What is the current market size and future outlook for the low voltage motor market?
The low voltage motor market size has grown rapidly in recent years. It will grow from $39.82 billion in 2024 to $43.95 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to establishment of international standards for motor efficiency and safety, rapid industrialization and urbanization of emerging markets, energy efficiency programs, expansion of telecommunications networks, and proliferation of household appliances.
The low voltage motor market size is expected to see rapid growth in the next few years. It will grow to $64.35 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to implementation of customer-centric approaches, infrastructure development projects, growth in regenerative medicine and biotech sectors, implementation of cybersecurity measures to protect low voltage motor systems, and implementation of remote monitoring and predictive maintenance solutions for low voltage motors. Major trends in the forecast period include implementation of digital twin technology, development of intelligent electrical grids, miniaturization of motors, development of permanent magnet motors, and technological innovations in motor design.
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What are the key drivers behind the rapid expansion of the low voltage motor market?
The increasing adoption of industrial robots is expected to propel the growth of the low-voltage motor market going forward. Industrial robots are programmable machines typically used in manufacturing and industrial settings to perform tasks that require precision, speed, and consistency. The adoption of industrial robots is driven by the pursuit of increased efficiency, improved quality, enhanced safety, cost savings, flexibility, and technological advancements. Low voltage motors in robotics enable robots to perform a wide range of tasks with agility, accuracy, and energy efficiency, making them essential components in modern robotic systems across various industries and applications. For instance, according to the Industrial Robots Statistics 2023 by the International Federation of Robotics, a Germany-based non-profit organization, around 404,578 industrial robots were installed in Asia in 2022, representing a 5% increase from the 385,143 units installed in 2021. Therefore, the increasing automation in various industries is driving the growth of the low-voltage motor market.
What is the segmentation for the low voltage motor market?
The low voltage motor market covered in this report is segmented –
1) By Product Type: International Efficiency 1 (IE1) Low-Voltage Motors, International Efficiency 2 (IE2) Low-Voltage Motors, International Efficiency 3 (IE3) Low-Voltage Motors, International Efficiency 4 (IE4) Low-Voltage Motors
2) By Application: Low Voltage Crushers, Low Voltage Compressors, Low Voltage Extruders, Low Voltage Pumps And Fans, Low Voltage Conveyors
3) By End-User Industries: Food And Beverage, Mining, Automotive, Electronics, Textile, Other End-User Industries
Subsegments:
1) By International Efficiency 1 (IE1) Low-Voltage Motors: Standard Efficiency Motors
2) By International Efficiency 2 (IE2) Low-Voltage Motors: High Efficiency Motors
3) By International Efficiency 3 (IE3) Low-Voltage Motors: Premium Efficiency Motors
4) By International Efficiency 4 (IE4) Low-Voltage Motors: Super Premium Efficiency Motors
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Who are the most influential companies in the low voltage motor market?
Major companies operating in the low voltage motor market are Hitachi Ltd., Siemens AG, General Electric Company, TECO Electric & Machinery Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric, ABB Group, Toshiba International Corporation, Nidec Corporation, Fuji Electric Co. Ltd., WEG S.A., Regal Rexnord Corporation, Johnson Electric Holdings Limited, Wolong Electric Group, HD Hyundai Electric Co. Ltd., Bonfiglioli, Brook Crompton UK Ltd., VEM Group, VYBO Electric, Ruselprom Group, Hoyer Motors
What are the most influential trends expected to drive the low voltage motor market forward?
Major companies operating in the low-voltage motor market are developing electric motors to meet evolving industry demands. Electric motors refer to devices that convert electrical energy into mechanical energy. For instance, in March 2022, Kirloskar Oil Engines Ltd., an India-based power-generating sets manufacturer, launched high-efficiency low voltage electric motors designed to power machines in various industry applications. These motors are manufactured with high-grade copper wires and tested by a BIS-approved, NABL-accredited test lab to ensure top-class performance and efficiency. The launch marks a significant step forward for KOEL in the electric motor segment, enhancing its presence in the industry and offering innovative products that meet customers’ needs.
What are the major regional insights for the low voltage motor market, and which region holds the top position?
Asia-Pacific was the largest region in the low voltage motor market in 2024. The regions covered in the low voltage motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Low Voltage Motor Market Report 2025 Offer?
The low voltage motor market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A low-voltage motor typically refers to an electric motor that operates on a voltage lower than the standard mains voltage used in most residential and industrial applications. In general, low-voltage motors are designed to operate below 1000 volts (1 kV). These motors are commonly used in various applications where lower voltage levels are sufficient to meet operational requirements, such as small appliances, tools, automotive systems, and specific industrial machinery.
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