Energy efficient motors are more
effective and 2% to 8% more efficient than standard motors. These motors
have to meet the standard efficiency levels as listed in the National
Electric Manufacturers Associations (NEMA’s) MG-1 1993 published
report. The motors that are sold after October 1997 are expected to
meet the NEMA definition. The term ‘energy efficient’ refers to
producing standard output with minimum power input. Based on the
product type, the energy efficient motor market is segmented as -
permanent magnet motor market, triple-phase asynchronous motor market,
rare earth permanent magnet motor market and frequency converted motor
market.
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The advent of industrialization across
the globe is boosting the usage of electric motors and resulting in
automation of various industries. Such industries require huge energy
efficient motors in order to minimize the extra cost of production,
owing to which the energy efficient motor market is experiencing rapid
growth across the globe. Due to the amendment of NEMA definitions from
1997, motor manufacturers have to adhere to the standards as prescribed.
This has resulted in fuelling the energy efficient motor market
worldwide.
Most waste water treatment plants and
water supplies comprise of pumps and other blower motors. These motors
account for almost 85% to 90% energy costs. Energy efficient motors
help in curbing the extra energy costs involved in performing such
operations. Some of the vital benefits like low heat output, long
bearing life, better insulation, more tolerance due to phase imbalance
and overload conditions are helping the energy efficient motor market
grow effectively. Owing to the high cost involved in the production of
such motors, many manufacturers are refraining from manufacturing these
energy efficient motors. Thus, high cost is acting as one of the
inhibiting factors the market. However, the frequent amendments made by
NEMA’s are opening new market opportunities for the energy efficient
motor market.
Some of the key players of the energy
efficient motor market include, Emerson Motor Company, ABB Limited,
Baumuller Nurnberg GMBH, GE Energy, Siemens AG, Crompton Greaves Ltd,
Vacon PLC, Wolong Electric Group, Sew-Eurodrive Gmbh and Co Kg,
Hindmotors and Power Efficiency Corporation.
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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