Electric motors that run at voltages lower than 1000 V are referred to as being in the low voltage motors industry. Pumps, fans, compressors, and conveyors are just a few examples of the industrial and commercial uses for these motors. Factors including the rising demand for energy efficiency, the expanding use of automation in production, and the requirement for small, dependable motor systems all contribute to the demand for low voltage motors. ABB, Siemens, Nidec Corporation, and WEG Electric Company are significant market participants. In the next years, the market is anticipated to expand as a result of rising demand for low voltage motors in emerging economies and the trend towards electrification in a variety of industries.
Due to the increased ozone layer depletion brought on by greenhouse gas emissions, low voltage motors are in great demand in the automobile industry. Because of this, demand for electric automobiles is increasing. A significant element promoting the growth of the low voltage motor sector is global industrialization. The need for low voltage motors has increased as a result of the expansion of infrastructure projects being conducted by both public and private organisations. Low voltage motors can meet the rising need for effective and dependable motor systems as a result of the electrification trend in many different sectors. While low voltage motors are often more efficient than their high voltage counterparts, the move towards energy efficiency has also fueled demand for them. The increasing use of automation and digitalization in manufacturing processes has also contributed to the growth of the low voltage motors market, as these systems often require compact and efficient motor systems to support their operations.
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Key findings of the Low Voltage Motors market study:
Key Segments Covered
What makes this Research different from others?
Competitive Landscape
The Low Voltage Motors industry is dominated by some prominent players including
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Low Voltage Motors market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Low Voltage Motors brands leading to an impact on the margin profits of firms.
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