Low Voltage Electric Motor Market (2024-2030) | Size, Trends, Companies, Growth, Revenue, Outlook, Share, Forecast, Analysis, Value & Industry

Low Voltage Electric Motor Market Highlights

Report Name	Low Voltage Electric Motor Market
Report Category / Coverage	Global
Forecast Period	2024-2030
CAGR	7.3%
Market size	USD 22.9 billion by 2030
Growing Sector	Residential

Topics Covered in Low Voltage Electric Motor Market:

The Low Voltage Electric Motor Market thoroughly covers the market by voltage type, by product type, by application, and by region. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics

Low Voltage Electric Motor Market Size Analysis

The Low Voltage Electric Motor Market has been experiencing significant growth over the past few years. As of 2024, the global market is valued at approximately $17.3 billion. Further, the Global Market is projected to expand at a CAGR of 7.3% from 2024 to 2030. Additionally, by 2030, the market size is expected to reach around $22.9 billion.

Low Voltage Electric Motor Market Synopsis

The Low Voltage Electric Motor market is experiencing significant growth, driven by the increasing demand for energy-efficient motors in various industrial applications. Low voltage electric motors, typically defined as motors operating at voltages up to 1,000 volts, are crucial components in a wide range of sectors including manufacturing, automotive, and HVAC (heating, ventilation, and air conditioning). With the rising emphasis on reducing energy consumption and adhering to stringent regulatory standards, manufacturers are investing heavily in the development of advanced motor technologies. Additionally, the expansion of industrial automation and the growing adoption of electric vehicles are further propelling market growth.

According to 6Wresearch, Low Voltage Electric Motor Market size is expected to grow at a significant CAGR of 7.3% during 2024-2030. the rapid industrialization in emerging economies has significantly increased the demand for electric motors, as industries require efficient and reliable equipment to power machinery. Additionally, the push towards energy efficiency and reducing carbon footprints is encouraging industries to adopt low voltage electric motors, which are known for their efficiency and lower energy consumption. Furthermore, advancements in technology, such as the development of smart motors with integrated IoT capabilities, are also propelling market growth, as these motors offer enhanced performance and monitoring capabilities. 

The initial expense of purchasing and installing low voltage electric motors is one of the main obstacles, and it can be very costly for small and medium-sized businesses. Furthermore, the market's availability of less expensive, less effective substitutes may impede the uptake of high-efficiency motors. Furthermore, these motors' lifetime maintenance and operating expenses can add up, which has an impact on the overall cost of ownership. Finally, the production and availability of low voltage electric motors might be impacted by shifting raw material prices and supply chain disruptions, which could jeopardize the stability and expansion of the market.

Low Voltage Electric Motor Market Trends 

• Growth in Industrial Automation – The industrial sector is increasingly embracing automation to improve productivity and efficiency. Low voltage electric motors are integral to automated systems, driving demand in this segment.
• Expansion in Renewable Energy Sector – The increasing growth of the renewable energy sector, especially in wind and solar power, makes the usage of low voltage electric motors necessary. Solar trackers and wind turbines are only two of the many uses for these motors.
• Economic Growth in Emerging Markets - Emerging economies, particularly in Asia-Pacific, are witnessing rapid industrialization and urbanization, boosting the demand for low voltage electric motors in various industries.

Investment Opportunities in the Low Voltage Electric Motor Market

• Partnerships and Collaborations – Strategic partnerships and collaborations between motor manufacturers and industry leaders are fostering innovation and helping companies gain a competitive edge in the market.
• Electric Vehicle Production – The rising production of electric vehicles (EVs) is propelling the demand for low voltage electric motors, which are crucial for various EV components and systems.
• Renewable Energy Integration - The integration of renewable energy systems, such as wind and solar power, into the existing grid infrastructure necessitates the use of low voltage electric motors, fostering market growth.

Leading Players of the Low Voltage Electric Motor Market

ABB Ltd., Siemens AG, Rockwell Automation Inc., Nidec Corporation, WEG Industries SA, Toshiba Corporation, General Electric Company, and Regal Beloit Corporation are a few of the significant companies involved in the Low Voltage Electric Motor industry. To improve their market position, these companies are concentrating on new product innovations and strategic alliances. These leading players are driving the market forward through strategic collaborations, expansions, and continuous research and development initiatives.

Government Regulations Introduced in the Low Voltage Electric Motor Market

Governments worldwide are actively promoting the use of energy-efficient motors to curb carbon emissions and enhance sustainability. In 2019, the European Union (EU) enacted a regulation mandating that all new motors sold within its member countries must achieve at least IE3 efficiency levels, aiming to significantly reduce energy consumption and environmental impact. Meanwhile, in India, the Bureau of Energy Efficiency (BEE) has introduced a star rating system for electric motors, designed to incentivize industries to adopt more energy-efficient solutions. These initiatives reflect a global commitment to improving energy efficiency, reducing greenhouse gas emissions, and supporting sustainable industrial practices.

