NEW YORK, Oct. 27, 2021 /PRNewswire/ -- The low voltage
motors market will grow by USD 4.99
billion at 6.81% from 2020 to 2025, according to the
latest research report from Technavio. The report offers a
comprehensive analysis of the strategies adopted by vendors and the
trends, drivers, and challenges affecting the market size.
For more information on the key market trends,
drivers, and challenges impacting potential growth
variance, Download Sample Report!
Technavio analyzes the market by End-user (Process industries,
Discrete industries, and HVAC), Type (IE2, IE1, IE3, and IE4), and
Geography (APAC, North America,
Europe, MEA, and South America). This report presents a
detailed picture of the market by the way of study, synthesis, and
summation of data from multiple sources by an analysis of key
parameters.
The rising focus on increasing the energy efficiency of
electrical components and equipment is expected to have a
positive impact on the growth of the low voltage motors market
during the forecast period. In addition, manufacturers are focusing
on developing low-voltage motors that simplify the requirements of
end-users of all regions. However, the emergence of low-cost
manufacturers in the low voltage motors market may impede market
growth.
The low voltage motors market covers the following
areas:
Low Voltage Motors Market Sizing
Low Voltage Motors Market Forecast
Low Voltage Motors Market Analysis
Companies Mentioned
- ABB Ltd.
- General Electric Co.
- Hitachi Ltd.
- Nidec Corp.
- Regal Beloit Corp.
- Siemens AG
- TECO-Westinghouse
- Toshiba Corp.
- WEG Equipamentos Eletricos SA
- Wolong ELectric Group
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Low Voltage Motors
Market Scope
|
|
Report
Coverage
|
Details
|
|
Page
number
|
120
|
|
Base year
|
2020
|
|
Forecast
period
|
2021-2025
|
|
Growth momentum &
CAGR
|
Accelerate at a CAGR
of 6.81%
|
|
Market growth
2021-2025
|
USD 4.99
billion
|
|
Market
structure
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Fragmented
|
|
YoY growth
(%)
|
3.54
|
|
Regional
analysis
|
APAC, North America,
Europe, MEA, and South America
|
|
Performing market
contribution
|
APAC at
55%
|
|
Key consumer
countries
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China, US, Japan,
Germany, and South Korea (Republic of Korea)
|
|
Competitive
landscape
|
Leading companies,
competitive strategies, consumer engagement scope
|
|
Companies
profiled
|
ABB Ltd., General
Electric Co., Hitachi Ltd., Nidec Corp., Regal Beloit Corp.,
Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG Equipamentos
Eletricos SA, and Wolong ELectric Group
|
|
Market
Dynamics
|
Parent market
analysis, Market growth inducers and obstacles, Fast-growing and
slow-growing segment analysis, COVID-19 impact and future consumer
dynamics, market condition analysis for the forecast
period
|
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
About Us
Technavio is a leading global technology research and advisory
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Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio