Bharat Book Bureau Provides the Trending Market Research Report on “Global Energy Efficient Motor Market, Forecast to 2023” under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, Top Players, global presence, and their future prospects.
Energy Efficient Motor Market is expected to grow at a significant rate between 2018 and 2023
The energy efficient motor market is expected to reach USD 41.57 billion by 2023 from USD 30.34 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The key factors driving the growth of the energy efficient motor market are saving on energy and subsequent cost over traditional motors, increasing support from governments worldwide for the adoption of energy efficient motor, rising need to diminish greenhouse effect, and increasing adoption of energy efficient motors in the industrial sector. However, the major restraining factor for the growth of this market is the high costs of super premium efficiency (IE4) motors.
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AC motors accounted for a larger share of the energy efficient motor market in 2017
AC motor is a type of electric motor that is driven by an alternating current (AC). An AC motor comprises an outside stator having coils supplied with alternating current to produce a rotating magnetic field and an inside rotor attached to the output shaft producing a second rotating magnetic field. The expected larger share of AC motors in the energy efficient motor market based on type is attributed to the rising concern about carbon emissions and increasing consumption of power, which has been encouraging the development of more energy efficient AC motors.
North America accounted for the largest share of the energy efficient motor market in 2017
The US, Canada, and Mexico are the major contributors to the North American energy efficient motor market. This region is a key market for energy efficient motors as some of the largest corporations, such as General Electric, Honeywell, Rockwell, and Regal Beloit, are based in this region. North America is considered to be an early adopter of energy efficient motors. Further, the increasing number of government regulations to reduce the greenhouse effect on the environment is driving adoption of energy efficient solutions. Additionally, the North American automobile industry is undergoing the technological shift from traditional vehicles to electric vehicles, which leads to the increase in the demand for energy efficient motors.
Following is the break-up of the profiles of primary participants for the report:
- By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
- By Designation: C-Level Executives – 45%, Directors – 30%, and Others – 25%
- By Region: North America – 45%, Europe – 30%, APAC – 20%, and RoW – 5%
The key players operating in the energy efficient motor market are ABB (Switzerland), Siemens (Germany), WEG (Brazil), GE (US), Schneider Electric (France), Nidec (Japan), Rockwell (US), CG (India), Bosch Rexroth (Germany), and Kirloskar Electric (India).
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https://www.bharatbook.com/industrial-goods-machinery-market-research-reports-419238/energy-efficient-motor-efficiency-level-type-application-global-forecast.html
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Contact us at:
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Email: poonam@bharatbook.com
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Energy Efficient Motor Market is expected to grow at a significant rate between 2018 and 2023
The energy efficient motor market is expected to reach USD 41.57 billion by 2023 from USD 30.34 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The key factors driving the growth of the energy efficient motor market are saving on energy and subsequent cost over traditional motors, increasing support from governments worldwide for the adoption of energy efficient motor, rising need to diminish greenhouse effect, and increasing adoption of energy efficient motors in the industrial sector. However, the major restraining factor for the growth of this market is the high costs of super premium efficiency (IE4) motors.
Request a free sample copy of Energy Efficient Motor Market Report @ https://www.bharatbook.com/request-sample/419238
AC motors accounted for a larger share of the energy efficient motor market in 2017
AC motor is a type of electric motor that is driven by an alternating current (AC). An AC motor comprises an outside stator having coils supplied with alternating current to produce a rotating magnetic field and an inside rotor attached to the output shaft producing a second rotating magnetic field. The expected larger share of AC motors in the energy efficient motor market based on type is attributed to the rising concern about carbon emissions and increasing consumption of power, which has been encouraging the development of more energy efficient AC motors.
North America accounted for the largest share of the energy efficient motor market in 2017
The US, Canada, and Mexico are the major contributors to the North American energy efficient motor market. This region is a key market for energy efficient motors as some of the largest corporations, such as General Electric, Honeywell, Rockwell, and Regal Beloit, are based in this region. North America is considered to be an early adopter of energy efficient motors. Further, the increasing number of government regulations to reduce the greenhouse effect on the environment is driving adoption of energy efficient solutions. Additionally, the North American automobile industry is undergoing the technological shift from traditional vehicles to electric vehicles, which leads to the increase in the demand for energy efficient motors.
Following is the break-up of the profiles of primary participants for the report:
- By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
- By Designation: C-Level Executives – 45%, Directors – 30%, and Others – 25%
- By Region: North America – 45%, Europe – 30%, APAC – 20%, and RoW – 5%
The key players operating in the energy efficient motor market are ABB (Switzerland), Siemens (Germany), WEG (Brazil), GE (US), Schneider Electric (France), Nidec (Japan), Rockwell (US), CG (India), Bosch Rexroth (Germany), and Kirloskar Electric (India).
To browse full research report with TOC, click the link below :
https://www.bharatbook.com/industrial-goods-machinery-market-research-reports-419238/energy-efficient-motor-efficiency-level-type-application-global-forecast.html
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
Follow us on : Twitter, Facebook, LinkedIn, Google Plus
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