Energy efficient motors function
just like standard motors but their different construction technique makes them
much more energy efficient. These motors are able to consume less energy per
work unit due to improved material and the better design used for their
construction. Higher efficiency of these motors has always attracted end-users,
as they have great engineering capabilities and applications and low
maintenance cost. Energy efficient motors have wide applications in fans,
blowers and pumps, vehicles, and more. These motors also have demand in
commercial and residential buildings, aerospace and defense. Some types of
motors that are available are permanent magnet synchronous motor, DC (brushed
and brushless) motors, stepper motor, switched reluctance motor and induction
motor.
To
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One of the major drivers for this
market is the benefits it offers over the standard motors market. Various
parameters like winding, insulation, low fan losses and quality of laminations
make energy efficient motors more preferable than a standard motor. Moreover,
regulations passed by governments and agencies of different countries are
additional incentives for manufacturers to follow standards like Minimum Energy
Performance Standards (MEPS) and Environment Protection Act (EP Act) in motor
production. Growing awareness of environmental protection drives a healthy
growth for energy efficient motors in the future as these motors have minimum
CO2 emissions and low energy cost.
Energy efficient motors involve high
initial financial investment but due to their high efficiency and energy saving
qualities, they are in fact much more economical in the long run. Energy
efficient motor manufacturers are working on decreasing the cost of the motor
to compete with its substitutes like standard motors in the market.
Companies like Siemens A.G., Baldor
Electric Company, ABB Ltd., General Electric Company, Regal Beloit Corporation,
Crompton Greaves Ltd., and Emerson Electric Company are some of the key players
in the market.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
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analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological
growth map over time to understand the industry growth rate
- It provides a seven-year
forecast assessed on the basis of how the market is predicted to
grow
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key product segments and their future
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of changing competition dynamics and keeps you ahead of competitors
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business decisions by having complete insights of market and by making
in-depth analysis of market segments
- It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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