North America Considered to be the Most Opportunistic Market for High Quality Low Voltage Motors – Fact.MR Study

250 Pages High Quality Low Voltage Motors Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

Latest industry analysis by Fact MR, predicts sales of High Quality Low Voltage Motors to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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The report offers actionable and valuable market insights of High Quality Low Voltage Motors. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of High Quality Low Voltage Motors Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of High Quality Low Voltage Motors market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of High Quality Low Voltage Motors

In 2018, demand for low voltage motors surpassed US$ 25 Bn, growing at a Y-o-Y growth rate of 8.8% in 2019. After emerging from the recessionary downturn induced by COVID-19, sales are expected to be valued at US$ 36.6 Bn by the end of 2021. Long-term growth prospects appear highly optimistic, with an anticipated revenue share of US$ 70.6 Bn as of 2031. Overall, the industry is slated to expand nearly 2x throughout the forecast period of 2021-2031.

Market Size 2021 US$ 36.6 Bn
Projected Market Forecast 2031 US$ 70.6 Bn
Growth Rate 2021-2031 6.8% CAGR
Most Prominent Market Asia (7% CAGR)

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Key Segments Covered

  • 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

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Competitive Landscape

Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit from products that are eco-friendly by nature.

  • On August, 25th 2021, to expand its manufacturing capacity of low voltage motors, ABB recently added a manufacturing line in its Faridabad manufacturing plant. With the new line of development for customers operating in different industries such as food & beverage, water & wastewater, cement, metals and mining, HVAC, textiles, and rubber can get energy-efficient motors up to 55kW. The expansion further enhances the commitment to the “Make in India” initiative
  • In March 2021, Siemens acquired an electrical equipment manufacturer C&S Electric after securing approval from the Competition Commission of India. The company acquired 99.22% equity shares in C&S Electric from its promoters for ?21 billion. Through this acquisition, the company plans to enter the Indian market and create a hub for exporting low-voltage products overseas
  • In November 2021, WEG Industries announced new investments for its existing electric motor factory in Linhares, Brazil. The investment plan extends up to 2023, in the range of R$ 178.2 million, for the modernization and expansion of the production capacity of electric motors. With this investment, the company aims to expand existing structures to 79,000 square meters

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Report Benefits & Key Questions Answered

  • High Quality Low Voltage Motors Company & brand share analysis: The report offers in-depth High Quality Low Voltage Motors brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
  • High Quality Low Voltage Motors Historical volume analysis: The report offers a comparative analysis between historic sales of High Quality Low Voltage Motors and projected sales performance for 2021-2031
  • High Quality Low Voltage Motors Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
  • High Quality Low Voltage Motors Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
  • Post COVID consumer spending on High Quality Low Voltage Motors: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power

More Valuable Insights on High Quality Low Voltage Motors Market

Fact.MR, in its new report, offers an unbiased Market Analysis of High Quality Low Voltage Motors, Sales and Demand of High Quality Low Voltage Motors, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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