Future Insights of the Low Voltage Electric Motor Market

The Low Voltage Electric Motor market is anticipated to experience significant growth during the forecast period owing to the growing demand for energy-efficient solutions as well as rising investments in industrial automation. Government programs encouraging energy efficiency and the expanding use of renewable energy sources are also anticipated to propel the market. Furthermore, it is anticipated that developments in motor technology, such as the creation of brushless DC motors and a rise in the usage of smart motors, will present market participants with profitable prospects.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

100 Volts – 300 Volts to Dominate the Market - By voltage type

According to Ravi Bhandari, Research Head, 6wresearch, the segment of electric motors operating within the 100 volts to 300 volts range plays a crucial role in the Low Voltage Electric Motor market. These motors are widely used in various applications such as industrial machinery, HVAC systems, and home appliances, owing to their efficiency and adaptability. The demand for low voltage motors in this range is driven by the increasing need for energy-efficient solutions and the growing trend towards automation across multiple industries. Additionally, the rise of electric vehicles and advancements in renewable energy sources contribute to the expanding utilization of these motors.

Pumps to dominate the market - By product

The pumps sector within the Low Voltage Electric Motor Market plays a critical role in numerous industrial and commercial applications. Low voltage electric motors are vital for driving pumps in sectors such as water treatment, oil and gas, HVAC, and manufacturing. These motors are preferred due to their efficiency, reliability, and ability to operate under varying load conditions. Advancements in motor technology have led to improved energy efficiency, reducing operational costs and contributing to environmental sustainability. Moreover, the growing emphasis on automation and the need for precise control in industrial processes are driving the demand for advanced low voltage electric motors in pump applications.

Residential to dominate the market – By application

The residential sector is expected to play a significant role in the growth of the Low Voltage Electric Motor market. With increasing urbanization, there is a rising demand for energy-efficient appliances and systems in homes. Low voltage electric motors are extensively utilized in household appliances, HVAC systems, and home automation technologies due to their efficiency and reliability. Additionally, the push for smart home solutions has led to an increase in the adoption of advanced motor technologies that offer better performance and energy savings. As homeowners become more conscious of energy consumption and seek to reduce electricity bills, the demand for efficient low voltage electric motors is anticipated to surge, driving market growth in the residential segment.

APAC to dominate the market – By region

The Asia-Pacific (APAC) region plays a pivotal role in the Low Voltage Electric Motor market. With rapid industrialization and urbanization, countries such as China, India, and Japan are witnessing an increased demand for efficient and reliable electric motors. These motors are essential in various applications, including manufacturing, automotive, and consumer electronics. The robust growth of the APAC market is driven by a combination of economic development, technological innovation, and government policies promoting energy efficiency.

Key Highlights of the Report:

• Low Voltage Electric Motor Market Overview
• Low Voltage Electric Motor Market Outlook
• Low Voltage Electric Motor Market Forecast
• Historical data and Forecast of Low Voltage Electric Motor Market Revenues for the Period 2017-2026F
• Historical data and Forecast of Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Europe, Middle East and Africa Low Voltage Electric Motor Market Revenues for the Period 2017-2026F
• Historical data and Forecast of Europe, Middle East, and Africa Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Asia Pacific Low Voltage Electric Motor Market Revenues for the Period 2017-2026F
• Historical data and Forecast of Asia Pacific Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of North America Low Voltage Electric Motor Market Revenues for the Period 2017-2026F
• Historical data and Forecast of North America Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of South America Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of South America Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of United Kingdom Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of United Kingdom Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Germany Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of Germany Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Italy Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of Italy Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of France Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of France Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Saudi Arabia Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of Saudi Arabia Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of UAE Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of UAE Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of South Africa Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of South Africa Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Egypt Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of Egypt Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of USA Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of USA Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and forecast of Canada Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and forecast of Canada Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Mexico Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of Mexico Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Brazil Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of Brazil Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Argentina Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of Argentina Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Historical data and Forecast of Columbia Low Voltage Electric Motor Market Revenues for the Period, 2017-2026F
• Historical data and Forecast of Columbia Low Voltage Electric Motor Market Revenues, By Voltage Types, Product Types, and Applications for the Period 2017-2026F
• Market Drivers and Restraints
• Low Voltage Electric Motor Market Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• Low Voltage Electric Motor Market Share, By players
• Low Voltage Electric Motor Market Trends
• Low Voltage Electric Motor Market Overview by Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered:

The report offers an in-depth analysis of the following market segments:

By Voltage Types

• 100 Volts – 300 Volts
• 300.1 Volt – 600 Volts
• 600.1 Volt – 1000 Volts

By Product Types

• Fans
• Compressors
• Pumps
• Conveyors
• Other Product Types (Centrifuges, Extruders)

By Applications

• Residential
• Commercial
• Industrial
• Automotive
• Power Utility
• Water Treatment
• Other Applications (Defense, Agriculture)

By Regions

• Europe, Middle East, and Africa
• Asia Pacific
• North America
• South America