Energy Efficient Motor Market by Technology, Performance, Eco-friendly Trends
Companies are choosing eco-friendly solutions for their technologies and processes as knowledge about energy conservation grows.
Energy Efficient Motor Market Overview
The growing need to reduce greenhouse gas emissions is driving the demand for energy-efficient solutions, which will propel the energy efficient motor market forward. Companies are choosing eco-friendly solutions for their technologies and processes as knowledge about energy conservation grows. Energy efficient motors refer to the type of motors that have features with superior materials and improved manufacturing techniques. These motors tend to have higher service factors, lower waste heat output, longer bearing lives, and less vibration. These motors achieve greater efficiency by declining the losses which account for only 3-6% of the energy that generally flows through the motor.
China, as the largest consumer, would set the trend. rise in emphasis on the adoption of green technologies across the globe acts as one of the major factors driving the growth of energy efficient motor market. The enforcement of laws and regulations associated with the environment, such as Environment Protection Act (EP Act), and conservation of non-renewable energy accelerate the market growth. The introduction of VSD that help in optimizing the efficiency of the entire system and adoption of the motors for enhancing production capacity while simultaneously minimizing errors and hazardous environmental effects further influence the market. Additionally, rapid technological advancements, rapid urbanization and increase in adoption owning to the high tolerance for overload conditions positively affect the energy efficient motor market.
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Market Driver By Application
HVAC: The segment holds the largest market share in the global energy efficient motor market. The use of various technologies to control the temperature, humidity, and purity of air in an enclosed environment is known as heating, ventilation, and air conditioning (HVAC).Residential and commercial buildings are heated and cooled using this technology. HVAC systems can be found in a variety of places, from single-family houses to submarines, and they provide environmental comfort.
Fans: The segment is expected to grow with the highest CAGR by the forecast period. A fan is a powered machine used to create a flow of air.To reduce power consumption, energy-efficient fans or power-saving ceiling fans employ a minimum of electrical technology. They are 5-star rated by the Indian agency and only use 50 watts. They have a fine-tuning regulator or an electronic step. BEE standardization in energy rating for ceiling fans resulted in these fans. Even in this scenario, the large manufacturers used the BEE's generous tolerances to get around the problem. To bring out the energy-efficient ceiling fan choice in their repertory, they rehashed the same conventional ceiling fan that had inferior performance in terms of air delivery.
Pumps: A pump is a mechanical device that propels fluids, or sometimes slurries, by converting electrical energy into hydraulic energy. Through the adjustment of pipe sizes, energy can be saved by lowering friction losses. The amount of frictional power required is determined by the flow, pipe size (diameter), overall pipe length, pipe features (surface roughness, material, etc. ), and fluid parameters.
Compressors: A compressor is a mechanical device that increases the pressure of a gas by reducing its volume.Air compressors that use less energy save money in a variety of ways. Compressors (such as rotary screw compressors) achieve efficiency by operating in a very constant, tunable manner, ensuring that only the amount of air required is produced (and that only the required amount of energy is used).
Others: The others segment includes machine tools, turbines, power tools, alternators, rolling mills, ships, movers, and paper mills.
Top Key Players ABB, Siemens, Rockwell, Schneider Electric, Crompton Greaves, Kirloskar Electric Company Ltd., Bosch Rexroth AG, Regal Beloit Corporation, Nidec Motor Corporation, and WEG.
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• Energy Efficient Motor Companies
• Automotive Companies
• Motor Companies
• Research Institutes
• Government Organizations