Energy Efficient Motor Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2012 - 2018
Albany, New York (PRWEB) June 05, 2013
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.
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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.
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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:
Rest of the World
This report provides comprehensive analysis of:
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for upcoming years
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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.
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