REPORT DESCRIPTION
Integral Horse Power Motors are electrical motors which have horse power rating of 1 or above . These motors are highly energy efficient in nature and used across various application areas . The market is expected to grow during the forecast period . The rising global awareness to save energy is driving the market for integral horsepower motors as these motors are highly energy efficient in nature . Furthermore , the industries are using these motors to save on their electrical expenditures and hence reducing their operating costs . The integral horsepower motors are divided in two categories , three phase and single phase integral horse power motors . Each of these types of motors have a wide area of applications such as refrigeration , heating and cooling , air conditioning , swimming pools , industrial applications and commercial HVAC among others . The improving economical conditions in the European regions are expected to the drive the market with the increasing demand for automotives and growing industrial applications . Furthermore , the changing government regulation in Europe and North America markets is encouraging the use of energy efficient motors . In addition , the growing awareness for alternate sources of energy such as water and waste water is also spurring the growth of integral horsepower motors . These factors are driving the growth for this market .
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However , the higher initial cost of installing these motors is acting as a major barrier in the growth of this market . The market is expected to witness growth during the forecast period due to the presence of developing regions such as India and China . The ongoing industrialization in these regions will act as an opportunity for the integral horsepower motors market . Furthermore , the schemes initiated by governments to encourage the companies to upgrade their motors for higher efficiency will also act as an opportunity for the integral horsepower motors market .