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Leading Growth Driver in the Low Voltage Motor Market Outlook in 2025: Impact Of Industrial Robot Adoption On The Low Voltage Motor Market Outlook Driver's Influence
Low Voltage Motor Market Outlook
The market size for low voltage motors has experienced a significant expansion in the last few years. It is projected to escalate from $39.82 billion in 2024 to $43.95 billion in 2025, following a compound annual growth rate (CAGR) of 10.4%. This growth during the historical period can be associated with the creation of global safety and efficiency standards for motors, accelerated industrialization and urbanization in up-and-coming markets, initiatives for energy efficiency, growth of telecommunication networks, and the widespread presence of household appliances.
The market for low voltage motors is predicted to experience fast-paced expansion in the coming years. It is set to escalate to $64.35 billion by 2029, with a compound annual growth rate (CAGR) of 10.0%. This predicted surge during the forecast period can be credited to the adoption of customer-focused strategies, infrastructural development initiatives, expansion in the field of regenerative medicine and biotech, enactment of cybersecurity provisions to safeguard low voltage motor systems, and the use of remote surveillance and predictive maintenance capabilities for low voltage motors. Notable trends during this forecast period consist of the application of digital twin technology, the emergence of smart electric grids, motor miniaturization, the creation of permanent magnet motors, and technological breakthroughs in motor design.
What Factors Are Propelling the Expansion of the Low Voltage Motor Market?
The growth of the low-voltage motor market is foreseen to be fuelled by the rise in the use of industrial robots. These programmable machines, which are mostly utilized in industrial and manufacturing environments, are designed to perform tasks requiring accuracy, speed and consistency. The use of these robots is inspired by the desire for enhanced efficiency, quality and safety, technological innovations, flexibility and cost reduction. Low voltage motors, a crucial feature in contemporary robotic systems, allow robots to execute many tasks proficiently, accurately and in an energy-efficient way across numerous industries and applications. For example, the International Federation of Robotics, a non-profit organization located in Germany, noted in its Industrial Robots Statistics 2023 report that approximately 404,578 industrial robots were established in Asia in 2022, a 5% rise compared to the 385,143 units set up in 2021. Thus, escalating automation in different industries propels the growth of the low-voltage motor market.
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Which Key Market Leaders Are Driving Low Voltage Motor Industry Growth?
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
What Are the Emerging Trends in the Low Voltage Motor Industry?
Leading corporations in the low-voltage motor market are designing electric motors to cater to the changing needs of the industry. An electric motor is a device that turns electrical power into mechanical energy. For example, in March 2022, Kirloskar Oil Engines Ltd., a firm based in India that manufactures power-generating sets, released their high-efficiency low voltage electric motors. These are specifically designed to operate machines for multiple industrial uses. Made from superior quality copper wires, these motors have been tested by a BIS-approved, NABL-accredited lab to guarantee exceptional performance and efficacy. This launch represents a significant progression for KOEL in the electric motor sector, bolstering its industry presence and providing innovative solutions in line with customer requirements.
What Are the Main Segments in the Low Voltage Motor Market?
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
Subsegments:
1) By International Efficiency 1 (IE1) Low-Voltage Motors: Standard Efficiency Motors
2) By International Efficiency 2 (IE2) Low-Voltage Motors: High Efficiency Motors
3) By International Efficiency 3 (IE3) Low-Voltage Motors: Premium Efficiency Motors
4) By International Efficiency 4 (IE4) Low-Voltage Motors: Super Premium Efficiency Motors
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Which Geographic Area Leads the Low Voltage Motor Market?
Asia-Pacific was the largest region in the low voltage motor market in 2024. The regions covered in the low voltage motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Low Voltage Motor Global Market Report?
- Market Size Analysis: Analyze the Low Voltage Motor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Low Voltage Motor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Low Voltage Motor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Low Voltage Motor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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