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Low Voltage Motors - Global Market Trajectory & Analytics

  • ID: 5140701
  • Report
  • September 2020
  • Region: Global
  • 295 pages
  • Global Industry Analysts, Inc
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Global Low Voltage Motors Market to Reach US$43.4 Billion by the Year 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 grow at a 8.4% CAGR to 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. This segment currently accounts for a 15.2% share of the global Low Voltage Motors market.

The U. S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 11.7% CAGR for the Period of 2020-2027

The Low Voltage Motors market in the U. S. is estimated at US$7.5 Billion in the year 2020. The country currently accounts for a 28.86% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$8.4 Billion in the year 2027 trailing a CAGR of 11.7% through 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 while Rest of European market (as defined in the study) will reach US$8.4 Billion by the year 2027.

IE 3 Segment Corners a 38% Share in 2020

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. We bring years of research experience to this 7th edition of our report. The 295-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Low Voltage Motors Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Low Voltage Motors Market Share (in %) by Company: 2018 & 2027
  • Market Analytics
CANADA

JAPAN

CHINA

EUROPE
  • Market Facts & Figures
  • European Low Voltage Motors Market: Competitor Market Share Scenario (in %) for 2018 & 2027
  • Market Analytics
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: 44
Note: Product cover images may vary from those shown
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