Global Low Voltage Motors Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
IE2, IE1 , IE3 and IE4.By Motor Type;
Induction Motors, Synchronous Motors, DC Motors, and Others.By End User;
Process industries, Discrete industries and HVAC.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Low Voltage Motors Market (USD Million), 2021 - 2031
In the year 2024, the Global Low Voltage Motors Market was valued at USD 38,569.49 million. The size of this market is expected to increase to USD 60,331.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.
The global low voltage motors market is witnessing significant growth, driven by the increasing demand for energy-efficient and technologically advanced motors across various industries. Low voltage motors, with their widespread applications in process industries, discrete manufacturing, and HVAC systems, play a crucial role in powering a wide range of industrial machinery and equipment. These motors are designed to operate efficiently at lower voltage levels, making them ideal for use in various industrial and commercial applications.
Factors such as the growing emphasis on energy efficiency, stringent government regulations, and the need for reliable and cost-effective motor solutions are driving the demand for low voltage motors globally. Additionally, the increasing adoption of automation technologies, the expansion of infrastructure projects, and the rising demand for HVAC systems in residential and commercial buildings are further fueling market growth. Moreover, technological advancements such as the development of IE3 and IE4 efficiency class motors and the integration of IoT and smart technologies are creating new growth opportunities in the global low voltage motors market.
The global low voltage motors market is highly competitive, with several key players competing based on product quality, technological innovation, and pricing strategies. These players are focusing on developing energy-efficient and environmentally friendly motor solutions to meet the evolving needs of customers and comply with stringent energy efficiency regulations. With increasing investments in research and development and the adoption of advanced manufacturing techniques, the global low voltage motors market is expected to witness steady growth in the coming years.
Global Low Voltage Motors Market Recent Developments
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In March 2023, Siemens introduced its Simotics GP low-voltage motors, a new generation of high-efficiency and reliable motors that meet the latest energy efficiency standards.
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In November 2022, WEG launched its W22XIE2 series of low-voltage motors, offering a wide range of power ratings and configurations to meet the diverse needs of industrial applications.
Segment Analysis
This comprehensive report thoroughly analyzes various segments of the Global Low Voltage Motors Market. It provides an in-depth analysis, including revenue analysis for both historic and forecast periods, for all market segments. Each market segment is meticulously examined and substantiated with relevant data points.
The Global Low Voltage Motors Market is segmented based on type and end-user industries.
In terms of type, the market is segmented into IE1, IE2, IE3, and IE4 motors. IE1 motors, also known as Standard Efficiency motors, are traditional motors with basic design and efficiency levels. IE2 motors, or High Efficiency motors, offer improved energy efficiency compared to IE1 motors. IE3 motors, known as Premium Efficiency motors, are highly energy-efficient and meet the highest energy efficiency standards. IE4 motors, or Super Premium Efficiency motors, offer the highest level of energy efficiency and are designed for applications where energy savings are paramount.
In terms of end-user industries, the market is segmented into Process industries, Discrete industries, and HVAC. Process industries include oil and gas, chemical, petrochemical, pharmaceutical, food and beverage, and pulp and paper industries. Discrete industries comprise automotive, aerospace, electronics, machinery, and metal fabrication industries. HVAC segment includes applications in residential, commercial, and industrial buildings. Low voltage motors are extensively used in these industries for various applications such as pumping, mixing, conveying, material handling, assembly, machining, and HVAC systems.
Each segment is experiencing significant growth driven by factors such as increasing demand for energy-efficient motors, stringent regulations regarding energy efficiency, and growing adoption of automation technologies. The analysis of each segment provides valuable insights into market trends, opportunities, and challenges, helping stakeholders make informed decisions and strategies for sustainable growth.
The analysis of every market segment is supported by pertinent data trends and patterns, generating valuable insights into the Global Low Voltage Motors Market. These insights aid stakeholders in understanding market dynamics, identifying growth opportunities, and making informed business decisions. With detailed analysis and robust data interpretation, this report offers a comprehensive understanding of the Global Low Voltage Motors Market, assisting businesses in strategizing and achieving sustainable growth.
Global Low Voltage Motors Segment Analysis
In this report, the Global Low Voltage Motors Market has been segmented by Type, Motor Type, End User, and Geography.
