Low Voltage Motors Market Growth to Nearly Double amid Surging Application in Automotive and HVAC Systems
Saturday, November 27, 2021
The low voltage motors market study by Fact.MR offers exclusive insights for various companies, helping them identify growth opportunities and navigate through challenges in the market. It covers growth drivers and restrains influencing low voltage motors demand worldwide. The study also highlights growth prospects existing in key segments including efficiency class, sector, application, capacity, and region.
NEW YORK, Nov. 19, 2021 /PRNewswire/ -- As per the newly released data by Fact.MR analysis, the global low voltage motors market size is expected to reach US$ 36.6 Bn by the end of 2021. Global sales of low voltage motors are projected to rise at 6.8% CAGR, with overall valuation reaching around US$ 70.6 Bn by 2031.
https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg
Increasing adoption of low voltage motors across various applications such as pumps, fans, compressors and automotive is driving the low voltage motor market.
Swift transition of energy sector from fuel powered motors to green and efficient technologies is creating a plethora of opportunities for growth within the low voltage motors market. Low voltage motors offer various advantages such as long operating life, low maintenance cost and high energy efficiency.
Hence, they are being increasingly utilized in various industries, ranging from manufacturing and agriculture to automotive. On the back of this, sales of low voltage motors are expected to increase by 2x by the end of 2031.
Technological advancements in low voltage motors are anticipated to boost their sales during the forecast period. Manufacturers are integrating modern technologies such as smart sensors in low voltage motors to monitor to track accurate measurement of various parameters.
Additionally, rising adoption of electric vehicles and expanding construction sector will continue to create lucrative growth avenues for the market.
For Critical Insights On This Market, Request For More Info
https://www.factmr.com/connectus/sample?flag=S&rep_id=256
In terms of sector, the commercial HVAC low voltage motors segment is expected to hold around 45% of global revenue share by 2031. As low voltage motors are energy efficient and comply with governmental guidelines, they are being increasingly adopted in HVAC systems.
Expansion of residential and commercial sectors will continue to boost the sales of HVAC low voltage motors over the assessment period. Additionally, commercial HVAC low voltage motors market is expected to witness significant growth.
Regionally, Asia low voltage motors market is projected to witness the fastest growth, owing to the rising demand for energy-efficient motors across various applications. Moreover, introduction of favorable policies by government is helping the manufactures to penetrate deeper into emerging economies such as India, China, and Japan.
"Growing preference for automation in various industries such as construction, automotive, and others is fuelling the demand for low voltage motors. In order to capitalize on the rising demand, key manufacturers are establishing new facilities in emerging economies. This also will help them strengthen their global footprint" says a Fact.MR analyst
Key Takeaways from Low Voltage Motors Market Survey
-- With rapid industrialization and growing preferences for electric
vehicles, North America low voltage motors market is projected to expand
at 5% CAGR between 2021 and 2031.
-- Europe is anticipated to register a CAGR of 6% over the forecast period
driven by increasing demand from the construction industry.
-- Asia is expected to emerge as the most lucrative market for low voltage
motors, expanding at around 7% CAGR through 2031.
-- Based on efficiency class, IE1 low voltage motors category is slated to
grow by 5% CAGR over the assessment period.
-- The commercial HVAC low voltage motors segment is expected to account
for around half of global revenue share by 2031.
Key Drivers
-- Rising demand for energy-efficient technologies is expected to propel
the demand for low voltage motors.
-- Implementation of regulation pertaining to rising carbon emission levels
will continue encouraging installation of low voltage motors across
industries.
-- Growing industrial automation is accelerating the growth in low voltage
motors market and the trend is likely to continue in the future.
To learn more about Low Voltage Motors Market, you can get in touch with our Analyst at
https://www.factmr.com/connectus/sample?flag=AE&rep_id=256
Competitive Landscape
Leading companies operating in low voltage motors market are focusing on developing advanced products integrated with modern technologies. They have adopted various strategies such as product launches, mergers, partnerships and acquisitions to expand their global footprint.
-- In August 2021, ABB expanded its manufacturing capacity for low voltage
motors at its Faridabad facility, powered by renewable energy. The
expansion will increase plant capacity by more than 20 percent and will
further strengthen ABB's presence in the region and global markets. The
new line will develop energy efficient motors up to 55 kW for customers
operating in different industrial segments such as F & B, HVAC and water
& wastewater.
-- In March 2021, Siemans acquired C & S Electric for 21 Bn, after
receiving the Competition Commission of India' s approval. with this
acquisition Siemans aims to develop an export hub for supplying
low-voltage products to global markets.
-- In October 2020, WEG Industries launched W12, a light and versatile
motor for industrial applications. The new motor was designed to meet
with competitiveness and higher performance industrial applications such
as gearboxes and pumps.
-- In July 2020, Dana Incorporated introduced new drive technologies for
material-handling vehicles, including a low-voltage, high-efficiency
motor for electric-powered applications, as well as a new series of
modular, high-efficiency drive axles for Class I, IV, and V industrial
lift trucks.
Some of the prominent players operating in the low voltage motors market profiled by Fact.MR are:
-- ABB Ltd.
-- Siemens AG
-- WEG Industries
-- Nidec Corporation
-- General Electric Company (GE)
-- Toshiba Corporation
-- Hyosung Corporation
-- Hyundai Heavy Industries Co. Ltd.
-- Shangdong Huali Electric Motor Group Co. Ltd.
-- Regal Rexnord Corporation
-- TECO Electric & Machinery Co. Ltd.
More Insights on the Global Low Voltage Motors Sales Outlook
Fact.MR provides an unbiased analysis of low voltage motors market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for low voltage motors with a detailed segmentation on the basis of:
Efficiency Class
-- IE 1 Low Voltage Motors
-- IE 2 Low Voltage Motors
-- IE 3 Low Voltage Motors
-- IE 4 Low Voltage Motors
-- DC Low Voltage Motors
-- Others Low Voltage Motors
Sector
-- Commercial HVAC Low Voltage Motors
-- F&B Manufacturing Low Voltage Motors
-- Mining Low Voltage Motors
-- Utilities Low Voltage Motors
-- Other Sectors Low Voltage Motors
Application
-- Low Voltage Compressors
-- Low Voltage Pumps & Fans
-- Low Voltage Conveyors
-- Low Voltage Crushers
-- Low Voltage Extruders
-- Other Applications
Capacity
-- 0.75 - 2.1 kW Low Voltage Motors
-- 7.4 kW Low Voltage Motors
-- 7.5 - 45 kW Low Voltage Motors
-- 46 - 75 kW Low Voltage Motors
-- 76 - 110 kW Low Voltage Motors
-- 111 - 375 kW Low Voltage Motors
-- > 375 kW Low Voltage Motors
Regions
-- North America
-- Latin America
-- Europe
-- East Asia
-- South Asia
-- Oceania
-- MEA
Key Questions Covered in the Low Voltage Motors Market Outlook Report
-- The report offers insight into low voltage motors demand outlook for
2021-2031
-- The market study also highlights projected sales growth for low voltage
motors market between 2021 and 2031
-- Low voltage motors market survey identifies key growth drivers,
restraints, and other forces impacting prevailing trends and evaluation
of current market size and forecast and technological advancements
within the industry
-- Low voltage motors market share analysis of the key companies within the
industry and coverage of strategies such as mergers & acquisitions,
joint ventures, collaborations or partnerships, and others
Explore Fact.MR's Coverage on the Automotive Domain -
Vibration Motors Market Scope- Vibration Motors are small coreless DC motors that vibrate without making a sound to alert users to any notifications linked with a component or piece of equipment. The wide range of applications for vibration motors in numerous end-use sectors is driving up demand. The report provides a market forecast and analysis for the worldwide vibration motors industry, providing consumers with in-depth information and analysis on the major variables that are expected to drive market growth during the forecast period. The consumer electronics industry, which accounts for a large percentage of vibration motor demand, is expected to continue to be strong.
Small Motors Market Forecast- The demand for small motors is being sustained by consumers' growing preference for compact electronic products. A fundamental feature of compact motors that has been pushing their sales in recent years is the elimination of additional accessories that are utilized in conventional motors. Furthermore, the growing trend of shrinking in the electronics industry has aided in the use of small motors. The small motors market is expected to expand due to rising demand for small motors in medical equipment due to its high efficiency, longer life, and reduced replacement costs as compared to their conventional counterparts.
EV Traction Motor Market Insights- Severe and demanding emission-control legislation have been enacted to ensure environmental sustainability, which is driving the EV traction motor market. In the past, a thriving electric vehicle market has pushed expansion potential. Automobile manufacturers are migrating to generating increased supplies of hybrid, plug-in hybrid, and electric vehicles as governments throughout the world impose stringent emission control rules. Tax breaks for manufacturers, large budgetary expenditures to support electric vehicle infrastructure, and fiscal relief are all likely to be offered.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology to even the most niche categories. 80% of Fortune 1000's trust us in critical decision making.
MarketNgage is powered by Fact.MR - our Unified Intelligence Engine, a revolutionary Market Research Subscription platform with a flexible pricing to suit your needs.
You can access all our automotive research reports by signing up with MarketNgage's Market Research Subscription with FREE credits. MarketNgage is powered by Fact.MR - A Fully integrated research solution for seamless single-window access Widest coverage on emerging markets, nascent products, and disruptive technologies.
Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
View original content:https://www.prnewswire.com/news-releases/low-voltage-motors-market-growth-to-nearly-double-amid-surging-application-in-automotive-and-hvac-systems-301429098.html
SOURCE Fact.MR
|
|
|
|
|
 |
Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution | Jan 22, 2026
|
|
Sup AI Sets New Benchmark Record with 52.15% on Humanity's Last Exam | Jan 22, 2026
|
|
Weekly Recap: 11 Tech Press Releases You Need to See | Jan 22, 2026
|
|
Trigent Partners with WeWork India to Expand its GCC Footprint | Jan 22, 2026
|
|
DEADLINE ANNOUNCED FOR 2026 NEW TOP-LEVEL DOMAIN APPLICATIONS | Jan 22, 2026
|
|
Exia Labs Brings Keystone to the U.S. Navy via DIU's Blue Object Management Challenge | Jan 22, 2026
|
|
Genpact Named a Leader in ISG Provider Lens(TM) 2025 for Insurance GCCs and Agentic AI Services | Jan 22, 2026
|
|
Marketing Evolution Announces New Investment Led by Insight Partners to Power AI-Ready Marketing Data for the Agentic Era | Jan 22, 2026
|
|
Glasswall Brings Defense-Level File Sanitization to Every Government Agency and Business Using Microsoft 365 | Jan 22, 2026
|
|
Altair HyperWorks 2026 Delivers Design and Simulation at Scale with AI | Jan 22, 2026
|
|
|
