The low voltage motors market refers to the market for electric motors that operate at a voltage of less than 1000 V. These motors are widely used in a variety of industrial and commercial applications, such as pumps, fans, compressors, and conveyors. The demand for low voltage motors is driven by factors such as the increasing demand for energy efficiency, the growing use of automation in manufacturing, and the need for compact and reliable motor systems. Key players in the market include ABB, Siemens, Nidec Corporation, and WEG Electric Corp. The market is expected to grow in the coming years, driven by the increasing demand for low voltage motors in emerging economies and the growing trend toward electrification in various industries.
Low voltage motors are in high demand in the automotive sector because of the growing ozone layer depletion brought on by greenhouse gas emissions. This is why there is a surge in the market demand for electric cars. Global industrialisation is a major factor driving the expansion of the low voltage motor industry. The increasing growth in infrastructure projects being undertaken by both public and commercial entities has raised demand for low voltage motors. The shift towards electrification in various industries has led to a growing demand for efficient and reliable motor systems, which low voltage motors can provide. Additionally, the trend towards energy efficiency has also driven the demand for low voltage motors, as they are typically more efficient than their high voltage counterparts. The increasing use of automation and digitalization in manufacturing processes has also contributed to the growth of the low voltage motors market, as these systems often require compact and efficient motor systems to support their operations.
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Key findings of the Low Voltage Motors market study:
- The report provides a present market outlook on Low Voltage Motors. Additionally, the Low Voltage Motors market share is anticipated to grow with a CAGR of 6.8% in the forecast period.
- Regional breakdown of the Low Voltage Motors market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Low Voltage Motors vendors in detail.
- Region-wise and country-wise fragmentation of the Low Voltage Motors market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Low Voltage Motors market.
- Low Voltage Motors price, market share, and Trends forecast for assessment period 2021-2031
Key Segments Covered
- Efficiency Class
- IE 1 Low Voltage Motors
- IE 2 Low Voltage Motors
- IE 3 Low Voltage Motors
- IE 4 Low Voltage Motors
- DC Low Voltage Motors
- Others Low Voltage Motors
- Commercial HVAC Low Voltage Motors
- F&B Manufacturing Low Voltage Motors
- Mining Low Voltage Motors
- Utilities Low Voltage Motors
- Other Sectors Low Voltage Motors
- Low Voltage Compressors
- Low Voltage Pumps & Fans
- Low Voltage Conveyors
- Low Voltage Crushers
- Low Voltage Extruders
- Other Applications
- 0.75 – 2.1 kW Low Voltage Motors
- 7.4 kW Low Voltage Motors
- 7.5 – 45 kW Low Voltage Motors
- 46 – 75 kW Low Voltage Motors
- 76 – 110 kW Low Voltage Motors
- 111 – 375 kW Low Voltage Motors
- > 375 kW Low Voltage Motors
What makes this Research different from others?
- COVID- Impact analysis- The report includes details of the impact of the pandemic on the Low Voltage Motors market further including insights on the pre-COVID situation. Additionally, this report benefits in terms of post-COVID recovery prospects, changing consumer demands, and buying patterns valuable for Low Voltage Motors companies.
- Industrial trend analysis- The research covers recent trends in the field of Low Voltage Motors which are augmented with the applicable technologies and shifts in industrial processes. The scope for digital and industrial technologies is discussed in order to help client firms to understand the benefits and risks included in light of market trends.
- Low Voltage Motors Sustainability metrics- The rising concerns of environmentally friendly production and consumption are taken to next level in this research, as research is focused on emerging methods of ensuring sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. Furthermore, details of manufacturers’ impact on carbon footprint are evaluated intend to make clients aware of their contribution to sustainable development goals.
The Low Voltage Motors industry is dominated by some prominent players including
- ABB Ltd.
- Siemens AG
- WEG Industries
- Nidec Corporation
- General Electric Company (GE)
- Toshiba Corporation
- Hyosung Corporation
- Hyundai Heavy Industries Co. Ltd.
- Shangdong Huali Electric Motor Group Co. Ltd.
- Regal Rexnord Corporation
- TECO Electric & Machinery Co. Ltd.
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Low Voltage Motors market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Low Voltage Motors brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- Low Voltage Motors Company & brand share analysis: Company and brand share analysis on Low Voltage Motors reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Low Voltage Motors Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Low Voltage Motors
- Low Voltage Motors Category & segment level analysis: Fact.MR’s Low Voltage Motors sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Low Voltage Motors Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Low Voltage Motors: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments