Dublin, Ireland (PRWEB) March 13, 2013
The growing use of electric motors and automation has resulted in the greater demand for energy efficient electric motors. The more energy-consuming large sized industrial motors and increasing usage of small motors in portable devices has given a renewed push in the demand for the energy efficient motors. Certain parameters like winding, quality of laminations and others that differentiate an ordinary motor from an energy efficient motor have been discussed in-depth in the report with an economic and impact analysis.
Rapid growth of the Energy Efficient Motor market is expected to bring forth opportunities as well as challenges for the key players in the market. All the major Energy Efficient Motor manufacturers are concentrating on future applicability of these products and deploying various strategies to cut costs through the increase in durability, reliability, decrease the size and compete with other energy savings substitute products.
This report also extensively analyses the companies operating in this market. Some of the important standards like Minimum Energy Performance Standard (MEPS), NEMA, and EPAct are also discussed in the report. The history & evolution of the energy efficient motors is also covered in the report which shows the current status of the energy efficient motors market. The international standards are further classified into different types like, super premium (IE4), premium (IE3), high (IE2) and standard (IE1). Different energy efficient product types are also covered in the report like efficient synchronous motors, efficient asynchronous or induction motors and efficient DC motors.
The cost comparison of different types of energy efficient motors is done in the report on the basis of four different cost parameters namely: initial cost, operating cost, maintenance cost and energy cost. In the life cycle cost of a motor, it is expected that 90% of the overall cost is due to the power cost. In the report, drivers, restraints and opportunities for the energy efficient motors market are also covered. The major driving factors for the energy efficient motors market are the energy cost savings, increasing government funding for the energy efficient solutions and increasing demand for greenhouse gas reduction. Some of the major restraints in the market are high purchasing price and lack of information.
Major application like Fans, Pump, HVAC, Material Handling & Processing for the emerging energy efficient motors have been analyzed along with their market size trends and forecasts. Key raw materials used by manufacturers in the Energy Efficient Motors market have been discussed along with recent updates and price developments in Energy Efficient Motors market. The end users market for the energy efficient motors is also covered in the report on the basis of the various applications. Some of the major end users which are covered in the report are Residential, Commercial Buildings, Industrial, Transportation, Aerospace & Defense and others. The overall market of the energy efficient motors is expected to grow from $31.79 billion in 2012 to $91.46 billion in 2018 at a CAGR of 19.67% from 2013 to 2018.
The whole report briefs about the Global Energy Efficient Motors market and covers major products with their market size globally and regionally. In-depth competitive landscape for each player and market share has been given in the report along with an in-depth geographic analysis for Energy Efficient Motors market, covering the major regional markets, viz. North America, Europe, Asia-Pacific (excluding China), China and Rest of the World (ROW). Some of the major acquisitions like the acquisition of Baldor Electric Company (U.S.) by ABB (Switzerland) and the acquisition of Marathon Electric (U.S.) by Regal Beloit (U.S.) are also discussed along with other major agreements, collaborations and partnerships which boost the sales of energy efficient motors.
This market research report categorizes the global energy efficient motors market based on various applications and end users market; it also covers the revenue foretold from 2013 to 2018 and future applications of the motors. It describes the demand for efficient motors in various regions. The report describes the applications mapping in the market with respect to the growth potential and adoption by the various companies.
For more information please visit http:// http://www.researchandmarkets.com/research/7zwjrw/energy_efficient
Research and Markets
Laura Wood, Senior Manager.
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Sector: Energy and Natural Resources