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Low Voltage Motor Market Study Highlights How Industry Demand Is Evolving
Low Voltage Motor Market
Projected Growth of the Low Voltage Motor Market by 2030
The market for low voltage motors is expected to experience robust growth, reaching a value of $65.88 billion by 2030. This expansion reflects a compound annual growth rate (CAGR) of 8.6%. The rise is mainly fueled by stricter energy efficiency regulations, the ongoing electrification of industrial equipment, growth in electric mobility, demand for smart motor technologies, and increased investments in automation. Key trends to watch include the shift toward high-efficiency motors, widespread adoption of IE3 and IE4 motors, greater use in industrial automation, growth in motor retrofit projects, and accelerated demand from the electric vehicle sector.
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Top Companies Leading the Low Voltage Motor Market
Several prominent companies dominate the low voltage motor market landscape, including ABB Group, Siemens AG, WEG S.A., Nidec Corporation, Mitsubishi Electric Corporation, Hitachi Ltd., TECO Electric And Machinery Co. Ltd., Wolong Electric Group, Regal Rexnord Corporation, Toshiba International Corporation, Brook Crompton UK Ltd., VEM Group, Bonfiglioli S.p.A., Hoyer Motors, VYBO Electric, Ruselprom Group, CG Power And Industrial Solutions Ltd., Kirloskar Electric Company Ltd., Lafert Group, ATB Group, Hyundai Electric And Energy Systems Co. Ltd., SEW-EURODRIVE GmbH And Co. KG, Bauer Gear Motor GmbH, TMEIC Corporation, and EMERSON Electric Co.
Strategic Acquisition Strengthens ABB's Market Position
In May 2023, ABB Ltd, a Switzerland-based company specializing in automation machinery, acquired Siemens's low-voltage NEMA motor business for $63 million. This strategic purchase aims to reinforce ABB's leadership in the industrial NEMA motor segment. The acquisition will help ABB better serve its global clientele and aligns with the company's broader growth strategy within its motion business area. Siemens AG, based in Germany, remains a significant manufacturer in the low-voltage motor space.
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Innovations and Trends Transforming the Low Voltage Motor Industry
Leading manufacturers in the low voltage motor market are focusing on developing electric motors that address evolving industry needs. Electric motors convert electrical energy into mechanical energy and are critical in numerous applications. In September 2025, ABB India introduced ultra-premium efficiency low voltage electric motors under the IE5 series. These motors are designed for demanding industrial environments and do not use rare-earth materials, balancing high performance with sustainability. Rated from 45 kW to 1000 kW, these motors employ proven induction-motor technology and offer up to 40% lower energy losses compared to previous generations. This launch marks a significant advancement for ABB, enhancing its product portfolio and meeting growing customer demand for energy-efficient solutions.
Key Segments Driving Growth in the Low Voltage Motor Market
The low voltage motor market is segmented into several categories:
1) By Product Type: International Efficiency (IE) motors categorized as IE1, IE2, IE3, and IE4 low-voltage motors
2) By Application: Including low voltage crushers, compressors, extruders, pumps and fans, and conveyors
3) By End-User Industry: Covering sectors such as food and beverage, mining, automotive, electronics, textile, and other industries
These segments highlight the diverse applications and efficiency classifications that are critical drivers of growth and innovation in the low voltage motor market.
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