Global Medium & Low Voltage Motors Market, By medium Voltage Motor Type (AC Motors, DC Motors), By Low Voltage Motor Type (IE1, IE2, IE3, and IE4), By End-User (Automotive, Electronics, Mining, Textile, And Others), Estimation & Forecast, 2019 – 2026

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Global Medium & Low Voltage Motor Market is estimated to reach $20.5 billion in 2019 with a CAGR of 6.5% from 2019 to 2026.
  • Market Definition

    Global medium & low voltage motor market is estimated to reach $20.5 billion in 2019 with a CAGR of 6.5% from 2019 to 2026. Low voltage motors function at voltages below 1,000 V and produce a maximum power of 1,000 kW. Medium voltage motors function at voltages up to 13.8 kV or slightly higher.

    Industry Dynamics

    The increasing focus on energy efficiency owing to the high power consumption by industrial motors is a key factor propelling the demand for low and medium voltage motors. The adoption of low voltage motors is increasing owing to their ability to measure electric current, control tasks, ensure energy efficiency and stability, and provide precision through speed. Rising industrialization in various countries globally is a macroeconomic factor supporting market growth. Moreover, the majority of the manufacturers are shifting focus towards cutting-edge technology and quality low & medium voltage motors to improve their production process which thereby leads to the increase in demand for advanced low and medium voltage motors. Despite the drivers, the lack of technical knowledge about connection and maintenance, the requirement of several changes to install medium voltage motors on sites, and fluctuating cost of raw materials may negatively affect the market growth over the forecast period. Moreover, low voltage motors are vulnerable to overheating and corrosion. This drawback of low voltage motors if not overcome may hamper the market growth.

    Market Segmentation

    The global medium & Low voltage motor market has been divided into medium voltage motor type, low voltage motor type, and end-user. The medium voltage motor type has been segmented into AC motors and DC motors. The low voltage motor type has been segmented into IE1, IE2, IE3, and IE4. IE1 represents the standard efficiency class of energy-efficient motors, IE2 represents high efficiency, IE3 denotes premium efficiency, and IE4 stands for super-premium efficiency. By the end-user, the market has been segmented into automotive, electronics, mining, textile, and others.

    Regional Analysis

    On a regional basis, the global medium & Low voltage motor market has been divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America has been classified into the U.S. and Canada. Europe region has been classified into the UK, France, Germany, Italy, and Rest of Europe. Asia-Pacific has been classified into South Korea, China, Japan, India, and Rest of Asia-Pacific. Furthermore, the South America region has been segmented into Brazil, Mexico, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Africa, and the Rest of the Middle East.

    The Asia Pacific dominated the global market owing to the rising uptake of low and medium voltage motors by the automotive and electronics industry in the region. The demand for medium voltage motors for coal handling systems, blowers, and feed water pumps is surging owing to the growing number of power generation, water and wastewater treatment, steel, cement, other plants in the Asia Pacific region. Additionally, the North America region is projected to witness significant growth in the global market, especially due to the increasing demand of low & medium voltage motors in the US and Canada during the assessment period.

    Key Players

    Key players operating in the medium & Low voltage motor industry include ABB Ltd., Toshiba Corporation, General Electric Corporation, WEG SA, TECO Electric & Machinery Co. Ltd., ATB Group, Hyosung Power and Industrial Systems Performance Group, Shandong Huali Electric Motor Group, LEZ Ruselprom, and Hyundai Heavy Industries. New product launches, mergers & acquisitions, and collaborations are some strategies undertaken by key players to sustain their market share. For instance, in October 2019, ABB Ltd launched NeoGear, a low-voltage switch gear. Similarly, in January 2018, ABB Ltd. launched a range of EQ A44 three phase 690 V high-functionality electricity motors. The company’s EQ A44 552-110 or A44 553-110 meters can be effortlessly installed without the requirement of additional voltage transformers, thereby reducing the installation and purchase costs. Similarly, in November 2017, Toshiba Corporation launched a series of totally enclosed explosion proof (TEXP) motors in medium and low voltage selections. Likewise, in March 2017, ABB Ltd launched Safe panelboard, low-voltage ReliaGear switchgear, SafeT switchboard, motor control center, and busway. These launches symbolized nearly $25 million research and development investment made by the company to propel its worldwide leadership in switchgear to the North American market.

