Report overview
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.
This report aims to provide a comprehensive presentation of the global market for High Efficiency Low Voltage Aluminum Motor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Efficiency Low Voltage Aluminum Motor. This report contains market size and forecasts of High Efficiency Low Voltage Aluminum Motor in global, including the following market information:
Global High Efficiency Low Voltage Aluminum Motor Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global High Efficiency Low Voltage Aluminum Motor Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five High Efficiency Low Voltage Aluminum Motor companies in 2022 (%)
The global High Efficiency Low Voltage Aluminum Motor market was valued at US$ 3045.2 million in 2022 and is projected to reach US$ 3885 million by 2029, at a CAGR of 3.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the High Efficiency Low Voltage Aluminum Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global High Efficiency Low Voltage Aluminum Motor Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global High Efficiency Low Voltage Aluminum Motor Market Segment Percentages, by Type, 2022 (%)
IE2-HighEfficiency
IE3-PremiumEfficiency
Other
Global High Efficiency Low Voltage Aluminum Motor Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global High Efficiency Low Voltage Aluminum Motor Market Segment Percentages, by Application, 2022 (%)
Food and Beverages
Machinery
Chemical Industry
Water and Wastewater Treatment
Marine
Other
Global High Efficiency Low Voltage Aluminum Motor Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global High Efficiency Low Voltage Aluminum Motor Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies High Efficiency Low Voltage Aluminum Motor revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies High Efficiency Low Voltage Aluminum Motor revenues share in global market, 2022 (%)
Key companies High Efficiency Low Voltage Aluminum Motor sales in global market, 2018-2023 (Estimated), (K Units)
Key companies High Efficiency Low Voltage Aluminum Motor sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the 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
Outline of Major Chapters:
Chapter 1: Introduces the definition of High Efficiency Low Voltage Aluminum Motor, market overview.
Chapter 2: Global High Efficiency Low Voltage Aluminum Motor market size in revenue and volume.
Chapter 3: Detailed analysis of High Efficiency Low Voltage Aluminum Motor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of High Efficiency Low Voltage Aluminum Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global High Efficiency Low Voltage Aluminum Motor capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
