The global Energy Efficient Low Horsepower AC Motors Market is forecast to grow from USD 4.29 billion in 2018 to USD 7.67 billion by 2028, at a CAGR of 6.0% during the forecast period (2019-2028). The market is driven primarily by increasing demand for energy-efficient motors, which saves up on electricity bills and reduces greenhouse gas emissions.
Energy Efficient Low Horsepower AC Motors are motors that generate power by converting electrical energy into mechanical energy. They operate on alternating current (AC) and typically do not exceed 75 horsepower to 150 horsepower. These types of low-horse-powered devices are popular with people who have a need for light-duty work in small spaces such as, refrigerators, freezers, and air conditioners.
On the basis of type, the global energy efficient low horsepower AC motors market is segmented into synchronous and asynchronous motors.
A synchronous motor is an electric machine that has a stationary stator and rotating rotor. The field of the poles on the stator, which rotates with respect to the earth's magnetic field, creates forces in both directions along its axis by induction. It may be classified as a universal asynchronous servo-motor or linear actuator.
The stator of the rotor consists of a stationary yoke with slots for insertion of conducting teeth that serve as an electrical conductor when supplied current flows in the same direction as the magnetic field so they rotate but do not produce a torque on themselves; and one or more laminated poles on the outer rim of its circumference, which serve to create torque on the rotor.
The stator's yoke and an air gap in between it and the poles provide a magnetic path for current supplied by a brushless DC electric motor controller that is mounted outside the machine casing. The direction of movement depends on whether voltage leads or lags the magnetic field.
The torque produced by the rotor is proportional to the number of poles and can be varied with any combination of two out-of-phase currents or fluxes supplied to segments on opposite sides of a single pole.
Asynchronous motors are usually used singly where variable speed drives to control motor speed as needed for different loads. In round-robin or constant torque load control, the motor is always driven at a much-reduced power level. This reduces losses and can increase the performance of other equipment in the plant.
Asynchronous motors are also used for electric vehicles such as forklifts, golf carts, and battery cars where variable speed drive would be too costly or not needed.
Essentially, any use where variable speed control is unnecessary and high starting torque is important, such as in applications that require a constant load level (constant pressure on the clutch plate), are intermittent duty cycle (windings have to be wound up before operation begins) or need start-up power only once in a while, is a potential use of an asynchronous motor.
On the basis of application, the global energy efficient low horsepower AC motors market is segmented into industrial, consumer, and refrigeration.
Energy-efficient low horsepower AC motors are used in various industrial applications such as refrigeration, manufacturing, and food processing. They can be found across many industries from pharmaceuticals to semiconductors with a wide range of capacities that make them suitable for different types of processes or equipment. The units generally offer high efficiency (ranging between 60% and 95%) and reliability, which makes them preferable.
AC motors are used in numerous types of consumer products. In refrigerators and freezers, they convert electrical energy to mechanical power, which turns the compressor's motor shaft and helps regulate the temperature inside the appliance. Similarly, AC motors can be found in dishwashers where they help operate components like pumps that control water or detergent levels during a cycle. They are also found in clothes washers where they work with the drum and motor to spin water out of clothing, as well as many other appliances like mixers, blenders, or even vacuum cleaners where their strong magnetic field helps create a current within an electric conductor inside the appliance.
The energy-efficient low horsepower AC motors used in refrigeration offer a number of benefits. One such benefit is that they are known to operate at reduced temperatures, which have been found to increase the life and performance of appliances by up to 50%. Moreover, these motors can also be customized for specific requirements as each one is designed according to customer specifications. The advancements in technology have also enabled the development of AC motors that are much quieter than conventional ones.
On the basis of region, the global energy efficient low horsepower AC motors market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America: the region is expected to be a market leader in terms of revenue and growth rate. The increase in demand for low horsepower motors due to stringent environmental policies (e.g., Energy Star) along with increasing adoption by foodservice equipment companies, led by new technologies, drive the demand for AC motors over DC motor counterparts in this region.
Europe: the European energy efficient low horsepower AC motors market accounted for 38% share in 2015 owing to a large industrial base coupled with an increasing number of refrigeration applications that require lower power consumption levels.
Asia Pacific: countries such as India are witnessing significant economic development coupled with high population density boost up their potentials. This factor leads APAC's dominance in this particular segment that accounted for 48% of the total market share in 2015.
Middle East & Africa: this region is witnessing significant growth due to high population density with huge potential. The MEA energy efficient low horsepower AC motors market accounted for a 17% share in 2015, driven by increasing industrialization and implementation of power efficiency norms (e.g., Energy Star) across emerging economies such as Saudi Arabia, Egypt, and UAE.
- Growing need to comply with international standards like Ecolabel and ENERGY STAR.
-compliance with international standards, growing environmental awareness among consumers.
- Some of the key drivers for this market are rising demand for energy-efficient motors, stringent government regulations, and directives on energy conservation in the industrial sector which is leading to a reduction in power consumption by AC Motors. These products have been used extensively across various industries such as consumer, retail, automotive, etc., due to their effectiveness when it comes to reduced operation cost coupled with high-efficiency ratings that meet current requirements.
Up Market Research published a new report titled “Energy Efficient Low Horsepower AC Motors Market research report which is segmented by Types (Synchronous, Asynchronous), By Applications (Consumer, Industrial, Refrigeration, Medica), By Players/Companies Regal Beloit, ABB, Siemens, Crompton Greaves, iTouchless, Honeywell International, Power Efficiency Corporation, Bosch Rexroth, General Electric, Simplehuman, WEG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Energy Efficient Low Horsepower AC Motors Market Research Report|
|By Type||Synchronous, Asynchronous|
|By Application||Consumer, Industrial, Refrigeration, Medica|
|By Companies||Regal Beloit, ABB, Siemens, Crompton Greaves, iTouchless, Honeywell International, Power Efficiency Corporation, Bosch Rexroth, General Electric, Simplehuman, WEG|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||216|
|Number of Tables & Figures||152|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Synchronous, Asynchronous and By Application Consumer, Industrial, Refrigeration, Medica.
Some of the companies that are profiled in this report are:
Energy Efficient Low Horsepower AC Motors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Energy Efficient Low Horsepower AC Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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