Energy Efficient Motor Market by Efficiency Level, Type, Application, Vertical and Geography – Global Forecast to 2023 – ResearchAndMarkets.com

The "Energy
Efficient Motor Market by Efficiency Level (IE1, IE2, IE3, and IE4),
Type, Application (HVAC, Fans, Pumps, Compressors, Refrigeration,
Material Handling, and Material Processing), Vertical and Geography -
Global Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.

The energy efficient motor market is expected to grow at a
significant rate 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.

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.

Key Benefits of Buying the Report:

• Illustrative segmentation, analysis, and forecast for the market based
  on efficiency level, type, vertical, application, and geography have
  been conducted to give an overall view of the energy efficient motor
  market.
• The major drivers, restraints, opportunities, and challenges for the
  energy efficient motor market have been detailed in this report.
• The details on the competitive landscape and revenue of the key
  players have been provided in the report.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Energy Efficient Motor Market, By Efficiency Level

7 Energy Efficient Motor Market, By Type

8 Energy Efficient Motor Market, By Application

9 Energy Efficient Motor Market, By Vertical

10 Energy Efficient Motor Market, By Geography

11 Competitive Landscape

Companies Mentioned

• ABB
• Bosch Rexroth
• Brook Crompton
• Crompton Greaves
• EBM-Papst
• EC Fans & Drives (An Epec Company)
• General Electric
• Havells
• Honeywell
• Johnson Electric
• Kirloskar Electric
• Maxon Motor
• Mitsubishi Electric
• Nidec
• Regal Beloit
• Rockwell
• Schneider Electric
• Siemens
• Toshiba
• WEG

For more information about this report visit https://www.researchandmarkets.com/research/njlbc2/energy_efficient?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180301006235/en/

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