Global High Efficiency Low Voltage Aluminum Motor Market Growth 2023-2029

Global High Efficiency Low Voltage Aluminum Motor Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “High Efficiency Low Voltage Aluminum Motor Industry Forecast” looks at past sales and reviews total world High Efficiency Low Voltage Aluminum Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected High Efficiency Low Voltage Aluminum Motor sales for 2023 through 2029. With High Efficiency Low Voltage Aluminum Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Efficiency Low Voltage Aluminum Motor industry.
This Insight Report provides a comprehensive analysis of the global High Efficiency Low Voltage Aluminum Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Efficiency Low Voltage Aluminum Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Efficiency Low Voltage Aluminum Motor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Efficiency Low Voltage Aluminum Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Efficiency Low Voltage Aluminum Motor.
The global High Efficiency Low Voltage Aluminum Motor market size is projected to grow from US$ 2895.1 million in 2022 to US$ 3768.5 million in 2029; it is expected to grow at a CAGR of 3768.5 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of High Efficiency Low Voltage Aluminum Motor market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
IE2-HighEfficiency
IE3-PremiumEfficiency
Other
Segmentation by application
Food and Beverages
Machinery
Chemical Industry
Water and Wastewater Treatment
Marine
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
WEG
TECO
Wolong Electric Group
Able Electric
Nidec Motor Corporation
Toshiba
Jinlong Motor
Shandong Huali
Regal Beloit Corporation
FangLi Holding

Key Questions Addressed in this Report
What is the 10-year outlook for the global High Efficiency Low Voltage Aluminum Motor market?
What factors are driving High Efficiency Low Voltage Aluminum Motor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do High Efficiency Low Voltage Aluminum Motor market opportunities vary by end market size?
How does High Efficiency Low Voltage Aluminum Motor break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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