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:
Hyundai Heavy Industries
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:
Super Premium Efficiency Motors
Breakup By Application:
Pumps And Fans
Breakup By End-use:
Beverage And Tobacco Industry
Breakup By Region:
Middle East And Africa
TOC for the Low Voltage Electric Motor Market Research Report:
Scope and Methodology
Global Low Voltage Electric Motor Market
Value Chain Analysis
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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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