PUBLISHER: IMARC | PRODUCT CODE: 1423082
PUBLISHER: IMARC | PRODUCT CODE: 1423082
Low Voltage Electric Motor Market Report by Efficiency, End-Use Industry, Application, and Region 2024-2032
Abstract
The global low voltage electric motor market size reached US$ 14.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
Low-voltage electric motors refer to motors which utilise voltage less than 1000V. The main characteristics of these motors include improved quality and productivity, positive energy balance and high safety standards. Owing to this, low-voltage electric motors are installed in lifts, compressors, fans, chillers, air-handling units and pumps. In addition, they find applications in diverse industries such as food and beverage, automotive, packaging, mining, oil and gas, etc.
Increasing industrialization across the globe is fuelling the growth of the automation industry. This has created a huge demand for low-voltage electric motors so as to minimize the additional cost of production. Moreover, a shift in consumer preference from low-efficiency motors to high-efficiency and energy-saving motors has propelled the demand for low-voltage motors. Further, a surge in construction and renovation of residential spaces worldwide is expected to influence the market growth in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global low voltage electric motor market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on efficiency, end-use industry and application.
Breakup by Efficiency:
Standard Efficiency
High Efficiency
Premium Efficiency
Super Premium Efficiency
Based on efficiency, the market has been segmented into standard, high, premium and super premium efficiency. Currently, high efficiency low-voltage electric motors dominate the market, holding the largest share.
Breakup by End-Use Industry:
Commercial HVAC Industry
Food, Beverage and Tobacco Industry
Mining Industry
Utilities
Others
On the basis of end-use industry, commercial HVAC represents the largest segment.
Breakup by Application:
Pumps and Fans
Compressors
Others
The market has also been segregated on the basis of application into pumps and fans, and compressors. Amongst these, pumps and fans hold the majority of the total market.
Breakup by Region:
North and South America
Europe, Middle East and Africa
China
Others
Region-wise, Europe, Middle East and Africa is the leading market, accounting for the largest share globally. Other major markets include North and South America, and China.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being ABB, Siemens, WEG, TECO E&M, Regal Beloit, Leroy-Somer, Shandong Huali, Hyundai Heavy Industries, Hyosung Corporation and NIDEC.
This report provides a deep insight into the global low-voltage electric motor industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a low-voltage electric motor manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the low-voltage electric motor industry in any manner.
Key Questions Answered in This Report
- 1. What was the size of the global low voltage electric motor market in 2023?
- 2. What is the expected growth rate of the global low voltage electric motor market during 2024-2032?
- 3. What are the key factors driving the global low voltage electric motor market?
- 4. What has been the impact of COVID-19 on the global low voltage electric motor market?
- 5. What is the breakup of the global low voltage electric motor market based on the efficiency?
- 6. What is the breakup of the global low voltage electric motor market based on the end-use industry?
- 7. What is the breakup of the global low voltage electric motor market based on the application?
- 8. What are the key regions in the global low voltage electric motor market?
- 9. Who are the key players/companies in the global low voltage electric motor market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electric Motor Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Market Breakup by Region
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Application
- 5.6 Market Forecast
6 Global Low Voltage Electric Motor Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.3 Impact of COVID-19
- 6.4 Market Breakup by Region
- 6.5 Market Breakup by Power Ratings
- 6.6 Market Breakup by Efficiency
- 6.7 Market Breakup by End-Use Industry
- 6.8 Market Breakup by Application
- 6.9 Market Forecast
- 6.10 Key Market Drivers and Success Factors
7 Global Low Voltage Electric Motor Market: Performance of Key Regions
- 7.1 North and South America
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Europe, Middle East and Africa
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 China
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Global Low Voltage Electric Motor Market: Breakup by Efficiency
- 8.1 Standard Efficiency
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 High Efficiency
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Premium Efficiency
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Super Premium Efficiency
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Global Low Voltage Electric Motor Market: Breakup by End-Use Industry
