Published by Wanda Rich
Posted on October 1, 2021
Growing need for cost efficient energy source continues to remain a major factors fuelling adoption of low voltage motors in various industries. Manufacturers are integrating intelligent technology in low voltage motors, which is projected to impact growth of the global low voltage market positively. A recently compiled report by Fact.MR, the global low voltage motors market is projected to represent more than US$ 35,000 Mn by 2022-end.
For More Insights Into The Market, Request a Sample of this Report https://www.factmr.com/connectus/sample?flag=S&rep_id=256
Adoption of low voltage motors continue to increase attributed to various microeconomic and macroeconomic factors. Growing demand for capital and consumer goods has led manufacturers to adopt intelligent machines, which helps in making analysis of actual needs during the production process. On the basis of this predictive analysis, the end users can extend the lifetime and reduce the downtime by cutting the energy consumption by nearly 10%.
In addition to adoption of smart technology, the manufacturers are also embedding advanced features that are specific to the end use industry. For example, manufacturers are integrating flameproof attributes in the low voltage motors for activities specific to mining industry. Demand for cast iron motors for the underground mining activities will continue to remain high attributed to corrosion-resistant and moisture-resistant features.
Surge in demand for wastewater treatment due to growing industrialisation is projected to impact global market growth of low voltage motors positively. Increasing industrial activities leads to generation of wastewater globally. Treatment of wastewater is projected to fuel growth of the global market of low voltage motors. Growing need to upgrade, retrofit, and replace the water treatment equipment will further rev up demand for low voltage motors in various industries.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=S&rep_id=256
Report Benefits & Key Questions Answered
Full Access Of This Report Is Available At https://www.factmr.com/checkout/256
Although IE2, IE3 and NEMA premium motors continue to witness significant adoption among manufacturers, IE4 is projected to witness robust demand attributed to high efficiency. IE4 motors is marketed to the industrial end users as “Supreme Premium Efficiency” motors. Bound to such factors, adoption of low voltage motors is likely to remain a lucrative option for end users.
IE2 efficiency class motor continues to sell more than other motors in the global market. Demand for IE2 motors is projected to grow at a faster pace attributed to high efficiency features. Currently, the IE2 efficiency class segment is projected to represent more than US$ 5,000 Mn globally.
By sector type, the F&B manufacturing segment is projected to reflect a relatively high CAGR in the global market through 2022. In terms of revenue, the others segment is projected to represent more than US$ 3,000 Mn by 2017-end.
Adoption of low voltage motors for pumps and fans will continue to remain high globally. The pumps & fans segment is projected to represent more than US$ 6,000 Mn in the global market by 2022- end. However, the extruders segment is projected to reflect a relatively high CAGR through 2022.
Essential Takeaways from the Market Report
Explore Fact.MR’s Coverage
Torque Transducer Market: A recent study by Fact.MR on the Torque Transducer Market offers a 5-year forecast analysis for the period 2021 – 2026. The study analyzes key trends that are currently influencing the growth of the market. This report covers key dynamics, including drivers, restraints, and opportunities for leading market players along with key stakeholders and emerging players.
Tape on Reel Feeder Market: Fact.MR’s extensive coverage of the Tape on Reel Feeder Market offers in-depth insights into the prominent growth dynamics that are likely to aid the expansion of growth prospects in the near future. Data has been presented in the form of key segments across prominent geographies, along with important information concerning key manufacturers operating within the industry.
Air/pneumatic Balancers Market: The Air/pneumatic Balancers Market study published by Fact.MR offers an unbiased analysis of the prominent drivers, opportunities, and trends expected to shape future expansion outlooks. The report provides a comprehensive assessment of the prominent segments and geographies which are likely to benefit market players in the forthcoming years.
Major players in the global market of low voltage motors are Siemens, ABB, Nidec Group, GE WEG Electric Corp, Hyosung Corporation, Toshiba, Shangdong Huali, Hyundai Heavy Industries, Teco Electric & Machinery, and Regal Beloit.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
The post High Quality Low Voltage Motors Market – Industry Outlook, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecast appeared first on The Cloud Tribune.
