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North America Energy Efficient Motor Market Size, Share & Industry Trends Analysis Report By Application, By Efficiency Level (IE3, IE2, IE1, IE4 and IE5), By Power Output Rating, By Type, By End User, By Country and Growth Forecast, 2023 - 2029

Publisher Knowledge Based Value (KBV) Research
Published May 31, 2023
Length 128 Pages
SKU # KBV18095530

Description

North America Energy Efficient Motor Market Size, Share & Industry Trends Analysis Report By Application, By Efficiency Level (IE3, IE2, IE1, IE4 and IE5), By Power Output Rating, By Type, By End User, By Country and Growth Forecast, 2023 - 2029


The North America Energy Efficient Motor Market would witness market growth of 7.1% CAGR during the forecast period (2023-2029).

Compared to traditional motors, the energy efficient motor consumes less electricity, operates cooler, and lasts longer. This motor is 2-6% more efficient than a regular motor and has more copper windings overall. As a result, the motor has a low working temperature, makes very little noise and vibration, and has a longer lifespan, lowering maintenance costs. It is appropriate for various industrial uses, including paper, textiles, blowers, cement, and machine tools.

Improved manufacturing processes and superior materials, longer bearing lives, higher service factors, lower waste heat output, and reduced vibration are all characteristics of energy efficient motors that promote reliability. More efficient electric motors do so by minimizing losses, which only make up about 3-6% of the energy that passes through the motor. Because of its highly efficient electric motor, a variable speed drive (VSD) can save energy while also lowering pollution. The introduction of the VSD aids in system efficiency optimization.

Efficient electric motors are more cost-effective throughout the system. In contrast, with thousands of hours of operation per year, motor energy expenses often account for a significant percentage of the life-cycle cost of the motor. By utilizing variable speed drives, or VSD for short, an efficient electric motor can reduce the emissions caused by energy savings. The primary function of a variable speed drive (VSD) is to regulate the speed of the motor in response to changes in the load. Also, the VSD improves the effectiveness of the system as a whole.

Cities in Mexico are growing quickly, increasing the need for energy and creating ineffective transportation systems. Currently, the residential sector in Mexico uses around 6% of the nation's total energy and 26% of its total electricity. Sustainable housing, however, calls for investment. By boosting the number of mortgages for low-carbon housing and releasing financing to construct it, government initiatives are helping Mexico combat climate change. The increased efforts to reduce energy use, like in the residential sector, are anticipated to increase demand that may help users drastically reduce their power use and consequently support market expansion in the region.

The US market dominated the North America Energy Efficient Motor Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $12,775.1 Million by 2029. The Canada market is poised to grow at a CAGR of 9.5% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 8.5% during (2023 - 2029).

Based on Application, the market is segmented into HVAC & Pumps, Fans, Compressors, Refrigeration and Material Handling & Material Processing. Based on Efficiency Level, the market is segmented into IE3, IE2, IE1, IE4 and IE5. Based on Power Output Rating, the market is segmented into <1KW, 1 - 2.2 KW, 2.2 - 375 KW and >375 KW. Based on Type, the market is segmented into AC Motors and DC Motors. Based on End User, the market is segmented into Industrial, Commercial, Residential, Automotive, Agriculture and Aerospace & Defense. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Toshiba Corporation, Rockwell Automation, Inc., Nidec Corporation, WEG Equipamentos Eletricos SA, Mitsubishi Electric Corporation, Havells India Ltd., CG Power & Industrial Solutions Ltd. (Murugappa Group) and Kirloskar Brothers Limited (Kirloskar Group)

Scope of the Study

Market Segments covered in the Report:

By Application
  • HVAC & Pumps
  • Fans
  • Compressors
  • Refrigeration
  • Material Handling & Material Processing
By Efficiency Level
  • IE3
  • IE2
  • IE1
  • IE4
  • IE5
By Power Output Rating
  • <1KW
  • 1 - 2.2 KW
  • 2.2 - 375 KW
  • >375 KW
By Type
  • AC Motors
  • DC Motors
By End User
  • Industrial
  • Commercial
  • Residential
  • Automotive
  • Agriculture
  • Aerospace & Defense
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • ABB Group
  • Siemens AG
  • Toshiba Corporation
  • Rockwell Automation, Inc.
  • Nidec Corporation
  • WEG Equipamentos Eletricos SA
  • Mitsubishi Electric Corporation
  • Havells India Ltd.
  • CG Power & Industrial Solutions Ltd. (Murugappa Group)
  • Kirloskar Brothers Limited (Kirloskar Group)
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

