Low Voltage Motors Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0099151
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.68 |
Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries
Download Sample PdfReport Overview
The Low Voltage Motors Market size is estimated to grow at a CAGR of 5.62% between 2022 and 2032. The market size is forecast to increase by USD 3,789.45 million. The growth of the market depends on several factors, including the increasing demand for energy-efficient motor solutions, rising industrial automation, and the growing focus on sustainability. Low voltage motors are electric motors that operate at voltages below 1,000 volts and are widely used in various industries for applications such as pumps, fans, compressors, conveyors, and more.
Low Voltage Motors Market Overview:
Drivers:
One of the key factors driving the low voltage motors market growth is the increasing demand for energy-efficient motor solutions. With the growing emphasis on energy conservation and sustainability, industries are seeking motor solutions that consume less energy and offer higher efficiency. Low voltage motors, particularly those equipped with advanced technologies such as variable speed drives (VSDs) or permanent magnet motors, provide significant energy savings compared to traditional motors. These motors optimize energy consumption by adjusting motor speed according to the load requirements, resulting in reduced energy consumption and operational costs.
Moreover, the rising industrial automation trend is also driving the market growth. Industries are increasingly adopting automation technologies to improve productivity, reduce labor costs, and enhance operational efficiency. Low voltage motors play a crucial role in automation systems by providing reliable and precise motor control. These motors are integrated with control systems and programmable logic controllers (PLCs) to enable seamless automation of industrial processes. The demand for low voltage motors is expected to grow in industries such as manufacturing, oil and gas, chemicals, and automotive, among others.
Trends:
A key trend shaping the low voltage motors market is the integration of smart features and connectivity. Manufacturers are incorporating smart technologies such as Internet of Things (IoT) connectivity and data analytics capabilities into low voltage motors. This integration enables remote monitoring, predictive maintenance, and real-time performance optimization of motors. Smart low voltage motors can communicate with other devices and systems, providing valuable insights for efficient operation and maintenance. Additionally, the use of advanced motor control algorithms and software-based motor control solutions is gaining traction, allowing for precise motor control and energy optimization.
Furthermore, there is a growing focus on sustainability and environmental regulations, which is driving the demand for eco-friendly motor solutions. Manufacturers are developing low voltage motors that comply with energy efficiency standards and environmental regulations. These motors are designed to minimize energy losses, reduce carbon emissions, and enhance overall sustainability. The adoption of eco-friendly low voltage motors is expected to increase as industries strive to achieve their sustainability goals and meet regulatory requirements.
Restraints:
One of the key challenges hindering the low voltage motors market growth is the initial cost of advanced motor technologies. While energy-efficient motors offer long-term cost savings through reduced energy consumption, their upfront cost is relatively higher compared to conventional motors. This cost factor may deter price-sensitive industries from adopting energy-efficient low voltage motor solutions, especially in cost-sensitive markets. However, the long-term benefits of energy savings and operational efficiency outweigh the initial investment.
Low Voltage Motors Market Segmentation By Application:
The industrial segment is estimated to witness significant growth during the forecast period. Low voltage motors are extensively used in various industrial applications such as pumps, fans, compressors, conveyors, and more. These motors provide reliable and efficient motor control, enabling smooth operation of industrial processes. The increasing industrial automation and the need for energy-efficient motor solutions are driving the demand for low voltage motors in the industrial sector.
The commercial segment is also expected to contribute to the market growth. Low voltage motors are used in commercial buildings for applications such as HVAC systems, elevators, escalators, and more. These motors offer energy-efficient operation and precise control, ensuring optimal performance of commercial facilities. The growing focus on energy efficiency and sustainability in commercial buildings is fueling the demand for low voltage motors.
Low Voltage Motors Market Segmentation By Type:
The induction motor segment is expected to dominate the market during the forecast period. Induction motors are widely used in various industries due to their robustness, reliability, and cost-effectiveness. These motors offer high efficiency and require minimal maintenance, making them suitable for a wide range of applications. The increasing industrialization and infrastructure development in emerging economies are driving the demand for induction motors.
Regional Overview:
Download the report summary now!
Request pdf Sample
Asia Pacific is estimated to contribute significantly to the growth of the global low voltage motors market during the forecast period. The region has a strong presence of manufacturing industries, rapid industrialization, and increasing infrastructure development, driving the demand for low voltage motors. The growing emphasis on energy efficiency and government initiatives promoting sustainable industrial practices further support market growth in Asia Pacific.
North America is also expected to witness substantial growth in the low voltage motors market. The region has a mature industrial sector and a high adoption rate of automation technologies. The focus on energy efficiency, stringent environmental regulations, and the presence of key market players drive the demand for low voltage motors in North America.
Low Voltage Motors Market Customer Landscape:
The low voltage motors market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Low Voltage Motors Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
ABB Ltd: The company offers a wide range of low voltage motors for industrial and commercial applications.
Siemens AG: The company provides energy-efficient low voltage motors with advanced control features.
WEG Electric Corp: The company offers a comprehensive portfolio of low voltage motors for various industries.
Some of the major companies operating in the low voltage motors market include:
- ABB Ltd
- Siemens AG
- WEG Electric Corp
- Baldor Electric Company
- Regal Beloit Corporation
- Toshiba Corporation
- Nidec Corporation
- Rockwell Automation Inc.
- Emerson Electric Co.
- Schneider Electric SE
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The low voltage motors market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Industrial
o Commercial
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Induction Motor
o Synchronous Motor
o Permanent Magnet Motor
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Low Voltage Motors MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Low Voltage Motors MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Low Voltage Motors Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Low Voltage Motors MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. Low Voltage Motors MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. Low Voltage Motors MARKET REGIONAL OUTLOOK
7.1. Low Voltage Motors Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Low Voltage Motors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America Low Voltage Motors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America Low Voltage Motors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America Low Voltage Motors Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America Low Voltage Motors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
List of Tables and Figures
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
Personalized Business Report Tailored to Your Requirements
- Our expert analysts collaborate directly with you to comprehend your specific needs.
- Get data on regions, segments, competitors, and vendors of your choice.
- Information is presented in alignment with your exact preferences and formatting.
Free Sample Report
"Find new revenue generation opportunities"