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Low Voltage Tension Motor Market Size, Share & Industry Analysis, By Type (IE1, IE2, IE3, IE4), By Application (Automotive, Mining, Electronics, Textile, Food & Beverage, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104931 | Status : Ongoing

 

KEY MARKET INSIGHTS

Low voltage tension motors consist of motors that require low voltage and low power for their operation. A low voltage tension motor protects thermal overload and helps counter the load variability issues, thereby reducing equipment failure chances. Low voltage tension motors are widely used in various applications such as electronics, robotics, and industrial automation to automate machinery and equipment. The global low tension motors market is primarily driven by the increase in popularity of industrial automation. Furthermore, the rise in remodeling and restructuring of the homes is also expected to fuel the low voltage tension motors market in the coming years.


Based on type, the market is segmented IE1, IE2, IE3, and IE4. This classification is based on the motor's energy efficiency. IE2 low tension motor segment accounts for the market's significant share, owing to its extremely good power to size ratio through a low moment of inertia and high pulse torque.

Based on the application, the market is segmented as automotive, mining, electronics, textile, food & beverage, and others. Low voltage tension motors are widely used in the automotive industry due to their ability to control tasks, measure electric current, ensure stability and energy efficiency, and deliver precision through speed.

Rising industrialization across the globe is one of the macroeconomic factors driving the low voltage tension motors market. Manufacturers of low voltage tension motors focus on incorporating intelligent technology and smart sensors in their products, which may positively impact the growth of the low voltage tension motors market. The use of smart sensors in low voltage tension motors enables end-users to monitor and record accurate measurements of the motor's different parameters, and this trend is foreseen to gain high traction in the global low voltage tension market during the forecast period.

The key market restraint for the market is low voltage motors are susceptible to corrosion and overheating. Also, these motors are not relevant for heavy applications that require an output of 400 kW and upwards.

Up Arrow

Key Market Driver -

Increase in automotive and electronics sector

Down Arrow

Key Market Restraint -

High maintenance requirement increases the high cost indulged.


Key Players Covered:


Some of the major companies in the low voltage tension motor market are ABB Limited, WEG, Siemens AG, Hyundai Electric & Energy Systems Co., Ltd., Electrical Industries Co., Teco Middle East Electric and Machinery Co., Ltd., Ashoor Electronics Motors, Emerson Electric Co., and Nidec Corporation.

Regional Analysis:


The global oil spilling management market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is the fastest-growing region for the global low voltage tension motor due to the growing electronics and automotive industries. In addition, the demand for low voltage tension motors for coal handling systems, blowers, and feed water pumps is surging due to the increasing number of power generation, steel, cement, water and wastewater treatment, and other plants in the region. North America region is expected to oversee tremendous growth globally, majorly due to the growing mining and automotive sector in the region. Latin America, and Middle East & Africa are also expected to grow at a healthy rate due to the presence of major automotive companies like BMW and AUDI.

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Segmentation






















 ATTRIBUTES    

 DETAILS    

 

By Type



  • IE1

  • IE2

  • IE3

  • IE4



 

By Application



  • Automotive

  • Mining

  • Electronics

  • Textile

  • Food & Beverage

  • Others



 

By Geography



  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, ASEAN, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Key Industry Developments



  • On March 26, 2019, Siemens AG and State Power Investment Corporation Limited (SPIC) signed a Strategic Partnership Framework Agreement (SPFA) for power generation technology. Both companies collaborate in high-technology product demonstration in the field of digitalization of power plants or in hydrogen utilization projects and smart energy management for a decentralized energy system.

  • In March 2019, WEG introduced a new line of motors SSW 900, specifically designed for mining and cement industries which require reliable and tough machinery.





  • Ongoing
  • 2023
  • 2019-2022

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