저전압 전기 모터 시장 보고서 : 효율, 최종 이용 산업, 용도 및 지역별(2026-2034년)

The global low voltage electric motor market size reached USD 15.9 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 22.0 Billion by 2034, exhibiting a growth rate (CAGR) of 3.60% during 2026-2034.

LOW VOLTAGE ELECTRIC MOTOR MARKET ANALYSIS

• Market Growth and Size: The global low voltage electrical equipment market is experiencing dynamic growth, driven by increasing technology across the globe and shift towards more efficient equipment The market is expected to expand greatly by improving quality, performance, and safety standards.
• Major Market Drivers: The growing demand for automation in various industries is the major factor driving the global trend towards energy efficiency including the demand for more efficient and energy-efficient machines. Furthermore, residential construction and maintenance services contribute to the growth of the market.
• Key Market Trends: The market is currently dominated by high-performance simple electrical appliances, with the largest segment in the commercial HVAC end-use industry pumps and fans are the main applications for appliances in premises including elevators, compressor and air conditioning reflects the demand for powerful equipment.
• Geographical Trends: Europe, Middle East, and Africa lead the market, followed by North and South America and China. These areas attest to the growing demand for low-energy electric motors in industries such as food and beverage trucking and mining.
• Competitive Landscape: Major market players are ABB Group, CG Power & Industrial Solutions Ltd (Murugappa Group), HD Hyundai Electric Co., Ltd., Hyosung Heavy Industries, Innomotics (Siemens AG), Nidec Conversion, Regal Rexnord Corporation, TECO-Westinghouse, WEG S.A., and others. Competition is fierce, and companies focus on innovation, energy efficiency and geographical expansion to gain a competitive advantage.
• Challenges and Opportunities: Challenges include competition, regulatory compliance and fluctuating raw material prices. However, there are opportunities for increased demand in energy efficient devices, technological advances and market expansion in emerging markets.

A low-voltage electric motor refers to a device that uses voltage below 1000V. The main characteristics of these devices are quality and efficiency, energy balance and high safety standards. For this reason, elevators, compressors, fans, chillers, air conditioners and pumps have been equipped with more simple electrical devices. In addition, they find applications in various industries such as food and beverage, automotive packaging, mining, oil, and gas.

Increasing technology across the globe is propelling the automation industry. This has led to the need for low energy power plants which greatly reduce the additional cost of production. Furthermore, construction and residential renovations across the globe are expected to impact the market growth in the coming years once there is a shift in consumer preferences from inefficient appliances towards energy efficient appliances inefficiency has led to a demand for more energy efficient devices.

KEY MARKET SEGMENTATION:

Breakup by Efficiency:

• Standard Efficiency
• High Efficiency
• Premium Efficiency
• Super Premium Efficiency

Based on efficiency, the market has been segmented into standard, high, premium and super premium efficiency. Currently, high efficiency low-voltage electric motors dominate the market, holding the largest share.

Breakup by End-Use Industry:

• Commercial HVAC Industry
• Food, Beverage and Tobacco Industry
• Mining Industry
• Utilities
• Others

On the basis of end-use industry, commercial HVAC represents the largest segment.

Breakup by Application:

• Pumps and Fans
• Compressors
• Others

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.

Breakup by Region:

• North and South America
• Europe, Middle East and Africa
• China
• Others

Region-wise, Europe, Middle East and Africa is the leading market, accounting for the largest share globally. Other major markets include North and South America, and China.

COMPETITIVE LANDSCAPE:

The competitive landscape of the market has also been examined with some of the key players being:

• ABB Group
• CG Power & Industrial Solutions Ltd (Murugappa Group)
• HD Hyundai Electric Co., Ltd.
• Hyosung Heavy Industries
• Innomotics (Siemens AG)
• Nidec Conversion
• Regal Rexnord Corporation
• TECO-Westinghouse
• WEG S.A.

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

1. What was the size of the global low voltage electric motor market in 2025?

2. What is the expected growth rate of the global low voltage electric motor market during 2026-2034?

3. What are the key factors driving the global low voltage electric motor market?

4. What has been the impact of COVID-19 on the global low voltage electric motor market?

5. What is the breakup of the global low voltage electric motor market based on the efficiency?

6. What is the breakup of the global low voltage electric motor market based on the end-use industry?

7. What is the breakup of the global low voltage electric motor market based on the application?

8. What are the key regions in the global low voltage electric motor market?

9. Who are the key players/companies in the global low voltage electric motor market?

Table of Contents

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 Impact of COVID-19
• 6.4 Market Breakup by Region
• 6.5 Market Breakup by Power Ratings
• 6.6 Market Breakup by Efficiency
• 6.7 Market Breakup by End-Use Industry
• 6.8 Market Breakup by Application
• 6.9 Market Forecast
• 6.10 Key Market Drivers and Success Factors

7 Global Low Voltage Electric Motor Market: Performance of Key Regions

• 7.1 North and South America
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Europe, Middle East and Africa
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 China
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Others
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Global Low Voltage Electric Motor Market: Breakup by Efficiency

• 8.1 Standard Efficiency
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 High Efficiency
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Premium Efficiency
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Super Premium Efficiency
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Global Low Voltage Electric Motor Market: Breakup by End-Use Industry

• 9.1 Commercial HVAC Industry
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Food, Beverage and Tobacco Industry
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Mining Industry
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Utilities
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Others
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast

10 Global Low Voltage Electric Motor Market: Breakup by Application

• 10.1 Pumps and Fans
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 Compressors
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 Other Applications
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast

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 Overview
• 12.2 Strengths
• 12.3 Weaknesses
• 12.4 Opportunities
• 12.5 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 Group
• 19.2 CG Power & Industrial Solutions Ltd (Murugappa Group)
• 19.3 HD Hyundai Electric Co., Ltd.
• 19.4 Hyosung Heavy Industries
• 19.5 Innomotics (Siemens AG)
• 19.6 Nidec Conversion
• 19.7 Regal Rexnord Corporation
• 19.8 TECO-Westinghouse
• 19.9 WEG S.A.