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Global Low Voltage Motor Market Report 2024

Low Voltage Motor Global Market Report 2024 – By Product Type (International Efficiency 1 (IE– Low-Voltage Motors, International Efficiency 2 (IE, Low-Voltage Motors, International Efficiency 3 (IE, Low-Voltage Motors, International Efficiency 4 (IE, Low-Voltage Motors), By Application (Low Voltage Crushers, Low Voltage Compressors, Low Voltage Extruders, Low Voltage Pumps And Fans, Low Voltage Conveyors), By End-User Industries (Food And Beverage, Mining, Automotive, Electronics, Textile, Other End-User Industries) – Market Size, Trends, And Global Forecast 2024-2033

Low Voltage Motor Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : October 2024 | Delivery Time: 2-3 business days | Format : pdf

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Low Voltage Motor Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Low Voltage Motor Market Definition

A low-voltage motor typically refers to an electric motor that operates on a voltage lower than the standard mains voltage used in most residential and industrial applications. In general, low-voltage motors are designed to operate below 1000 volts (1 kV). These motors are commonly used in various applications where lower voltage levels are sufficient to meet operational requirements, such as small appliances, tools, automotive systems, and specific industrial machinery.

The main products of low voltage motors are international efficiency 1 (IE1) low-voltage motors, international efficiency 2 (IE2) low-voltage motors, international efficiency 3 (IE3) low-voltage motors, and international efficiency 4 (IE4) low-voltage motors. IE1 low-voltage motors are basic motors designed for general industrial applications, offering standard efficiency levels. They are used for various applications including low voltage crushers, low voltage compressors, low voltage extruders, low voltage pumps and fans, and low voltage conveyors by food and beverage, mining, automotive, electronics, textile, and other end-user industries.

Low Voltage Motor Market Segmentation

The low voltage motor market covered in this report is segmented –

1) By Product Type: International Efficiency 1 (IE1) Low-Voltage Motors, International Efficiency 2 (IE2) Low-Voltage Motors, International Efficiency 3 (IE3) Low-Voltage Motors, International Efficiency 4 (IE4) Low-Voltage Motors

2) By Application: Low Voltage Crushers, Low Voltage Compressors, Low Voltage Extruders, Low Voltage Pumps And Fans, Low Voltage Conveyors

3) By End-User Industries: Food And Beverage, Mining, Automotive, Electronics, Textile, Other End-User Industries

Global Low Voltage Motor Market Size 2023 to 2028: Graph

Low Voltage Motor Market Size 2024 And Growth Rate

The low voltage motor market size has grown strongly in recent years. It will grow from $36.28 billion in 2023 to $39.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to establishment of international standards for motor efficiency and safety, rapid industrialization and urbanization of emerging markets, energy efficiency programs, expansion of telecommunications networks, and proliferation of household appliances.

Low Voltage Motor Market Growth Forecast

The low voltage motor market size is expected to see rapid growth in the next few years. It will grow to $58.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to implementation of customer-centric approaches, infrastructure development projects, growth in regenerative medicine and biotech sectors, implementation of cybersecurity measures to protect low voltage motor systems, and implementation of remote monitoring and predictive maintenance solutions for low voltage motors. Major trends in the forecast period include implementation of digital twin technology, development of intelligent electrical grids, miniaturization of motors, development of permanent magnet motors, and technological innovations in motor design.

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Low Voltage Motor Market Driver: Impact Of Industrial Robot Adoption On The Low Voltage Motor Market

The increasing adoption of intertrial robots is expected to propel the growth of the low-voltage motor market going forward. Industrial robots are programmable machines typically used in manufacturing and industrial settings to perform tasks that require precision, speed, and consistency. The adoption of industrial robots is driven by the pursuit of increased efficiency, improved quality, enhanced safety, cost savings, flexibility, and technological advancements. Low voltage motors in robotics enable robots to perform a wide range of tasks with agility, accuracy, and energy efficiency, making them essential components in modern robotic systems across various industries and applications. For instance, according to the Industrial Robots Statistics 2023 by the International Federation of Robotics, a Germany-based non-profit organization, around 404,578 industrial robots were installed in Asia in 2022, representing a 5% increase from the 385,143 units installed in 2021. Therefore, the increasing automation in various industries is driving the growth of the low-voltage motor market.

