Global Low Voltage Electric Motor Market (2020-2026)
Market Forecast By Voltage Types (100 Volts – 300 Volts, 300.1 Volts – 600 Volts, 600.1 Volts – 1000 Volts), By Products (Fans, Compressors, Pumps, Conveyors And Others), By Applications (Residential, Commercial, Industrial, Automotive, Power Utility, Water Treatment, And Others), By Regions (Europe, Middle East, And Africa, Asia Pacific, North America, South America) And Competitive Landscape
According to 6Wresearch, Global Low Voltage Electric Motor Market revenue size is projected to grow at a CAGR of 6.4% during 2020-2026. Among all the applications, the automotive segment is anticipated to grow at a faster rate due to the growing acceptance of electric vehicles which is catalyzing the growth of low voltage electric motors market size globally. EV30@30 campaign was also launched across 13 countries with the goal of accelerating the deployment of electric vehicles with a target of at least 30 percent new electric vehicle sales by 2030. Hence, an upsurge in demand for automotive electric motors is expected over the coming years owing to rising fuel prices and stringent regulations towards reducing the air pollution levels across various countries.
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Key Highlights of the Reports:
Global Low Voltage Electric Motor Market Overview
Global Low Voltage Electric Motor Market Outlook
Global Low Voltage Electric Motor Market Forecast
Market Drivers and Restraints
Global Low Voltage Electric Motor Market Industry Life Cycle
Porter’s Five Force Analysis and Market Opportunity Assessment
Global Low Voltage Electric Motor Market Share, By players
Global Low Voltage Electric Motor Market Trends
Global Low Voltage Electric Motor Market Overview by Competitive Benchmarking
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