Low Voltage Tension Motor Market Size, Share, and Analysis, By Product Type (IE1, IE2, IE3, and IE4), By Installation (Overhead and Underground), By Application (Automotive, Manufacturing, Mining, Electronics, Textile, Food Beverage, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Low Voltage Tension Motor Market Size, Share, and Analysis, By Product Type (IE1, IE2, IE3, and IE4), By Installation (Overhead and Underground), By Application (Automotive, Manufacturing, Mining, Electronics, Textile, Food Beverage, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Low Voltage Tension Motor Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 41.7 billion and is projected t%li%reach USD 86.9 billion by the completion of 2034.
Low voltage tension motor is an electric motor designed for applications requiring precise control of tension or force t%li%adjust the tightness or slackness of belts, chains, or materials within a system. These motors operate at low voltage levels t%li%manage tension in systems where power or safety constraints exist. Furthermore, low voltage tension motors play a critical role in industrial settings, providing consistent tension (force) for optimal performance across various applications such as conveyor systems, printing presses, and textile machinery. Additionally, the structure of these motors allows minor modifications t%li%enhance operational reliability and efficiency. Therefore, these motors serve as an essential component in industrial settings, delivering precise performance, safety enhancements, and easy integration t%li%meet the unique demands of each application.
MARKET HIGHLIGHTS
Low Voltage Tension Motor Market is projected t%li%achieve USD 86.9 billion during the forecast period, due t%li%the growing need for sustainable motors and increasing adoption of industrial automation in various sectors including manufacturing and material handling. Emerging economies that are undergoing industrialization are contributing t%li%market expansion as there is a rising focus on energy efficiency in these nations, where low voltage motors play an important role for their ability t%li%save energy. Furthermore, technical advancements aimed at improving production and placing more importance on safety and regulation contribute t%li%market growth. Consequently, key industry players are prioritizing innovation and collaborations in this competitive environment t%li%expand their product offerings and obtain higher percentages of the market share, which indicates a constantly evolving marketplace for low voltage tension motors.
Low Voltage Tension Motor Market Segments:
Growth Drivers
Growing Use of Industrial Automation Will Drive Market Growth for Low Voltage Tension Motors
Greater Emphasis on Energy Efficiency Will Provide Opportunities for Growth
Restraint
High Cost of Implementation and Retrofitting May Stifle Market Growth
Key Players
PRODUCT OVERVIEW
Low Voltage Tension Motor Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 41.7 billion and is projected t%li%reach USD 86.9 billion by the completion of 2034.
Low voltage tension motor is an electric motor designed for applications requiring precise control of tension or force t%li%adjust the tightness or slackness of belts, chains, or materials within a system. These motors operate at low voltage levels t%li%manage tension in systems where power or safety constraints exist. Furthermore, low voltage tension motors play a critical role in industrial settings, providing consistent tension (force) for optimal performance across various applications such as conveyor systems, printing presses, and textile machinery. Additionally, the structure of these motors allows minor modifications t%li%enhance operational reliability and efficiency. Therefore, these motors serve as an essential component in industrial settings, delivering precise performance, safety enhancements, and easy integration t%li%meet the unique demands of each application.
MARKET HIGHLIGHTS
Low Voltage Tension Motor Market is projected t%li%achieve USD 86.9 billion during the forecast period, due t%li%the growing need for sustainable motors and increasing adoption of industrial automation in various sectors including manufacturing and material handling. Emerging economies that are undergoing industrialization are contributing t%li%market expansion as there is a rising focus on energy efficiency in these nations, where low voltage motors play an important role for their ability t%li%save energy. Furthermore, technical advancements aimed at improving production and placing more importance on safety and regulation contribute t%li%market growth. Consequently, key industry players are prioritizing innovation and collaborations in this competitive environment t%li%expand their product offerings and obtain higher percentages of the market share, which indicates a constantly evolving marketplace for low voltage tension motors.
Low Voltage Tension Motor Market Segments:
- By Product Type
- IE1
- IE2
- IE3
- IE4
- By Installation
- Overhead
- Underground
- By Application
- Automotive
- Manufacturing
- Mining
- Electronics
- Textile
- Food Beverage
- Others
Growth Drivers
Growing Use of Industrial Automation Will Drive Market Growth for Low Voltage Tension Motors
Greater Emphasis on Energy Efficiency Will Provide Opportunities for Growth
Restraint
High Cost of Implementation and Retrofitting May Stifle Market Growth
Key Players
- ABB Ltd.