Growing need for cost efficient energy source continues to remain a major factors fuelling adoption of low voltage motors in various industries. Manufacturers are integrating intelligent technology in low voltage motors, which is projected to impact growth of the global low voltage market positively. A recently compiled report by Fact.MR, the global low voltage motors market is projected to represent more than US$ 35,000 Mn by 2022-end.
For More Insights Into The Market, Request a Sample of this Report https://www.factmr.com/connectus/sample?flag=S&rep_id=256
Adoption of low voltage motors continue to increase attributed to various microeconomic and macroeconomic factors. Growing demand for capital and consumer goods has led manufacturers to adopt intelligent machines, which helps in making analysis of actual needs during the production process. On the basis of this predictive analysis, the end users can extend the lifetime and reduce the downtime by cutting the energy consumption by nearly 10%.
In addition to adoption of smart technology, the manufacturers are also embedding advanced features that are specific to the end use industry. For example, manufacturers are integrating flameproof attributes in the low voltage motors for activities specific to mining industry. Demand for cast iron motors for the underground mining activities will continue to remain high attributed to corrosion-resistant and moisture-resistant features.
Surge in demand for wastewater treatment due to growing industrialisation is projected to impact global market growth of low voltage motors positively. Increasing industrial activities leads to generation of wastewater globally. Treatment of wastewater is projected to fuel growth of the global market of low voltage motors. Growing need to upgrade, retrofit, and replace the water treatment equipment will further rev up demand for low voltage motors in various industries.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=S&rep_id=256
Report Benefits & Key Questions Answered
Full Access Of This Report Is Available At https://www.factmr.com/checkout/256
Although IE2, IE3 and NEMA premium motors continue to witness significant adoption among manufacturers, IE4 is projected to witness robust demand attributed to high efficiency. IE4 motors is marketed to the industrial end users as “Supreme Premium Efficiency” motors. Bound to such factors, adoption of low voltage motors is likely to remain a lucrative option for end users.
IE2 efficiency class motor continues to sell more than other motors in the global market. Demand for IE2 motors is projected to grow at a faster pace attributed to high efficiency features. Currently, the IE2 efficiency class segment is projected to represent more than US$ 5,000 Mn globally.
By sector type, the F&B manufacturing segment is projected to reflect a relatively high CAGR in the global market through 2022. In terms of revenue, the others segment is projected to represent more than US$ 3,000 Mn by 2017-end.
Adoption of low voltage motors for pumps and fans will continue to remain high globally. The pumps & fans segment is projected to represent more than US$ 6,000 Mn in the global market by 2022- end. However, the extruders segment is projected to reflect a relatively high CAGR through 2022.
Essential Takeaways from the Market Report
Explore Fact.MR’s Coverage
Torque Transducer Market: A recent study by Fact.MR on the Torque Transducer Market offers a 5-year forecast analysis for the period 2021 – 2026. The study analyzes key trends that are currently influencing the growth of the market. This report covers key dynamics, including drivers, restraints, and opportunities for leading market players along with key stakeholders and emerging players.
Tape on Reel Feeder Market: Fact.MR’s extensive coverage of the Tape on Reel Feeder Market offers in-depth insights into the prominent growth dynamics that are likely to aid the expansion of growth prospects in the near future. Data has been presented in the form of key segments across prominent geographies, along with important information concerning key manufacturers operating within the industry.
Air/pneumatic Balancers Market: The Air/pneumatic Balancers Market study published by Fact.MR offers an unbiased analysis of the prominent drivers, opportunities, and trends expected to shape future expansion outlooks. The report provides a comprehensive assessment of the prominent segments and geographies which are likely to benefit market players in the forthcoming years.
Major players in the global market of low voltage motors are Siemens, ABB, Nidec Group, GE WEG Electric Corp, Hyosung Corporation, Toshiba, Shangdong Huali, Hyundai Heavy Industries, Teco Electric & Machinery, and Regal Beloit.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
The post High Quality Low Voltage Motors Market – Industry Outlook, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecast appeared first on The Cloud Tribune.
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