Energy Efficient Motor Market

Energy Efficient Motor Market

Energy Efficient Motor Market Forecasts to 2028 - Global Analysis By Product Types (Synchronous Motor, Asynchronous Motor, AC Motor, DC Motor and Other Product Types), Efficiency Level, Application, End User and By Geography

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Published: 2023 ID: SMRC22854

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $35.2 BN

Projected Year Value (2028)

US $58.8 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Energy Efficient Motor Market is accounted for $35.2 billion in 2022 and is expected to reach $58.8 billion by 2028 growing at a CAGR of 8.9% during the forecast period. Energy-efficient motors are used in a variety of industries, including the agricultural, commercial, residential, and industrial sectors. These motors' higher efficiency and reduced maintenance costs have led to an increase in demand for a variety of applications. This technique has undergone constant innovation to cut down on electricity usage. Energy-efficient applications are being adopted in a variety of applications as environmental awareness increases.

According to the Asian Development Bank (ADB), the region’s share of global energy consumption is expected to increase to 56% by 2035 from 34% in 2010.

Market Dynamics:


Growing need to reduce the greenhouse effect

As energy saving becomes more fashionable, businesses are choosing eco-friendly solutions for their systems and procedures. One of the most important steps in lowering greenhouse gas emissions from fossil fuel-generated electricity is making the switch to energy-efficient alternatives. Furthermore, by consuming less energy, the adoption of energy-efficient motors helps end users save money. The growing need to reduce greenhouse gas emissions is boosting the market growth.


Lack of awareness

Various end consumers are not knowledgeable about energy-efficient motors. End users are not sufficiently informed about the energy savings potential of these motors and the costs associated with excessive energy use. The availability of many types of energy-efficient motors and their advantages may not be well known by consumers and enterprises, which is impeding the market's expansion.


Rising industrialization

The demand for energy-efficient motors has increased as industrialization continues to grow. The demand for motors that can lower energy consumption and operating costs has grown as more industries are founded and old ones expand. Higher efficiency and less energy loss are features of energy-efficient motors, which over the course of the motor's lifetime results in significant cost savings. Due to this, demand for energy-efficient motors has increased across a number of industries.


High price of energy efficient motors

To assure their effectiveness, energy efficient motors frequently need better materials, more sophisticated production techniques, and further testing and certification. Because of this, producers may incur a greater production cost, which in turn raises the cost to consumers. It's possible that some purchasers are unaware of the advantages of energy-efficient motors. This is the main element impeding the market's expansion.

Covid-19 Impact

Significantly more of the decline was caused by lower sales of petroleum and coal products as well as transportation equipment. Sales increased the greatest in the industrial machinery sector, next in the wood products and chemical sectors. Such incidents represented a fall in the use of industrial motors in the sector as oil and gas producing facilities were shut down. Thus, the pandemic's erratic demand and supply sides hindered the expansion of the industrial motors industry.

The pumps segment is expected to be the largest during the forecast period

The pumps segment is estimated to have a lucrative growth, due to its utilization. Induction motors with three phases of alternating current are frequently employed in commercial and industrial settings. The usage of energy-efficient motors in pumps is projected to expand due to rigorous energy efficiency regulations in industrialised nations' focus on smart water and wastewater systems and rising power generation capacity worldwide.

The residential segment is expected to have the highest CAGR during the forecast period

The residential segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the usage of motors in the segment. In factories and other production facilities, motors are frequently used in one way or another. Motors are utilised in virtually all household appliances, including food processors, washing machines, and more. By lowering expenses, switching to energy-efficient motors could therefore result in significant energy and financial savings.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to availability of raw materials and the presence of a skilled workforce at low wages. The demand for energy-efficient motors has increased as a result of some governments implementing minimum energy performance criteria or branding programmes for electric motors. It is made up of various developing countries and needs more energy to develop.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to increase in demand for robotics and automation. The region is using more energy-efficient motors than ever before as a result of rising investments in important industries including transportation, commerce, and industry. The region's nations have been putting an emphasis on energy efficiency through initiatives, collaborations, and programmes.

Key players in the market

Some of the key players profiled in the Energy Efficient Motor Market include Siemens, Schneider Electric, Crompton Greaves, ABB, Kirloskar Electric Company Ltd., Rockwell Automation, Toshiba Corporation, Nidec Motor Corporation, Mitsubishi Electric, Regal Rexnord Corporation, WEG, Integrated Electric Co. Pvt. Ltd., Havells, Shanghai Top Motor Co. Ltd., Elektrim Motors and Hoyer Motors.

Key Developments:

In August 2022, ABB announced that it will purchase Siemens low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and experienced operations, sales, and management team.

In March 2022, Siemens invested in existing and new sites in Texas and California that develop electrical equipment for critical infrastructure systems, including EV charging, data centers, and industrial installations. This investment advances the company's commitment to supporting the next generation of American infrastructure.

