Formulation of New Policies will Likely to Surge Demand for Energy Efficient Motors.
Industrial Motors are machineswhich converts electrical energy into mechanical energy. The motors have applications in various industries such as aerospace, defense, construction, oil & gas and manufacturing among others. Since past few years, Industrial motors have witnessed several developments such as control of motors by electronic communication, vector control and magnetic circuits and others. These advanced technologies in industrial motors help in facilitating the demand further. The market is also being driven the increasing use of motors replacing turbines in most of industries. Usage of motors generally reduces the maintenance cost and improves the efficiency of plant processes.
Since the year 1995, the applications of energy efficient industrial motors have gained significant traction in industries. By international standards motors have been classified based on their efficiencies levels into IE1, IE2, IE3 and IE4 motors. These standards are widely adopted in the industry and are the key platforms aimed at increasing the use of more efficient motors. New policies with respect to motor efficiencies have been formulated in response to new technologies. North American region has increased the adoption of IE3 as minimum energy performance standard level where as Europe is estimated to formulate a similar policy from 2017.
The global sales of energy efficient industrial motors have been increasing over 20 years. The implementation of IE3 in USA, Canada and Mexico and the announcement of IE3 implementation in Europe from 2017 has led to growth in sales of energy efficient motors further. It is estimated that motors contributed to 65% of global electricity consumption, and majority of this consumption is primarily from Europe and Asia and remaining 35% from Americas and RoW.
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