Low Voltage Motors Market Global Analysis
A report published by Fact.MR on the Low Voltage Motors market offers an in-depth assessment of the growth trajectory and landscape of the market. Further, with the help of the historic data from the year 20XX to 20XX, projected data for 20XX, and forecasted data till the year 20XX, in terms of volume and revenue, the presented study provides a thorough assessment of the overall dynamics of the market.
The report throws light on micro and macro-economic factors that are likely to impact the prospects of the Low Voltage Motors market. The key trends and their influence on the value chain of the end-users and suppliers are thoroughly analyzed in the latest report.
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Essential Findings of the Report:
- Current market scenario in various regional markets
- New developments and challenges faced by market players in the Low Voltage Motors market
- In-depth understanding of the prominent market players
- Comparative assessment of the various market segments and sub-segments
- Y-o-Y growth of the various segments and sub-segments
Segmentation Assessment of the Low Voltage Motors Market
The Low Voltage Motors market is segmented on the basis of application, region, and end-user among others. The projected growth of each segment and sub-segment is included in the report along with accurate graphs and figures.
- In March 2019, ABB, a leading player in low voltage motors market won a contract to supply a comprehensive power and propulsion package for the construction of China’s first home-built cruise ship. The 323-meter vessel will feature ABB’s Azipod® steerable propulsion systems and due for delivery in 2023.
- In March 2019, Siemens AG and State Power Investment Corporation Limited (SPIC) signed a strategic partnership agreement to expand their cooperation in power generation in addition to previously agreed technology collaboration between the company and China’ s United Heavy-duty Gas Turbine Company (UGTC).
- WEG introduced a new line of motors in March 2019, specifically designed for mining and cement industries which require reliable and tough machinery. According to company, the ‘M Mining’ motors incorporate a brand new system of brushes and slip rings along with special features, enabling them to work under severe and harsh area applications.
Other leading players participating in the low voltage motors market include TECO E&M, Shangdong Huali, Hyosung Corporation, GE, Regal Beloit, Hyundai Heavy Industries, TOSHIBA, Nidec Corporation, Leroy Somer, LEZ Ruselprom, and Fuji Electrics.
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IE4 Premium Motors to Gain Speedy Momentum in Low Voltage Motors Market
Although IE2 efficiency class motors continue to lead the low voltage motors market, IE4 premium motors are likely to gain robust adoption, owing to their high efficiency. These class of motors are marketed as “Supreme Premium Efficiency” motors to industrial machinery market. IE4 motors offer number of advantages to end-use industries including lower operating temperatures, longer service life, and high energy savings which help reduce greenhouse gas of CO2 emissions.
F&B manufacturing sector is estimated to emerge as fastest growing segment, registering the highest CAGR in low voltage motors market during 2017-2022 period. Further, commercial HVAC and other sectors will continue to complement the growth of low voltage motors market, with both representing a significantly high revenue share.
The recent report published by Fact.MR on low voltage motors market is a result of a thorough and extensive research methodology. The actionable and detailed insights into global low voltage motors market are obtained through a two-step research process involving primary as well as secondary resources. The secondary research was conducted by particularly studying trade journals, paid resources, and other associated publications relevant to low voltage motors market. The primary research, on the other hand, involved interviewing industry experts. Along with a historical analysis, results from these processes were triangulated to determine the accurate and complete forecast of global low voltage motors market for the period between 2017 and 2022.
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Important Queries Related to the Low Voltage Motors Market Addressed in the Report:
- Who are the most established companies in the Low Voltage Motors market landscape?
- Which regional market is expected to witness the highest market growth?
- What are the various factors that are likely to impact the growth of the Low Voltage Motors market in region 1 and region 2?
- What are the various strategies adopted by market players to expand their presence in the Low Voltage Motors market?
- How can the potential market players penetrate the Low Voltage Motors market in the current scenario?
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