Product Types Covered:
• Synchronous Motor
• Asynchronous Motor
• AC Motor
• DC Motor
• Other Product Types

Efficiency Levels Covered:
• IE1 (Standard Efficiency)
• IE2 (High Efficiency)
• IE3 (Premium Efficiency)
• IE4 (Super Premium Efficiency)
• Other Efficiency Levels

Applications Covered:
• Pumps
• Compressors
• Material Handling
• Fans
• Material Processing
• Refrigeration
• Heating, Ventilation, and Air Conditioning (HVAC)
• Other Applications

End Users Covered:
• Residential
• Automotive
• Industrial
• Commercial
• Agriculture
• Aerospace
• Transportation
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Energy Efficient Motor Market, By Product Type
5.1 Introduction
5.2 Synchronous Motor
5.3 Asynchronous Motor
5.4 AC Motor
5.5 DC Motor
5.6 Other Product Types

6 Global Energy Efficient Motor Market, By Efficiency Level
6.1 Introduction
6.2 IE1 (Standard Efficiency)
6.3 IE2 (High Efficiency)
6.4 IE3 (Premium Efficiency)
6.5 IE4 (Super Premium Efficiency)
6.6 Other Efficiency Levels

7 Global Energy Efficient Motor Market, By Application
7.1 Introduction
7.2 Pumps
7.3 Compressors
7.4 Material Handling
7.5 Fans
7.6 Material Processing
7.7 Refrigeration
7.8 Heating, Ventilation, and Air Conditioning (HVAC)
7.9 Other Applications

8 Global Energy Efficient Motor Market, By End User
8.1 Introduction
8.2 Residential
8.3 Automotive
8.4 Industrial
8.5 Commercial
8.6 Agriculture
8.7 Aerospace
8.8 Transportation
8.9 Other End Users

9 Global Energy Efficient Motor Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Siemens
11.2 Schneider Electric
11.3 Crompton Greaves
11.4 ABB
11.5 Kirloskar Electric Company Ltd.
11.6 Rockwell Automation
11.7 Toshiba Corporation
11.8 Nidec Motor Corporation
11.9 Mitsubishi Electric
11.10 Regal Rexnord Corporation
11.11 WEG
11.12 Integrated Electric Co. Pvt. Ltd.
11.13 Havells
11.14 Shanghai Top Motor Co. Ltd.
11.15 Elektrim Motors
11.16 Hoyer Motors

List of Tables
1 Global Energy Efficient Motor Market Outlook, By Region (2020-2028) ($MN)
2 Global Energy Efficient Motor Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Energy Efficient Motor Market Outlook, By Synchronous Motor (2020-2028) ($MN)
4 Global Energy Efficient Motor Market Outlook, By Asynchronous Motor (2020-2028) ($MN)
5 Global Energy Efficient Motor Market Outlook, By AC Motor (2020-2028) ($MN)
6 Global Energy Efficient Motor Market Outlook, By DC Motor (2020-2028) ($MN)
7 Global Energy Efficient Motor Market Outlook, By Other Product Types (2020-2028) ($MN)
8 Global Energy Efficient Motor Market Outlook, By Efficiency Level (2020-2028) ($MN)
9 Global Energy Efficient Motor Market Outlook, By IE1 (Standard Efficiency) (2020-2028) ($MN)
10 Global Energy Efficient Motor Market Outlook, By IE2 (High Efficiency) (2020-2028) ($MN)
11 Global Energy Efficient Motor Market Outlook, By IE3 (Premium Efficiency) (2020-2028) ($MN)
12 Global Energy Efficient Motor Market Outlook, By IE4 (Super Premium Efficiency) (2020-2028) ($MN)
13 Global Energy Efficient Motor Market Outlook, By Other Efficiency Levels (2020-2028) ($MN)
14 Global Energy Efficient Motor Market Outlook, By Application (2020-2028) ($MN)
15 Global Energy Efficient Motor Market Outlook, By Pumps (2020-2028) ($MN)
16 Global Energy Efficient Motor Market Outlook, By Compressors (2020-2028) ($MN)
17 Global Energy Efficient Motor Market Outlook, By Material Handling (2020-2028) ($MN)
18 Global Energy Efficient Motor Market Outlook, By Fans (2020-2028) ($MN)
19 Global Energy Efficient Motor Market Outlook, By Material Processing (2020-2028) ($MN)
20 Global Energy Efficient Motor Market Outlook, By Refrigeration (2020-2028) ($MN)
21 Global Energy Efficient Motor Market Outlook, By Heating, Ventilation, and Air Conditioning (HVAC) (2020-2028) ($MN)
22 Global Energy Efficient Motor Market Outlook, By Other Applications (2020-2028) ($MN)
23 Global Energy Efficient Motor Market Outlook, By End User (2020-2028) ($MN)
24 Global Energy Efficient Motor Market Outlook, By Residential (2020-2028) ($MN)
25 Global Energy Efficient Motor Market Outlook, By Automotive (2020-2028) ($MN)
26 Global Energy Efficient Motor Market Outlook, By Industrial (2020-2028) ($MN)
27 Global Energy Efficient Motor Market Outlook, By Commercial (2020-2028) ($MN)
28 Global Energy Efficient Motor Market Outlook, By Agriculture (2020-2028) ($MN)
29 Global Energy Efficient Motor Market Outlook, By Aerospace (2020-2028) ($MN)
30 Global Energy Efficient Motor Market Outlook, By Transportation (2020-2028) ($MN)
31 Global Energy Efficient Motor Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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