Research Shows Energy Efficiency Has Become Decisive Factor In Electric Motor Choice
Conducted in June 2024, the research gathered responses from industrial decision-makers across the UK, US, Germany, Italy, France, Australia, UAE, Japan, Thailand, Saudi Arabia, Brazil, South Korea, and India. Respondents represented a range of industries, such as manufacturers of OEM machinery, energy/power, food and beverage, metals, and chemicals. A key finding was that 91 percent of businesses said that energy efficiency now had a critical influence on their choice of electric motors. Furthermore, 94 percent of businesses are either currently investing or planning to invest in sustainability initiatives.“This survey provides a valuable insight into how businesses are prioritizing energy efficiency not just to meet sustainability targets but also to gain measurable financial returns, said Stefan Floeck, Division President IEC Low Voltage Motors, ABB Motion.The role of electric motors in energy efficiencyNearly all businesses (94%) are investing or planning to invest in sustainability and especially energy efficiency.
Most are aware of the role that energy efficient motors can play in achieving their sustainability goals, with 91% saying that this influences their choice. Nearly all businesses also recognize that energy efficient motors can add value to their products and business.An emerging theme throughout the report is that end user businesses place a greater emphasis on sustainability, often due to increased pressure from customers which is reflected through their increased investment in energy efficiency.However, this also translates into what these businesses prioritize when it comes to energy efficient motors, with 88% considering it important that manufacturers can produce an environmental product declaration (EPD). ABB is addressing this development through EcoSolutions, a program designed to provide transparency on the environmental impact of its products across their entire lifecycle, from inception through to disposal.The main barriers preventing businesses from investing in higher efficiency motors are seen as higher upfront costs, concerns around integrating with existing systems and potential disruption in production capacity.
Higher upfront cost is more of a barrier for higher turnover businesses.Cost plays a role as both a barrier and a driver due to the investments required for plant and equipment upgrades. However, 99% of businesses are now tracking the long-term savings as the main return on investment (ROI) from their energy efficiency initiatives.It is important to note that most businesses look at the total cost of ownership (TCO) as the most significant factor when purchasing new electric motors. In fact, over a long lifetime, the cost of an energy-efficient motor is far outweighed by the cost of the electricity to power it.
For an IE6 SynRM, the upfront cost will be around 2 percent of its TCO, maintenance accounts for 1% and the remaining 97% is spent on electricity.But it’s not all about cost. Quality and ability to integrate are also key attributes that businesses look for from a supplier.Businesses are increasing their investment in innovative technologies to benefit from digitalization and E-commerce. What this investment is being spent on is multifaceted, but there is a focus on automation and AI-driven solutions.When looking specifically at the digitalization of electric motors, there is a clear trend for electric motor suppliers to utilize data insights and remote monitoring to improve their service offering.Since many of the respondents are already using E-commerce there is growing interest for its use as a business-to-business service.
Nearly all businesses see some benefit to electric motor procurement through E-commerce, with being able to see a great range of options and easy product comparison coming out on top.
ABB has already deployed E-commerce in 21 countries with the confirmed advantages including speed, flexibility in product selection and ease of configuration, order confirmation and tracking.These findings further strengthen the trend for digitalization with even more reliable and precise solutions delivering operational value and enabling business model transformation.