Smart Sensors Low Voltage Motors Industry Is Slated To Expand Nearly 2X Throughout 2031

Automotive

In 2018, demand for low voltage motors surpassed US$ 25 Bn, growing at a Y-o-Y growth rate of 8.8% in 2019. After emerging from the recessionary downturn induced by COVID-19, sales are expected to be valued at US$ 36.6 Bn by the end of 2021. Long-term growth prospects appear highly optimistic, with an anticipated revenue share of US$ 70.6 Bn as of 2031. Overall, the industry is slated to expand nearly 2x throughout the forecast period of 2021-2031.

Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Sales & Demand of Low Voltage Motors, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies.

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Key Segments Covered

  • Efficiency Class

    • IE 1 Low Voltage Motors
    • IE 2 Low Voltage Motors
    • IE 3 Low Voltage Motors
    • IE 4 Low Voltage Motors
    • DC Low Voltage Motors
    • Others Low Voltage Motors
  • Sector

    • Commercial HVAC Low Voltage Motors
    • F&B Manufacturing Low Voltage Motors
    • Mining Low Voltage Motors
    • Utilities Low Voltage Motors
    • Other Sectors Low Voltage Motors
  • Application

    • Low Voltage Compressors
    • Low Voltage Pumps & Fans
    • Low Voltage Conveyors
    • Low Voltage Crushers
    • Low Voltage Extruders
    • Other Applications
  • Capacity

    • 0.75 – 2.1 kW Low Voltage Motors
    • 7.4 kW Low Voltage Motors
    • 7.5 – 45 kW Low Voltage Motors
    • 46 – 75 kW Low Voltage Motors
    • 76 – 110 kW Low Voltage Motors
    • 111 – 375 kW Low Voltage Motors
    • > 375 kW Low Voltage Motors

Competitive Landscape

Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit from products that are eco-friendly by nature.

  • On August, 25th 2021, to expand its manufacturing capacity of low voltage motors, ABB recently added a manufacturing line in its Faridabad manufacturing plant. With the new line of development for customers operating in different industries such as food & beverage, water & wastewater, cement, metals and mining, HVAC, textiles, and rubber can get energy-efficient motors up to 55kW. The expansion further enhances the commitment to the “Make in India” initiative
  • In March 2021, Siemens acquired an electrical equipment manufacturer C&S Electric after securing approval from the Competition Commission of India. The company acquired 99.22% equity shares in C&S Electric from its promoters for ?21 billion. Through this acquisition, the company plans to enter the Indian market and create a hub for exporting low-voltage products overseas
  • In November 2021, WEG Industries announced new investments for its existing electric motor factory in Linhares, Brazil. The investment plan extends up to 2023, in the range of R$ 178.2 million, for the modernization and expansion of the production capacity of electric motors. With this investment, the company aims to expand existing structures to 79,000 square meters

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