In order to enable an in-depth analysis, the Energy Efficient Motor market is segmented on the basis of type, product type, application, end user and geography. According to type, the market is segmented into Super Premium –IE4, Premium-IE3, high-IE2 and Standerd-IE1. The market is segmented by product type into synchronous, asynchronous and Dc motor. The application segment includes pump, fans, air compressor, refrigerator, material handling and agriculture sector. According to end-users, the market is categorized into industrial, building, aerospace and defense and agriculture sector. In terms of geography, the market is categorized into North America, Europe, Asia-Pacific and RoW.
Factory automation is being increasingly adopted by manufacturers in order to improve production capacity while simultaneously minimizing errors, process time and hazardous environmental effects. This acts as a driving force for the energy efficient motor market, ensuring that it will grow at a steady rate.
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Energy efficient motors have a low failure rate and a high tolerance for overload conditions; these features make them significantly attractive for end users from various verticals. High initial investment and lack of awareness amongst the public are factors which limit market growth. Key companies profiled in the report are ABB Ltd, Crompton Greaves, General Electric, Honeywell International, Inc., Kirlosakar Electric Company, Ltd, Microchip Technology, Inc., Magneteck, Inc., Johnson Controls Inc., Simens AG, Weg S.A.,Leeson Elctric Corporation and Emerson Electric.
Market By Type
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