Drives and Controls Magazine
High-efficiency motor sales head towards $100bn
Published:  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.