Global Low Voltage Motor Market Major Players

Major companies operating in the low voltage motor market are Hitachi Ltd., Siemens AG, General Electric Company, TECO Electric & Machinery Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric, ABB Group, Toshiba International Corporation, Nidec Corporation, Fuji Electric Co. Ltd., WEG S.A., Regal Rexnord Corporation, Johnson Electric Holdings Limited, Wolong Electric Group, HD Hyundai Electric Co. Ltd., Bonfiglioli, Brook Crompton UK Ltd., VEM Group, VYBO Electric, Ruselprom Group, Hoyer Motors

Global Low Voltage Motor Market Trend: KOEL Enhances Industry Presence With Launch Of High-Efficiency Low Voltage Electric Motors

Major companies operating in the low-voltage motor market are developing electric motors to meet evolving industry demands. Electric motors refer to devices that convert electrical energy into mechanical energy. For instance, in March 2022, Kirloskar Oil Engines Ltd., an India-based power-generating sets manufacturer, launched High-Efficiency Low Voltage Electric Motors designed to power machines in various industry applications. These motors are manufactured with high-grade copper wires and tested by a BIS-approved, NABL-accredited test lab to ensure top-class performance and efficiency. The launch marks a significant step forward for KOEL in the electric motor segment, enhancing its presence in the industry and offering innovative products that meet customers' needs.

Low Voltage Motor Market Merger And Acquisition: ABB Strengthens Position with Siemens Low Voltage NEMA Motor Acquisition

In May 2023, ABB Ltd, a Switzerland-based automation machinery manufacturing company, acquired Siemens's low-voltage NEMA motor business for $63 million. The acquisition aims to consolidate ABB's position as a top manufacturer in the industrial NEMA motor market, leveraging this strategic move to serve global customers better and align with its motion business area's growth strategy. Siemens is a Germany-based manufacturer of low-voltage motors.

Regional Insights For The Global Low Voltage Motor Market

Asia-Pacific was the largest region in the low voltage motor market in 2023. The regions covered in the low voltage motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the low voltage motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The low voltage motor market consists of sales of induction motors, synchronous motors, dc motors, and servo motors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The low voltage motor market research report is one of a series of new reports from The Business Research Company that provides low voltage motor market statistics, including the low voltage motor industry global market size, regional shares, competitors with low voltage motor market share, detailed low voltage motor market segments, market trends, and opportunities, and any further data you may need to thrive in the low voltage motor industry. These low voltage motor market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Low Voltage Motor Market Report Forecast And Analysis
Report AttributeDetails
Market Size Value In 2024 $39.82 billion
Revenue Forecast In 2033 $58.51 billion
Growth Rate CAGR of 10.1% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Product Type: International Efficiency 1 (IE1) Low-Voltage Motors; International Efficiency 2 (IE
2) Low-Voltage Motors; International Efficiency 3 (IE
3) Low-Voltage Motors; International Efficiency 4 (IE
4) Low-Voltage Motors
2) By Application: Low Voltage Crushers; Low Voltage Compressors; Low Voltage Extruders; Low Voltage Pumps And Fans; Low Voltage Conveyors
3) By End-User Industries: Food And Beverage; Mining; Automotive; Electronics; Textile; Other End-User Industries
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Hitachi Ltd., Siemens AG, General Electric Company, TECO Electric & Machinery Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric, ABB Group, Toshiba International Corporation, Nidec Corporation, Fuji Electric Co. Ltd., WEG S.A., Regal Rexnord Corporation, Johnson Electric Holdings Limited, Wolong Electric Group, HD Hyundai Electric Co. Ltd., Bonfiglioli, Brook Crompton UK Ltd., VEM Group, VYBO Electric, Ruselprom Group, Hoyer Motors
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Low Voltage Motor Market Characteristics

    3. Low Voltage Motor Market Trends And Strategies

    4. Low Voltage Motor Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Low Voltage Motor Market Size and Growth

    5.1. Global Low Voltage Motor Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Low Voltage Motor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Low Voltage Motor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Low Voltage Motor Market Segmentation

