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In this report, low voltage refers to motors that operate at voltages less than 1 000 V and produce a maximum power of 1 000 kW. This conforms to standards developed by the International Electrotechnical Commission (IEC).
Low voltage aluminum motors are standard, high performance, and power efficient motors made of aluminum. Improved productivity & quality, low energy consumption, and high safety standards are some of the significant features of low voltage aluminum motors. Low voltage aluminum motors are preferred over cast iron motors, as it is highly resistant to corrosion and approximately 33% of the weight of low voltage motors is of cast iron. Low voltage aluminum motors are used in combination with fans, pumps, general machineries conveyors, machine tools, sheet metal presses and compressors, etc.
The high efficiency low voltage aluminum motor is classified into the IE2-high efficiency, IE3- premium efficiency and other according to the IEC efficiency standard. As of 2019, ie2-high efficiency low voltage aluminum motor segment occupied largest revenue market, with 54.4%, followed by IE3- premium efficiency low voltage aluminum moto, which occupied 43.3% market, with highly growth, other product, such as IE4 and IE5 also enter the market.
Based on industry, the global high efficiency low voltage aluminum motors market has been classified into food and beverages, machinery, chemical industry, water and wastewater treatment, marine and others. The food and beverages segments holds the most substantial share of the high efficiency low voltage aluminum motors market. Low voltage motors have a wide range of applications. With increasing efficiency, several other industries are opting for these motors to be used in pumps, fans, compressors, machine tools, conveyors, and other material handling and processing equipment, which constitute more than half of the motor driven products market.
The high efficiency low voltage aluminum motor market is relative concentrated market; key players include ABB, Siemens, WEG, TECO, Wolong Electric Group, Able Electric, Nidec Motor Corporation, Toshiba, Jinlong Motor, Shandong Huali, Regal Beloit Corporation, FangLi Holding; the revenue of top ten manufacturers accounts about 50.8% of the total revenue, in 2019. The high-end products mainly come from Europe and North America.
Market Analysis and Insights: Global High Efficiency Low Voltage Aluminum Motor Market
The global High Efficiency Low Voltage Aluminum Motor market was valued at US$ 3072.7 million in 2019 and it is expected to reach US$ 3549.1 million by the end of 2026, growing at a CAGR of 3.7% during 2021-2026.
Global High Efficiency Low Voltage Aluminum Motor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global High Efficiency Low Voltage Aluminum Motor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
IE2-HighEfficiency
IE3-PremiumEfficiency
Other
Segment by Application
Food and Beverages
Machinery
Chemical Industry
Water and Wastewater Treatment
Marine
Other
By Company
ABB
Siemens
WEG
TECO
Wolong Electric Group
Able Electric
Nidec Motor Corporation
Toshiba
Jinlong Motor
Shandong Huali
Regal Beloit Corporation
FangLi Holding
Production by Region
North America
Europe
China
Japan
Brazil
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Low voltage aluminum motors are standard, high performance, and power efficient motors made of aluminum. Improved productivity & quality, low energy consumption, and high safety standards are some of the significant features of low voltage aluminum motors. Low voltage aluminum motors are preferred over cast iron motors, as it is highly resistant to corrosion and approximately 33% of the weight of low voltage motors is of cast iron. Low voltage aluminum motors are used in combination with fans, pumps, general machineries conveyors, machine tools, sheet metal presses and compressors, etc.
The high efficiency low voltage aluminum motor is classified into the IE2-high efficiency, IE3- premium efficiency and other according to the IEC efficiency standard. As of 2019, ie2-high efficiency low voltage aluminum motor segment occupied largest revenue market, with 54.4%, followed by IE3- premium efficiency low voltage aluminum moto, which occupied 43.3% market, with highly growth, other product, such as IE4 and IE5 also enter the market.
Based on industry, the global high efficiency low voltage aluminum motors market has been classified into food and beverages, machinery, chemical industry, water and wastewater treatment, marine and others. The food and beverages segments holds the most substantial share of the high efficiency low voltage aluminum motors market. Low voltage motors have a wide range of applications. With increasing efficiency, several other industries are opting for these motors to be used in pumps, fans, compressors, machine tools, conveyors, and other material handling and processing equipment, which constitute more than half of the motor driven products market.
The high efficiency low voltage aluminum motor market is relative concentrated market; key players include ABB, Siemens, WEG, TECO, Wolong Electric Group, Able Electric, Nidec Motor Corporation, Toshiba, Jinlong Motor, Shandong Huali, Regal Beloit Corporation, FangLi Holding; the revenue of top ten manufacturers accounts about 50.8% of the total revenue, in 2019. The high-end products mainly come from Europe and North America.
Market Analysis and Insights: Global High Efficiency Low Voltage Aluminum Motor Market
The global High Efficiency Low Voltage Aluminum Motor market was valued at US$ 3072.7 million in 2019 and it is expected to reach US$ 3549.1 million by the end of 2026, growing at a CAGR of 3.7% during 2021-2026.
Global High Efficiency Low Voltage Aluminum Motor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global High Efficiency Low Voltage Aluminum Motor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
IE2-HighEfficiency
IE3-PremiumEfficiency
Other
Segment by Application
Food and Beverages
Machinery
Chemical Industry
Water and Wastewater Treatment
Marine
Other
By Company
ABB
Siemens
WEG
TECO
Wolong Electric Group
Able Electric
Nidec Motor Corporation
Toshiba
Jinlong Motor
Shandong Huali
Regal Beloit Corporation
FangLi Holding
Production by Region
North America
Europe
China
Japan
Brazil
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
