Global Low Voltage Electric Motor Market (2020-2026) | COVID-19 IMPACT, Growth, Analysis, Outlook, Industry, Forecast, Trends, Value, Size, Companies, Revenue & Share

Latest (2024) Development in the Global Low Voltage Electric Motor Market

The Global Low Voltage Electric Motor Market has seen significant advancements over the years, driven by the surging demand for energy-efficient solutions and the rapid adoption of automation across various industries. Key developments include the introduction of next-generation motor designs that offer higher efficiency rates, reduced power consumption, and enhanced reliability. Manufacturers are increasingly focusing on integrating smart technologies into electric motors, enabling real-time monitoring, predictive maintenance, and improved performance diagnostics. Additionally, the market is witnessing a robust expansion in renewable energy applications, particularly in wind and solar power generation, where low voltage electric motors play a critical role in operational efficiency. With growing environmental concerns and stringent regulatory frameworks, the push towards sustainable and energy-efficient motor systems is anticipated to continue shaping the market landscape.

Topics Covered in the Global Low Voltage Electric Motor Market

Global Low Voltage Electric Motor Market report thoroughly covers the market by voltage type, by product type, by application, and by regions including North America, South America, Asia Pacific, Europe, Middle East, and Africa. The global low voltage electric motor market outlook report provides an unbiased and detailed analysis of the ongoing global low voltage electric motor 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.

Global Low Voltage Electric Motor Market Synopsis

Global Low Voltage Electric Motor Market is projected to grow in the coming years due to the surging industrial sector, growing automobile industry, and increasing investments in power generation plants. Additionally, the rising number of chemicals, oil, and gas projects across the world would augment the need for water treatment plants propelling the demand for low voltage electric motors as well. Low voltage electric motor is majorly used for energy saving and its wide application across various sectors such as residential, commercial, industrial, and automotive would further increase its proliferation in the years to come. However, the coronavirus outbreak is expected to adversely impact the global low voltage electric motor market in 2020 as governments of various countries have imposed a nationwide lockdown resulting in the closure of all construction operations which would impact the demand for low voltage electric motors. Although, post-COVID-19 the market is expected to recover as the majority of the economic activities would resume normalcy. However, the ongoing global pandemic COVID-19 hampered the overall economic growth of Saudi Arabia, thus, restraining the growth of the Global Low Voltage Electric Motor market as well.

According to 6Wresearch, Global Low Voltage Electric Motor Market size is projected to grow at CAGR of 6.4% during 2020-2026. Global Low Voltage Electric Motor Market is estimated to gain momentum during the forecast period 2020-26F on the back of the rising electronic appliances. Additionally, North America low voltage electric motor market is anticipated generate high sales revenues in the country on the account of increased use of water pumps for the farming process coupled with rising commercial drones especially united states, where electric motor plays a significant role by operating pumps and drones efficiently, is expected to secure massive growth of North America electric motor market, as a result, is estimated to strengthening the global low voltage electric motor market in the coming timeframe. Further, on the basis of end-users, the Residential sector is estimated to secure profitable growth prospects for the market owing to the rising use of electric appliances globally in the house and electronic systems like table fans, drilling machines, and mixtures. These growing electrical appliances serve best to boost the potential growth of the global low voltage electric motor market in the upcoming six years.

Market Analysis by Applications

Among all the applications, the automotive segment has acquired a major chunk in the overall market share of the total market revenues in 2019 and is anticipated to grow at a faster rate due to the growing acceptance of electric vehicles which is catalysing the growth of low voltage electric motors market size globally. EV30@30 campaign was also launched across 13 countries with the goal of accelerating the deployment of electric vehicles with a target of at least 30 percent new electric vehicle sales by 2030. Hence, an upsurge in demand for automotive electric motors is expected over the coming years owing to rising fuel prices and stringent regulations towards reducing the air pollution levels across various countries.

Market Analysis by Geography

Based on regions, Asia Pacific currently holds the largest revenue share in the global low voltage electric motor market on account of various ongoing projects in transportation, energy & power, and industrial verticals in the region. Europe, Middle East, and the Africa region are projected to witness maximum growth among all the regions due to growing demand for energy-efficient motors - marked IE3 and above, for up-gradation of equipment in the automation process especially in Germany, France, and UAE.

Global Low Voltage Electric Motor Market is projected to find its true potential underpinned by the increased purchase of consumer electronics. Further, the growing building automation concept especially in the middle east region with the emerging hospitality sector where high use of electricity simultaneously increased need to maintain thereby the rising HVAC installation and is estimated to boost the demand for low voltage electric motor and is estimated to bolster the growth of the global low voltage electric motor market in the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report

• Global Low Voltage Electric Motor Market Overview
• Global Low Voltage Electric Motor Market Outlook
• Global Low Voltage Electric Motor Market Forecast
• Historical data and Forecast of Global Low Voltage Electric Motor Market Revenues for the Period 2017-2026F
• Historical data and Forecast of Global 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
• Global Low Voltage Electric Motor Market Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• Global Low Voltage Electric Motor Market Share, By players
• Global Low Voltage Electric Motor Market Trends
• Global Low Voltage Electric Motor Market Overview by Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed 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