Low Voltage Motors Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR43278

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The low voltage motors market size has the potential to grow by USD 3.22 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (IE1, IE2, IE3, and IE4), geography (APAC, North America, Europe, MEA, and South America), and end-user (process industries, discrete industries, and HVAC). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., General Electric Co., Hitachi Ltd., Nidec Corp., Regal Beloit Corp., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG SA, and Wolong Electric Group Co. Ltd.

Market Overview

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Market Competitive Analysis

The market is fragmented. ABB Ltd., General Electric Co., Hitachi Ltd., Nidec Corp., Regal Beloit Corp., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG SA, and Wolong Electric Group Co. Ltd. are some of the major market participants. Factors such as rising focus on increasing energy efficiency will offer immense growth opportunities. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this low voltage motors market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this low voltage motors market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

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

 

Low Voltage Motors Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The smarter technology solutions in the overall value chain will significantly influence the low voltage motors market's growth in this region.

59% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for low voltage motors market in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the low voltage motors market size.

Low Voltage Motors Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will low voltage motors market growth during the next five years
  • Precise estimation of the low voltage motors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the low voltage motors industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of low voltage motors market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The low voltage motors market growth will increase by $3.22 billion during 2019-2024.
The low voltage motors market is expected to grow at a CAGR of 4.58% during 2019-2024.
Technavio has segmented the low voltage motors market by end user (Process industries, Discrete industries, and HVAC) and geographic (APAC, North America, Europe, MEA, and South America).
ABB Ltd., General Electric Co., Hitachi Ltd., Nidec Corp., Regal Beloit Corp., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG SA, Wolong Electric Group Co. Ltd. are a few of the key vendors in the low voltage motors market.
APAC will register the highest growth rate of 59.32% among the other regions. Therefore, the low voltage motors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • South Korea (Republic of Korea)
The key factors driving the low voltage motors market growth are:
  • Increasing demand for motors that can provide protection against thermal overload
  • Smarter technology solutions in the overall value chain
The low voltage motors market vendors should focus on grabbing business opportunities from the process industries segment as it accounted for the largest market share in the base year.
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