Electric motors have many applications in residential, commercial and industrial settings. Due to their widespread use, motors represent over 45% of global electricity consumption. Industry associations like NEMA and IEC are aware of this, and they are constantly working on standards to improve motor efficiency.
As of August 2019, NEMA has three motor efficiency classes: Standard Efficiency, Energy Efficient and Premium Efficiency. On the other hand, IEC has four classes: IE1, IE2, IE3 and IE4. The first three classes under IEC standards are roughly equivalent to the three NEMA classes, while the IE4 class is called Super Premium Efficiency. These efficiency classes are specified in the IEC 60034-30-1 standard, and the latest version was published in 2014.