Top 6 Vendors in the Global Low Voltage Motors Market from 2017-2021: Technavio

Technavio has published a new report on the global low voltage motors market from 2017-2021. (Graphic: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--Technavio has announced the top six leading vendors in their recent global low voltage motors market report until 2021. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.

The research study by Technavio on the global low voltage motors market for 2017-2021 provides a detailed industry analysis based on the type (International efficiency (IE) 1, IE2, IE3, and IE4), end-user (process industries, discrete industries, and HVAC), and geography (APAC, the Americas, and EMEA).

The global low voltage motors market is projected to grow at a CAGR of nearly 10% over the forecast period. The increasing demand for motors that can provide protection against thermal overload is one of the key factors driving the market growth,” says Sushmit Chakraborty, a lead analyst at Technavio for automation research.

Competitive vendor landscape

Several global and regional vendors are present in the global low voltage motors market. This makes the competition between the leading and other vendors intense, reflecting high market fragmentation. To prosper in this fragmented market, the leading vendors aim to manufacture innovative low voltage motors while the regional vendors try to provide price-effective low voltage motors. To stay competitive in the market, companies are extensively adopting procedures for manufacturing energy-efficient low voltage motors.

Pricing, technology, innovation, and quality of the low voltage motors define the major inclinations of the end-users. Companies are mainly focusing on manufacturing low voltage motors that fulfill the criteria mentioned above of the end-users. The companies with innovation in ideas and eminent technical and financial resources can expand their footprints across the world giving cut-throat competition to the various regional vendors.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Top six vendors in the global low voltage motors market

ABB

ABB is a prominent vendor in power and automation technologies that enable the end-users to improve their performance. The company focuses on making products that will have a reduced impact on the environment. The company's wide range of low voltage solutions is used across all the major industries, including the residential sector.

ATB

The company focuses on innovation every time before developing a product design for a wide range of markets and applications. The company's continuous development programs help in achieving its strategic goals. Working along with customers to understand their specifications better is the key to success of the company.

GE

GE focuses on manufacturing such products for the end-users that provide them with a better financial advantage. The group focuses on two major ideologies, ecomagination and healthymagination. In ecomagination the group encourages creative thinking to build something innovative.

Nidec

Nidec has a large customer base around the world. It follows the principle of working smart and hard with high spirit to strengthen every operation. It manufactures motors for all things that spin and move. The company is a prominent vendor for manufacturing small precision motors.

Siemens

Siemens is a prominent producer of energy-efficient and resource-saving technologies in the world. It deals in supplying systems for power generation, transmission, and medical diagnosis. The company is further strengthening its position in the market with the help of new concepts, innovative ideas, and strategically strong business models.

WEG

WEG aims at bringing continuous improvement through innovation and teamwork. It works on the ideologies of leadership, innovation, teamwork, and flexibility. Manufacturing cost-effective and highly productive products are the company's main objective. The company remains committed toward creating efficient products for the end-users.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio has announced the top six leading vendors in their recent global low voltage motors market report until 2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com