Global Low Voltage Electric Motor Market 2018-2023

The global low-voltage electric motor market reached a volume of around 381 Million Units in 2017, growing at a CAGR of 9.6% during 2010-2017.

Increasing industrialization across the globe is fuelling the growth of the automation industry. This has created a huge demand for low-voltage electric motors so as to minimize the additional cost of production. Moreover, a shift in consumer preference from low-efficiency motors to high-efficiency and energy-saving motors has propelled the demand for low-voltage motors. Further, a surge in construction and renovation of residential spaces worldwide is expected to influence the market growth in the upcoming years.

Looking forward, the market value is projected to reach a volume of 653 Million Units by 2023, expanding at a CAGR of more than 9.3% during 2018-2023.

Market Summary:

• Based on efficiency, the market has been segmented into standard, high, premium and super premium efficiency. Currently, standard efficiency low-voltage electric motors dominate the market, holding the largest share.
• On the basis of end-use, commercial HVAC represents the largest segment, followed by food, beverage and tobacco industry, mining industry, and utilities.
• The market has also been segregated on the basis of application into pumps and fans, and compressors. Amongst these, pumps and fans hold the majority of the total market.
• Region-wise, North and South America is the leading market, accounting for the largest share globally. Other major markets include Europe, Middle East and Africa, and China.
• The competitive landscape of the market has also been examined with some of the key players being ABB, Siemens, WEG, TECO E&M, Regal Beloit, Leroy-Somer, Shandong Huali, Hyundai Heavy Industries, Hyosung Corporation and NIDEC.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Electric Motor Industry

6 Global Low Voltage Electric Motor Industry

7 Global Low Voltage Electric Motor Market: Performance of Key Regions

8 Global Low Voltage Electric Motor Market: Market by Efficiency

9 Global Low Voltage Electric Motor Market: Market by End-Use Industry

10 Global Low Voltage Electric Motor Market: Market by Application

11 Global Low Voltage Electric Motor Market: Competitive Landscape

12 Global Low Voltage Electric Motor Market: SWOT Analysis

13 Global Low Voltage Electric Motor Market: Value Chain Analysis

14 Global Low Voltage Electric Motor Market: Porter’s Five Forces Analysis

15 Low Voltage Electric Motor Manufacturing Process

16 Project Details, Requirements and Costs Involved

17 Loans and Financial Assistance

18 Project Economics

19 Key Player Profiles

• ABB
• Siemens
• WEG
• TECO E&M
• Regal Beloit
• Leroy-Somer
• Shandong Huali
• Hyundai Heavy Industries
• Hyosung Corporation
• NIDEC

For more information about this report visit https://www.researchandmarkets.com/research/pb4z7g/global_low?w=5

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SOURCE Research and Markets

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