Energy Efficient Low Horsepower AC Motors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

As global awareness of environmental issues increases, the focus on reducing energy consumption and carbon emissions has intensified. Energy-efficient motors, designed to use less energy than standard motors, play a significant role in this movement.With market values projected to reach $78.78 billion in 2024 and $134.6 billion by 2031, the sector is set to grow at a compound annual growth rate (CAGR) of 8.00%. These motors are not only environmentally friendly but also economically beneficial due to their lower operating costs, making them particularly valuable in energy-intensive industries like manufacturing and agriculture.

Key Drivers of Energy Efficient Motors

The use of energy-efficient motors can significantly reduce the carbon footprint of the equipment they power. They achieve this by operating more efficiently, thus consuming less energy. This efficiency translates directly into lower operational costs, which is a crucial advantage for industries where electricity represents a substantial expense.

Governments worldwide are encouraging the adoption of energy-efficient motors through various regulations. For instance, the European Union's Ecodesign Directive sets stringent energy efficiency standards for a wide range of equipment, including motors. Such regulations are pushing industries towards more sustainable practices.

Technological advancements have also made it possible to produce highly efficient motors that do not compromise on performance. These motors are constructed with high-quality materials and improved designs, leading to a longer lifespan and reduced maintenance needs. Consequently, they are becoming an increasingly attractive option for various applications.

Benefits of Energy-Efficient Motors

Energy-efficient motors offer numerous benefits, including better performance compared to standard motors. They can provide higher torque, better speed control, and improved accuracy, enhancing productivity and efficiency for businesses. Additionally, they help in reducing carbon emissions and other pollutants associated with energy production, thus improving air quality and reducing environmental impact.

These motors are designed to run cooler and quieter, which further extends their life and reduces the need for maintenance. The improved design and materials used in these motors contribute to their durability and reliability, making them a cost-effective solution in the long run.

Market Growth and Trends

The global market for energy-efficient low horsepower AC motors has shown substantial growth. These motors are essential in various low-power applications, including fans, pumps, compressors, and other machinery that operate at 1 horsepower (HP) or less. Their low operating costs and high efficiency make them a preferred choice for both consumers and businesses looking to reduce energy expenses.

Recent advancements in motor design and control systems have resulted in smaller, lighter, and more reliable motors. These technological improvements have made energy-efficient motors indispensable in industries that demand automation. Household appliances, such as air conditioning units, washing machines, and fans, extensively use these motors to achieve optimal performance with minimal energy consumption.

Regional Insights

In the USA, there is a high demand for energy-efficient low horsepower AC motors, particularly in air conditioning units. These motors are crucial in reducing energy consumption while maintaining performance. The increasing sales of air conditioning units in the country have driven the demand for these motors.

The United Kingdom also exhibits significant growth in the use of energy-efficient low horsepower AC motors, especially in CCTV cameras. These motors help control the tilt, pan, and zoom functions of cameras while consuming less power. The rising adoption of CCTV cameras for security purposes is expected to boost the market further.

China, known for its extensive use of CCTV cameras, has also shown considerable growth in the energy-efficient low horsepower AC motors market. The high number of CCTV installations in the country drives the demand for efficient motors to ensure optimal functioning of surveillance systems.

Market Segmentation

By type, synchronous motors are projected to witness significant growth due to their steady operation synchronized with the power source frequency. These motors are commonly used in industrial applications requiring precise speed control, such as compressors, pumps, and fans. Their high efficiency and ability to run at partial loads make them highly desirable in various sectors, including HVAC systems.

In terms of applications, the consumer segment is expected to dominate the market. Low horsepower AC motors are cost-effective and quieter, making them ideal for household appliances like fans, air conditioners, and refrigerators. These motors' low manufacturing costs and efficient operation at low speeds are significant advantages for consumers.

Competitive Analysis

Manufacturers of low horsepower AC motors employ strategies like competitive pricing to attract more customers. The growing interest in energy-efficient products has led to increased sales of these motors, as they help consumers save on electricity bills and reduce their environmental impact.

Recent developments in the market include Siemens AG's acquisition of C&S Electronics in India to expand its product offerings. ABB Ltd has also introduced a new synchronous reluctance motor with an IE 5 rating, which offers lower energy losses compared to previous models.

