According to the new market research report, the "Energy Efficient Low Horsepower AC Motors Market (2013 – 2018): Product (Synchronous, Asynchronous), Current (Single phase, Three-phase), Application (Consumer, Industrial, Refrigeration, Medical), Geography (North America, Europe, APAC, ROW).The global energy efficient low horsepower AC motors market is expected to reach $44.32 billion by 2018, at a CAGR of 11.91% from 2013 to 2018.
The increasing concerns related to energy consumption and emissions are expected to drive the Energy Efficient Low Horsepower AC Motors market. The demand for energy efficient low horsepower AC motors is triggered by the consumer appliance manufacturers. The establishment of ‘energy star ratings for consumer appliances’, has pushed these OEMs to use more energy efficient motors in their products. These manufacturers turn to the motor manufacturers and demand for higher efficient motors. The lack of stringent energy efficient standards for fractional horsepower motors has limited such demand to tier I global manufacturers.
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The report is segmented by application, product and current type, and geography. These segments have been further divided into sub segments. The application segmentcomprises five verticals; namely consumer, industrial, refrigeration, medical, and others. The geography section is divided into major regions;namely North America, Europe, Asia Pacific, and rest of world.The energy efficient low horsepower AC motorsmarket statistics are presented by product types, application, and geography. The market statistics are presented for two broad sections, based on horsepower; fractional horsepower AC motors, and energy efficient 1hp-3hp AC motors.One of the objectives of the research study was to analyze the market trends related to the energy efficient low horsepower AC motors; their major applications and regions and, thereby, the potential markets.
Increasing population over the past years has been raising a number of questions regarding energy shortage and the increasing environmental problems. A large number of studies have acknowledged these problems (also, brought about awareness at various levels); and the process of tackling these issues has begun. With the growing awareness about energy conservation in mind, companies are opting for green solutions for their technologies and processes. By saving energy, energy costs can be saved. Also, through energy-efficient technologies, Carbon Dioxide (CO2) emissions can be considerably reduced, thus providing a healthier environment. This has spurred the establishment of energy efficiency standards for electric motors, which are ubiquitous in their applications. IEC, NEMA and many other standards have been defined for electric motors in industrial and commercial applications.
By Product types -
The overall market has been segmented into two product types, namely synchronous and asynchronous (induction) motors. The segmentation by the current type into single phase and three-phase is also captured in the report.Quantitative data contains revenue for each of the product and current type given in the report.
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By Application -
The report is segmented by the major applications of energy efficient low horse power AC motors, under broad segments like consumer, industrial, refrigeration, medical, and others. These application segments have been further segmented; for instance: consumer application is further segmented into air-conditioners, washing machine, optical disk CD/DVD spindle motors, printers/scanners, electronic toys, fans, PC fans, mixers, and others.
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