Low Voltage Motors Market worth $40.10 billion by 2030, growing at a CAGR of 6.97% - Exclusive Report by 360iResearch

The "Low Voltage Motors Market by Type (IE1, IE2, IE3), Application (Compressors, Conveyors, Crushers), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Low Voltage Motors Market to grow from USD 25.01 billion in 2023 to USD 40.10 billion by 2030, at a CAGR of 6.97%.

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A low-voltage motor is an electromechanical device specifically created to convert electrical energy into mechanical energy, operating at a voltage level lower than 1,000 volts. Low-voltage motors are essential in various industries and applications due to their significance in terms of efficiency, reliability, and cost-effectiveness. They are commonly employed in industrial automation systems, electric vehicles, HVAC systems, household appliances, construction equipment, and agricultural machinery. The demand for efficient industrial solutions, including low-voltage motors, has skyrocketed with an increasing focus on reducing greenhouse gas emissions and enhancing energy conservation efforts across the globe. Low-voltage motors also play a vital role in ensuring worker safety in industrial environments with the risk of electrical hazards. These motors operate at lower voltages than high-voltage alternatives, so they pose less threat to personnel working nearby or directly handling the equipment. Shift to industry 4.0 systems and increasing focus on developing wind and solar systems elevate the demand for low voltage motors. However, these motors' technical limitations and maintenance concerns impact their adoption among certain end-users. Market players are working on incorporating advanced materials such as high-performance magnetic alloys or carbon nanotubes that can enhance motor output capabilities while reducing weight & size. Furthermore, the increasing penetration of IoT-enabled smart motor systems coupled with data analysis capabilities presents potential opportunities for manufacturers.

The Americas is home to a diverse range of players within the low voltage motors market with varying degrees of specialization depending on regional strengths. The U.S. Department of Energy (DOE) has also implemented regulations for improved motor efficiency standards that have driven companies to adopt advanced low-voltage motor technologies. American firms focus on innovation and value-added services to stay competitive within this dynamic marketplace. The growing automotive manufacturing, renewable energy generation, and HVAC applications in Asia have contributed to the increased adoption of low-voltage motors. Asia has an established manufacturing landscape for low-voltage motors, with global companies setting significant production facilities in China, India, and other Asian countries to meet the growing global demand. Asian companies often emphasize cost efficiency and mass production capabilities, while European manufacturers excel at delivering highly customized solutions with advanced technologies for specific industry sectors. In Europe, the growth in renewable energy infrastructure and increasing digitalization of manufacturing processes drive the adoption of low-voltage motors. The European Union (EU) has stringent regulations regarding energy efficiency in electric motor systems under the Ecodesign Directive, pushing manufacturers to develop high-efficiency, low-voltage motors compliant with IE3 and IE4 standards. European manufacturers maintain a strong presence across their home markets while focusing on export business targeting emerging markets. The Middle East and Africa region observes rapid industrialization and infrastructure development projects that drive demand for low-voltage motors. Increased investments in oil & gas exploration activities in countries such as Saudi Arabia, UAE, Kuwait, Nigeria, and Angola further propel market growth.

Market Segmentation & Coverage:

This research report categorizes the Low Voltage Motors Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across IE1, IE2, IE3, and IE4. The IE1 is projected to witness significant market share during forecast period.

Based on Application, market is studied across Compressors, Conveyors, Crushers, Extruders, and Pumps & Fans. The Crushers is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Cement & Mining, Food & beverage, HVAC, Marine, and Water & Wastewater Treatment Plant. The Food & beverage is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.26% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Low Voltage Motors Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Low Voltage Motors Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Low Voltage Motors Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AC-Motoren GmbH, ATB Group by Wolong Electric Group Co., Ltd., Bonfiglioli, DAC Electric B.V., Electromote (Pty) Ltd., Fuji Electric Co. Ltd., Hansen Corp. by Electrocraft Company, Hyosung Heavy Industries, Kirloskar Electric Company, Legrand Group, Marelli Motori, Meidensha Corporation, Mitsubishi Electric Corporation, Nidec Corp., O.M.E. Motori Elettrici s.r.l., Pelonis Technologies, Inc., Regal Rexnord Corporation, SEW Eurodrive, Shanghai Electrical Machinery Group Co., Ltd., Siemens AG, Tecnotion B.V., TECO-Westinghouse, Toshiba Corp., VEM Group, VYBO Electric, and WEG S.A..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Low Voltage Motors Market, by Type
7. Low Voltage Motors Market, by Application
8. Low Voltage Motors Market, by End-User
9. Americas Low Voltage Motors Market
10. Asia-Pacific Low Voltage Motors Market
11. Europe, Middle East & Africa Low Voltage Motors Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Low Voltage Motors Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Low Voltage Motors Market?
3. What is the competitive strategic window for opportunities in the Low Voltage Motors Market?
4. What are the technology trends and regulatory frameworks in the Low Voltage Motors Market?
5. What is the market share of the leading vendors in the Low Voltage Motors Market?
6. What modes and strategic moves are considered suitable for entering the Low Voltage Motors Market?

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