    Medium & Low Voltage Motor Market Key Segments:

    By Medium Voltage Motor Type

    • AC Motors
    • DC Motors

    By Low Voltage Motor Type

    • IE1
    • IE2
    • IE3
    • IE4

    By End-user

    • Automotive
    • Electronics
    • Mining
    • Textile
    • Others

    By Geography

    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • South America
      • Brazil
      • Argentina
      • Mexico
      • Rest of South America
    • Middle East & Africa
      • GCC Countries
      • Egypt
      • South Africa
      • Rest of Middle East & Africa

    Frequently Asked Questions (FAQ):

    What countries in the Asia Pacific are supposed to hold a substantial share in the global medium and low voltage motor market?

    The key countries accounting for substantial market share in the Asia Pacific region are India, China, Japan, and South Korea.

    What is the anticipated CAGR of the market during the assessment period?

    The market is expected to register a CAGR of 6.5% between 2019 and 2026.

    Who are the key players in the global market?

    ABB Ltd., Toshiba Corporation, General Electric Corporation, and WEG SA are some of the prominent players in the market.

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  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Global Medium & Low Voltage Motors Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.4. Restraints
    3.5. Opportunities
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Global Medium & Low Voltage Motors Market, By Medium Voltage Motor Type
    4.1. Overview
    4.2. AC Motors
    4.2.1. Market Size & Forecast, 2019-2026
    4.3. DC Motors
    4.3.1. Market Size & Forecast, 2019-2026

    5. Global Medium & Low Voltage Motors Market, By Low Voltage Motor Type
    5.1. Overview
    5.2. IE1
    5.2.1 Market Size & Forecast, 2019-2026
    5.3. IE2
    5.3.1 Market Size & Forecast, 2019-2026
    5.4. IE3
    5.4.1 Market Size & Forecast, 2019-2026
    5.5. IE4
    5.5.1 Market Size & Forecast, 2019-2026

    6. Global Medium & Low Voltage Motors Market, By End-User
    6.1. Overview
    6.2. Automotive
    6.2.1 Market Size & Forecast, 2019-2026
    6.3. Electronics
    6.3.1 Market Size & Forecast, 2019-2026
    6.4. Mining
    6.4.1 Market Size & Forecast, 2019-2026
    6.5. Textile
    6.5.1 Market Size & Forecast, 2019-2026
    6.6. Others

