Low Voltage Motors Market 2018 Global Trend, Segmentation and Opportunities, Forecast 2025

CITY, Country, 2021-Feb-24 — /EPR Network/ —

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 y

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Low Voltage Motors Market Growth Underpinned by Rising Demand in Mining Industry and Wastewater Treatment

In order to enhance the performance and production rates, manufacturers of low voltage motors industry are incorporating sector specific features in their products. Low voltage motors with features such as flameproof, corrosion-resistant, and moisture-resistant are gaining traction in the mining industry, and significantly contributing to revenue maximization of low voltage motors market.

Increase in the demand for wastewater treatment on the account of rising industrial activities is foreseen to be highly impactful on the growth of low voltage motors market. With surging need to retrofit or replace equipment for wastewater treatment in various industries, the global low voltage motors market is likely to witness a significant growth in the foreseeable future. Moreover, several industries are increasingly adopting the low voltage motors for their ability to provide protection against thermal overload and counter variability issues in current loads.

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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.

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