According to a new report, published by KBV research, The Global Energy Efficient Motor Market size is expected to reach $64 billion by 2029, rising at a market growth of 7.8% CAGR during the forecast period.
The Compressors segment is showcasing a CAGR of 8.2% during (2023 - 2029). This is because a compressor is a mechanical device that reduces the volume of a gas to increase its pressure. Energy efficient air compressors save money in several ways. Compressors (like rotary screw compressors) achieve efficiency by operating in a very constant and adjustable manner, ensuring that only the required amount of air is produced (and only the required amount of energy is consumed), thereby fueling the segment's growth.
The IE3 segment acquired maximum revenue share in the Global Energy Efficient Motor Market by Efficiency Level in 2022 thereby, achieving a market value of $22 Billion by 2029. This is because the IE3 motors are called premium efficiency motors. The frequency of rpm for IE3 motors is either 50Hz or 60Hz. 80-160 millimeters is the aluminum frame measurement for IE3 motors. IE3 motors have IP55 protection, which protects against dust and water discharged from a distance of 3 meters at a flow rate of 12 LPM for 3 minutes. Thus, the benefits of IE3 and its protection against dust particles will aid in the segment's growth.
The 1 - 2.2 KW segment has shown the growth rate of 8% during (2023 - 2029). This is because multiple mounting alternatives are available for these motors with these power output ratings. They have an optimal design, which contributes to improving the motor's performance. Their gradual acceleration prevents shocks and prolongs the life of mechanical components. They have one of the highest performance levels and broad industry coverage, propelling the segment's expansion.
The AC Motors segment is leading the Global Energy Efficient Motor Market by Type in 2022 thereby, achieving a market value of $39.6 Billion by 2029. This is due to the AC motors' durability, flexibility, and efficacy, which makes them ideal in the industrial sector for various applications, such as compressors, appliances, conveyors, computers, fans, and other HVAC equipment, pumps, and transportation equipment. In addition, the AC motor has lower startup power requirements, improved control over starting current levels and acceleration, greater customizability for various configuration needs, and variable speed and torque requirements.
The Commercial segment is poised to grow at a CAGR of 7.5% during (2023 - 2029). This is due to increasing concerns about emissions and the rising cost of electricity. As a result, there is a greater emphasis on the application of energy-efficient motors in commercial buildings. The rising number of commercial spaces, such as offices, will increase the demand for these motors, thereby driving the segment's expansion.
The Asia Pacific market dominated the Global Energy Efficient Motor Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $25.6 Billion by 2029. The Europe market is experiencing a CAGR of 7.3% during (2023 - 2029). Additionally, The North America market would exhibit a CAGR of 7.1% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/energy-efficient-motor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Siemens AG, Toshiba Corporation, Rockwell Automation, Inc., Nidec Corporation, WEG Equipamentos Eletricos SA, Mitsubishi Electric Corporation, Havells India Ltd., CG Power & Industrial Solutions Ltd. (Murugappa Group) and Kirloskar Brothers Limited (Kirloskar Group).
By Application
By Efficiency Level
By Power Output Rating
By Type
By End User
By Geography
Companies Profiled
Unique Offerings 
