Fact.MR, in a recently published market study, highlights the important factors that are expected to shape the growth of the Low Voltage Motors Market over the forecast period 2017 to 2022. The current trends, market drivers, opportunities, and restraints are thoroughly evaluated to provide a clear understanding of the current market landscape and the course the Low Voltage Motors Market is likely to take over the upcoming decade.
According to the report, the Low Voltage Motors Market is slated to register a CAGR growth of ~XX% through the considered assessment period owing to several key factors including growing investments in the Low Voltage Motors space, rise in the number of research and development projects, favorable regulatory policies and more. The analysts at Fact.MR deploy present-day research techniques while curating the market study and gather data from credible and trusted primary and secondary sources.
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Important doubts pertaining to the Low Voltage Motors market addressed in the report:
- What are the different micro and macro-economic factors that are expected to influence the growth of the Low Voltage Motors Market?
- Why is the market attractiveness of region 2 higher than region 3?
- What are the latest developments in the Low Voltage Motors Market?
- What is the key trend that can be observed in the current Low Voltage Motors Market landscape?
- How are market players adapting to evolving regulatory policies?
What value does the Low Voltage Motors Market study add to our client’s business needs?
- Intricate and detailed analysis of the various market segments and sub-segments
- Detailed assessment of the competitive landscape of the Low Voltage Motors Market
- Information related to recent product innovations, technological advances, and more
- Scope for market growth in different regional markets
- Key insights related to the impact of government policies on the Low Voltage Motors Market worldwide
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- In March 2019, ABB, a leading player in low voltage motors market won a contract to supply a comprehensive power and propulsion package for the construction of China’s first home-built cruise ship. The 323-meter vessel will feature ABB’s Azipod® steerable propulsion systems and due for delivery in 2023.
- In March 2019, Siemens AG and State Power Investment Corporation Limited (SPIC) signed a strategic partnership agreement to expand their cooperation in power generation in addition to previously agreed technology collaboration between the company and China’ s United Heavy-duty Gas Turbine Company (UGTC).
- WEG introduced a new line of motors in March 2019, specifically designed for mining and cement industries which require reliable and tough machinery. According to company, the ‘M Mining’ motors incorporate a brand new system of brushes and slip rings along with special features, enabling them to work under severe and harsh area applications.
Other leading players participating in the low voltage motors market include TECO E&M, Shangdong Huali, Hyosung Corporation, GE, Regal Beloit, Hyundai Heavy Industries, TOSHIBA, Nidec Corporation, Leroy Somer, LEZ Ruselprom, and Fuji Electrics.
Note: The Fact.MR study offers compelling insights into the competitive landscape of the global low voltage motors market, get a sample of the report.
IE4 Premium Motors to Gain Speedy Momentum in Low Voltage Motors Market
Although IE2 efficiency class motors continue to lead the low voltage motors market, IE4 premium motors are likely to gain robust adoption, owing to their high efficiency. These class of motors are marketed as “Supreme Premium Efficiency” motors to industrial machinery market. IE4 motors offer number of advantages to end-use industries including lower operating temperatures, longer service life, and high energy savings which help reduce greenhouse gas of CO2 emissions.
F&B manufacturing sector is estimated to emerge as fastest growing segment, registering the highest CAGR in low voltage motors market during 2017-2022 period. Further, commercial HVAC and other sectors will continue to complement the growth of low voltage motors market, with both representing a significantly high revenue share.
The recent report published by Fact.MR on low voltage motors market is a result of a thorough and extensive research methodology. The actionable and detailed insights into global low voltage motors market are obtained through a two-step research process involving primary as well as secondary resources. The secondary research was conducted by particularly studying trade journals, paid resources, and other associated publications relevant to low voltage motors market. The primary research, on the other hand, involved interviewing industry experts. Along with a historical analysis, results from these processes were triangulated to determine the accurate and complete forecast of global low voltage motors market for the period between 2017 and 2022.
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