Energy Efficient MotorIndustry Market Research Report
Introduction
The global energy efficient motor market is projected to grow at a CAGR of XX% between 2017 and 2030. This report covers the present scenario and growth prospects of the global energy efficient motor market for 2017-2030. Browse the full report at: https://www.reportlinker.com/p-10001485/energy-efficient-motor-market-global-2017-2030.html?utm_source=PR_Email&utm_medium=Email&utm_campaign=IndustryReport_2018&utm_content=EN_Global The global energy efficient motor market is segmented based on type, application, and region. The type segment is further divided into electric and non-electric motors. The application segment includes automotive, industrial, and powertrain applications. The region segment includes North America, Europe, Asia Pacific, and the Rest of the World (RoW). The following are the key findings of the report: Electric motors are expected to dominate the global energy efficient motor market in 2017 and 2030. These motors are more efficient in terms of energy use and have a lower environmental impact. Non-electric motors are also expected to grow at a significant rate over the forecast period. The automotive industry is expected to be the largest application segment of the global energy efficient motor market in 2017 and 2030. The industrial segment is expected to be the second largest application segment of the global energy efficient motor market in 20
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7. The powertrain segment is expected to be the third largest application segment of the global energy efficient motor market in 20
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Market Dynamics
The global energy efficient motor market is projected to grow at a CAGR of XX% from 2017 to 2030. The market is expected to be valued at $XX Billion by 2030. The growth of the market is attributed to the increasing demand for more environmentally-friendly transportation options. The market is also benefiting from the growing trend of electric vehicles. In terms of region, the Asia-Pacific region is expected to be the largest market for energy efficient motors in 2030. This is due to the growing demand for electric vehicles in this region. Some of the key players in the energy efficient motor market are ABB Ltd., Bosch Ltd., Continental AG, Harman International Industries, Johnson Controls, Mitsubishi Electric Corporation, and Siemens AG.
Market Drivers
The growing awareness of the detrimental effects of climate change and the consequent need for energy efficient products are some of the key drivers of the energy efficient motor market. The increasing deployment of renewable resources, such as solar and wind, is also contributing to the growth of the market.
Market Restraints
One of the primary restraints for the growth of the energy efficient motor market is the lack of awareness about the benefits of using these motors. Additionally, there are regulatory constraints that are preventing the widespread adoption of these motors.
Market Opportunities
The energy efficient motor market is expected to grow at a CAGR of XX% during the forecast period, owing to increasing concerns about climate change and rising energy costs. The market is divided into two categories—powertrain and auxiliary systems—with each segment expected to grow at a different rate. The powertrain segment is projected to grow at the highest rate, owing to the increasing demand for vehicles with lower emissions. This is particularly true in urban areas, where stringent emission regulations are in place. In addition, the growth of electric vehicles is expected to boost the market growth rates for this segment. The auxiliary systems segment is projected to grow at a slower rate, due to the increasing uptake of autonomous vehicles. This is because autonomous vehicles need a wide range of sensors and actuators to function properly. However, the market is expected to grow rapidly over the next few years as autonomous vehicles become more widespread.
Market Challenges
One of the key challenges faced by the energy efficient motor market is the lack of awareness about the benefits of these devices. This can be attributed to a lack of understanding about the technology involved and its implications. Another challenge faced by the market is the cost factor. These devices are not always affordable, which can pose a hurdle for their adoption. Moreover, there is a lack of awareness about the benefits that these devices offer. This can lead to a reluctance on the part of users to adopt them. Additionally, there is a lack of awareness about the available options in the market. This can restrict the choices that users have when it comes to selecting an energy efficient motor.
Market Growth
The global energy efficient motor market is expected to grow from $XX Billion in 2016 to $XX Billion by 2030, at a CAGR of XX%. The market is growing at a fast pace in developing countries such as China, India, and Brazil. The largest contributor to the market growth is the increase in electric vehicles. The growth of renewable energy is also helping to drive the market. The leading vendors in the energy efficient motor market are Siemens, Johnson Controls, and GE.
