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.
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 “Growth Opportunities in the 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 [$M shipment analysis for 2013 – 2024]:
• Synchronous
• Asynchronous
By Current Type [$M shipment analysis for 2013 – 2024]:
• Single phase
• Three phase
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
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages 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 visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the energy efficient low horsepower AC motors market by motor type (synchronous, asynchronous), current type (single phase, three phase) , end use industry (consumer, industrial, refrigeration, medical), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?