Product Code: ETC13280509 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Low-Voltage Electric Motors Market was valued at USD 4.8 Billion in 2024 and is expected to reach USD 7.9 Billion by 2031, growing at a compound annual growth rate of 6.80% during the forecast period (2025-2031).
The Global Low-Voltage Electric Motors Market is experiencing robust growth driven by increasing industrial automation, rising demand for energy-efficient motors, and the expansion of manufacturing and infrastructure sectors worldwide. These motors are widely used in various applications such as HVAC systems, automotive, consumer goods, and industrial machinery. The market is witnessing technological advancements including the integration of IoT and smart technologies, enhancing motor efficiency and performance. Key players in the market are focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge. Asia Pacific region dominates the market due to rapid industrialization and urbanization, while North America and Europe also contribute significantly to the market growth. Overall, the Global Low-Voltage Electric Motors Market is projected to continue its upward trajectory in the coming years.
The Global Low-Voltage Electric Motors Market is witnessing significant growth driven by factors such as increasing demand in industries like automotive, HVAC, and consumer goods, as well as the rising adoption of energy-efficient motors. Key trends shaping the market include the shift towards IoT-enabled motors for improved efficiency, the integration of smart technologies for remote monitoring and control, and the development of lightweight and compact motor designs. Opportunities abound for manufacturers to innovate and offer customized solutions to meet specific industry requirements, as well as to capitalize on the growing trend of electric vehicle adoption and the expanding renewable energy sector. Additionally, the emphasis on sustainability and environmental regulations are prompting the market to focus on eco-friendly motor solutions, presenting avenues for growth in the coming years.
The Global Low-Voltage Electric Motors Market faces several challenges, including intense competition among key players leading to pricing pressures, the need for continuous technological advancements to meet evolving consumer demands, and the impact of stringent regulations related to energy efficiency and environmental sustainability. Additionally, the market is influenced by factors such as fluctuating raw material prices, supply chain disruptions, and the increasing adoption of alternative technologies like servomotors and stepper motors. Addressing these challenges requires industry players to invest in research and development, focus on product innovation, and enhance their operational efficiency to stay competitive in the market.
The Global Low-Voltage Electric Motors Market is primarily driven by the increasing demand for energy-efficient motors across various industries such as automotive, manufacturing, and consumer goods. Stringent regulations promoting energy efficiency, coupled with the rising focus on reducing carbon emissions, are encouraging the adoption of low-voltage electric motors as they consume less power and offer higher efficiency. The growing trend towards automation and the integration of smart technologies in industrial processes are also fueling the demand for these motors. Additionally, the expansion of the electric vehicle market and the increasing emphasis on sustainable practices are further propelling the growth of the low-voltage electric motors market globally. Manufacturers are continuously innovating to develop advanced motor technologies that meet the evolving needs of industries while ensuring environmental sustainability.
Government policies related to the Global Low-Voltage Electric Motors Market vary by country and region, with a focus on energy efficiency and environmental sustainability. Many governments have implemented regulations and standards to promote the use of low-voltage electric motors that meet specific energy efficiency criteria. For example, the European Union has directives such as Ecodesign and Energy Labelling Regulations that set minimum efficiency standards for electric motors. In the United States, the Department of Energy has established regulations under the Energy Policy and Conservation Act to improve motor efficiency. These policies aim to reduce energy consumption, greenhouse gas emissions, and overall environmental impact, incentivizing manufacturers and consumers to adopt more efficient low-voltage electric motors in various industrial and commercial applications.
The Global Low-Voltage Electric Motors Market is expected to witness significant growth in the coming years, driven by increasing industrial automation, rising demand for energy-efficient solutions, and the adoption of electric vehicles. Technological advancements such as the integration of IoT and smart technologies in electric motors are also expected to propel market growth. Additionally, government initiatives promoting the use of electric vehicles and stringent regulations aimed at reducing carbon emissions are likely to further boost the market. However, challenges such as intense competition and fluctuating raw material prices may hinder the market growth to some extent. Overall, the market is projected to experience steady growth as industries continue to prioritize sustainability and energy efficiency in their operations.
