In Addition to Mitigate Increasing Energy Prices, Cost-Effectiveness, Durability and Low Maintenance Boost the Demand for Energy Efficient Motors in the Coming Years

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A new report from Industry Experts Inc on "Energy Efficient Motors", is unveiled. According to this global market research report, the global market for Energy Efficient Motors is estimated at US$45.6 billion in 2024 and is anticipated to post a CAGR of 8.6% during the 2024-2030 analysis period and stand at a projected US$74.9 billion by 2030.

The worldwide demand for Energy Efficient Motors is expected to clock a robust growth over the analysis period owing to several reasons, including government policies promoting the use of such motors, frequently increasing energy prices requiring their wider use, growing awareness about environmental degradation caused by traditional motors and their greater effectiveness than conventional motors.  These motors enable companies achieve sustainable goals by reducing carbon footprints.

IE4 Super Premium accounts for the largest global market share for Energy Efficient Motors, owing to growing awareness of environmental sustainability & energy conservation, as well as stringent government laws and industry standards mandating the usage of IE4 motors. An increasing number of companies are adopting IE4 motors for increased energy efficiency due to rising energy costs and an increasing focus on operational cost savings.

The market for energy efficient motors is analyzed in this report on a global basis and the key regions covered include North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe),  Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

Energy efficient motors global market analyzed in this report with respect to Product Type – AC Motors and DC Motors; Efficiency Level – IE1, IE2, IE3 and IE4; Application – Compressors, Fans, HVAC (Heating, Ventilation & Air-Conditioning), Pumps and Others (Incl. Material Handling & Material Processing Equipment); End-Use Sector – Aerospace & Defense, Agriculture, Automotive, Building & Construction, Chemical and Pharmaceutical.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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