LeapZipBlog: Steve Blade's blog: Low Voltage Motors Market Growth Rate and Revenue Forecast 2017-2022

Low Voltage Motors Market Growth Rate and Revenue Forecast 2017-2022

August 14, 2019 by Steve Blade  

According to recent report by Fact.MR, the global low voltage motors market was estimated to surpass a value of US$ 25 billion in 2018. Growth of the low voltage motors market can be primarily attributed to incessant rise in the need for cost efficient energy source in number of industries. To meet the escalating demand for consumer and capital goods, manufacturers across the globe are continuously focusing on adopting innovative technologies to improve their production. Emerging trends of incorporating intelligent technology and smart sensors in low voltage motors is likely to gain traction in the coming years.

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Chapterwise Analysis

Chapter 1 – Global Low Voltage Motors Market – Executive Summary
The Fact.MR report on low voltage motors market commences with an executive summary which covers brief yet affluent information regarding the global market of low voltage motors. It mainly includes all the key market highlights in terms of facts and figures.

Chapter 2 – Global Low Voltage Motors Market – Overview
In this chapter, the report introduces the market including concrete definition of low voltage motors. It also lists and assesses drivers, restrains, and trends impacting the growth of low voltage motors market. In addition, all the industry specific factors influencing the expansion of low voltage motors market have been analyzed in this section of the report. Further, it provide a thorough analysis of the cost structure, pricing, supply chain, and raw material sourcing.

Chapter 3 – Global Low Voltage Motors Market Analysis and Forecast by Efficiency Class
The chapter provides a detailed breakdown of low voltage motors market on the basis of efficiency class which includes IE 1, IE 2, IE 3, IE 4, DC, and others. Historical analysis and forecast data of each efficiency class have been provided in the report along with revenue and market share comparison
by region.

Chapter 4 – Global Low Voltage Motors Market Analysis and Forecast by Sector
Under this chapter, a thorough analysis of the low voltage motors market based on different sectors has been covered. The chapter sheds light on the low voltage motors market performance on the basis of sector such as commercial HVAC, mining, F&B manufacturing, utilities, and others. It also
includes a historical data and forecast of each sector during the 2017-2022 period.

Growth Driving Factors of Low Voltage Motors Market

  • Rapid industrialization in various regions across the globe is one of the macroeconomic factors driving the low voltage motors market. These motors not only provide protection to thermal overload but also help counter the load variability issues, thereby reducing the chances of equipment failure.
  • Low voltage motors are gaining widespread adoption for their ability to control tasks, measure electric current, ensure stability and energy efficiency, and deliver precision through speed. This, in turn, is likely to contribute to global expansion of low voltage motors market.
  • With penetration of innovative technologies in various fields, manufacturers of low voltage motors are focusing on incorporation of intelligent technology and smart sensors in their products which may positively impact the growth of low voltage motors industry. Moreover, many manufacturing companies are spending on high quality low voltage motors to enhance their production process in an energy efficient manner.
  • The use of smart sensors in low voltage motors enables end users to monitor and record accurate measurement of different parameters of the motor, and this trend is foreseen to gain high traction in the global market in the coming years.
  • Integration of smart technology into these motors also reflects favorably on reducing downtime, extending motor lifetime, and cutting energy consumption which may increase their demand and eventually strengthen the low voltage motors market.

APEJ Leads Gains in Low Voltage Motors Market

Asia Pacific Excluding Japan is anticipated to retain its leading position in the low voltage motors industry, on the back of rapid growth in industrialization including automotive and electronics sectors. In 2018, APEJ low voltage motors market exceeded an estimated value of US$ 9.5 billion, growing at 9.9% in 2019 through 2018. In addition, stringent government regulations regarding motor efficiency and retrofitting and replacing aging equipment are expected to reflect favorably on the growth of low voltage motors market in the region.

Competition Tracking

Leading market players operating in the global low voltage motors market include ABB, Siemens, WEG Electric Corp, Nidec Group, GE, Toshiba, Hyosung Corporation, Hyundai Heavy Industries, Shangdong Huali, Regal Beloit, and Teco Electric & Machinery.

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