Global Low Voltage Motors Market 2017-2021
About Low Voltage Motors
Low voltage motors operate at a voltage below 1,000 V and can deliver a power output of 1,000 kW. As compared with the ordinary motors, these motors are energy efficient and can provide the desired output by achieving optimality in operations. Low voltage motors convert electrical energy into mechanical energy to drive electrical equipment. These motors reduce energy consumption and carbon emissions, providing cost effectiveness to companies with less impact on the environment.
Technavio’s analysts forecast the global low voltage motors market to grow at a CAGR of 9.56% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global low voltage motors market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Low Voltage Motors Market 2017-2021
Technavio recognizes the following companies as the key players in the global low voltage motors market: ABB, ATB, GE, Nidec, Siemens, and WEG.
Other Prominent Vendors in the market are: AMK, Hanzel, Marelli Motori, OME, TECO-Westinghouse Motors (Canada), and VEM.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is smart sensors used in low voltage motors. It has been noticed that the monitoring and maintenance of low voltage motors are time consuming and expensive. Failures or big-sized motors also add up to the total expenses of the end-users.”
According to the report, one driver in the market is increasing demand for motors that can provide protection against thermal overload. As various industries work on variable current loads, the chances of the failure of an equipment increase manifold. To overcome the problem created by the variability in load, industries are now using low voltage motors. The existing and traditional fixed speed motors were not giving the protection required for the equipment to work in adverse conditions. The torque delivered by such motors was also less.
Further, the report states that one challenge in the market is low voltage motors are susceptible to corrosion. Low voltage motors are made from materials like aluminum, copper, and silver that are easily subject to problems of corrosion. The low voltage motors in the equipment that is in contact with moisture or washed regularly might experience issues with the functioning of motors. This will result in the end-users not achieving the desired output. This factor, in turn, gives rise to the low service life of the motors and affects the reputation of the vendor.
ABB, ATB, GE, Nidec, Siemens, WEG, AMK, Hanzel, Marelli Motori, OME, TECO-Westinghouse Motors (Canada), and VEM.