Global Low Voltage Electric Motor Market 2018-2023

Global Low Voltage Electric Motor Market 2018-2023

DUBLIN, May 29, 2018 /PRNewswire/ --

The "Low Voltage Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

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The global low-voltage electric motor market reached a volume of around 381 Million Units in 2017, growing at a CAGR of 9.6% during 2010-2017.

Increasing industrialization across the globe is fuelling the growth of the automation industry. This has created a huge demand for low-voltage electric motors so as to minimize the additional cost of production. Moreover, a shift in consumer preference from low-efficiency motors to high-efficiency and energy-saving motors has propelled the demand for low-voltage motors. Further, a surge in construction and renovation of residential spaces worldwide is expected to influence the market growth in the upcoming years.

Looking forward, the market value is projected to reach a volume of 653 Million Units by 2023, expanding at a CAGR of more than 9.3% during 2018-2023.

Market Summary:

    --  Based on efficiency, the market has been segmented into standard, high,
        premium and super premium efficiency. Currently, standard efficiency
        low-voltage electric motors dominate the market, holding the largest
        share.
    --  On the basis of end-use, commercial HVAC represents the largest segment,
        followed by food, beverage and tobacco industry, mining industry, and
        utilities.
    --  The market has also been segregated on the basis of application into
        pumps and fans, and compressors. Amongst these, pumps and fans hold the
        majority of the total market.
    --  Region-wise, North and South America is the leading market, accounting
        for the largest share globally. Other major markets include Europe,
        Middle East and Africa, and China.
    --  The competitive landscape of the market has also been examined with some
        of the key players being ABB, Siemens, WEG, TECO E&M, Regal Beloit,
        Leroy-Somer, Shandong Huali, Hyundai Heavy Industries, Hyosung
        Corporation and NIDEC.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Electric Motor Industry

6 Global Low Voltage Electric Motor Industry

7 Global Low Voltage Electric Motor Market: Performance of Key Regions

8 Global Low Voltage Electric Motor Market: Market by Efficiency

9 Global Low Voltage Electric Motor Market: Market by End-Use Industry

10 Global Low Voltage Electric Motor Market: Market by Application

11 Global Low Voltage Electric Motor Market: Competitive Landscape

12 Global Low Voltage Electric Motor Market: SWOT Analysis

13 Global Low Voltage Electric Motor Market: Value Chain Analysis

14 Global Low Voltage Electric Motor Market: Porter's Five Forces Analysis

15 Low Voltage Electric Motor Manufacturing Process

16 Project Details, Requirements and Costs Involved

17 Loans and Financial Assistance

18 Project Economics

19 Key Player Profiles

    --  ABB
    --  Siemens
    --  WEG
    --  TECO E&M
    --  Regal Beloit
    --  Leroy-Somer
    --  Shandong Huali
    --  Hyundai Heavy Industries
    --  Hyosung Corporation
    --  NIDEC

For more information about this report visit https://www.researchandmarkets.com/research/pb4z7g/global_low?w=5

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SOURCE Research and Markets