- 9.1 Commercial HVAC Industry
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Food, Beverage and Tobacco Industry
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Mining Industry
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Utilities
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Global Low Voltage Electric Motor Market: Breakup by Application
- 10.1 Pumps and Fans
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Compressors
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Other Applications
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Global Low Voltage Electric Motor Market: Competitive Landscape
- 11.1 Market Structure
- 11.2 Market Share of Key Players
12 Global Low Voltage Electric Motor Market: SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Global Low Voltage Electric Motor Market: Value Chain Analysis
14 Global Low Voltage Electric Motor Market: Porter's Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Low Voltage Electric Motor Manufacturing Process
- 15.1 Product Overview
- 15.2 Detailed Process Flow
- 15.3 Various Types of Unit Operations Involved
- 15.4 Mass Balance and Raw Material Requirements
16 Project Details, Requirements and Costs Involved
- 16.1 Land Requirements and Expenditures
- 16.2 Construction Requirements and Expenditures
- 16.3 Plant Layout
- 16.4 Plant Machinery
- 16.5 Raw Material Requirements and Expenditures
- 16.6 Packaging Requirements and Expenditures
- 16.7 Transportation Requirements and Expenditures
- 16.8 Utility Requirements and Expenditures
- 16.9 Manpower Requirements and Expenditures
- 16.10 Other Capital Investments
17 Loans and Financial Assistance
18 Project Economics
- 18.1 Capital Cost of the Project
- 18.2 Techno-Economic Parameters
- 18.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 18.4 Taxation and Depreciation
- 18.5 Income Projections
- 18.6 Expenditure Projections
- 18.7 Financial Analysis
- 18.8 Profit Analysis
19 Key Player Profiles
- 19.1 ABB
- 19.2 Siemens
- 19.3 WEG
- 19.4 TECO E&M
- 19.5 Regal Beloit
- 19.6 Leroy-Somer
- 19.7 Shandong Huali
- 19.8 Hyundai Heavy Industries
- 19.9 Hyosung Corporation
19. 10 NIDEC
List of Figure
- Figure 1: Global: Low Voltage Electric Motor Market: Major Drivers and Challenges
- Figure 2: Global: Electric Motors Market (in Billion US$), 2018-2023
- Figure 3: Global: Electric Motors Market: Breakup by Region (in %), 2023
- Figure 4: Global: Electric Motors Market: Breakup by Product Type (in %), 2023
- Figure 5: Global: Electric Motors Market: Breakup by Application (in %), 2023
- Figure 6: Global: Electric Motors Market Forecast (in Billion US$), 2024-2032
- Figure 7: Global: Low Voltage Electric Motor Market (in Billion US$), 2018-2023
- Figure 8: Global: Low Voltage Electric Motor Market: Breakup by Region (% by Revenues), 2023
- Figure 9: Global: Low Voltage Electric Motor Market: Breakup by Power Ratings (% by Revenues), 2023
- Figure 10: Global: Low Voltage Electric Motor Market: Breakup by Efficiency (% by Revenues), 2023
- Figure 11: Global: Low Voltage Electric Motor Market: Breakup by End-Use Industry (% by Revenues), 2023
- Figure 12: Global: Low Voltage Electric Motor Market: Breakup by Application (% by Revenues), 2023
- Figure 13: Global: Low Voltage Electric Motor Market Forecast (in Billion US$), 2024-2032
- Figure 14: Global: Low Voltage Electric Motor Industry: SWOT Analysis
- Figure 15: Global: Low Voltage Electric Motor Industry: Value Chain Analysis
- Figure 16: Global: Low Voltage Electric Motor Industry: Porter's Five Forces Analysis
- Figure 17: North and South America: Low Voltage Electric Motor Market (in Billion US$), 2018 & 2023
- Figure 18: North and South America: Low Voltage Electric Motor Market Forecast (in Billion US$), 2024-2032
- Figure 19: Europe, Middle East and Africa: Low Voltage Electric Motor Market (in Billion US$), 2018 & 2023
- Figure 20: Europe, Middle East and Africa: Low Voltage Electric Motor Market Forecast (in Billion US$), 2024-2032
- Figure 21: China: Low Voltage Electric Motor Market (in Billion US$), 2018 & 2023
- Figure 22: China: Low Voltage Electric Motor Market Forecast (in Billion US$), 2024-2032
- Figure 23: Others: Low Voltage Electric Motor Market (in Billion US$), 2018 & 2023
- Figure 24: Others: Low Voltage Electric Motor Market Forecast (in Billion US$), 2024-2032
- Figure 25: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: Standard Efficiency Electric Motors (in Billion US$), 2018 & 2023
- Figure 26: Global: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency: Standard Efficiency Electric Motors (in Billion US$), 2024-2032
- Figure 27: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: High Efficiency Electric Motors (in Billion US$), 2018 & 2023
- Figure 28: Global: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency: High Efficiency Electric Motors (in Billion US$), 2024-2032
- Figure 29: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: Premium Efficiency Electric Motors (in Billion US$), 2018 & 2023
