The Infinium Global Research analyzes the High Efficiency Low Voltage Aluminum Motors Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global high efficiency low voltage aluminum motors market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of high efficiency low voltage aluminum motors. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the high efficiency low voltage aluminum motors market during the period. The global high efficiency low voltage aluminum motors market is projected to grow at a CAGR of 5.4% over the forecast period of 2019-2025.
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High efficiency low voltage aluminum motors have applications in various industries such as food and beverage, oil and gas, marine, mining and metals, and others. Awareness about efficiency standards propel market growth. Companies operating in the global high efficiency low voltage aluminum motors market are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share.
Rising Number of Applications in the Food and Beverage Industry Drives the Growth of High Efficiency Low Voltage Aluminum Motors Market
The rising number of applications in the food and beverage industry drives the growth of high efficiency low voltage aluminum motors market. The surge in the adoption of high efficiency low voltage aluminum motors across various industries owing to their durability and reliability stimulates the growth of high efficiency low voltage aluminum motors market. The growing demand for energy-saving motors that enhances the overall efficiency and reduces cost contributes to the growth of high efficiency low voltage aluminum motors market.
In addition, high efficiency low voltage aluminum motors are used in mixers, grinders, and conveyers promoting market growth. On the flip side, lack of information and technical capacity for evaluating the savings from energy-efficient motors hampers the growth of high efficiency low voltage aluminum motors market. Moreover, research and development with novel applications in various industries create numerous opportunities for the growth of high efficiency low voltage aluminum motors market.
Europe is Expected to Hold a Premium Share in the Global High Efficiency Low Voltage Aluminum Motors Market
Based on geography, the global high efficiency low voltage aluminum motors market is classified into North America, Asia-pacific, Europe, and the Rest of the World. Europe is expected to hold a premium share in the global high efficiency low voltage aluminum motors market. The rising number of applications of these motors across different industries in Europe stimulates the growth of high efficiency low voltage aluminum motors market in Europe. Asia-pacific region is anticipated to grow at a healthy CAGR over the forecast period. The growing automotive industry in Asia-pacific contributes to the growth of high efficiency low voltage aluminum motors market in Asia-pacific. North America is showing growth in the global high efficiency low voltage aluminum motors market.
Segment Covered
The report on global high efficiency low voltage aluminum motors market covers segments such as type, power, and end-use industry. On the basis of type, the sub-markets include permanent magnet motor, induction motor, and synchronous motor. On the basis of power, the sub-markets include 0 KW to 0.75 KW, 0.75 KW to 7.5 KW, 7.5 KW to 15.5 KW, and above 29.5 KW. On the basis of end-use industry, the sub-markets include mining & metals, marine, food and beverage, paper and food processing, chemicals and fertilizers, and other end-use industries.
Companies Profiled:
The report provides profiles of the companies in the market such as Regal Beloit Corporation, Nidec Motor Corporation, General Electric Company, Danfoss A/S, Siemens AG, Toshiba Corporation, ABB Ltd., TECO Electric & Machinery Co., Ltd., WEG Industries, and other companies.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the high efficiency low voltage aluminum motors.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.