Low Voltage Electric Motor Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Low Voltage Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

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/qnv856/low_voltage?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Motors

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Motors