At what pace is the energy efficient motor market growing, and what is its estimated value?
The energy efficient motor market size has grown strongly in recent years. It will grow from $42.6 billion in 2024 to $46.2 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to environmental regulations and sustainability initiatives, increasing the demand for energy-efficient solutions, the increasing price of the electricity, lower life cycle costs than traditional motors, measures to reduce carbon emissions and advance industrialization.
The energy efficient motor market size is expected to see strong growth in the next few years. It will grow to $61.11 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing industrial automation, the rising need to reduce greenhouse gas emissions, growing awareness regarding sustainability and corporate social responsibility, government initiatives encouraging adoption of energy efficient motors, cost savings and return on investment. Major trends in the forecast period include product innovations, strategic partnerships, and technological advancements.
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Which Market drivers have played a significant role in driving the energy efficient motor market?
The increasing demand for industrial automation is expected to propel the growth of the energy efficient motor market going forward. Industrial automation is the use of control systems, computers, robots, and information technologies to handle various processes and machinery in an industry and replace human labor. Energy-efficient motors in industrial automation enhance overall system efficiency, reduce energy consumption, and contribute to sustainable operations by optimizing power usage and minimizing waste. For instance, in October 2023, according to the International Federation of Robotics, a Germany-based professional non-profit organization, in 2022, the sale of service robots for professional use reached 158,000 units, marking a 48% increase. Therefore, increasing industrial automation is driving the growth of the energy-efficient motor market.
What are the key segments within the energy efficient motor market?
The energy efficient motor market covered in this report is segmented –
1) By Type: Super Premium-IE4, Premium-IE3, High-IE2, Standard-IE1
2) By Application: Pumps, Fans, Compressed Air, Refrigeration, Material Handling, Material Processing
3) By End User: Industrial, Commercial, Residential, Agriculture, Other End Users
Subsegments:
1) By Super Premium-IE4: Synchronous Motors, Asynchronous Motors, Permanent Magnet Motors
2) By Premium-IE3: Induction Motors, Squirrel Cage Motors, Direct Drive Motors
3) By High-IE2: Standard Induction Motors, Wound Rotor Motors, High-Efficiency Squirrel Cage Motors
4) By Standard-IE1: Standard Induction Motors, Open Drip Proof (ODP) Motors, Totally Enclosed Fan Cooled (TEFC) Motors
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Which key players are shaping the energy efficient motor market?
Major companies operating in the energy efficient motor market are Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Johnson Controls Inc., Nidec Corporation, Emerson Electric Company, Rockwell Automation Inc., Microchip Technology Inc., Bosch Rexroth AG, WEG Equipamentos Eletricos SA, Wolong Electric Group Co. Ltd., Havells India Ltd., CG Power and Industrial Solutions Ltd., Crompton Greaves Consumer Electricals Limited, Bharat Bijlee Limited, Marathon Electric India Pvt. Ltd., Elin Electronics Limited, Toshiba International Corporation Pty Ltd., Kirloskar Electric Company Ltd., Brook Crompton Greaves Limited, Integrated Electric Co. Pvt. Ltd., Regal Beloit Corporation, Elektrim Motors, Shanghai Top Motor Co.Ltd., Hoyer Motors, Baldor Electric Company
Which transformative trends will shape the energy efficient motor market landscape?
Major companies operating in the energy efficient motor market are developing innovative solutions, such as gate-driver ICs (Integrated Circuits), to help minimize power dissipation. A gate-driver IC is a power amplifier that accepts a low-power input from a controller IC and produces a high-current drive input for the gate of a high-power switch. For instance, in February 2023, Toshiba Electronic Devices & Storage Corporation, a Japan-based company that develops semiconductor technologies, launched the TB9083FTG gate-driver IC for automotive brushless DC (direct current) motors, which is designed for use in automotive applications such as electric brakes, electric power steering, and shift-by-wire, which aligns with the technology sector’s focus on innovation and technological advancements. This product controls and drives external N-channel power MOSFETs (Metal-Oxide-Semiconductor Field-Effect Transistors) for driving a three-phase brushless DC motor, making it an essential component in the automotive industry’s transition towards electric vehicles.
How do regional factors impact the energy efficient motor market, and which region is the largest contributor?
North America was the largest region in the energy efficient motor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy efficient motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Energy Efficient Motor Market Report 2025 Offer?
The energy efficient motor market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Energy-efficient motors refer to electric motors designed to achieve higher efficiency in converting electrical energy into mechanical power output. These motors are constructed with improved design, materials, and manufacturing techniques, enabling them to accomplish more work per unit of electricity consumed.
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