Low Voltage Motor Market

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Low Voltage Motor Market
Global Low Voltage
Motor Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
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Report
Description
Report Description
The low voltage motors are extensively being used in several industries such as mining,
food & beverages, oil & gas, automotive, packaging etc., driven by the profuse growth in
industrialization and steadily rising demand for energy across the globe. These are the
motors that run at voltages less than 1000 V and generate maximum power that aid to
improve productivity, quality and save the energy.
Various motor efficiency legislations which have been enacted all over the world, are
likely to drive the global low voltage motor market during the forecast period. According
to these legislations, more expensive and more energy efficient motors are mandated to
manufacturers.
The global low voltage market is forecasted to grow with a single digit CAGR during the
forecast period and is anticipated to hold a strong potential in coming 4-5 years. Most of
the manufacturers are now focusing towards advanced technology and quality low
voltage motors to enhance their production process which in turn had led to the increase
in demand for the advanced low voltage motors.
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Report
Description
Report Description
Global Low Voltage Motor Market: Drivers & Restraints
With rise in technological advancement, increasing demand for machineries across the
world and advantages offered by low voltage motors due to its efficient nature, the
global low voltage motor market is anticipated to show the robust growth during the
forecast period. The growing consumption of low voltage motors by end user industries
will continue to drive the growth in low voltage market over the forecast period.
In addition, stringent motor efficiency legislation and retrofits due to aging equipment
are expected to impact the global low voltage motor market in a positive way.
Global Low Voltage Motor Market: Market Segmentation
On the basis of product type the global low voltage motor market is segmented into four
types
IE1
IE2
IE3
IE4
Report
Description
Report Description
On the basis of end use industry the global low voltage motor market is segmented into
six types
Automotive
Mining
Electronics
Textile
Food & Beverages
Others
Global Low Voltage Motor Market: Regional Outlook
Depending on geographic regions, global low voltage motor market is segmented into
seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia
Pacific, Japan, and Middle East & Africa. As of 2014, Asia pacific dominated the global low
voltage motor market owing to the growing consumption of low voltage motors by
automotive and electronics industry, in this region. In addition, China is the largest
country market for low voltage motor in Asia Pacific and is poised to show strong
opportunities for low voltage motors in near future. After Asia Pacific North America is
projected to show the vigorous growth in global low voltage motor market, especially
due to the increasing demand of low voltage motors in countries like US and Canada,
during the forecast period.
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Description
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Global Low Voltage Motor Market: Market Players
Some of the major players operating in global low voltage motor market are ABB, TECOWestinghouse Motor Company, Siemens, Hyosung Power and Industrial Systems
Performance Group, Anhui Wannan Electric Machine, ATB Group, Leroy Somer, LEZ
Ruselprom, Luan JiangHuai, NIDEC, Regal Beloit, Shandong Huali Electric Motor Group,
GE Industrial, Toshiba International, WEG, VEM Group, etc.
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