Latin America Energy Efficient Motors Market Comprehensive Analysis and Forecast 2024 to 2030
Latin America Energy Efficient Motors Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Latin America Energy Efficient Motors Market size is valued at USD 8.82 billion in 2023 & is projected to reach USD 22.46 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.88% during the forecast period, i.e., 2024-30. The Latin America Energy Efficient Motors Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Latin America Energy Efficient Motors Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Latin America Energy Efficient Motors Market drivers, barriers, Latin America Energy Efficient Motors Market Trends, and Key Players in Latin America Energy Efficient Motors Market.
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Latin America Energy Efficient Motors Market Dynamics: 2024-2030
Latin America Energy Efficient Motors Market Driver:
Industrial 4.0 Revolution Amplifying the Market Growth – Industries across Latin America are undergoing significant changes due to the growing government focus on automating the industrial sector. As a result, end-user industries, like Automotive, Aerospace, etc., are adopting mechanical products, like motors & others to streamline their production process. As per the company survey, more than 65% of the industries in the region are opting for high-power products to ease their operational tasks, driving the Latin America Energy Efficient Motors Market.
Additionally, the governing bodies of Latin American countries are easing their corporate laws. As a result, several foreign companies are investing in the region and setting up their manufacturing plants. Based on the Lloyds Bank Trade, the number of greenfield investments in Mexico reached about 482 in 2022, which is an increase of about 28% compared to 2021. The rising allocation of funds to enhance & set up production facilities would continue to enhance the adoption of efficient motors, thus enlarging market growth.
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Latin America Energy Efficient Motors Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Efficiency Class
-IE1- Market Size & Forecast 2019-2030, USD Million
-IE2- Market Size & Forecast 2019-2030, USD Million
-IE3- Market Size & Forecast 2019-2030, USD Million
-IE4- Market Size & Forecast 2019-2030, USD Million
By Motor Type
-DC Motors- Market Size & Forecast 2019-2030, USD Million
-Brushed- Market Size & Forecast 2019-2030, USD Million
-Brushless - Market Size & Forecast 2019-2030, USD Million
-AC Induction Motors - Market Size & Forecast 2019-2030, USD Million
-Synchronous Motors - Market Size & Forecast 2019-2030, USD Million
By Power Rating
-<1 kW- Market Size & Forecast 2019-2030, USD Million
-1-2.2 kW- Market Size & Forecast 2019-2030, USD Million
-2.3 kW-375 kW- Market Size & Forecast 2019-2030, USD Million
->375 kW- Market Size & Forecast 2019-2030, USD Million
By Application
-Power Intensive Appliances
-Pumps- Market Size & Forecast 2019-2030, USD Million
-Compressors- Market Size & Forecast 2019-2030, USD Million
-Industrial Fans and Blowers- Market Size & Forecast 2019-2030, USD Million
-HVAC- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
-Non-Power or Low-Power Intensive Appliances
-Household Appliances- Market Size & Forecast 2019-2030, USD Million
-Refrigerators- Market Size & Forecast 2019-2030, USD Million
-Washing Machines & Dryers- Market Size & Forecast 2019-2030, USD Million
-Vacuum Cleaner- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
By End Users
-Manufacturing Facilities- Market Size & Forecast 2019-2030, USD Million
-Automotive- Market Size & Forecast 2019-2030, USD Million
-Aerospace- Market Size & Forecast 2019-2030, USD Million
-Other Manufacturing Facilities- Market Size & Forecast 2019-2030, USD Million
-Commercial, Residential & Agriculture- Market Size & Forecast 2019-2030, USD Million
-Power Generation- Market Size & Forecast 2019-2030, USD Million
-Transportation- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
By Installation
-One Drip Proof (ODP)- Market Size & Forecast 2019-2030, USD Million
-Totally-Enclosed Fan Cooled (TEFC)- Market Size & Forecast 2019-2030, USD Million
By Demand Type
-New Installation- Market Size & Forecast 2019-2030, USD Million
-Retrofitting- Market Size & Forecast 2019-2030, USD Million
By Country
-Mexico
-Brazil
-Argentina
-Chile
-Colombia
-Rest of Latin America.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Latin America Energy Efficient Motors Market:
ABB, Siemens AG, Potencia Industrial, Cantoni Motor, Regal Rexnord Corporation, Rockwell Automation, Nidec Corporation, Mitsubishi Corporation, Johnson Electric, Franklin Electric, Toshiba Industrial Products and Systems Corporation, Weima Electric (TECO Electric & Machinery Co., Ltd), Others..
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