Key Companies Profiled

ABB Ltd
Bosch Rexroth AG
Crompton Greaves
Emerson Electric Co
General Electric
Honeywell International Inc.
Johnson Electric
Kirloskar Electric Company
Mitsubishi Electric Corporation
Schneider Electric S.A.
Siemens AG
Toshiba Corporation
AoFrio

Outlook by Category

By Type:

Synchronous Motors
Asynchronous Motors

By Application:

Consumer Applications
Industrial Applications
Medical
Refrigeration

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Energy Efficient Low Horsepower AC Motors Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Price Analysis, 2019 - 2023

3.1. Global Average Price Analysis, by Product Type, US$ Per Unit, 2019 - 2023
3.2. Prominent Factor Affecting Energy Efficient Low Horsepower AC Motors Prices
3.3. Global Average Price Analysis, by Region, US$ Per Unit

4. Global Energy Efficient Low Horsepower AC Motors Market Outlook, 2019 - 2031

4.1. Global Energy Efficient Low Horsepower AC Motors Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Synchronous Motors
  - 4.1.1.2. Asynchronous Motors
4.2. Global Energy Efficient Low Horsepower AC Motors Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Consumer Applications
  - 4.2.1.2. Industrial Applications
  - 4.2.1.3. Medical
  - 4.2.1.4. Refrigeration
4.3. Global Energy Efficient Low Horsepower AC Motors Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. Asia Pacific
  - 4.3.1.4. Latin America
  - 4.3.1.5. Middle East & Africa

5. North America Energy Efficient Low Horsepower AC Motors Market Outlook, 2019 - 2031

5.1. North America Energy Efficient Low Horsepower AC Motors Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Synchronous Motors
  - 5.1.1.2. Asynchronous Motors
5.2. North America Energy Efficient Low Horsepower AC Motors Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Consumer Applications
  - 5.2.1.2. Industrial Applications
  - 5.2.1.3. Medical
  - 5.2.1.4. Refrigeration
5.3. North America Energy Efficient Low Horsepower AC Motors Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.3.1.2. U.S. Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.3.1.3. Canada Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.3.1.4. Canada Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031

6. Europe Energy Efficient Low Horsepower AC Motors Market Outlook, 2019 - 2031

6.1. Europe Energy Efficient Low Horsepower AC Motors Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Synchronous Motors
  - 6.1.1.2. Asynchronous Motors
6.2. Europe Energy Efficient Low Horsepower AC Motors Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Consumer Applications
  - 6.2.1.2. Industrial Applications
  - 6.2.1.3. Medical
  - 6.2.1.4. Refrigeration
- 6.2.2. Attractiveness Analysis
6.3. Europe Energy Efficient Low Horsepower AC Motors Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.2. Germany Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.3. U.K. Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.4. U.K. Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.5. France Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.6. France Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.7. Italy Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.8. Italy Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.9. Turkey Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.10. Turkey Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.11. Russia Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.12. Russia Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.13. Rest of Europe Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.14. Rest of Europe Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031

7. Asia Pacific Energy Efficient Low Horsepower AC Motors Market Outlook, 2019 - 2031

7.1. Asia Pacific Energy Efficient Low Horsepower AC Motors Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Synchronous Motors
  - 7.1.1.2. Asynchronous Motors
7.2. Asia Pacific Energy Efficient Low Horsepower AC Motors Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Consumer Applications
  - 7.2.1.2. Industrial Applications
  - 7.2.1.3. Medical
  - 7.2.1.4. Refrigeration
7.3. Asia Pacific Energy Efficient Low Horsepower AC Motors Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. China Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.2. China Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.3. Japan Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.4. Japan Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.5. South Korea Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.6. South Korea Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.7. India Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.8. India Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.9. Southeast Asia Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.10. Southeast Asia Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.11. Rest of Asia Pacific Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.12. Rest of Asia Pacific Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031

8. Latin America Energy Efficient Low Horsepower AC Motors Market Outlook, 2019 - 2031

8.1. Latin America Energy Efficient Low Horsepower AC Motors Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Synchronous Motors
  - 8.1.1.2. Asynchronous Motors
8.2. Latin America Energy Efficient Low Horsepower AC Motors Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Consumer Applications
  - 8.2.1.2. Industrial Applications
  - 8.2.1.3. Medical
  - 8.2.1.4. Refrigeration
8.3. Latin America Energy Efficient Low Horsepower AC Motors Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Brazil Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.2. Brazil Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.3. Mexico Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.4. Mexico Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.5. Argentina Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.6. Argentina Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.7. Rest of Latin America Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.8. Rest of Latin America Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031