128 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Energy Efficient Motor Market, by Application
1.4.2 North America Energy Efficient Motor Market, by Efficiency Level
1.4.3 North America Energy Efficient Motor Market, by Power Output Rating
1.4.4 North America Energy Efficient Motor Market, by Type
1.4.5 North America Energy Efficient Motor Market, by End User
1.4.6 North America Energy Efficient Motor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
Chapter 4. North America Energy Efficient Motor Market by Application
4.1 North America HVAC & Pumps Market by Country
4.2 North America Fans Market by Country
4.3 North America Compressors Market by Country
4.4 North America Refrigeration Market by Country
4.5 North America Material Handling & Material Processing Market by Country
Chapter 5. North America Energy Efficient Motor Market by Efficiency Level
5.1 North America IE3 Market by Country
5.2 North America IE2 Market by Country
5.3 North America IE1 Market by Country
5.4 North America IE4 Market by Country
5.5 North America IE5 Market by Country
Chapter 6. North America Energy Efficient Motor Market by Power Output Rating
6.1 North America <1KW Market by Country
6.2 North America 1 - 2.2 KW Market by Country
6.3 North America 2.2 - 375 KW Market by Country
6.4 North America >375 KW Market by Country
Chapter 7. North America Energy Efficient Motor Market by Type
7.1 North America AC Motors Market by Country
7.2 North America DC Motors Market by Country
Chapter 8. North America Energy Efficient Motor Market by End User
8.1 North America Industrial Market by Country
8.2 North America Commercial Market by Country
8.3 North America Residential Market by Country
8.4 North America Automotive Market by Country
8.5 North America Agriculture Market by Country
8.6 North America Aerospace & Defense Market by Country
Chapter 9. North America Energy Efficient Motor Market by Country
9.1 US Energy Efficient Motor Market
9.1.1 US Energy Efficient Motor Market by Application
9.1.2 US Energy Efficient Motor Market by Efficiency Level
9.1.3 US Energy Efficient Motor Market by Power Output Rating
9.1.4 US Energy Efficient Motor Market by Type
9.1.5 US Energy Efficient Motor Market by End User
9.2 Canada Energy Efficient Motor Market
9.2.1 Canada Energy Efficient Motor Market by Application
9.2.2 Canada Energy Efficient Motor Market by Efficiency Level
9.2.3 Canada Energy Efficient Motor Market by Power Output Rating
9.2.4 Canada Energy Efficient Motor Market by Type
9.2.5 Canada Energy Efficient Motor Market by End User
9.3 Mexico Energy Efficient Motor Market
9.3.1 Mexico Energy Efficient Motor Market by Application
9.3.2 Mexico Energy Efficient Motor Market by Efficiency Level
9.3.3 Mexico Energy Efficient Motor Market by Power Output Rating
9.3.4 Mexico Energy Efficient Motor Market by Type
9.3.5 Mexico Energy Efficient Motor Market by End User
9.4 Rest of North America Energy Efficient Motor Market
9.4.1 Rest of North America Energy Efficient Motor Market by Application
9.4.2 Rest of North America Energy Efficient Motor Market by Efficiency Level
9.4.3 Rest of North America Energy Efficient Motor Market by Power Output Rating
9.4.4 Rest of North America Energy Efficient Motor Market by Type
9.4.5 Rest of North America Energy Efficient Motor Market by End User
Chapter 10. Company Profiles
10.1 ABB Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.1.5.2 Acquisition and Mergers:
10.1.5.3 Geographical Expansions:
10.1.6 SWOT Analysis
10.2 Siemens AG
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Toshiba Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research and Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Rockwell Automation, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 Nidec Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.4.1 Partnerships, Collaborations, and Agreements:
10.5.4.2 Product Launches and Product Expansions:
10.5.4.3 Joint Venture:
10.6 WEG Equipamentos Eletricos SA
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.5.2 Joint Venture:
10.6.5.3 Geographical Expansions:
10.7 Mitsubishi Electric Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.8 Havells India Ltd.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Recent strategies and developments:
10.8.4.1 Product Launches and Product Expansions:
10.9 CG Power & Industrial Solutions Ltd. (Murugappa Group)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.10. Kirloskar Brothers Limited (Kirloskar Group)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis

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