    6.1. Global Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    International Efficiency 1 (IE1) Low-Voltage Motors

    International Efficiency 2 (IE2) Low-Voltage Motors

    International Efficiency 3 (IE3) Low-Voltage Motors

    International Efficiency 4 (IE4) Low-Voltage Motors

    6.2. Global Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Low Voltage Crushers

    Low Voltage Compressors

    Low Voltage Extruders

    Low Voltage Pumps And Fans

    Low Voltage Conveyors

    6.3. Global Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Food And Beverage

    Mining

    Automotive

    Electronics

    Textile

    Other End-User Industries

    7. Low Voltage Motor Market Regional And Country Analysis

    7.1. Global Low Voltage Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Low Voltage Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Low Voltage Motor Market

    8.1. Asia-Pacific Low Voltage Motor Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Low Voltage Motor Market

    9.1. China Low Voltage Motor Market Overview

    9.2. China Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Low Voltage Motor Market

    10.1. India Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Low Voltage Motor Market

    11.1. Japan Low Voltage Motor Market Overview

    11.2. Japan Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Low Voltage Motor Market

    12.1. Australia Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Low Voltage Motor Market

    13.1. Indonesia Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Low Voltage Motor Market

    14.1. South Korea Low Voltage Motor Market Overview

    14.2. South Korea Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Low Voltage Motor Market

    15.1. Western Europe Low Voltage Motor Market Overview

    15.2. Western Europe Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Low Voltage Motor Market

    16.1. UK Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Low Voltage Motor Market

    17.1. Germany Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Low Voltage Motor Market

    18.1. France Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Low Voltage Motor Market

    19.1. Italy Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Low Voltage Motor Market

    20.1. Spain Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Low Voltage Motor Market

    21.1. Eastern Europe Low Voltage Motor Market Overview

    21.2. Eastern Europe Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Low Voltage Motor Market

    22.1. Russia Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Low Voltage Motor Market

    23.1. North America Low Voltage Motor Market Overview

    23.2. North America Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Low Voltage Motor Market

    24.1. USA Low Voltage Motor Market Overview

    24.2. USA Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Low Voltage Motor Market

    25.1. Canada Low Voltage Motor Market Overview

    25.2. Canada Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Low Voltage Motor Market

    26.1. South America Low Voltage Motor Market Overview

    26.2. South America Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Low Voltage Motor Market

    27.1. Brazil Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Low Voltage Motor Market

    28.1. Middle East Low Voltage Motor Market Overview

    28.2. Middle East Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Low Voltage Motor Market

    29.1. Africa Low Voltage Motor Market Overview

    29.2. Africa Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Low Voltage Motor Market Competitive Landscape And Company Profiles

    30.1. Low Voltage Motor Market Competitive Landscape

    30.2. Low Voltage Motor Market Company Profiles

    30.2.1. Hitachi Ltd.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Siemens AG

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. General Electric Company

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. TECO Electric & Machinery Co. Ltd.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Mitsubishi Electric Corporation

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Low Voltage Motor Market Other Major And Innovative Companies

    31.1. Schneider Electric

    31.2. ABB Group

    31.3. Toshiba International Corporation

    31.4. Nidec Corporation

    31.5. Fuji Electric Co. Ltd.

    31.6. WEG S.A.

    31.7. Regal Rexnord Corporation

    31.8. Johnson Electric Holdings Limited

    31.9. Wolong Electric Group

    31.10. HD Hyundai Electric Co. Ltd.

    31.11. Bonfiglioli

    31.12. Brook Crompton UK Ltd.

    31.13. VEM Group

    31.14. VYBO Electric

    31.15. Ruselprom Group

    32. Global Low Voltage Motor Market Competitive Benchmarking

    33. Global Low Voltage Motor Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Low Voltage Motor Market

    35. Low Voltage Motor Market Future Outlook and Potential Analysis

    35.1 Low Voltage Motor Market In 2028 - Countries Offering Most New Opportunities

    35.2 Low Voltage Motor Market In 2028 - Segments Offering Most New Opportunities

    35.3 Low Voltage Motor Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Low Voltage Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Low Voltage Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Hitachi Ltd. Financial Performance
  • Table 75: Siemens AG Financial Performance
  • Table 76: General Electric Company Financial Performance
  • Table 77: TECO Electric & Machinery Co. Ltd. Financial Performance
  • Table 78: Mitsubishi Electric Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Low Voltage Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Low Voltage Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Low Voltage Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Low Voltage Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Low Voltage Motor Market, Segmentation By End-User Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Hitachi Ltd. Financial Performance
  • Figure 75: Siemens AG Financial Performance
  • Figure 76: General Electric Company Financial Performance
  • Figure 77: TECO Electric & Machinery Co. Ltd. Financial Performance
  • Figure 78: Mitsubishi Electric Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the Low Voltage Motor market?

