Low Voltage Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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Low-voltage electric motors refer to motors which utilise voltage less than 1000V. The main characteristics of these motors include improved quality and productivity, positive energy balance and high safety standards. Owing to this, low-voltage electric motors are installed in lifts, compressors, fans, chillers, air-handling units and pumps. In addition, they find applications in diverse industries such as food and beverage, automotive, packaging, mining, oil and gas, etc. According to the latest report by IMARC Group, titled “Low-Voltage Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global low-voltage electric motor market reached a volume of around 381 Million Units in 2017, growing at a CAGR of 9.6% during 2010-2017.

Increasing industrialization across the globe is fuelling the growth of the automation industry. This has created a huge demand for low-voltage electric motors so as to minimize the additional cost of production. Moreover, a shift in consumer preference from low-efficiency motors to high-efficiency and energy-saving motors has propelled the demand for low-voltage motors. Further, a surge in construction and renovation of residential spaces worldwide is expected to influence the market growth in the upcoming years. Looking forward, the market is projected to reach a volume of 653 Million Units by 2023, expanding at a CAGR of more than 9.3% during 2018-2023.

Low Voltage Electric Motor Market Report

Market Summary:

  • Based on efficiency, the market has been segmented into standard, high, premium and super premium efficiency. Currently, standard efficiency low-voltage electric motors dominate the market, holding the largest share.
  • On the basis of end-use, commercial HVAC represents the largest segment, followed by food, beverage and tobacco industry, mining industry, and utilities.
  • The market has also been segregated on the basis of application into pumps and fans, and compressors. Amongst these, pumps and fans hold the majority of the total market.
  • Region-wise, North and South America is the leading market, accounting for the largest share globally. Other major markets include Europe, Middle East and Africa, and China.
  • The competitive landscape of the market has also been examined with some of the key players being ABB, Siemens, WEG, TECO E&M, Regal Beloit, Leroy-Somer, Shandong Huali, Hyundai Heavy Industries, Hyosung Corporation and NIDEC.


This report provides a deep insight into the global low-voltage electric motor industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a low-voltage electric motor manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the low-voltage electric motor industry in any manner.

Key Questions Answered in This Report:

  • How has the global low-voltage electric motor market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global low-voltage electric motor industry?
  • What are the major application segments in the global low-voltage electric motor industry?
  • What are the key end-use segment in the global low-voltage electric motor industry?
  • What are the key efficiency segments in the global low-voltage electric motor industry?
  • What are the various stages in the value chain of the global low-voltage electric motor industry?
  • What are the key driving factors and challenges in the global low-voltage electric motor industry?
  • What is the structure of the global low-voltage electric motor industry and who are the key players?
  • What is the degree of competition in the global low-voltage electric motor industry?
  • What are the profit margins in the global low-voltage electric motor industry?
  • What are the key requirements for setting up a low-voltage electric motor manufacturing plant?
  • How is low-voltage electric motor manufactured?
  • What are the various unit operations involved in a low-voltage electric motor manufacturing plant?
  • What is the total size of land required for setting up a low-voltage electric motor manufacturing plant?
  • What are the machinery requirements for setting up a low-voltage electric motor manufacturing plant?
  • What are the raw material requirements for setting up a low-voltage electric motor manufacturing plant?
  • What are the packaging requirements for low-voltage electric motor?
  • What are the transportation requirements for low-voltage electric motor?
  • What are the utility requirements for setting up a low-voltage electric motor manufacturing plant?
  • What are the manpower requirements for setting up a low-voltage electric motor manufacturing plant?
  • What are the infrastructure costs for setting up a low-voltage electric motor manufacturing plant?
  • What are the capital costs for setting up a low-voltage electric motor manufacturing plant?
  • What are the operating costs for setting up a low-voltage electric motor manufacturing plant?
  • What will be the income and expenditures for a low-voltage electric motor manufacturing plant?
  • What is the time required to break-even?

