Global and United States Energy Efficient Motor Market Report & Forecast 2022-2028

The major factors driving the growth of this market include the saving of 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. Energy efficient motors are used in various application areas in the agriculture vertical; these applications include irrigation, ventilation, grain handling, material handling, aeration, and conditioning. Motors are among the largest energy consuming devices on farms. Motors used in the agriculture sector account for 18% of the on-farm energy consumption worldwide. Also, the energy saving solutions are applicable to all segments of the agriculture sector including dairies and livestock producers, nurseries, crop farmers, and food processing companies. This would further propel the growth of the energy efficient motor market during the forecast period.
Market Analysis and Insights: Global and United States Energy Efficient Motor Market
This report focuses on global and United States Energy Efficient Motor market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Energy Efficient Motor market size is estimated to be worth US$ 27550 million in 2022 and is forecast to a readjusted size of US$ 34230 million by 2028 with a CAGR of 3.7% during the review period. Fully considering the economic change by this health crisis, by Type, AC Motors accounting for % of the Energy Efficient Motor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, HVAC was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The pumps application accounted for the largest share of the energy efficient motor market in 2017. Pumps are used in various end-user industries such as water and wastewater, oil and gas, agriculture, and commercial. Further, the pump application is a major shareholder of the energy efficient motor market as the pumps are the major consumer of electricity in the industrial sector.
Global Energy Efficient Motor Scope and Market Size
Energy Efficient Motor market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Energy Efficient Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Energy Efficient Motor market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
AC Motors
DC Motors
Segment by Application
HVAC
Fans
Pumps
Compressors
Refrigeration
Material Handling
Material Processing
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
ABB
Siemens
Weg
General Electric
Nidec
Schneider Electric
Rockwell
Crompton Greaves
Bosch Rexroth
Kirloskar Electric
Regal Beloit
Havells
Maxon Motor
Brook Crompton
Toshiba

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