A low-voltage motor typically refers to an electric motor that operates on a voltage lower than the standard mains voltage used in most residential and industrial applications. In general, low-voltage motors are designed to operate below 1000 volts (1 kV). These motors are commonly used in various applications where lower voltage levels are sufficient to meet operational requirements, such as small appliances, tools, automotive systems, and specific industrial machinery. For further insights on the Low Voltage Motor market, request a sample here

How will the Low Voltage Motor market drivers and restraints affect the Low Voltage Motor market dynamics? What forces will shape the Low Voltage Motor industry going forward?

The Low Voltage Motor market major growth driver - Impact Of Industrial Robot Adoption On The Low Voltage Motor Market. For further insights on the Low Voltage Motor market, request a sample here

What is the forecast market size or the forecast market value of the Low Voltage Motor market?

The low voltage motor market size has grown strongly in recent years. It will grow from $36.28 billion in 2023 to $39.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to establishment of international standards for motor efficiency and safety, rapid industrialization and urbanization of emerging markets, energy efficiency programs, expansion of telecommunications networks, and proliferation of household appliances. The low voltage motor market size is expected to see rapid growth in the next few years. It will grow to $58.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to implementation of customer-centric approaches, infrastructure development projects, growth in regenerative medicine and biotech sectors, implementation of cybersecurity measures to protect low voltage motor systems, and implementation of remote monitoring and predictive maintenance solutions for low voltage motors. Major trends in the forecast period include implementation of digital twin technology, development of intelligent electrical grids, miniaturization of motors, development of permanent magnet motors, and technological innovations in motor design. For further insights on the Low Voltage Motor market, request a sample here

How is the Low Voltage Motor market segmented?

The Low Voltage Motor market is segmented
1) By Product Type: International Efficiency 1 (IE1) Low-Voltage Motors, International Efficiency 2 (IE2) Low-Voltage Motors, International Efficiency 3 (IE3) Low-Voltage Motors, International Efficiency 4 (IE4) Low-Voltage Motors
2) By Application: Low Voltage Crushers, Low Voltage Compressors, Low Voltage Extruders, Low Voltage Pumps And Fans, Low Voltage Conveyors
3) By End-User Industries: Food And Beverage, Mining, Automotive, Electronics, Textile, Other End-User IndustriesFor further insights on the Low Voltage Motor market, request a sample here

Which region has the largest share of the Low Voltage Motor market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the low voltage motor market in 2023. The regions covered in the low voltage motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Low Voltage Motor market, request a sample here.

Who are the major players in the Low Voltage Motor market?

Major companies operating in the low voltage motor market are Hitachi Ltd., Siemens AG, General Electric Company, TECO Electric & Machinery Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric, ABB Group, Toshiba International Corporation, Nidec Corporation, Fuji Electric Co. Ltd., WEG S.A., Regal Rexnord Corporation, Johnson Electric Holdings Limited, Wolong Electric Group, HD Hyundai Electric Co. Ltd., Bonfiglioli, Brook Crompton UK Ltd., VEM Group, VYBO Electric, Ruselprom Group, Hoyer Motors For further insights on the Low Voltage Motor market, request a sample here.

What are the key trends in the Low Voltage Motor market?

Major trend in the Low Voltage Motor market - KOEL Enhances Industry Presence With Launch Of High-Efficiency Low Voltage Electric Motors. For further insights on the Low Voltage Motor market, request a sample here.

What are the major opportunities in the Low Voltage Motor market? What are the strategies for the Low Voltage Motor market?

For detailed insights on the major opportunities and strategies in the Low Voltage Motor market, request a sample here.

How does the Low Voltage Motor market relate to the overall economy and other similar markets?

For detailed insights on Low Voltage Motor market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Low Voltage Motor industry?

For detailed insights on the mergers and acquisitions in the Low Voltage Motor industry, request a sample here.

What are the key dynamics influencing the Low Voltage Motor market growth? SWOT analysis of the Low Voltage Motor market.

For detailed insights on the key dynamics influencing the Low Voltage Motor market growth and SWOT analysis of the Low Voltage Motor industry, request a sample here.