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).
Report ID: Rn484628894 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Motor Type
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Low Voltage Motors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency Regulations
        2. Increasing Industrial Automation
        3. Rise in Automotive Production
        4. Expansion of Construction Industry
        5. Growing HVAC Systems
      2. Restraints
        1. Volatility in Raw Material Prices
        2. Competition from Substitute Technologies
        3. Stringent Energy Efficiency Standards
        4. Environmental Concerns
        5. Impact of COVID-19
      3. Opportunities
        1. Adoption of IoT
        2. Growing renewable energy sector
        3. Demand for electric vehicles
        4. Emerging economies growth
        5. Development of smart cities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Low Voltage Motors Market, By Type, 2021 - 2031 (USD Million)
      1. IE2
      2. IE1
      3. IE3
      4. IE4
    2. Global Low Voltage Motors Market, By Motor Type, 2021 - 2031 (USD Million)
      1. Induction Motors
      2. Synchronous Motors
      3. DC Motors
      4. Others
    3. Global Low Voltage Motors Market, By End User, 2021 - 2031 (USD Million)
      1. Process industries
      2. Discrete industries
      3. HVAC
    4. Global Low Voltage Motors Market, By Geography, 2023 - 2033 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd.
      2. Siemens AG
      3. WEG S.A.
      4. Nidec Corporation
      5. Regal Beloit Corporation
      6. Toshiba Corporation
      7. Rockwell Automation, Inc.
      8. Johnson Electric Holdings Limited
      9. Franklin Electric Co., Inc.
      10. Emerson Electric Co.
      11. Schneider Electric SE
      12. Danfoss A/S
  7. Analyst Views
  8. Future Outlook of the Market