According to a new market report by Lucintel, the future of the energy-efficient low horsepower AC motor market looks promising with opportunities in the consumer, industrial, refrigeration, and medical industries. The energy-efficient low horsepower AC motor market is expected to grow with a CAGR of 11% from 2019 to 2024. The major drivers for this market are increasing demand for energy-efficient products, increasing concern over GHG emission, and growth in industrial production in the emerging countries.
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In this market, synchronous and asynchronousare low horsepower AC motor are used in industrial, consumer, refrigeration, and medical industries. Lucintel forecasts that industrial will remain the largest end-use segment over the forecast period due to the increasing industrial production in the emerging economies.
Within this market, single phase and three-phase are the current types of the energy-efficient low horsepower AC motor market. Lucintel forecasts that three phase will remain the largest segment over the forecast period.
Asia Pacific will remain the largest region over the forecast period due to the economic expansion and continuous pressure to reduce operating cost.
ABB, Bosch Rexroth, Crompton Greaves, Emerson Electric, General Electric, Honeywell International, Johnson Electric, Kirloskar Electric Company, Leeson Electric Corporation, Magnetek, Inc. are among the major manufacturers of energy-efficient low horsepower AC motors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the energy energy-efficient low horsepower AC motor market by motor type, current type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Energy Efficient Low Horsepower AC Motors Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the energy-efficient low horsepower AC motor market by motor type, current type, end use industry, and region as follows:
By Motor Type [$M shipment analysis for 2013 – 2024]:
By Current Type [$M shipment analysis for 2013 – 2024]:
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Consumer
Industrial
Refrigeration
Medical
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/energy-efficient-low-horsepower-ac-motors-market.aspx or helpdesk@lucintel.com.
About Lucintel
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