- Siemens AG
- WEG Industries
- Nidec Corporation
- Regal Beloit Corporation
- Brook Crompton UK Ltd.
- Emerson Electric Co.
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Johnson Electric Holdings Limited
- Franklin Electric Co., Inc.
- TECO Electric & Machinery Co., Ltd.
- Marathon Electric
- Leroy-Somer Electric Motors
- Danfoss Group
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Low Voltage Tension Motor Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Low Voltage Tension Motor Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.LOW VOLTAGE TENSION MOTOR MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.LOW VOLTAGE TENSION MOTOR MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Product Type
11.3.1.1. IE1
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.IE2
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.IE3
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.4.IE4
11.3.1.4.1. By Value (USD Million) 2024-2034F
11.3.1.4.2.Market Share (%) 2024-2034F
11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Installation
11.3.2.1.Overhead
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Underground
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Application
11.3.3.1.Automotive
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Manufacturing
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Electronics
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Mining
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Food & Beverages
11.3.3.5.1.By Value (USD Million) 2024-2034F
11.3.3.5.2. Market Share (%) 2024-2034F
11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.6. Textile
11.3.3.6.1.By Value (USD Million) 2024-2034F
11.3.3.6.2. Market Share (%) 2024-2034F
11.3.3.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.7. Others
11.3.3.7.1.By Value (USD Million) 2024-2034F
11.3.3.7.2. Market Share (%) 2024-2034F
11.3.3.7.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product Type
12.3.2. By Installation
12.3.3. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product Type
13.3.2. By Installation
13.3.3. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Product Type
14.3.2. By Installation
14.3.3. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product Type
15.3.2. By Installation
15.3.3. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product Type
16.3.2. By Installation
16.3.3. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. ABB Limited
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Siemens AG
18.3. WEG Industries
18.4. Nidec Corporation
18.5. Regal Beloit Corporation
18.6. Toshiba Corporation
18.7. Mitsubishi Electric Corporation
18.8. Johnson Electric Holdings Limited
18.9. Franklin Electric Co., Inc.
18.10.Brook Crompton UK Ltd.
18.11.Marathon Electric
18.12. Leroy-Somer Electric Motors
18.13. Emerson Electric Co.
18.14.TECO Electric & Machinery Co., Ltd.
18.15. Danfoss Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. Low Voltage Tension Motor Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Low Voltage Tension Motor Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.LOW VOLTAGE TENSION MOTOR MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.LOW VOLTAGE TENSION MOTOR MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Product Type
11.3.1.1. IE1
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.IE2
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.IE3
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.4.IE4
11.3.1.4.1. By Value (USD Million) 2024-2034F
11.3.1.4.2.Market Share (%) 2024-2034F
11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Installation
11.3.2.1.Overhead
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Underground
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Application
11.3.3.1.Automotive
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Manufacturing
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Electronics
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Mining
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Food & Beverages
11.3.3.5.1.By Value (USD Million) 2024-2034F
11.3.3.5.2. Market Share (%) 2024-2034F
11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.6. Textile
11.3.3.6.1.By Value (USD Million) 2024-2034F
11.3.3.6.2. Market Share (%) 2024-2034F
11.3.3.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.7. Others
11.3.3.7.1.By Value (USD Million) 2024-2034F
11.3.3.7.2. Market Share (%) 2024-2034F
11.3.3.7.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product Type
12.3.2. By Installation
12.3.3. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product Type
13.3.2. By Installation
13.3.3. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Product Type
14.3.2. By Installation
14.3.3. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product Type
15.3.2. By Installation
15.3.3. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA LOW VOLTAGE TENSION MOTOR MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product Type
16.3.2. By Installation
16.3.3. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. ABB Limited
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Siemens AG
18.3. WEG Industries
18.4. Nidec Corporation
18.5. Regal Beloit Corporation
18.6. Toshiba Corporation
18.7. Mitsubishi Electric Corporation
18.8. Johnson Electric Holdings Limited
18.9. Franklin Electric Co., Inc.
18.10.Brook Crompton UK Ltd.
18.11.Marathon Electric
18.12. Leroy-Somer Electric Motors
18.13. Emerson Electric Co.
18.14.TECO Electric & Machinery Co., Ltd.
18.15. Danfoss Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
