IMARC Group’s latest research report, titled “Low Voltage Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global low-voltage electric motor market reached a value of US$ 13.1 Billion in 2020. Looking forward, the global low voltage electric motor market is expected to exhibit moderate growth during the next five years. Low-voltage electric motors refer to motors that run at voltages less than 1000V and generate maximum power, thereby resulting in improved productivity. They operate in a three-phase power supply while offering a positive energy balance with high safety standards. Thus, they are widely used in elevators, compressors, fans, pumps, air-handling units, and packaging applications.
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Important Attribute and highlights of the Report:
Detailed analysis of the global market share
Market Segmentation by Efficiency, Application, End-use.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape for Low Voltage Electric Motor Market
Strategies of major players and product offerings
The global low-voltage electric motors market is primarily driven by the paradigm shift in consumer preference to high-efficiency, energy-saving motors. Also, the increasing adoption of low-voltage motors in end-use industries to minimize additional costs is positively impacting the overall market growth. In addition to this, continual technological advancements and the increasing demand for machinery and retrofitting are also leading to the widespread adoption of these motors. Some of the other factors contributing to the market growth include rapid industrialization, the rising number of construction and infrastructural development projects, and extensive research and development (R&D) activities conducted by key players.
Key Players Included in Global Low Voltage Electric Motor Market Research Report:
ABB
Siemens
WEG
TECO E&M
Regal Beloit
Leroy-Somer
Shandong Huali
Hyundai Heavy Industries
Hyosung Corporation
NIDEC
COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup By Efficiency:
Standard Efficiency
High Efficiency
Premium Efficiency
Super Premium Efficiency Motors
Breakup By Application:
Pumps And Fans
Compressors
Other Applications
Breakup By End-use:
Commercial Hvac
Food
Beverage And Tobacco Industry
Mining Industry
Utilities
Others
Breakup By Region:
North America
Asia Pacific
Europe
Latin America
Middle East And Africa
TOC for the Low Voltage Electric Motor Market Research Report:
Preface
Scope and Methodology
Executive Summary
Introduction
Global Low Voltage Electric Motor Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape
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