Low Voltage Motors Market Industry Analysis by key Players, Types, Application, Region and Growth (US$ 35,000 Mn by 2022), Future Demand Opportunity and Forecast 2017-2022 – ABB, Siemens, WEG Electric Corp, Nidec Group

Growing need for cost efficient energy source continues to remain a major factors fueling adoption of low voltage motors in various industries. Manufacturers are integrating intelligent technology in low voltage motors, which is projected to impact growth of the global low voltage market positively. A recently compiled report by FactMR, the global of low voltage motors market is projected to represent more than US$ 35,000 Mn by 2022-end.

The scope of FactMR’s report is to analyze the Global Low Voltage Motors Market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Keyword manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to keyword.

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Consumption in the Mining Industry

Besides smart technology, the manufacturers are also integrating industry specific features in the low voltage motors for enhanced performance. For example, attributed to flameproof features, the low voltage motors is expected to witness significant demand in the mining industry. Moreover, the manufacturers also witness demand for the cast iron motors for underground mining conveniently as these motors are equipped with special varnish corrosion protection, which prevents the moisture between winding insulation and ingression.

Significant Demand for Water Treatment

Apart from the mining industry, the low voltage motors also witness significant demand for water treatment purposes globally. Increasing need to replace, upgrade, and retrofit the equipment related to wastewater treatment facilities is expected to fuel demand for low voltage motors globally. Such factors are expected to contribute towards growth of the global low voltage motors market during the forecast period.

Robust Adoption of IE4 Motors

Reduced maintenance cost and optimisation of energy consumption has made the low voltage motors a lucrative option for manufacturers operating in several industries. As manufacturers in various industries progress to relatively high efficiency NEMA Premium, IE2, and IE3 low voltage motors, IE4 is increasingly carving out a space in the high efficiency motor, and is marketed to the industrial machinery market as “Supreme Premium Efficiency” motors.

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Increasing demand for energy source has led to significant adoption of the low voltage motors in various industries including food and beverages manufacturing, utilities, commercial and mining low. The F&B manufacturing segment is expected to register the highest CAGR growth in the global market through 2022. However, the others segment is expected to represent the highest revenue growth, accounting for a value of over US$ 3,000 Mn by the end of 2017.

Low voltage motors for application in pumps & fans continue to witness high demand among manufacturers in various industries. The pumps & fans segment is expected to represent the highest revenue growth, accounting for over US$ 6,000 Mn by the end of 2022. As compared to other application segments, the extruders segment is expected to register the highest CAGR in the global market throughout 2022. On the basis of capacity, the 0.75-2.1 kW segment is expected to register the highest CAGR in the global market through 2022. In terms of revenue, the 2.2-7.4 kW segment is expected to represent the highest growth, accounting for over US$ 4,000 Mn by the end of 2022.

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.

Table of Contents

  1. Global Low Voltage Motors Market – Executive Summary
  2. Global Low Voltage Motors Market Overview

2.1. Introduction

2.1.1. Global Low Voltage Motors Market Taxonomy

2.1.2. Global Low Voltage Motors Market Definition

2.2. Global Low Voltage Motors Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Low Voltage Motors Market Y-o-Y Growth

2.3. Global Low Voltage Motors Market Dynamics

2.3.1. Drivers

2.3.2. Restraints

2.3.3. Trends

2.4. Discrete Vs. Process Industry Motor Uptake

2.5. IEC and NEMA Transitions

2.6. Technology Trends

2.7. Associated Sector Performance

2.8. List of Key Distributors

2.9. Key Participants Market Presence (Intensity Map) By Region

  1. Global Low Voltage Motors Market Analysis and Forecast By Efficiency Class

3.1. Global Low Voltage Motors Market Size and Forecast By Efficiency Class, 2012-2022

3.1.1. IE 1 Low Voltage Motors Market Size and Forecast, 2012-2022

3.1.1.1. Revenue (US$ Mn) Comparison, By Region

3.1.1.2. Market Share Comparison, By Region

3.1.1.3. Y-o-Y growth Comparison, By Region………………………….CONTINUED

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