The Australia low voltage electric motor market size reached USD 306.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 447.0 Million by 2033, exhibiting a growth rate (CAGR) of 4.30% during 2025-2033. The market share is expanding, driven by the rising development of smart buildings and eco-friendly infrastructure, which is creating the need for advanced and efficient electric motors, along with the increasing adoption of electric vehicles (EVs).
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 306.0 Million |
Market Forecast in 2033 | USD 447.0 Million |
Market Growth Rate 2025-2033 | 4.30% |
Increasing expenditure on infrastructure and construction projects
Rising investments in infrastructure and construction projects are offering a favorable Australia low voltage electric motor market outlook. In September 2024, Iberdrola, the prominent electric utility company, started constructing a massive solar energy and battery storage (BESS) facility in Australia, set to achieve a total capacity of 556 megawatts (MW). It is anticipated to be finished by mid-2026. As new buildings, highways, tunnels, and industrial zones are being built, electric motors are in high demand to power a variety of items, inculcating heating, ventilation, and air conditioning (HVAC) systems, elevators, pumps, conveyors, and heavy machinery. Low voltage electric motors are a popular choice for these applications due to their efficiency, dependability, and ease of installation. Construction sites rely on a wide range of powered tools and systems, and electric motors help to keep these equipment working smoothly and safely. Furthermore, as engineers strive to fulfill higher energy optimization criteria, they utilize low voltage electric motors with high efficiency ratings to reduce power usage. With the expansion of smart buildings and eco-friendly infrastructure, there is a rise in the need for motors that can work with automation systems and sensors. Regional development projects are also driving the demand for low voltage electric motors in water systems and public transportation systems.
Growing utilization of EVs
The increasing adoption of EVs is impelling the Australia low voltage electric motor market growth. According to the Electric Vehicle Council, EV sales rose in Australia, accounting for nearly one out of every 10 cars sold in 2024, with their popularity anticipated to nearly double in the next two years. As more people are shifting towards EVs, the need for components like low voltage electric motors is high. These motors are employed in various parts of EVs to aid in propulsion and powering auxiliary systems like cooling fans, power windows, pumps, and HVAC systems. Automakers are utilizing low voltage electric motors since they are compact, efficient, and reliable. With the rise in EV manufacturing and assembly locally, there is a growing requirement for these motors within the supply chain. Charging infrastructure and service stations that cater to EVs also use these motors in different support systems. As government policies continue to promote greener transportation and more charging stations are being established around the country, the overall EV ecosystem gets stronger. This is making low voltage electric motors an essential part of the industry.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on efficiency, application, and end-use industry.
Efficiency Insights:
The report has provided a detailed breakup and analysis of the market based on the efficiency. This includes standard efficiency, high efficiency, premium efficiency, and super premium efficiency.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes pumps and fans, compressors, and others.
End-Use Industry Insights:
The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes commercial HVAC industry, food, beverage and tobacco industry, mining industry, utilities, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Efficiencies Covered | Standard Efficiency, High Efficiency, Premium Efficiency, Super Premium Efficiency |
Applications Covered | Pumps and Fans, Compressors, Others |
End-Use Industries Covered | Commercial HVAC Industry, Food, Beverage and Tobacco Industry, Mining Industry, Utilities, Others |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: