Low Voltage Electric Motor Market Trends, Share, Size, Forecast 2021-2026
  • Published On: 23-02-2022

Low Voltage Electric Motor Market Trends, Share, Size, Forecast 2021-2026

IMARC Group’s latest research report, titled “Low Voltage Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global low-voltage electric motor market reached a value of US$ 13.1 Billion in 2020. Looking forward, the global low voltage electric motor market is expected to exhibit moderate growth during the next five years. Low-voltage electric motors refer to motors that run at voltages less than 1000V and generate maximum power, thereby resulting in improved productivity. They operate in a three-phase power supply while offering a positive energy balance with high safety standards. Thus, they are widely used in elevators, compressors, fans, pumps, air-handling units, and packaging applications.

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Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share

  • Market Segmentation by Efficiency, Application, End-use.

  • Historical, current, and projected size of the market in terms of volume and value

  • Latest industry trends and developments

  • Competitive Landscape for Low Voltage Electric Motor Market

  • Strategies of major players and product offerings

The global low-voltage electric motors market is primarily driven by the paradigm shift in consumer preference to high-efficiency, energy-saving motors. Also, the increasing adoption of low-voltage motors in end-use industries to minimize additional costs is positively impacting the overall market growth. In addition to this, continual technological advancements and the increasing demand for machinery and retrofitting are also leading to the widespread adoption of these motors. Some of the other factors contributing to the market growth include rapid industrialization, the rising number of construction and infrastructural development projects, and extensive research and development (R&D) activities conducted by key players.

Key Players Included in Global Low Voltage Electric Motor Market Research Report:

  • ABB

  • Siemens

  • WEG

  • TECO E&M

  • Regal Beloit

  • Leroy-Somer

  • Shandong Huali

  • Hyundai Heavy Industries

  • Hyosung Corporation

  • NIDEC

COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

Breakup By Efficiency:

  • Standard Efficiency

  • High Efficiency

  • Premium Efficiency

  • Super Premium Efficiency Motors

Breakup By Application:

  • Pumps And Fans

  • Compressors

  • Other Applications

Breakup By End-use:

  • Commercial Hvac

  • Food

  • Beverage And Tobacco Industry

  • Mining Industry

  • Utilities

  • Others

Breakup By Region:

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East And Africa

TOC for the Low Voltage Electric Motor Market Research Report:

  • Preface

  • Scope and Methodology

  • Executive Summary

  • Introduction

  • Global Low Voltage Electric Motor Market

  • SWOT Analysis

  • Value Chain Analysis

  • Price Analysis

  • Competitive Landscape


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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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