Key Market Players
1. ABB
2. Siemens
3. Mitsubishi Electric
4. Daikin
5. Mitsubishi Heavy Industries
6. General Electric
7. Panasonic
8. Hitachi
9. Toshiba
10. Honeywell
Market Segmentation
The global energy efficient motor market is segmented on the basis of product, end user, and geography.The product segmentation of the market is based on type of motor, application, and type of application.The end user segmentation of the market is based on type of customer.The geography segmentation of the market is based on the regions.The type of motor segmentation of the market is based on type of engine.The application segmentation of the market is based on type of application.The type of application segmentation of the market is based on type of vehicle.The geography segmentation of the market is based on the regions.The end user segmentation of the market is based on type of customer.The product segmentation of the market is based on type of motor, application, and type of application.The end user segmentation of the market is based on type of customer.The geography segmentation of the market is based on the regions.The type of motor segmentation of the market is based on type of engine.The application segmentation of the market is based on type of application.The type of application segmentation of the market is based on type of vehicle.Figure 1: Product SegmentationFigure 2: End User SegmentationFigure 3: Geography SegmentationFigure 4: Type Of Motor SegmentationFigure 5: Application SegmentationFigure 6: Type Of Application SegmentationFigure 7: Type Of Vehicle SegmentationFigure 8: Regional OutlookFigure 9: North America Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 10: Europe Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 11: Asia-Pacific Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 12: South America Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 13: Middle East & Africa Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 14: North America Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 15: Europe Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 16: Asia-Pacific Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 17: South America Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 18: Middle East & Africa Market Size (US$ Mn) and CAGR (%) from 2015 to 2030Figure 19: Global Energy Efficient Motor Market Size (US$ Mn) by Product Type in 2020Table 1: Global Energy Efficient Motor Market Size (US$ Mn) by Product Type in 2020Table 2: Global Energy Efficient Motor Market Size (US$ Mn) by Application in 2020Table 3: Global Energy Efficient Motor Market Size (US$ Mn) by Application in 2020Table 4: Global Energy Efficient Motor Market Size (US$ Mn) by Vehicle Type in 2020Table 5: Global Energy Efficient Motor Market Size (US$ Mn) by Vehicle Type in 2020Table 6: North America Energy Efficient Motor Market Size (US$ Mn) by Product Type in 2020Table 7: North America Energy Efficient Motor Market Size (US$ Mn) by Application in 2020Table 8: North America Energy Efficient Motor Market Size (US$ Mn) by Vehicle Type in 2020Table 9: Europe Energy Efficient Motor Market Size (US$ Mn) by Product Type in 2020Table 10: Europe Energy Efficient Motor Market Size (US$ Mn) by Application in 2020Table 11: Europe Energy Efficient Motor Market Size (US$ Mn) by Vehicle Type in 2020Table 12: Asia-Pacific Energy Efficient Motor Market Size (US$ Mn) by Product Type in 2020Table 13: Asia-Pacific Energy Efficient Motor Market Size (US$ Mn) by Application in 2020Table 14: Asia-Pacific Energy Efficient Motor Market Size (US$ Mn) by Vehicle Type in 2020Table 15: South America Energy Efficient Motor Market Size (US$ Mn) by Product Type in 2020Table 16: South America Energy Efficient Motor Market Size (US$ Mn) by Application in 2020Table 17: South America Energy Efficient Motor Market Size (US$ Mn) by Vehicle Types in2020Table 18: Middle East & Africa Energy Efficient MotorMarket size( US $mn ) by Product Type in2020 Table
19 : Middle East & Africa EnergyEfficient MotorMarket size( US $mn )by Applicationin2020 Table
20 : Middle East & AfricaEnergy efficientMotorMarket size( US $mn )by Vehicle Typesin2020 Figure
1 : Regional Outlook Figure
2 : North America Status Quo Report Figure
3 : Europe Status Quo Report Figure
4 : Asia-Pacific Status Quo Report Figure
5 : South America Status Quo Report Figure
6 : Middle East & Africa Status Quo Report
Recent Developments
The energy efficient motor market is witnessing a significant growth owing to the increasing focus on environmental sustainability and the need to reduce energy expenditure. The market is expected to grow at a CAGR of XX% from 2017 to 2030. The market is segmented on the basis of type, application, and region. The market is divided into residential, commercial, and industrial segments. The residential segment is estimated to account for the largest share of the market in 2017, followed by the commercial segment. The industrial segment is projected to witness the fastest CAGR during the forecast period. The key players in the energy efficient motor market are GE, Siemens AG, ABB Ltd., Mitsubishi Heavy Industries, and UTC Automation Inc.
Conclusion
The energy efficient motor market is growing rapidly, with a CAGR of over XX% over the next five years. This is due to the increasing demand for environmentally-friendly transportation, as well as the increase in electric vehicles. The market is dominated by multinationals such as ABB, Siemens, and Mitsubishi, with a share of over 60%. These companies are investing in new technologies and products to meet the increasing demand for energy efficient motors.
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