Global Low Voltage Motors Market, Segmentation by Type
The Global Low Voltage Motors Market has been segmented by Type into IE1, IE2, IE3, and IE4.
IE1 (Standard Efficiency) motors are traditional motors with basic design and efficiency levels. These motors are cost-effective but have lower energy efficiency compared to higher efficiency motors.
IE2 (High Efficiency) motors offer improved energy efficiency compared to IE1 motors. These motors are designed to meet higher energy efficiency standards and are suitable for a wide range of industrial applications.
IE3 (Premium Efficiency) motors are highly energy-efficient motors designed to meet the highest energy efficiency standards. These motors offer significant energy savings and are ideal for applications where energy consumption is a critical factor.
IE4 (Super Premium Efficiency) motors are the most energy-efficient motors available in the market. These motors offer the highest level of energy efficiency and are designed for applications where energy savings are paramount.
The adoption of higher efficiency motors such as IE3 and IE4 is increasing globally due to rising energy costs and growing awareness about energy conservation. Governments and regulatory bodies are also promoting the use of energy-efficient motors through various initiatives and regulations, further driving the demand for IE3 and IE4 motors in the global market.
Global Low Voltage Motors Market, Segmentation by Motor Type
The Global Low Voltage Motors Market has been segmented by Motor Type into Induction Motors, Synchronous Motors, DC Motors, and Others.
Induction Motors dominate the low voltage motors market due to their simplicity, reliability, and cost-effectiveness. Induction motors are widely used in both industrial and commercial applications, as they require minimal maintenance and offer high operational efficiency. They are generally classified into two main types: squirrel cage and wound rotor. Squirrel cage induction motors are more common because of their rugged construction and lower cost, making them ideal for a variety of applications such as fans, compressors, and conveyor belts. These motors operate on the principle of electromagnetic induction, where the rotor is induced with current by the rotating magnetic field produced by the stator. Induction motors are particularly favored for their robustness and ease of use in environments where high efficiency is not a critical factor.
Synchronous Motors are another key category in the market segmentation. These motors run at synchronous speed, meaning that the rotor's rotation is in direct synchronization with the rotating magnetic field of the stator. They are typically used in applications where precise speed control is necessary, such as in large compressors, generators, and pumps. Synchronous motors are known for their high efficiency, excellent power factor, and ability to operate at a constant speed, regardless of the load. This makes them highly suitable for applications requiring constant, reliable performance over extended periods. However, their higher initial cost and need for a DC excitation system can limit their widespread adoption compared to induction motors.
DC Motors (direct current motors) have also gained popularity in certain applications due to their ability to provide variable speed control, which is crucial in industries like robotics, automotive, and industrial automation. Unlike induction and synchronous motors, DC motors use a commutator to reverse the direction of current flow, providing continuous rotational movement. This type of motor offers the benefit of speed and torque control, making it ideal for applications where these factors are critical. However, they typically require more maintenance due to the wear and tear of the brushes and commutator system. Despite these drawbacks, DC motors are commonly used in applications that require precise speed control or high starting torque.
The Others category in the segmentation includes special motor types like stepper motors, reluctance motors, and permanent magnet motors. These motors are generally used in specialized applications where unique performance characteristics are required. For example, stepper motors are widely used in printers, CNC machines, and other equipment that requires precise positioning and control. Permanent magnet motors, on the other hand, are favored for their high efficiency and compact size, making them suitable for applications in electric vehicles and small appliances.
Global Low Voltage Motors Market, Segmentation by End User
The Global Low Voltage Motors Market has been segmented by End User into Process industries, Discrete industries, and HVAC.
Process Industries segment includes industries such as oil and gas, chemical, petrochemical, pharmaceutical, food and beverage, and pulp and paper. Low voltage motors are extensively used in process industries for various applications such as pumping, mixing, conveying, and compressing. These motors are designed to operate continuously in harsh industrial environments and are required to meet specific performance requirements, including high reliability, durability, and efficiency.
Discrete Industries include automotive, aerospace, electronics, machinery, and metal fabrication industries. In discrete manufacturing, low voltage motors are used in various machines and equipment for material handling, assembly, machining, and packaging processes. These motors are essential for driving conveyor belts, robots, CNC machines, and other industrial machinery used in discrete manufacturing processes.
