Low Voltage Motors Market to Grow by USD 4.99 Bn |Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast|17,000+ Technavio Research Reports

NEW YORK, Oct. 27, 2021 /PRNewswire/ — The low voltage motors market will grow by USD 4.99 billion at  6.81% from…

NEW YORK, Oct. 27, 2021 /PRNewswire/ — The low voltage motors market will grow by USD 4.99 billion at  6.81% from 2020 to 2025, according to the latest research report from Technavio. The report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size.

For more information on the key market trends, drivers, and challenges impacting potential growth variance,  Download Sample Report!

Technavio analyzes the market by End-user (Process industries, Discrete industries, and HVAC), Type (IE2, IE1, IE3, and IE4), and Geography (APAC, North America, Europe, MEA, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The rising focus on increasing the energy efficiency of electrical components and equipment is expected to have a positive impact on the growth of the low voltage motors market during the forecast period. In addition, manufacturers are focusing on developing low-voltage motors that simplify the requirements of end-users of all regions. However, the emergence of low-cost manufacturers in the low voltage motors market may impede market growth. 

The low voltage motors market covers the following areas:

Low Voltage Motors Market Sizing

Low Voltage Motors Market Forecast

Low Voltage Motors Market Analysis



Companies Mentioned

  • ABB Ltd.
  • General Electric Co.
  • Hitachi Ltd.
  • Nidec Corp.
  • Regal Beloit Corp.
  • Siemens AG
  • TECO-Westinghouse
  • Toshiba Corp.
  • WEG Equipamentos Eletricos SA
  • Wolong ELectric Group

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Low Voltage Motors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.81%

Market growth 2021-2025

USD 4.99 billion

Market structure

Fragmented

YoY growth (%)

3.54

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 55%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., General Electric Co., Hitachi Ltd., Nidec Corp., Regal Beloit Corp., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG Equipamentos Eletricos SA, and Wolong ELectric Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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