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Low Voltage Motors Market Scope Based on Upcoming Market Sizes, Trends Analysis, Company Shares through 2017-2022 and Highlights Key Vendors - ABB, Siemens, WEG Electric Corp, Nidec Group, GE, Toshiba, Hyosung Corporation, Hyundai Heavy Industries, Shangd

08-27-2018 02:10 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Low Voltage Motors Market Scope Based on Upcoming Market Sizes,

Growing demand for cost effective and highly efficient machines is expected to fuel demand for low voltage motors globally. Increasing adoption of low voltage machines integrated with smart technology is expected to impact growth of the global low voltage market positively. This report, compiled by FactMR, provides in-depth analysis of the global keyword market for the forecast period 2017-2022, and offers key insights about future market direction.

The scope of FactMR’s report is to analyze the global Low Voltage Motors Market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Keyword manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to keyword.

The report commences with a brief information of the global keyword market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global keyword market.

Request a Free Sample Report Here - https://www.factmr.com/connectus/sample?flag=RC&rep_id=256

In order to cater to the growing demand for consumer and capital goods, manufacturers are adopting advanced technology for fast production. Several manufacturers are integrating low voltage motors with smart sensors to speed up the production rate as it enables end users to record the regular and accurate measurement of the motor’s key condition parameters. For example, ABB, a leading player in the low voltage motors market, launched a new low voltage motor equipped with smart sensor, which is designed to pick up signals from the low voltage motors that helps in recording accurate and regular measurements of the motor. Manufacturers operating in several industries are converting regular low voltage motors to connected and intelligent machines, which enables users to analyse the actual needs rather than on the basis of operating hours and time intervals during the production process. Equipped with smart technology, the low voltage motors enables manufacturers to make predictive analysis based on the data acquired, which can help in reducing the downtime by 70%, extending motor lifetime by 30%, and cutting energy consumption by around 10%.

Consumption in the Mining Industry

Besides smart technology, the manufacturers are also integrating industry specific features in the low voltage motors for enhanced performance. For example, attributed to flameproof features, the low voltage motors is expected to witness significant demand in the mining industry. Moreover, the manufacturers also witness demand for the cast iron motors for underground mining conveniently as these motors are equipped with special varnish corrosion protection, which prevents the moisture between winding insulation and ingression.

Significant Demand for Water Treatment

Apart from the mining industry, the low voltage motors also witness significant demand for water treatment purposes globally. Increasing need to replace, upgrade, and retrofit the equipment related to wastewater treatment facilities is expected to fuel demand for low voltage motors globally. Such factors are expected to contribute towards growth of the global low voltage motors market during the forecast period.

View Full Report Here - https://www.factmr.com/report/256/low-voltage-motors-market

Increasing demand for energy source has led to significant adoption of the low voltage motors in various industries including food and beverages manufacturing, utilities, commercial and mining low. The F&B manufacturing segment is expected to register the highest CAGR growth in the global market through 2022. However, the others segment is expected to represent the highest revenue growth, accounting for a value of over US$ 3,000 Mn by the end of 2017.

Low voltage motors for application in pumps & fans continue to witness high demand among manufacturers in various industries. The pumps & fans segment is expected to represent the highest revenue growth, accounting for over US$ 6,000 Mn by the end of 2022. As compared to other application segments, the extruders segment is expected to register the highest CAGR in the global market throughout 2022.

On the basis of capacity, the 0.75-2.1 kW segment is expected to register the highest CAGR in the global market through 2022. In terms of revenue, the 2.2-7.4 kW segment is expected to represent the highest growth, accounting for over US$ 4,000 Mn by the end of 2022.

Competition Tracking

Leading market players operating in the global low voltage motors market include ABB, Siemens, WEG Electric Corp, Nidec Group, GE, Toshiba, Hyosung Corporation, Hyundai Heavy Industries, Shangdong Huali, Regal Beloit, and Teco Electric & Machinery.

If You Need This Useful Report Then Buy This Report Here - https://www.factmr.com/checkout/256/S

About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized global market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Telephone @ +353-1-6111-593
Email: sales@factmr.com
Website: https://www.factmr.com/

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