Low Voltage Motor Market Report 2026

The low voltage motor market size has grown strongly in recent years. It will grow from $43.28 billion in 2025 to $47.39 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to industrial electrification, growth of manufacturing plants, adoption of electric drives, demand for compact motors, regulatory efficiency standards.

The low voltage motor market size is expected to see strong growth in the next few years. It will grow to $65.88 billion in 2030 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to stricter energy efficiency regulations, electrification of industrial equipment, growth of electric mobility, demand for smart motors, automation investments. Major trends in the forecast period include shift toward high-efficiency motors, adoption of IE3 and IE4 motors, growing use in industrial automation, expansion of motor retrofit projects, demand from electric vehicles.

The rising adoption of industrial robots is expected to drive the growth of the low-voltage motor market during the forecast period. Industrial robots - programmable machines used in manufacturing and industrial environments - perform tasks requiring precision, speed, and consistency. Their adoption is fueled by the need for higher efficiency, improved product quality, enhanced safety, cost reduction, flexibility, and technological advancements. Low-voltage motors play a critical role in robotics by enabling precise, agile, and energy-efficient operations, making them integral to modern robotic systems across diverse industries. For instance, in September 2024, the International Federation of Robotics, a Germany-based non-profit organization, reported that 4,281,585 industrial robots were in operation worldwide, marking a 10% increase. Annual installations exceeded half a million units for the third consecutive year, with 70% deployed in Asia, 17% in Europe, and 10% in the Americas. Therefore, growing automation across industries is boosting demand for low-voltage motors.

Key players in the low-voltage motor market are focused on developing advanced electric motors to meet evolving industrial requirements. Electric motors convert electrical energy into mechanical energy, providing reliable power for diverse applications. For example, in September 2025, ABB India, an India-based provider of electrification, automation, and motion products, launched ultra-premium efficiency low-voltage electric motors under its IE5 series. These motors, rated from 45 kW to 1000 kW, are manufactured without rare-earth materials and offer up to 40% lower energy losses compared to previous-generation motors. This launch strengthens ABB’s presence in the low-voltage motor segment by providing high-performance, energy-efficient solutions tailored to demanding industrial applications.

In May 2023, ABB Ltd., a Switzerland-based manufacturer of automation machinery, acquired Siemens's low-voltage NEMA motor business for $63 million. This strategic acquisition is aimed at strengthening ABB's position as a leading player in the industrial NEMA motor market. By aligning with its motion business area's growth strategy, ABB aims to better serve global customers and enhance its competitive edge in the industry. Siemens, a Germany-based manufacturer, is known for its expertise in low-voltage motors.

Major companies operating in the low voltage motor market are ABB Group, Siemens AG, WEG S.A., Nidec Corporation, Mitsubishi Electric Corporation, Hitachi Ltd., TECO Electric And Machinery Co. Ltd., Wolong Electric Group, Regal Rexnord Corporation, Toshiba International Corporation, Brook Crompton UK Ltd., VEM Group, Bonfiglioli S.p.A., Hoyer Motors, VYBO Electric, Ruselprom Group, CG Power And Industrial Solutions Ltd., Kirloskar Electric Company Ltd., Lafert Group, ATB Group, Hyundai Electric And Energy Systems Co. Ltd., SEW-EURODRIVE GmbH And Co. KG, Bauer Gear Motor GmbH, TMEIC Corporation, EMERSON Electric Co.

Asia-Pacific was the largest region in the low voltage motor market in 2025. The regions covered in the low voltage motor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the low voltage motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The low voltage motor market consists of sales of induction motors, synchronous motors, dc motors, and servo motors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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