The low voltage motors market is projected to experience a robust compound annual growth rate (CAGR) of 6.8% from 2023 to 2033. Currently, the global market for low voltage motors is valued at US$ 41.20 billion, and it is anticipated to reach a valuation of US$ 79.55 billion by 2033. The global low voltage motors market is witnessing a robust […]
In 2018, demand for low voltage motors surpassed US$ 25 Bn, growing at a Y-o-Y growth rate of 8.8% in 2019. After emerging from the recessionary downturn induced by COVID-19, sales are expected to be valued at US$ 36.6 Bn by the end of 2021. Long-term growth prospects appear highly optimistic, with an anticipated revenue share of US$ 70.6 Bn as of 2031. Overall, the industry is […]