The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Latin America Energy Efficient Motors Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Latin America Energy Efficient Motors Industry (2024-2030):

According to the latest report, 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 report demonstrates the prominent factors propelling the exponential growth of the Latin America Energy Efficient Motors industry.

Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2019-22
• Base Year: 2023
• Forecast Period: 2024-30
• CAGR (2024-30): 10.88%
• Market Value In 2023: USD 8.82 Billion
• Market Value By 2030: USD 22.46 Billion

What are the major Driver the Latin America Energy Efficient Motors industry?

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 Segmentation

The Latin America Energy Efficient Motors Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• 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

As per the regional aspect, the Latin America Energy Efficient Motors Market is expected to be dominated by Latin America by capturing the potential market share.

Explore further details about this research report - https://www.marknteladvisors.com/research-library/latin-america-energy-efficient-motors-market.html

Top Companies 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.

Latin America Energy Efficient Motors Industry Recent Development:

2024 Year: ABB launched energy-efficient motors & inverter package for electric buses. Along with this, the company also introduced IE4 premium motors for different industry verticals.

2024 Year: Siemens AG introduced super-efficiency (IE4) motors that operate even in low voltage.

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