9. Middle East & Africa Energy Efficient Low Horsepower AC Motors Market Outlook, 2019 - 2031

9.1. Middle East & Africa Energy Efficient Low Horsepower AC Motors Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Synchronous Motors
  - 9.1.1.2. Asynchronous Motors
9.2. Middle East & Africa Energy Efficient Low Horsepower AC Motors Market Outlook, by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Consumer Applications
  - 9.2.1.2. Industrial Applications
  - 9.2.1.3. Medical
  - 9.2.1.4. Refrigeration
9.3. Middle East & Africa Energy Efficient Low Horsepower AC Motors Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. GCC Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.2. GCC Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.3. South Africa Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.4. South Africa Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.5. Egypt Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.6. Egypt Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.7. Nigeria Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.8. Nigeria Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.9. Rest of Middle East & Africa Energy Efficient Low Horsepower AC Motors Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.10. Rest of Middle East & Africa Energy Efficient Low Horsepower AC Motors Market by Application, Value (US$ Bn) and Volume (Units), 2019 - 2031

10. Competitive Landscape

10.1. By Product Type vs by Application Heatmap
10.2. Company Market Share Analysis, 2024
10.3. Competitive Dashboard
10.4. Company Profiles
- 10.4.1. Abnova Corporation
  - 10.4.1.1. Company Overview
  - 10.4.1.2. Product Portfolio
  - 10.4.1.3. Financial Overview
  - 10.4.1.4. Business Strategies and Development
- 10.4.2. ABB Ltd
  - 10.4.2.1. Company Overview
  - 10.4.2.2. Product Portfolio
  - 10.4.2.3. Financial Overview
  - 10.4.2.4. Business Strategies and Development
- 10.4.3. Bosch Rexroth AG
  - 10.4.3.1. Company Overview
  - 10.4.3.2. Product Portfolio
  - 10.4.3.3. Financial Overview
  - 10.4.3.4. Business Strategies and Development
- 10.4.4. Crompton Greaves
  - 10.4.4.1. Company Overview
  - 10.4.4.2. Product Portfolio
  - 10.4.4.3. Financial Overview
  - 10.4.4.4. Business Strategies and Development
- 10.4.5. Emerson Electric Co
  - 10.4.5.1. Company Overview
  - 10.4.5.2. Product Portfolio
  - 10.4.5.3. Financial Overview
  - 10.4.5.4. Business Strategies and Development
- 10.4.6. General Electric
  - 10.4.6.1. Company Overview
  - 10.4.6.2. Product Portfolio
  - 10.4.6.3. Financial Overview
  - 10.4.6.4. Business Strategies and Development
- 10.4.7. Honeywell International Inc
  - 10.4.7.1. Company Overview
  - 10.4.7.2. Product Portfolio
  - 10.4.7.3. Financial Overview
  - 10.4.7.4. Business Strategies and Development
- 10.4.8. Johnson Electric
  - 10.4.8.1. Company Overview
  - 10.4.8.2. Product Portfolio
  - 10.4.8.3. Financial Overview
  - 10.4.8.4. Business Strategies and Development
- 10.4.9. Kirloskar Electric Company
  - 10.4.9.1. Company Overview
  - 10.4.9.2. Product Portfolio
  - 10.4.9.3. Financial Overview
  - 10.4.9.4. Business Strategies and Development
- 10.4.10. Mitsubishi Electric Corporation
  - 10.4.10.1. Company Overview
  - 10.4.10.2. Product Portfolio
  - 10.4.10.3. Financial Overview
  - 10.4.10.4. Business Strategies and Development
- 10.4.11. Schneider Electric S.A.
  - 10.4.11.1. Company Overview
  - 10.4.11.2. Product Portfolio
  - 10.4.11.3. Financial Overview
  - 10.4.11.4. Business Strategies and Development
- 10.4.12. Siemens AG
  - 10.4.12.1. Company Overview
  - 10.4.12.2. Product Portfolio
  - 10.4.12.3. Financial Overview
  - 10.4.12.4. Business Strategies and Development
- 10.4.13. Toshiba Corporation
  - 10.4.13.1. Company Overview
  - 10.4.13.2. Product Portfolio
  - 10.4.13.3. Financial Overview
  - 10.4.13.4. Business Strategies and Development
- 10.4.14. AoFrio
  - 10.4.14.1. Company Overview
  - 10.4.14.2. Product Portfolio
  - 10.4.14.3. Financial Overview
  - 10.4.14.4. Business Strategies and Development

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations