Energy Efficient Low Horsepower AC Motors Market

Energy Efficient Low Horsepower AC Motors Market Outlook (2022 to 2032)

The Global Energy Efficient Low Horsepower AC Motors Market size was US$ 67.8 billion in 2022. It is anticipated to exhibit growth at a CAGR of 8.1% from 2022 to 2032. A valuation of US$ 147.6 billion is projected to be surpassed by the market in 2032.

As the world becomes more environmentally conscious, there is a rising emphasis on reducing energy consumption and carbon emissions. Energy-efficient motors use less energy to operate, which reduces the overall carbon footprint of the equipment they power.

Energy-efficient motors are designed to use less energy than standard motors, which translates into low operating costs. It is particularly important for industries with high energy demand, such as manufacturing and agriculture, where the cost of electricity can be a significant expense.

Several governments around the world are implementing regulations to encourage the use of energy-efficient motors. For example, the European Union (EU) has implemented the Ecodesign Directive. It sets energy efficiency standards for various types of equipment, including motors.

Advancements in motor design and technology have made it possible to produce highly efficient motors that use less energy without sacrificing performance. It has further made energy-efficient motors a highly attractive option for numerous applications.

Energy-efficient motors are often built with high-quality materials and better design, which can result in a long lifespan compared to standard motors. It can further reduce costs by minimizing the need for maintenance and replacement.

Energy-efficient motors are often designed to provide better performance, as compared to standard motors. They can offer higher torque, better speed control, and improved accuracy, which can result in increasing productivity and efficiency for businesses.

Using energy-efficient motors can help to reduce carbon emissions and other pollutants associated with energy production. It can help to improve air quality and reduce the overall environmental impact of a business or operation.

How Will Sales of Energy Efficient Low Horsepower AC Motors between 2017 and 2021 Outpace Demand from 2022 to 2032?

The global energy efficient low horsepower AC motors market exhibited a CAGR of about 11.3% in the historical period. It is set to showcase considerable growth at a CAGR of 8.1% from 2022 to 2032.

In comparison to conventional motors, the energy-efficient motor uses less energy, runs cooler, and lasts longer. The motor is 2 to 6% more efficient and has more metal copper coils than a typical motor.

It performs at a reduced temperature, makes less noise & vibration, and increases life of the motor while requiring less upkeep. It can be applied to different sectors, such as those that make blowers, industrial machinery, paper, fabrics, and cement.

Improved manufacturing processes and superior materials used in these motors would lead to increased dependability and extended component lifespan. It can also result in high service elements, decreased waste heat output, and reduced vibration. By reducing losses, which make up only 3 to 6% of the electricity passing through the motor, they raise efficiency.

Top Energy Efficient Low Horsepower AC Motors Market Trends Listed by Persistence Market Research (PMR)

• Low-horsepower AC motors that are energy efficient are electric motors with the same output power as standard motors, but use less power overall.
• These motors are frequently used in low-power machineries such as fans, pumps, compressors, and other applications with a power rating of 1 horsepower (HP) or less.
• Low-horsepower AC motors that are energy efficient are made to use less energy and have low operating costs.
• It makes them a desirable option for consumers and businesses looking to reduce their energy costs.
• These motors typically employ cutting-edge technology to increase efficiency and lower energy consumption such as better insulation, magnetic circuits that are optimized, and better bearings.
• Energy-efficient motors can offer significant cost savings over their lifespan.
• Motor design and control system advancements have enabled the production of highly efficient low-horsepower AC motors.
• These technological advances have resulted in motors being smaller, lighter, and more reliable than earlier models.
• Energy-efficient motors have become increasingly necessary due to rising demand for automation across several industries.
• Numerous appliances such as air conditioning units, washing machines, fans, compressors, and robots utilize energy efficient low horsepower AC motors.
• It is projected that around 5 billion units of household appliances will be sold by 2028.
• Energy efficient low horsepower AC motors are widely used in household appliances to provide optimum performance with low energy consumption.
• Rising demand for home appliances around the world is projected to expand energy-efficient low horsepower AC motor demand during the assessment period.

Country-wise Insights:

Is the USA Showcasing High Demand for Energy Efficient Low Horsepower AC Motor Controllers?

The USA energy efficient low horsepower AC motors market is expected to be worth US$ 46.3 billion by 2032. It is set to create an absolute dollar opportunity of US$ 22.6 billion till 2032.

The USA market witnessed growth at a CAGR of 9.7% from 2017 to 2021. It is set to elevate at a CAGR of 6.9% from 2022 to 2032.

One of the prominent applications of energy-efficient low horsepower AC motors is in air conditioning units. There, it is utilized to operate the fan that circulates the air from the unit. By using energy efficient low horsepower AC motors, energy consumption is reduced significantly while providing the same performance.

There were around 5.4 million units of air conditioners sold in the USA in 2018. It rose to around 6.2 million units of air conditioners in 2021. With increasing demand for air conditioners in the country, demand for energy-efficient low horsepower AC motors is also projected to increase.

Would the United Kingdom Exhibit Increasing Sales of Low-voltage Electric Motors?

The United Kingdom energy efficient low horsepower AC motors market is likely to be worth US$ 6.9 billion by 2032. It is projected to create an incremental opportunity of US$ 3.5 billion till 2032.

The United Kingdom market exhibited growth at a CAGR of 10.1% from 2017 to 2021. It is expected to broaden at a CAGR of 7.3% in the next ten years.

Energy efficient low horsepower AC motors are being used in CCTV cameras. These motors help to control the tilt, pan, and zoom functions of CCTV cameras.

These low horsepower AC motors are designed to operate at high efficiency while consuming low amounts of power. It further helps in reducing the operating costs.

In 2020, there were around 5.2 million CCTV cameras in the country. With rising adoption of CCTV cameras in the country by businesses and private individuals to secure their property, energy efficient low horsepower AC motors sales are projected to increase.

Would China be a Significant AC Induction and Geared Motor Manufacturing Hub?

China energy efficient low horsepower AC motors market is expected to be worth US$ 12.6 billion by 2032. It is likely to create an absolute dollar growth of US$ 7.3 billion till 2033.

China market showcased decent growth at a CAGR of 12.8% from 2017 to 2021. It is expected to accelerate at a CAGR of 9.1% from 2022 to 2032.

China has a significant number of CCTV cameras installed in the world. There were around 540 million CCTV cameras installed in the country in 2022.

Energy-efficient low horsepower AC motors are utilized for efficient functioning of cameras. Rising adoption of CCTV cameras in the country for surveillance is projected to increase demand for energy-efficient low horsepower AC motors by 2032.

Category-wise Insights

Which Type of Energy Efficient Low RPM AC Motors would Gain Impetus?

Synchronous motors are projected to witness significant growth in the estimated period. The segment showcased growth at a CAGR of 11.0% from 2017 to 2021. It is expected to escalate at a CAGR of 8.0% from 2022 to 2032.

Synchronous motors are a particular kind of AC motor that operates at a steady pace. It is synchronized with the frequency of the power source. They are commonly utilized in settings that require accurate regulation of speed such as in various industrial applications, including compressors, pumps, and fans.

Heating ventilation and air conditioning (HVAC) systems make use of synchronous motors to power fans and other parts. Due to their high efficiency and capacity to run at partial loads, demand for synchronous motors is projected to increase in the next ten years.

Which is the Leading Application of Energy Efficient Low Horsepower AC Motors?

The consumer application segment is likely to dominate the global energy efficient low horsepower AC motors market in the assessment period. It is projected to witness prominent growth at a CAGR of 10.7% from 2017 to 2021. It is expected to bolster at a CAGR of 7.9% from 2022 to 2032.

Low horsepower AC motors are less expensive to manufacture than high horsepower motors. This makes them a cost-effective option for consumers who need to power appliances such as fans, air conditioners, and refrigerators.

Low horsepower AC motors typically operate at low speeds, which makes them quieter than high horsepower motors. It can be beneficial for consumers who want to minimize noise levels in their homes.

Competitive Landscape

One of the most effective strategies used by low horsepower AC motor manufacturers is to offer competitive pricing. By keeping the prices low, manufacturers can attract more customers and increase sales.

Consumers are increasingly interested in energy-efficient products that can help them save money on their electricity bills. Low horsepower AC motor manufacturers can increase sales by offering energy-efficient motors that use less energy and are more environmentally friendly.

A few recent developments in the energy efficient low horsepower AC motors market are:

• In March 2021, Siemens AG announced that it had completed the acquisition of C&S Electronics in India. With this acquisition, the company aims to increase its presence and expand its product offering for its clients in the country.
• In March 2022, ABB Ltd launched its synchronous reluctance (SynRM) motor with IE 5 rating. It can offer lower energy losses than the previous models.

Scope of the Report

Energy-Efficient Low Horsepower AC Motors Market Outlook by Category

By Type:

• Synchronous Motors
• Asynchronous Motors

By Application:

• Consumer Applications
• Industrial Applications
• Medical
• Refrigeration

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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