In the Global Low-Voltage Electric Motors Market, Asia is projected to dominate due to the rapid industrialization and infrastructure development in countries like China and India. North America is expected to show steady growth driven by the automotive and HVAC industries. Europe is focusing on energy efficiency and sustainability, leading to increased adoption of low-voltage electric motors. The Middle East and Africa region is witnessing a rise in infrastructure projects, boosting the demand for these motors. Latin America is experiencing growth in the mining and manufacturing sectors, driving the market for low-voltage electric motors. Overall, the market is expected to see significant growth globally, with each region contributing to the increasing adoption and demand for low-voltage electric motors.
Global Low-Voltage Electric Motors Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Low-Voltage Electric Motors Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Low-Voltage Electric Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Global Low-Voltage Electric Motors Market - Industry Life Cycle |
3.4 Global Low-Voltage Electric Motors Market - Porter's Five Forces |
3.5 Global Low-Voltage Electric Motors Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Low-Voltage Electric Motors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Low-Voltage Electric Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Low-Voltage Electric Motors Market Trends |
6 Global Low-Voltage Electric Motors Market, 2021 - 2031 |
6.1 Global Low-Voltage Electric Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Low-Voltage Electric Motors Market, Revenues & Volume, By Oil and Gas, 2021 - 2031 |
6.1.3 Global Low-Voltage Electric Motors Market, Revenues & Volume, By Chemicals and Petrochemicals, 2021 - 2031 |
6.1.4 Global Low-Voltage Electric Motors Market, Revenues & Volume, By Power Generation, 2021 - 2031 |
6.1.5 Global Low-Voltage Electric Motors Market, Revenues & Volume, By Metal & Mining, 2021 - 2031 |
6.1.6 Global Low-Voltage Electric Motors Market, Revenues & Volume, By Water and Wastewater, 2021 - 2031 |
6.1.7 Global Low-Voltage Electric Motors Market, Revenues & Volume, By Food and Beverages, 2021 - 2031 |
6.1.8 Global Low-Voltage Electric Motors Market, Revenues & Volume, By Automotive and Manufacturing, 2021 - 2031 |
6.1.9 Global Low-Voltage Electric Motors Market, Revenues & Volume, By Other Discrete Industries, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.3.1 Overview & Analysis |
7 North America Low-Voltage Electric Motors Market, Overview & Analysis |
7.1 North America Low-Voltage Electric Motors Market Revenues & Volume, 2021 - 2031 |
7.2 North America Low-Voltage Electric Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Low-Voltage Electric Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Low-Voltage Electric Motors Market, Overview & Analysis |
8.1 Latin America (LATAM) Low-Voltage Electric Motors Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Low-Voltage Electric Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Low-Voltage Electric Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Low-Voltage Electric Motors Market, Overview & Analysis |
9.1 Asia Low-Voltage Electric Motors Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Low-Voltage Electric Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Low-Voltage Electric Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Low-Voltage Electric Motors Market, Overview & Analysis |
10.1 Africa Low-Voltage Electric Motors Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Low-Voltage Electric Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Low-Voltage Electric Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Low-Voltage Electric Motors Market, Overview & Analysis |
11.1 Europe Low-Voltage Electric Motors Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Low-Voltage Electric Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Low-Voltage Electric Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Low-Voltage Electric Motors Market, Overview & Analysis |
12.1 Middle East Low-Voltage Electric Motors Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Low-Voltage Electric Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Low-Voltage Electric Motors Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Low-Voltage Electric Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Low-Voltage Electric Motors Market Key Performance Indicators |
14 Global Low-Voltage Electric Motors Market - Export/Import By Countries Assessment |
15 Global Low-Voltage Electric Motors Market - Opportunity Assessment |
15.1 Global Low-Voltage Electric Motors Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Low-Voltage Electric Motors Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Low-Voltage Electric Motors Market - Competitive Landscape |
16.1 Global Low-Voltage Electric Motors Market Revenue Share, By Companies, 2024 |
16.2 Global Low-Voltage Electric Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |