Low Voltage Motor Market Value Share, Supply Demand 2015-2025 FMI | Page 3

Report
Description
Report Description
The low voltage motors are extensively being used in several industries such as mining,
food & beverages, oil & gas, automotive, packaging etc., driven by the profuse growth in
industrialization and steadily rising demand for energy across the globe. These are the
motors that run at voltages less than 1000 V and generate maximum power that aid to
improve productivity, quality and save the energy.
Various motor efficiency legislations which have been enacted all over the world, are
likely to drive the global low voltage motor market during the forecast period. According
to these legislations, more expensive and more energy efficient motors are mandated to
manufacturers.
The global low voltage market is forecasted to grow with a single digit CAGR during the
forecast period and is anticipated to hold a strong potential in coming 4-5 years. Most of
the manufacturers are now focusing towards advanced technology and quality low
voltage motors to enhance their production process which in turn had led to the increase
in demand for the advanced low voltage motors.
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