    7. Global Medium & Low Voltage Motors Market, Region
    7.1. Overview
    7.1.1. Global Market Size & Forecast, 2017-2026
    7.2. North America Medium & Low Voltage Motors Market
    7.2.1. North America Market Size & Forecast, 2019-2026, By Country
    7.2.2. North America Market Size & Forecast, 2019-2026, By Medium Voltage Motor Type
    7.2.3. North America Market Size & Forecast, 2019-2026, By Low Voltage Motor Type
    7.2.4. North America Market Size & Forecast, 2019-2026, By End-User
    7.2.5. U.S.
    7.2.5.1. Market Size and Forecast, 2019-2026
    7.2.6. Canada
    7.2. 6.1. Market Size and Forecast, 2019-2026
    7.3. Europe Medium & Low Voltage Motors Market
    7.3.1. Europe Market Size & Forecast, 2019-2026, By Country
    7.3.2. Europe Market Size & Forecast, 2019-2026, By Medium Voltage Motor Type
    7.2.3. Europe Market Size & Forecast, 2019-2026, By Low Voltage Motor Type
    7.2.4. Europe Market Size & Forecast, 2019-2026, By End-User
    7.3.5. Germany
    7.3.5.1. Market Size and Forecast, 2019-2026
    7.3.6. France
    7.3.6.1. Market Size and Forecast, 2019-2026
    7.3.7. UK
    7.3.7.1. Market Size and Forecast, 2019-2026
    7.3.8. Italy
    7.3.8.1. Market Size and Forecast, 2019-2026
    7.3.9. Spain
    7.3.9.1. Market Size and Forecast, 2019-2026
    7.3.10. Rest of Europe
    7.3.10.1. Market Size and Forecast, 2019-2026
    7.4. Asia-Pacific Medium & Low Voltage Motors Market
    7.4.1. Asia-Pacific Market Size & Forecast, 2019-2026, By Country
    7.4.2. Asia-Pacific Market Size & Forecast, 2019-2026, By Medium Voltage Motor Type
    7.2.3. Asia-Pacific Market Size & Forecast, 2019-2026, By Low Voltage Motor Type
    7.2.4. Asia-Pacific Market Size & Forecast, 2019-2026, By End-User
    7.4.5. Japan
    7.4.5.1. Market Size and Forecast, 2019-2026
    7.4.6. China
    7.4.6.1. Market Size and Forecast, 2019-2026
    7.4.7. Australia
    7.4.7.1. Market Size and Forecast, 2019-2026
    7.4.8. India
    7.4.8.1. Market Size and Forecast, 2019-2026
    7.4.9. South Korea
    7.4.9.1. Market Size and Forecast, 2019-2026
    7.4.10. Rest of Asia-Pacific
    7.4.10.1. Market Size and Forecast, 2019-2026
    7.5. South America Medium & Low Voltage Motors Market
    7.5.1. South America Market Size & Forecast, 2019-2026, By Country
    7.5.2. South America Market Size & Forecast, 2019-2026, By Medium Voltage Motor Type
    7.5.3. South America Market Size & Forecast, 2019-2026, By Low Voltage Motor Type
    7.5.4. South America Market Size & Forecast, 2019-2026, By End-User
    7.5.5. Brazil
    7.5.5.1. Market Size and Forecast, 2019-2026
    7.5.6. Argentina
    7.5.6.1. Market Size and Forecast, 2019-2026
    7.5.7. Rest of South America
    7.5.7.1. Market Size and Forecast, 2019-2026
    7.6. Middle East & Africa Medium & Low Voltage Motors Market
    7.6.1. Middle East & Africa Market Size & Forecast, 2019-2026, By Country
    7.6.2. Middle East & Africa Market Size & Forecast, 2019-2026, By Medium Voltage Motor Type
    7.2.3. Middle East & Africa Market Size & Forecast, 2019-2026, By Low Voltage Motor Type
    7.2.4. Middle East & Africa Market Size & Forecast, 2019-2026, By End-User
    7.6.5. GCC Countries
    7.6.5.1. Market Size and Forecast, 2019-2026
    7.6.6. Egypt
    7.6.6.1. Market Size and Forecast, 2019-2026
    7.6.7. South Africa
    7.6.7.1. Market Size and Forecast, 2019-2026
    7.6.8. Rest of Middle East & Africa
    7.6.8.1. Market Size and Forecast, 2019-2026

    8. Company Profile
    8.1. ABB Ltd.
    8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    8.1.2. Product, Type, Category, Product, and Specification
    8.1.3. Financial Performance
    8.1.4. Strategic Initiatives
    8.2. Toshiba Corporation
    8.3. General Electric Corporation
    8.4. WEG SA
    8.5. TECO Electric & Machinery Co. Ltd.
    8.6. ATB Group
    8.7. Hyosung Power and Industrial Systems Performance Group
    8.8. Shandong Huali Electric Motor Group
    8.9. LEZ Ruselprom
    8.10. Hyundai Heavy Industries

