Induction Motor Segment leads with One-Third of Global High Efficiency Low
Posted by deevika on November 26th, 2019
High efficiency low voltage aluminum motors are extensively used across various industries including oil & gas, water & water waste treatment, and food & beverages industries. These motors have gained significance as they impart high efficiency in the industries that are focused to reduce emission and adhere to efficiency standards. An intelligence report titled, “High Efficiency Low Voltage Aluminum Motors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
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Increased demand of electronic product and growth in food & beverages industry are the major drivers of global high efficiency low voltage aluminum motors. Technological innovations also boost the global market. In food and beverages industry high efficiency low voltage aluminum motors are used in multiple products including grinders, conveyers and mixers.
Global high efficiency low voltage aluminum motors market is expected to reach an amount of ?US.8Bn by the end of forecast period 2019-2027. The market is anticipated to grow at ?5% CAGR during the forecast period. The global market is expected to have a volume of ?14000 thousand units by 2027 end.
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Europe owns largest market share
Induction motor segment owns one -third of global market owing to its extensive application and cost-effectiveness. Also, this segment is forecasted to maintain its dominance in the market during the forecast period as induction motors are increasingly used in in low voltage electronic goods which keeps increasing its demand.
Europe was assessed to be the largest shareholder in 2018. Asia Pacific owns the second-largest share of global high efficiency low voltage aluminum motors market on the backdrop of induction motors and synchronous motor’s dominance in the region. Increased demand of these motors in automotive industry is also a primary reason that is responsible for growth of Asia Pacific market.
Major stake holders profiled in global high efficiency low voltage aluminum motors market include ABB Ltd., Siemens AG, Toshiba Corporation, Hitachi, Ltd., Nidec Motor Corporation and Regal Beloit Corporation.
Global high efficiency low voltage aluminum motors market: Report Synopsis
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Global high efficiency low voltage aluminum motors market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global high efficiency low voltage aluminum motors market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.Also See: Voltage Aluminum, Motors Market, Low Voltage, High Efficiency, Voltage, Report, Motors
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