- Figure 30: Global: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency: Premium Efficiency Electric Motors (in Billion US$), 2024-2032
- Figure 31: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: Super Premium Efficiency Electric Motors (in Billion US$), 2018 & 2023
- Figure 32: Global: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency: Super Premium Efficiency Electric Motors (in Billion US$), 2024-2032
- Figure 33: Global: Low Voltage Electric Motor Market: Commercial HVAC Industry (in Billion US$), 2018 & 2023
- Figure 34: Global: Low Voltage Electric Motor Market Forecast: Commercial HVAC Industry (in Billion US$), 2024-2032
- Figure 35: Global: Low Voltage Electric Motor Market: Food, Beverage and Tobacco Industry (in Billion US$), 2018 & 2023
- Figure 36: Global: Low Voltage Electric Motor Market Forecast: Food, Beverage and Tobacco Industry (in Billion US$), 2024-2032
- Figure 37: Global: Low Voltage Electric Motor Market: Mining Industry (in Billion US$), 2018 & 2023
- Figure 38: Global: Low Voltage Electric Motor Market Forecast: Mining Industry (in Billion US$), 2024-2032
- Figure 39: Global: Low Voltage Electric Motor Market: Utilities (in Billion US$), 2018 & 2023
- Figure 40: Global: Low Voltage Electric Motor Market Forecast: Utilities (in Billion US$), 2024-2032
- Figure 41: Global: Low Voltage Electric Motor Market: Other End-Use Industries (in Billion US$), 2018 & 2023
- Figure 42: Global: Low Voltage Electric Motor Market Forecast: Other End-Use Industries (in Billion US$), 2024-2032
- Figure 43: Global: Low Voltage Electric Motor Market: Pumps and Fans (in Billion US$), 2018 & 2023
- Figure 44: Global: Low Voltage Electric Motor Market Forecast: Pumps and Fans (in Billion US$), 2024-2032
- Figure 45: Global: Low Voltage Electric Motor Market: Compressors (in Billion US$), 2018 & 2023
- Figure 46: Global: Low Voltage Electric Motor Market Forecast: Compressors (in Billion US$), 2024-2032
- Figure 47: Global: Low Voltage Electric Motor Market: Other Applications (in Billion US$), 2018 & 2023
- Figure 48: Global: Low Voltage Electric Motor Market Forecast: Other Applications (in Billion US$), 2024-2032
- Figure 49: Electric Motor: Major Parts and Assembly Line Operations
- Figure 50: Electric Motor Assembling: Various Types of Unit Operations Involved
- Figure 51: AC Squirrel Cage Induction Motor Manufacturing Process: Conversion Rate of Products
- Figure 52: DC Brushless Motor Manufacturing Process: Conversion Rate of Products
- Figure 53: Interior Permanent Magnet Motor Manufacturing Process: Conversion Rate of Products
List of Table
- Table 1: Global: Electric Motor Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Low Voltage Electric Motor Market: Key Industry Highlights, 2023 and 2032
- Table 3: Global: Low Voltage Electric Motor Market Forecast: Breakup by Region (in Billion US$), 2024-2032
- Table 4: Global: Low Voltage Electric Motor Market Forecast: Breakup by Power Ratings (in Billion US$), 2024-2032
- Table 5: Global: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (in Billion US$), 2024-2032
- Table 6: Global: Low Voltage Electric Motor Market Forecast: Breakup by End-Use Industry (in Billion US$), 2024-2032
- Table 7: Global: Low Voltage Electric Motor Market Forecast: Breakup by Application (in Billion US$), 2024-2032
- Table 8: Global: Low Voltage Electric Motor Market: Competitive Structure
- Table 9: Global: Low Voltage Electric Motor Market: Key Players
- Table 10: Electric Motors Manufacturing Plant: Costs Related to Land and Site Development (in US$)
- Table 11: Electric Motors Manufacturing Plant: Costs Related to Civil Works (in US$)
- Table 12: Electric Motors Manufacturing Plant: Proposed Plant Layout
- Table 13: Electric Motors Manufacturing Plant: Machinery Costs (in US$)
- Table 14: Electric Motors Manufacturing Plant: Raw Material Requirements (in Units/Day)
- Table 15: Electric Motors Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
- Table 16: Electric Motors Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
- Table 17: Electric Motors Manufacturing Plant: Breakup of Capital Costs (in %)
- Table 18: Electric Motor Manufacturing Plant: Breakup of Profit Margins at Various Level of the Supply Chain
- Table 19: Electric Motors Manufacturing Plant: Breakup of Production Costs (in %)
- Table 20: Details of Financial Assistance Offered by Financial Institutions
- Table 21: Electric Motors Manufacturing Plant: Capital Costs (in US$)
- Table 22: Electric Motors Manufacturing Plant: Techno-Economic Parameters
- Table 23: Electric Motor Manufacturing Plant: Taxation (in US$)
- Table 24: Electric Motor Manufacturing Plant: Depreciation (in US$)
- Table 25: Electric Motor Manufacturing Plant: Income Projections (in US$)
- Table 26: Electric Motor Manufacturing Plant: Expenditure Projections (in US$)
- Table 27: Electric Motor Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
- Table 28: Electric Motor Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
- Table 29: Electric Motor Manufacturing Plant: Profitability Analysis
