Press release
Low Voltage Motors Market to Rise at a CAGR of 9.56% to 2021: Growth Factors & Trends
The Report analysts forecast the global low voltage motors market to grow at a CAGR of 9.56% during the period 2017-2021.Low voltage motors operate at a voltage below 1,000 V and can deliver a power output of 1,000 kW. As compared with the ordinary motors, these motors are energy efficient and can provide the desired output by achieving optimality in operations. Low voltage motors convert electrical energy into mechanical energy to drive electrical equipment. These motors reduce energy consumption and carbon emissions, providing cost effectiveness to companies with less impact on the environment.
Covered in this report
The report covers the present scenario and the growth prospects of the global low voltage motors market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography: Americas, APAC, EMEA
The report, Global Low Voltage Motors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors ABB, ATB, GE, Nidec, Siemens, WEG
Other prominent vendors AMK, Hanzel, Marelli Motori, OME
Market driver
For a full, detailed list, view our report
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Market challenge Low voltage motors are susceptible to corrosion, For a full, detailed list, view our report
Market trend Smart sensors used in low voltage motors, For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2021 and what will the growth rate be What are the key market trends?, What is driving this market?, What are the challenges to market growth?, Who are the key vendors in this market space?, What are the market opportunities and threats faced by the key vendors?, What are the strengths and weaknesses of the key vendors
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