Low Voltage Motor Market Size: Current And Historical Market Size Along With Projection Of Future Prospects In Terms Of Value And Volume

The global low voltage market is forecasted to grow with a single-digit CAGR during the forecast period and is anticipated to hold a strong potential incoming 4-5 years. Most of the manufacturers are now focusing on advanced technology and quality low voltage motors to enhance their production process which in turn had led to the increase in demand for advanced low voltage motors.

Low voltage motors are widely used in a variety of industries, including mining, food and beverage, oil and gas, automotive, and packaging, as a result of global industrialization and steadily rising energy demand.

These are the motors that operate at voltages less than 1000 V and produce maximum power, thereby improving productivity, quality, and energy savings. Various motor efficiency legislation enacted globally are expected to drive the global low voltage motor market during the forecast period. Manufacturers are required to use more expensive and energy-efficient motors under these laws.

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Regional Outlook

Depending on geographic regions, the global low voltage motor market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2014, Asia Pacific dominated the global low voltage motor market owing to the growing consumption of low voltage motors by the automotive and electronics industry, in this region.

In addition, China is the largest country market for low voltage motors in the Asia Pacific and is poised to show strong opportunities for low voltage motors in near future. After Asia Pacific North America is projected to show vigorous growth in the global low voltage motor market, especially due to the increasing demand for low voltage motors in countries like US and Canada, during the forecast period.

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

By Segmentation:

On the basis of product type, the global low voltage motor market is segmented into four types

Based on end-use industry the global low voltage motor market is segmented into six types

Automotive
Mining
Electronics
Textile
Food & Beverages
Others

Global Low Voltage Motor Market: Drivers & Restraints

With the rise in technological advancement, increasing demand for machinery across the world, and advantages offered by low voltage motors due to their efficient nature, the global low voltage motor market is anticipated to show robust growth during the forecast period. The growing consumption of low voltage motors by end-user industries will continue to drive the growth in the low voltage market over the forecast period.

The report covers an exhaustive analysis on:

Low Voltage Motor Market Segments
Low Voltage Motor Market Dynamics
Low Voltage Motor Market Size
Low Voltage Motor Market Supply & Demand
Low Voltage Motor Market Current Trends/Issues/Challenges
Competition & Companies involved
Low Voltage Motor Technology
Low Voltage Motor Market Value Chain

In addition, stringent motor efficiency legislation and retrofits due to aging equipment are expected to impact the global low voltage motor market positively.

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Market Players

Some of the major players operating in the global low voltage motor market are ABB, TECO-Westinghouse Motor Company, Siemens, Hyosung Power and Industrial Systems Performance Group, Anhui Wannan Electric Machine, ATB Group, Leroy Somer, LEZ Ruselprom, Luan JiangHuai, NIDEC, Regal Beloit, Shandong Huali Electric Motor Group, GE Industrial, Toshiba International, WEG, VEM Group, etc.

Report Highlights:

Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.