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27 November, 2020

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Aluminium LV motor sales will hit $5.8bn by 2027

22 November, 2019

The global market for high-efficiency low-voltage aluminium motors is expanding by around 5% per year and will reach $5.8bn by 2027, when 14 million of these machines will be sold, according to a new report from Transparency Market Research. It says that Europe was the largest market for these motors in 2018, and predicts that it will hold this position over the forecast period from 2019-2027.

Europe’s dominance of the market is attributed to growing demand for electronic products and for food and beverage applications. According to Transparency, motors with ratings up to 7.5kW account for more than a third of the European market.

The most common aluminium motors, with more than a third of the global market, are induction types. The increasing use of these motors in LV electronic goods is boosting demand.

Asia-Pacific is the second-largest regional market for high-efficiency LV aluminium motors, with induction and synchronous motors account for around 80% of sales in the region. These motors are expected to retain their market share during the forecast period. China is unsurprisingly the largest national market in the region.

According to the report, the food and beverage, and mining, sectors are the biggest users of LV aluminium motors, and the most popular power range is 0.75-7.5kW.
Source: Transparency Market Research

•  In a separate report, Transparency predicts that the global market for soft-starters will expand by an average of 7% per year over the period 2019-2017. The largest markets are North America and Europe, and three-phase soft-starters account for more than three quarters of the global market. The biggest application area is compressors, followed by escalators and lifts.




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