    9. List of Tables
    Table 1 Global Medium & Low Voltage Motors Market Share, By Medium Voltage Motor Type, 2016-2026 ($Million)
    Table 2 AC Motors, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 3 DC Motors, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 4 Global Medium & Low Voltage Motors Market Share, By Low Voltage Motor Type, 2016-2026 ($Million)
    Table 5 IE1, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 6 IE2, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 7 IE3, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 8 IE4, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 9 Global Medium & Low Voltage Motors Market Share, By End-User, 2016-2026 ($Million)
    Table 10 Ambulatory, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 11 Electronics, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 12 Mining, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 13 Textile, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 14 Others, Medium & Low Voltage Motors Market Share, By Region, 2016-2026 ($Million)
    Table 15 Global Medium & Low Voltage Motors Market Value, 2016-2026 ($Million)
    Table 16 North America, Medium & Low Voltage Motors Market Value and Growth Rate, 2016-2026 ($Million)
    Table 17 North America, Medium & Low Voltage Motors Market Share Value, By Country, 2016-2026 ($Million)
    Table 18 North America Medium & Low Voltage Motors Market Share Value, By Medium Voltage Motor Type, 2016-2026 ($Million)
    Table 19 North America Medium & Low Voltage Motors Market Share Value, By Low Voltage Motor Type, 2016-2026 ($Million)
    Table 20 North America Medium & Low Voltage Motors Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 21 Europe Medium & Low Voltage Motors Market Value and Growth Rate, 2016-2026 ($Million)
    Table 22 Europe Medium & Low Voltage Motors Market Share Value, By Country, 2016-2026 ($Million)
    Table 23 Europe Medium & Low Voltage Motors Market Share Value, By Medium Voltage Motor Type, 2016-2026 ($Million)
    Table 24 Europe Medium & Low Voltage Motors Market Share Value, By Low Voltage Motor Type, 2016-2026 ($Million)
    Table 25 Europe Medium & Low Voltage Motors Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 26 Asia Pacific Medium & Low Voltage Motors Market Value and Growth Rate, 2016-2026 ($Million)
    Table 27 Asia Pacific Medium & Low Voltage Motors Market Share Value, By Country, 2016-2026 ($Million)
    Table 28 Asia Pacific Medium & Low Voltage Motors Market Share Value, By Medium Voltage Motor Type, 2016-2026 ($Million)
    Table 29 Asia Pacific Medium & Low Voltage Motors Market Share Value, By Low Voltage Motor Type, 2016-2026 ($Million)
    Table 30 Asia Pacific Medium & Low Voltage Motors Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 31 South America Medium & Low Voltage Motors Market Value and Growth Rate, 2016-2026 ($Million)
    Table 32 South America Medium & Low Voltage Motors Market Share Value, By Country, 2016-2026 ($Million)
    Table 33 South America Medium & Low Voltage Motors Market Share Value, By Medium Voltage Motor Type, 2016-2026 ($Million)
    Table 34 South America Medium & Low Voltage Motors Market Share Value, By Low Voltage Motor Type, 2016-2026 ($Million)
    Table 35 South America Medium & Low Voltage Motors Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 36 South America Medium & Low Voltage Motors Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 37 Middle East & Africa Medium & Low Voltage Motors Market Value and Growth Rate, 2016-2026 ($Million)
    Table 38 Middle East & Africa Medium & Low Voltage Motors Market Share Value, By Country, 2016-2026 ($Million)
    Table 39 Middle East & Africa Medium & Low Voltage Motors Market Share Value, By Medium Voltage Motor Type, 2016-2026 ($Million)
    Table 40 Middle East & Africa Medium & Low Voltage Motors Market Share Value, By Low Voltage Motor Type, 2016-2026 ($Million)
    Table 41 Middle East & Africa Medium & Low Voltage Motors Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 42 Recent Developments

    10. List of Figures
    Figure 1 Global Medium & Low Voltage Motors Market Overview
    Figure 2 Global Medium & Low Voltage Motors Market Segmentation
    Figure 3 Global Medium & Low Voltage Motors Market Drivers
    Figure 4 Global Medium & Low Voltage Motors Market Restrains
    Figure 5 Global Medium & Low Voltage Motors Market Porter’s Analysis
    Figure 6 Global Medium & Low Voltage Motors Market share, By Medium Voltage Motor Type, 2018 VS 2026 (%)
    Figure 7 Global Medium & Low Voltage Motors Market share, By Low Voltage Motor Type, 2018 VS 2026 (%)
    Figure 8 Global Medium & Low Voltage Motors Market share, By End-User, 2018 VS 2026 (%)
    Figure 9 U.S. Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 10 Canada Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 11 U.K. Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 12 Germany Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 13 France Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 14 Italy Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 15 Rest of Europe Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 16 India Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 17 China Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 18 Japan Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 19 South Korea Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 20 Rest of Asia Pacific Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 21 Brazil Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 22 Argentina Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 23 Rest of South America Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 24 GCC Countries Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 25 Egypt Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 26 South Africa Medium & Low Voltage Motors Market share, 2016-2026 ($Million)
    Figure 27 Rest of Middle East & Africa Medium & Low Voltage Motors Market share, 2016-2026 ($Million)

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    • ABB Ltd.
    • Toshiba Corporation
    • General Electric Corporation
    • WEG SA
    • TECO Electric & Machinery Co. Ltd.
    • ATB Group
    • Hyosung Power and Industrial Systems Performance Group
    • Shandong Huali Electric Motor Group
    • LEZ Ruselprom
    • Hyundai Heavy Industries
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