The global site of the UK's leading magazine for automation, motion engineering and power transmission
29 March, 2024

LinkedIn
Twitter
Twitter link

High-efficiency motor sales head towards $100bn

29 March, 2013

The global market for high-efficiency motors will almost triple from $31.79bn in 2012 to $91.46bn by 2018, according to a new report from the analyst MarketsandMarkets. It predicts that revenues will expand at a CAGR of 19.67% between 2013 and 2018.

The main factors driving the market are the potential cost savings, the availability of government funding for energy-efficient systems, and increasing pressure to cut greenhouse gas emissions. Restraining factors include the high purchase costs of the high-efficiency motors, and a lack of information.

North America is the biggest market for high-efficiency motors, followed by the Asia-Pacific region and Europe. Asia-Pacific is expected to be the fastest-growing region during the survey period.




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

     

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles