PUBLISHER: Polaris Market Research | PRODUCT CODE: 1807660
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1807660
The energy-efficient motors market size is expected to reach USD 100.41 Billion by 2034, according to a new study by Polaris Market Research. The report "Energy Efficient Motor Market Size, Share, Trends, Industry Analysis Report By Efficiency Level, By Product Type (AC Motor and DC Motor), By Application, By End-User, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Energy-efficient motors are increasingly adopted across industries due to superior performance with lower energy consumption, reduced operational costs, and extended equipment lifespan while meeting stringent energy efficiency standards.
The market is expanding significantly due to the rising emphasis on sustainability and energy conservation, growing deployment in industrial machinery, HVAC systems, and electric vehicles, and continuous technological advancements that enhance efficiency, durability, and compliance with global regulatory frameworks.
Based on efficiency level, the IE3 segment dominated the market in 2024, driven by its mandatory adoption across industrialized economies, favorable government regulations, and proven capability to deliver energy savings in heavy-duty applications.
Based on product type, AC motors held the largest share in 2024, attributed to its durability, lower maintenance requirements, and widespread integration into industrial machinery, transportation systems, and commercial equipment.
In terms of application, pumps accounted for a significant market share in 2024, owing to its essential role in water supply, water and wastewater treatment equipment, and process industries that demand reliable and energy-efficient motor solutions.
The industrial segment emerged as the leading end-user in 2024, supported by the growing emphasis on meeting stringent energy efficiency mandates, reducing operational costs, and achieving sustainability objectives.
North America captured a substantial share in 2024, attributed to strict enforcement of motor efficiency standards by regulatory bodies such as the U.S. Department of Energy (DOE) and Natural Resources Canada.
Asia Pacific is projected to record the fastest CAGR during the forecast period, fueled by rapid industrialization, urbanization, and infrastructure development across China, India, and Southeast Asia.
Key players in the global market include ABB Ltd., American Electric Technologies, Inc., Carborundum Universal Limited, Crompton Greaves Consumer Electricals Limited, General Electric Company, Havells India Limited, Johnson Electric Holdings Limited, Kirloskar Electric Company Limited, Mitsubishi Electric Corporation, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation, Inc., Siemens AG, The Tata Power Company Limited, and Toshiba Corporation.
Polaris Market Research has segmented the market report based on efficiency level, product type, application, end-user, and region:
By Efficiency Level Outlook (Revenue, USD Billion, 2020-2034)
IE1 (Standard Efficiency)
IE2 (High Efficiency)
IE3 (Premium Efficiency)
IE4 (Super Premium Efficiency)
By Product Type Outlook (Revenue, USD Billion, 2020-2034)
AC Motor
DC Motor
By Application Outlook (Revenue, USD Billion, 2020-2034)
Pumps
Fans
Compressor
Refrigeration
Material Handling
Material Processing
Others
By End-User Outlook (Revenue, USD Billion, 2020-2034)
Residential
Commercial
Industrial
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America