The Low Voltage Motors Market reached ~US$ xx Mn in 2019 and is anticipated grow at a CAGR of xx% over the forecast period 2017 to 2022. The business intelligence study of the Low Voltage Motors Market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). In a bid to recognize the growth prospects in the Low Voltage Motors Market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.
Each market player encompassed in the Low Voltage Motors Market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the Low Voltage Motors Market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
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What insights readers can gather from the Low Voltage Motors Market report?
- A critical study of the Low Voltage Motors Market on the basis of segment 1, segment 2, segment 3 and segment 4
- Learn the behavior pattern of every Low Voltage Motors Market player – product launches, expansions, collaborations and acquisitions in the market currently
- Examine and study the progress outlook of the global Low Voltage Motors landscape, which includes, revenue, production & consumption and historical & forecast
- Understand important drivers, restraints, opportunities, and trends (DROT Analysis)
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization
The Low Voltage Motors Market report answers the following queries:
- Which players hold the significant Low Voltage Motors Market share and why?
- What strategies are the Low Voltage Motors Market players forming to gain a competitive edge?
- Why region is expected to lead the global Low Voltage Motors Market?
- What factors are negatively affecting the Low Voltage Motors Market growth?
- What will be the value of the global Low Voltage Motors Market by the end of 2029?
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- In March 2019, ABB, a leading player in low voltage motors market won a contract to supply a comprehensive power and propulsion package for the construction of China’s first home-built cruise ship. The 323-meter vessel will feature ABB’s Azipod® steerable propulsion systems and due for delivery in 2023.
- In March 2019, Siemens AG and State Power Investment Corporation Limited (SPIC) signed a strategic partnership agreement to expand their cooperation in power generation in addition to previously agreed technology collaboration between the company and China’ s United Heavy-duty Gas Turbine Company (UGTC).
- WEG introduced a new line of motors in March 2019, specifically designed for mining and cement industries which require reliable and tough machinery. According to company, the ‘M Mining’ motors incorporate a brand new system of brushes and slip rings along with special features, enabling them to work under severe and harsh area applications.
Other leading players participating in the low voltage motors market include TECO E&M, Shangdong Huali, Hyosung Corporation, GE, Regal Beloit, Hyundai Heavy Industries, TOSHIBA, Nidec Corporation, Leroy Somer, LEZ Ruselprom, and Fuji Electrics.
Note: The Fact.MR study offers compelling insights into the competitive landscape of the global low voltage motors market, get a sample of the report.
IE4 Premium Motors to Gain Speedy Momentum in Low Voltage Motors Market
Although IE2 efficiency class motors continue to lead the low voltage motors market, IE4 premium motors are likely to gain robust adoption, owing to their high efficiency. These class of motors are marketed as “Supreme Premium Efficiency” motors to industrial machinery market. IE4 motors offer number of advantages to end-use industries including lower operating temperatures, longer service life, and high energy savings which help reduce greenhouse gas of CO2 emissions.
F&B manufacturing sector is estimated to emerge as fastest growing segment, registering the highest CAGR in low voltage motors market during 2017-2022 period. Further, commercial HVAC and other sectors will continue to complement the growth of low voltage motors market, with both representing a significantly high revenue share.
The recent report published by Fact.MR on low voltage motors market is a result of a thorough and extensive research methodology. The actionable and detailed insights into global low voltage motors market are obtained through a two-step research process involving primary as well as secondary resources. The secondary research was conducted by particularly studying trade journals, paid resources, and other associated publications relevant to low voltage motors market. The primary research, on the other hand, involved interviewing industry experts. Along with a historical analysis, results from these processes were triangulated to determine the accurate and complete forecast of global low voltage motors market for the period between 2017 and 2022.
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