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Low Voltage Motors - Global Market Trajectory & Analytics

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    Report

  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140701
Global Low Voltage Motors Market to Reach $43.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Low Voltage Motors estimated at US$26 Billion in the year 2020, is projected to reach a revised size of US$43.4 Billion by 2027, growing at a CAGR of 7.6% over the analysis period 2020-2027. IE 1, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$5.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the IE 2 segment is readjusted to a revised 8.9% CAGR for the next 7-year period.





The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 11.7% CAGR

The Low Voltage Motors market in the U.S. is estimated at US$7.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2027 trailing a CAGR of 11.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

IE 3 Segment to Record 7.7% CAGR

In the global IE 3 segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.5 Billion in the year 2020 will reach a projected size of US$12 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.1 Billion by the year 2027, while Latin America will expand at a 9.1% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • ABB Group
  • GE Power Conversion
  • Hyosung Corporation
  • Hyundai Heavy Industries Co., Ltd.
  • Nidec Corporation
  • Regal Beloit Corporation
  • Shandong Huali Electric Motor Group Co., Ltd.
  • Siemens AG
  • TECO Electric & Machinery Co., Ltd.
  • Toshiba Corp.
  • WEG Equipamentos Eletricos S.A.
Frequently Asked Questions about the Global Market for Low Voltage Motors

What is the estimated value of the Global Market for Low Voltage Motors?

The Global Market for Low Voltage Motors was estimated to be valued at $26 Billion in 2020.

What is the growth rate of the Global Market for Low Voltage Motors?

The growth rate of the Global Market for Low Voltage Motors is 7.6%, with an estimated value of $43.4 Billion by 2027.

What is the forecasted size of the Global Market for Low Voltage Motors?

The Global Market for Low Voltage Motors is estimated to be worth $43.4 Billion by 2027.

Who are the key companies in the Global Market for Low Voltage Motors?

Key companies in the Global Market for Low Voltage Motors include ABB Group, GE Power Conversion, Hyosung Corporation, Hyundai Heavy Industries Co. Ltd., Nidec Corporation, Regal Beloit Corporation, Shandong Huali Electric Motor Group Co. Ltd., Siemens AG and Toshiba Corp..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 46

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Group
  • GE Power Conversion
  • Hyosung Corporation
  • Hyundai Heavy Industries Co. Ltd.
  • Nidec Corporation
  • Regal Beloit Corporation
  • Shandong Huali Electric Motor Group Co. Ltd.
  • Siemens AG
  • TECO Electric & Machinery Co. Ltd.
  • Toshiba Corp.
  • WEG Equipamentos Eletricos S.A.