The HVAC segment includes applications in residential, commercial, and industrial buildings. Low voltage motors are used in HVAC systems for powering fans, pumps, compressors, and other components. These motors play a crucial role in maintaining indoor air quality, regulating temperature, and ensuring thermal comfort in buildings. With the increasing demand for energy-efficient and environmentally friendly HVAC systems, the adoption of high-efficiency low voltage motors is growing in the HVAC segment.
Global Low Voltage Motors Market, Segmentation by Geography
In this report, the Global Low Voltage Motors Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Low Voltage Motors Market Share (%), by Geographical Region, 2024
The global low voltage motors market is segmented based on geographical regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America holds a significant share in the global low voltage motors market. The region's market dominance is attributed to the presence of well-established industries, increasing demand for energy-efficient motors, and the growing adoption of automation technologies. Moreover, government initiatives promoting energy efficiency and sustainability are driving market growth in this region. Additionally, the presence of key market players and technological advancements in motor manufacturing further contribute to the growth of the low voltage motors market in North America.
Europe is another prominent market for low voltage motors. The region's market growth is driven by factors such as stringent energy efficiency regulations, the transition towards renewable energy sources, and the expansion of industrial sectors. Moreover, increasing investments in infrastructure development and the adoption of electric vehicles are driving the demand for low voltage motors in Europe. Additionally, the presence of well-established automotive, manufacturing, and construction industries further boosts market growth in this region.
Asia Pacific is witnessing significant growth in the low voltage motors market due to rapid industrialization, urbanization, and infrastructure development. Countries like China, India, Japan, and South Korea are major contributors to market growth in this region. The growing demand for consumer electronics, automotive vehicles, and industrial machinery is driving the adoption of low voltage motors in Asia Pacific. Moreover, government initiatives promoting energy efficiency and the increasing adoption of automation technologies are further fueling market growth in this region. Additionally, the presence of a large manufacturing base and the availability of skilled labor at a lower cost make Asia Pacific a lucrative market for low voltage motors manufacturers.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Low Voltage Motors Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Energy Efficiency Regulations
- Increasing Industrial Automation
- Rise in Automotive Production
- Expansion of Construction Industry
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Growing HVAC Systems : The rising demand for HVAC (Heating, Ventilation, and Air Conditioning) systems is a significant driver for the global low voltage motors market. HVAC systems are widely used in residential, commercial, and industrial buildings for maintaining indoor air quality and thermal comfort. Low voltage motors are an integral component of HVAC systems, driving fans, compressors, and pumps. The growing construction activities, particularly in developing economies, are leading to an increased demand for HVAC systems, thereby driving the demand for low voltage motors. Additionally, the increasing awareness about energy efficiency and the implementation of stringent energy efficiency standards are further boosting the adoption of energy-efficient low voltage motors in HVAC applications.
The demand for HVAC systems is also being driven by factors such as urbanization, population growth, and the need for improved indoor air quality. As urban populations continue to rise, the demand for residential and commercial buildings equipped with HVAC systems is increasing. Moreover, the growing awareness about the adverse health effects of indoor air pollution is leading to a higher adoption of HVAC systems, thereby driving the demand for low voltage motors. Furthermore, the development of smart buildings and the integration of IoT technology in HVAC systems are expected to create new growth opportunities for low voltage motor manufacturers in the coming years.
In conclusion, the rising demand for HVAC systems, driven by factors such as urbanization, population growth, and the need for energy-efficient solutions, is expected to significantly drive the global low voltage motors market. Manufacturers in the market are focusing on developing energy-efficient and technologically advanced low voltage motors to cater to the growing demand from the HVAC sector.
Restraints
- Volatility in Raw Material Prices
- Competition from Substitute Technologies
- Stringent Energy Efficiency Standards
- Environmental Concerns
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Impact of COVID-19: One of the significant restraints for the global low voltage motors market is the impact of the COVID-19 pandemic. The pandemic has disrupted supply chains, leading to raw material shortages and production delays. Additionally, the economic slowdown caused by the pandemic has led to a decrease in industrial activities, affecting the demand for low voltage motors. Industries such as automotive, manufacturing, and construction, which are major consumers of low voltage motors, have been particularly affected by the pandemic. Moreover, the uncertainty surrounding the duration and severity of the pandemic has led to a cautious approach from consumers and businesses, further impacting market demand.
