The low voltage motors market refers to the global market for electric motors with voltage ratings below 1000 volts. These motors are used in a wide range of applications, including HVAC systems, fans, pumps, compressors, conveyors, and industrial machinery. The low voltage motors market is driven by various factors, such as increasing demand for energy-efficient motors, growing industrialization in developing countries, and the increasing adoption of automation in various industries. Additionally, the rising awareness about the benefits of using electric motors over conventional combustion engines is also driving the growth of the market.
The market is segmented based on product type, application, efficiency class, end-user industry, and geography. The product types include AC motors, DC motors, and others. Based on application, the market is segmented into industrial machinery, motor vehicles, HVAC systems, aerospace and defense, and others. The efficiency class segment includes IE1, IE2, IE3, and IE4. The end-user industries include oil and gas, food and beverage, power generation, mining, and others. Asia Pacific is expected to dominate the low voltage motors market during the forecast period due to the increasing industrialization and infrastructure development in the region. North America and Europe are also significant markets for low voltage motors, owing to the high adoption of automation in various industries.
Key players operating in the low voltage motors market include ABB Ltd., Siemens AG, WEG SA, Nidec Corporation, and General Electric Company, among others. These companies are focusing on expanding their product portfolio, investing in research and development, and strategic collaborations and partnerships to strengthen their market position.
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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
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Low Voltage Motors market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Low Voltage Motors market 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.
Report benefits & key questions answered
- Low Voltage Motors historical market outlook: the market intelligence survey report discloses the demand and sales projections of Low Voltage Motors over the last forecast period 2016 to 2020.
- Post impact of covid on the Low Voltage Motors market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Low Voltage Motors, thus affecting the market growth.
- Low Voltage Motors market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Low Voltage Motors market to assist the businesses to formulate their strategies for expansion.
- Low Voltage Motors category & segment level analysis: fact.mr’s category & segment level analysis provides insights into Low Voltage Motors sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
- Low Voltage Motors company & brand share analysis: the report discloses the competitiveness of the Low Voltage Motors market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
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