China Low Voltage Electric Motor Market (2019-2025)
Market Forecast By Type (AC (Upto 60V, 60.1V - 200V and 200.1V - 1000V), DC (Upto 60V, 60.1V - 200V and 200.1V - 1000V)), By Products (Fans, Compressors, Pumps, Conveyors and Others including Centrifuges, Extruders and Winches), By Applications (Residential, Commercial, Industrial, Automotive, Power Utility and Water Treatment and Others including Defense, Agriculture, Transportation and Infrastructure) and Competitive Landscape.
According to 6Wresearch, China low Voltage electric motor market size is projected to grow at a CAGR of 2.6% during 2019-25. The Commercial application of the low voltage electric motor is the key revenue generating segment in the overall low voltage electric motor market in China, owing to efforts to upgrade or revamp existing projects along with the development of new business establishment with the help of advanced technologies and related automation...