1        Preface
2        Scope and Methodology
 
  2.1     Objectives of the study
    2.2     Stakeholders
    2.3     Data Sources
        2.3.1     Primary Sources
        2.3.2     Secondary Sources
    2.4     Market Estimation
       
2.4.1     Bottom-Up Approach
        2.4.2     Top-Down Approach
    2.5     Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Electric Motor Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Region
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Application
    5.6    Market Forecast
6    Global Low Voltage Electric Motor Industry
    6.1    Market Overview
    6.2    Market Performance
    6.3    Market Breakup by Region
    6.4    Market Breakup by Power Ratings
    6.5    Market Breakup by Efficiency
    6.6    Market Breakup by End-Use Industry
    6.7    Market Breakup by Application
    6.8    Market Forecast
    6.9    Key Market Drivers and Success Factors
   7    Global Low Voltage Electric Motor Market: Performance of Key Regions
    7.1    North and South America
    7.2    Europe, Middle East and Africa
    7.3    China
    7.4    Others
8    Global Low Voltage Electric Motor Market: Market by Efficiency
    8.1    Standard Efficiency 
    8.2    High Efficiency 
    8.3    Premium Efficiency 
    8.4    Super Premium Efficiency 
9      Global Low Voltage Electric Motor Market: Market by End-Use Industry
    9.1    Commercial HVAC Industry
    9.2    Food, Beverage and Tobacco Industry
    9.3    Mining Industry
    9.4    Utilities
    9.5    Others
10    Global Low Voltage Electric Motor Market: Market by Application
    10.1  Pumps and Fans
    10.2  Compressors
    10.3  Other Applications
11    Global Low Voltage Electric Motor Market: Competitive Landscape
    11.1   Market Structure
    11.2   Market Share of Key Players
12    Global Low Voltage Electric Motor Market: SWOT Analysis
    12.1   Strengths
    12.2   Weaknesses
    12.3   Opportunities
    12.4   Threats
13    Global Low Voltage Electric Motor Market: Value Chain Analysis
14    Global Low Voltage Electric Motor Market: Porter’s Five Forces Analysis

    14.1   Overview
    14.2   Bargaining Power of Buyers
    14.3   Bargaining Power of Suppliers
    14.4   Degree of Competition
    14.5   Threat of New Entrants
    14.6   Threat of Substitutes
15    Low Voltage Electric Motor Manufacturing Process
    15.1    Product Overview
    15.2    Detailed Process Flow
    15.3    Various Types of Unit Operations Involved
    15.4    Mass Balance and Raw Material Requirements
16    Project Details, Requirements and Costs Involved
    16.1    Land Requirements and Expenditures
    16.2    Construction Requirements and Expenditures
    16.3    Plant Layout
    16.4    Plant Machinery
    16.5    Raw Material Requirements and Expenditures
    16.6    Packaging Requirements and Expenditures
    16.7    Transportation Requirements and Expenditures
    16.8    Utility Requirements and Expenditures
    16.9    Manpower Requirements and Expenditures
    16.10    Other Capital Investments
17    Loans and Financial Assistance
18    Project Economics

    18.1    Capital Cost of the Project
    18.2    Techno-Economic Parameters
    18.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    18.4    Taxation and Depreciation
    18.5    Income Projections
    18.6    Expenditure Projections
    18.7    Financial Analysis
    18.8    Profit Analysis
19    Key Player Profiles
    19.1    ABB
    19.2    Siemens
    19.3    WEG
    19.4    TECO E&M
    19.5    Regal Beloit
    19.6    Leroy-Somer
    19.7    Shandong Huali
    19.8    Hyundai Heavy Industries
    19.9    Hyosung Corporation
    19.10  NIDEC

 

