PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1886915
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1886915
The global low voltage electric motor market is witnessing strong and sustained growth, driven by industrial automation, rising energy-efficiency requirements, and the expansion of applications across residential, commercial, and industrial sectors. According to the latest report, the market was valued at USD 62.98 billion in 2024, is expected to increase to USD 67.11 billion in 2025, and is projected to reach USD 108.09 billion by 2032, indicating a robust shift toward advanced motor technologies. In 2024, Asia Pacific led the global market with a share of 28.67%, making it the most dominant region due to rapid industrialization and the adoption of advanced manufacturing systems.
Low voltage electric motors operate below 1,000 volts and play an essential role in converting electrical energy into mechanical motion. Known for their efficiency, reliability, and long life cycle, these motors are widely used in industrial automation, home appliances, heating and cooling systems, and increasingly in electric vehicles. Their versatility arises from the availability of both AC and DC motor types, catering to both heavy-duty industrial use and smaller domestic applications.
Market Dynamics
Market Drivers - Rising Adoption of Energy-Efficient Motors
The demand for energy-efficient motors (IE3, IE4 class) is increasing significantly across industries aiming to optimize performance and reduce energy costs. As industrial automation grows rapidly, motors have become indispensable components in systems such as conveyors, pumps, compressors, and HVAC units. Furthermore, with the rise of home appliances and smart devices, the demand for efficient low-voltage motors is expected to escalate sharply. These trends are collectively pushing the market toward continuous growth between 2024 and 2032.
Market Restraints - High Initial Cost
Despite their long-term benefits, high initial investment in premium energy-efficient motors remains a restraint. Small and medium enterprises often avoid switching to high-efficiency IE3 or IE4 motors because of the upfront cost. In addition, fluctuating prices of key raw materials-including copper and rare earth elements-impact overall motor manufacturing costs, creating profitability challenges for producers.
Market Opportunities - Expansion of Electric Vehicles
The global shift toward electric vehicles (EVs) is creating substantial market opportunities. Low voltage motors are increasingly used in EV auxiliary systems like battery cooling, electric steering, HVAC, pumps, and other micro-applications. Major automakers and tech innovators are investing heavily in this segment. For instance, in March 2025, Chery Automobile Co. Ltd. announced plans to invest USD 1 billion in an EV plant in Turkey, supporting motor demand in regional and global EV manufacturing.
Market Trends - Digital Integration in Motors
The integration of digital technologies, smart sensors, IoT platforms, and AI-driven predictive maintenance is reshaping the low-voltage motor landscape. These digital enhancements improve energy optimization, monitor motor health, and reduce downtime. As industries move toward smarter factories and Industry 4.0 systems, digitally connected motors are becoming the preferred choice. Energy conservation awareness is also contributing to the rising demand for highly efficient motors globally.
By Motor Type
By Power Output
By End-User
Regional Analysis
Asia Pacific - Market Leader in 2024
With a market value of USD 18.06 billion in 2024, Asia Pacific leads the global landscape. Growing industrialization, government energy-efficiency mandates, and strong EV manufacturing ecosystems in China, Japan, and India are driving accelerated growth.
North America
The fastest-growing region, driven by technological advancement and dominance of EV manufacturers such as Ford, GM, and Tesla.
Europe
Growth in smart factories, automation, and IoT integration continues to boost demand for efficient motors.
Latin America & Middle East & Africa
These regions are expanding through improved industrial capabilities, rising HVAC demand, and increasing adoption of efficient electrical systems.
Conclusion
The low voltage electric motor market is set for substantial expansion between 2024 and 2032, rising from USD 62.98 billion to USD 108.09 billion. Increasing demand for energy-efficient systems, EV development, and digital motor technologies will remain the core drivers of growth.
Segmentation By Motor Type
By Power Output
By End-User
By Geography