The applications in the energy efficient motors market vary from one another and have a diversified base in various industrial sectors.. Electric motors may consumenearly 30% to 40% of the global generated electricity. Electric motors are used by the end-users where mechanical energy is required. The basic principle of the electric motors is to convert electrical energy into rotary mechanical energy, which is further converted to give the required energy.
It was estimated by the International Energy Agency (IEA) in the year 2008 that 7% of the electricity consumption could be reduced with the implementation of the energy efficiency standards in the motors. In 2007, under section 313 of Energy Independence and Security Act (EISA),minimum efficiency level standards are raised for universal purpose induction motors of 1 hp to 500 hp power ranges. The standards came into effect from December 2010. Some of the major energy efficiency standards are as follows: Minimum Energy Performance Standard (MEPS), National Electrical Manufacturers Association(NEMA)Energy Policy Act (EPAct)and International standards (IE).
The adoption rate of the energy-efficient motor is continuously increasing in all areas. It is estimated that the penetration rate of the energy efficient motors in the overall motors industry in the year 2012 was around 33%. Low operating cost of the energy-efficient motor is another major reason behind the continuous adoption of the energy efficient-motors. High initial cost is one of the significant barriers for the energy efficient motors market . Electric motors have a mature state in the market; still energy efficient improvements are expected for the electric motors. In the new generation, energy efficient motors copper die cast rotors are used to increase the efficiency as compared to the normal motors. Most of the energy efficient standards are used for the induction motors and for the permanent magnet motors.
Currently, industrial sector is the major end-user for the energy efficient motors market as the motors are used in almost all the industrial processes. Because of the increasing awareness about the energy cost effectiveness and energy crisis problems, energy efficient motors are continuously approved by the manufacturers for the Home appliances, Electric vehicles, Aircrafts and Agricultural equipment. End-users are the final beneficiary of the energy efficient motors than the manufacturers so the end-users emphasis on the quality of the high efficient motor and the manufacturer’s emphasis on the potential life time savings.
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