List of Figures

Figure 1: Electric Motor Industry: Major Drivers and Challenges
Figure 2: Global: Electric Motors Market (in US$ Billion), 2010-2017
Figure 3: Global: Electric Motors Market: Consumption Breakup by Region (in %), 2017
Figure 4: Global: Electric Motors Market: Consumption Breakup by Type (in %), 2017
Figure 5: Global: Electric Motors: Breakup by Application Sector (in %), 2017
Figure 6: Global: Electric Motors Market Forecast (in US$ Billion), 2018-2023
Figure 7: Global: Low Voltage Electric Motors Market (in US$ Billion), 2010-2017
Figure 8: Global: Low Voltage Electric Motors Market: Breakup by Region (% by Revenues), 2017
Figure 9: Global: Low Voltage Electric Motors Market: Breakup by Voltage (% by Revenues), 2017
Figure 10: Global: Low Voltage Electric Motors Market: Breakup by Efficiency (% by Revenues), 2017
Figure 11: Global: Low Voltage Electric Motors Market: Breakup by Industry Sector (% by Revenues), 2017
Figure 12: Global: Low Voltage Electric Motors Market: Breakup by Application (% by Revenues), 2017
Figure 13: Global: Low Voltage Electric Motors Market Forecast (in US$ Billion), 2018-2023
Figure 14: Low Voltage Electric Motor Industry: SWOT Analysis
Figure 15: Low Voltage Electric Motor Industry: Value Chain Analysis
Figure 16: Low Voltage Electric Motor Industry: Porter’s Five Forces Analysis
Figure 17: North and South America: Low Voltage Electric Motor Market (in US$ Billion), 2010, 2017 & 2023
Figure 18: Europe, Middle East and Africa: Low Voltage Electric Motor Market (in US$ Billion), 2010, 2017 & 2023
Figure 19: China: Low Voltage Electric Motor Market (in US$ Billion), 2010, 2017 & 2023
Figure 20: Rest of Asia: Low Voltage Electric Motor Market (in US$ Billion), 2010, 2017 & 2023
Figure 21: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: Standard Efficiency Electric Motors, 2010, 2017 & 2023
Figure 22: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: High Efficiency Electric Motors, 2010, 2017 & 2023
Figure 23: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: Premium Efficiency Electric Motors, 2010, 2017 & 2023
Figure 24: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: Super Premium Efficiency Electric Motors, 2010, 2017 & 2023
Figure 25: Global: Low Voltage Electric Motor Market: Breakup by Efficiency: Others, 2010, 2017 & 2023
Figure 26: Global: Low Voltage Electric Motor Market: Commercial HVAC Industry, 2010, 2017 & 2023
Figure 27: Global: Low Voltage Electric Motor Market: Food, Beverage and Tobacco Industry, 2010, 2017 & 2023
Figure 28: Global: Low Voltage Electric Motor Market: Mining Industry, 2010, 2017 & 2023
Figure 28: Global: Low Voltage Electric Motor Market: Utilities, 2010, 2017 & 2023
Figure 29: Global: Low Voltage Electric Motor Market: Other Applications, 2010, 2017 & 2023
Figure 30: Global: Low Voltage Electric Motor Market: Pumps and Fans, 2010, 2017 & 2023
Figure 31: Global: Low Voltage Electric Motor Market: Compressors (in US$ Billion), 2010, 2017 & 2023
Figure 32: Global: Low Voltage Electric Motor Market: Other Applications, 2010, 2017 & 2023
Figure 33: Electric Motor: Major Parts and Assembly Line Operations
Figure 34: Electric Motor Assembling: Various Types of Unit Operations Involved
Figure 35: AC Squirrel Cage Induction Motor Manufacturing Process: Conversion Rate of Products
Figure 36: DC Brushless Motor Manufacturing Process: Conversion Rate of Products
Figure 37: Interior Permanent Magnet Motor Manufacturing Process: Conversion Rate of Products
Figure 38: Electric Motors Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Figure 39: Electric Motors Manufacturing Plant: Costs Related to Civil Works (in US$)
Figure 40: Electric Motors Manufacturing Plant: Proposed Plant Layout
Figure 41: Electric Motors Manufacturing Plant: Machinery Costs (in US$)
Figure 42: Electric Motors Manufacturing Plant: Raw Material Requirements (in Units/Day)
Figure 43: Electric Motors Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Figure 44: Electric Motors Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Figure 45: Electric Motors Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 46: Electric Motor Manufacturing Plant: Breakup of Profit Margins at Various Level of the Supply Chain
Figure 47: Electric Motors Manufacturing Plant: Breakup of Production Costs (in %)


List of Tables

Table 1: Global Electric Motor Market: Key Industry Highlights, 2017 and 2023
Table 2: Global Low Voltage Electric Motor Market: Key Industry Highlights, 2017 and 2023
Table 3: Global: Low Voltage Electric Motor Market Forecast: Breakup by Region (in US$ Billion), 2018-2023
Table 4: Global: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (in US$ Billion), 2018-2023
Table 5: Global: Low Voltage Electric Motor Market Forecast: Breakup by End-Use Industry (in US$ Billion),  2018-2023
Table 6: Global: Low Voltage Electric Motor Market Forecast: Breakup by Application (in US$ Billion), 2018-2023
Table 7: Global: Electric Motor Market: Competitive Landscape
Table 8: Global: Low Voltage Electric Motors Market: Breakup by Region (% by Revenues)
Table 9: Details of Financial Assistance Offered by Financial Institutions
Table 10: Electric Motors Manufacturing Plant: Capital Costs (in US$)
Table 11: Electric Motors Manufacturing Plant: Techno-Economic Parameters
Table 12: Electric Motor Manufacturing Plant: Taxation (in US$)
Table 13: Electric Motor Manufacturing Plant: Depreciation (in US$)
Table 14: Electric Motor Manufacturing Plant: Income Projections (in US$)
Table 15: Electric Motor Manufacturing Plant: Expenditure Projections (in US$)
Table 16: Electric Motor Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 17: Electric Motor Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 18: Electric Motor Manufacturing Plant: Profitability Analysis


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