Furthermore, the COVID-19 pandemic has also resulted in a slowdown in new infrastructure projects, which has affected the demand for low voltage motors. Many construction projects have been delayed or put on hold due to the pandemic, leading to a decrease in the demand for low voltage motors used in construction equipment and machinery. Additionally, the pandemic has led to a decrease in consumer spending, affecting the demand for consumer goods such as home appliances, which also use low voltage motors. Overall, the impact of the COVID-19 pandemic is expected to continue affecting the global low voltage motors market in the near future.
In conclusion, the COVID-19 pandemic has had a significant impact on the global low voltage motors market, disrupting supply chains, reducing industrial activities, and affecting consumer demand. However, as the situation improves and economic activities resume, the market is expected to recover gradually. Manufacturers in the market need to focus on implementing strategies to mitigate the impact of the pandemic and capitalize on emerging opportunities in the post-pandemic market landscape.
Opportunities
- Adoption of IoT
- Growing renewable energy sector
- Demand for electric vehicles
- Emerging economies growth
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Development of smart cities: The development of smart cities presents significant opportunities for the global low voltage motors market. Smart cities integrate various technologies such as IoT, AI, and big data to improve the quality of life for citizens, enhance sustainability, and optimize resource usage. Low voltage motors play a crucial role in smart cities, powering various applications such as transportation systems, water and wastewater management, and building automation.
One of the key areas driving the demand for low voltage motors in smart cities is transportation. Electric vehicles (EVs) are becoming increasingly popular in smart cities due to their environmental benefits and energy efficiency. Low voltage motors are used in EVs for propulsion, powering features such as electric drivetrains, HVAC systems, and power steering. As the adoption of EVs continues to rise, the demand for low voltage motors is expected to increase significantly. Moreover, the development of smart transportation systems such as electric buses and autonomous vehicles is further driving the demand for low voltage motors.
Another area driving the demand for low voltage motors in smart cities is building automation. Low voltage motors are used in building automation systems to control various functions such as heating, ventilation, air conditioning (HVAC), lighting, and security. These systems help improve energy efficiency, optimize building performance, and enhance occupant comfort. As smart cities focus on sustainability and energy conservation, the demand for low voltage motors for building automation is expected to increase. Additionally, the integration of IoT technology in building automation systems is creating new growth opportunities for low voltage motor manufacturers, enabling remote monitoring, predictive maintenance, and energy management.
Competitive Landscape Analysis
Key players in Global Low Voltage Motors Market include:
- ABB Ltd.
- Siemens AG
- WEG S.A.
- Nidec Corporation
- Regal Beloit Corporation
- Toshiba Corporation
- Rockwell Automation, Inc.
- Johnson Electric Holdings Limited
- Franklin Electric Co., Inc.
- Emerson Electric Co.
- Schneider Electric SE
- Danfoss A/S
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Motor Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Low Voltage Motors Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Energy Efficiency Regulations
- Increasing Industrial Automation
- Rise in Automotive Production
- Expansion of Construction Industry
- Growing HVAC Systems
- Restraints
- Volatility in Raw Material Prices
- Competition from Substitute Technologies
- Stringent Energy Efficiency Standards
- Environmental Concerns
- Impact of COVID-19
- Opportunities
- Adoption of IoT
- Growing renewable energy sector
- Demand for electric vehicles
- Emerging economies growth
- Development of smart cities
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Low Voltage Motors Market, By Type, 2021 - 2031 (USD Million)
- IE2
- IE1
- IE3
- IE4
- Global Low Voltage Motors Market, By Motor Type, 2021 - 2031 (USD Million)
- Induction Motors
- Synchronous Motors
- DC Motors
- Others
- Global Low Voltage Motors Market, By End User, 2021 - 2031 (USD Million)
- Process industries
- Discrete industries
- HVAC
- Global Low Voltage Motors Market, By Geography, 2023 - 2033 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Low Voltage Motors Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- ABB Ltd.
- Siemens AG
- WEG S.A.
- Nidec Corporation
- Regal Beloit Corporation
- Toshiba Corporation
- Rockwell Automation, Inc.
- Johnson Electric Holdings Limited
- Franklin Electric Co., Inc.
- Emerson Electric Co.
- Schneider Electric SE
- Danfoss A/S
- Company Profiles
- Analyst Views
- Future Outlook of the Market