Energy Efficient Motors

Global Energy Efficient Motors Market to Reach US$67.2 Billion by 2030

The global market for Energy Efficient Motors estimated at US$45.2 Billion in the year 2024, is expected to reach US$67.2 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2024-2030. Above 375 kW, one of the segments analyzed in the report, is expected to record a 8.0% CAGR and reach US$28.5 Billion by the end of the analysis period. Growth in the 2.2 - 375 kW segment is estimated at 6.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.2 Billion While China is Forecast to Grow at 9.1% CAGR

The Energy Efficient Motors market in the U.S. is estimated at US$12.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.2 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.7% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.

Global Energy Efficient Motors Market - Key Trends & Drivers Summarized

Energy efficient motors are integral to modern industrial and commercial applications, providing enhanced performance while significantly reducing energy consumption and operational costs. These motors are designed to convert electrical energy into mechanical energy with higher efficiency, minimizing energy losses that typically occur in conventional motors. The improved design and advanced materials used in energy efficient motors, such as high-grade electrical steel and copper, contribute to their superior performance. These motors are classified according to their efficiency levels, with standards set by organizations like the International Electrotechnical Commission (IEC) and the National Electrical Manufacturers Association (NEMA). The adoption of energy efficient motors is not only driven by economic benefits but also by stringent environmental regulations aimed at reducing greenhouse gas emissions and promoting sustainable practices.

The application of energy efficient motors spans various industries including manufacturing, HVAC (heating, ventilation, and air conditioning), water and wastewater treatment, and agriculture. In manufacturing, these motors are used in pumps, fans, conveyors, and compressors, where they can significantly reduce energy consumption and enhance productivity. In HVAC systems, energy efficient motors contribute to reduced energy bills and lower carbon footprints by optimizing the operation of fans and blowers. Water and wastewater treatment facilities benefit from these motors through improved efficiency in pumping systems, leading to considerable savings in energy costs. In agriculture, energy efficient motors are used in irrigation systems and other mechanized operations, supporting sustainable farming practices by lowering energy use.

The growth in the energy efficient motors market is driven by several factors. Advances in motor technology, such as the development of permanent magnet synchronous motors (PMSMs) and synchronous reluctance motors, are enhancing efficiency and performance. Government regulations and incentives aimed at energy conservation are also significant drivers, as they encourage the adoption of energy efficient solutions across various sectors. Increasing awareness among consumers and industries about the long-term cost savings and environmental benefits of energy efficient motors is further propelling market growth. The rising cost of energy is another critical factor, prompting industries to seek more efficient solutions to reduce operational expenses. Additionally, the growing trend towards industrial automation and the need for high-performance motor systems in automated processes are contributing to the increased demand for energy efficient motors. These factors, combined with ongoing technological advancements and regulatory support, are fueling the robust expansion of the energy efficient motors market.

SCOPE OF STUDY:

The report analyzes the Energy Efficient Motors market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Power Rating (Above 375 kW, 2.2 - 375 kW, 1 - 2.2 kW, Below 1 kW); Application (Pumps, HVAC, Compressors, Fans, Other Applications); End-Use (Industrial, Commercial Buildings, Automotive, Residential, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 76 Featured) -

• ABB Ltd.
• Bosch Rexroth AG
• General Electric Company
• Honeywell International, Inc.
• Johnson Controls Inc.
• Kirlosakar Electric Company
• Microchip Technology, Inc.
• Nidec Motor Corporation
• Regal Rexnord Corporation
• Rockwell Automation Inc.
• Schneider Electric SE
• Simens AG
• Weg S.A

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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