Low Voltage Electric Motor Market

Low Voltage Electric Motor Market Size:

The global low voltage electric motor market size reached USD 15.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.9% during 2025-2033.

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, Siemens, WEG, TECO E&M, 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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global low voltage electric motor market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on efficiency, end-use industry and application.

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, 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.

Report Coverage: