Market Overview:
The global low voltage motor frame casting market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for low voltage motors in various applications, such as OEM and outsourcing. In terms of type, the frame 80-200 mm segment is expected to dominate the global low voltage motor frame casting market during the forecast period, followed by the frame 200-355 mm segment. Regionally, North America is expected to lead the global low voltage motor frame casting market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A low voltage motor frame casting is a metal casting that is used to create the frame of a low voltage electric motor. This type of casting is important because it provides a sturdy frame for the electric motor, which helps to ensure its reliability and longevity.
Frame 80-200 mm:
The global low voltage motor frame casting market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of increasing demand for electric vehicles (EV). The industry is majorly driven by growing automotive sector, wherein low power motors are widely used in applications such as steering systems, windshield wipers, and fans among others.
Frame 200-355 mm:
The global low voltage motor frame casting market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The OEM application segment led the global low voltage motor frame casting market in 2017. The segment is expected to expand at a CAGR of XX% over the forecast period owing to an increase in product demand from major players such as Siemens, ABB, Alstom, and Mitsubishi Electric Corporation among others.
Outsourcing companies are also involved in providing services for designing and manufacturing low-voltage motors according to customer¢â‚¬â„¢s specifications which include technical data required for manufacturing the product including size of iron core, number of windings per phase etc. Outsourcing companies provide these services on a turnkey basis including design draft preparation followed by machine tool purchase & installation, material requirement estimation & procurement followed by production run preparation and finally delivery of final products to customers worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electric vehicles in China and India. The growing adoption of LGVs in industrial applications, such as pumps & valves, fans & blenders, compressors and refrigeration equipment is also expected to drive the Asia Pacific market over the forecast period.
The Middle East & Africa (MEA) region accounted for a significant share in 2017 owing to high government investments in infrastructure development projects across several countries including Saudi Arabia and UAE. MEA LGV frame casting vendors are focusing on expanding their production capacities by collaborating with foreign investors or joint venture partners based outside of the region. This strategy has proven beneficial especially when it comes time for capacity expansion during peak seasonality or emergency situations where there's an urgent need for new product deliveries from within your current supply chain network (sources).
Growth Factors:
- Increasing demand for electric vehicles
- Growing construction and infrastructure activities
- Rising industrialization in developing countries
- Proliferation of automation in manufacturing sector
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Motor Frame Casting Market Research Report
By Type
Frame 80-200 mm, Frame 200-355 mm
By Application
OEM, Outsourcing
By Companies
Pingyao Huaxing, Pingyao Shengda, Shandong Yuantong, Tengsheng Casting, Yizheng Longtai, Pingyao Yaoxiang, Shanxi Huiyu, Nanjing Nuoruite, Kunshan Nanyang, Shanghai Longday, Chenyang Casting, Xin Guang Foundry, Suzhou Haiweite, Huali, WEG, ABB, Wolong, Siemens, TECO, Nanyang Motor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Motor Frame Casting Market Report Segments:
The global Low Voltage Motor Frame Casting market is segmented on the basis of:
Types
Frame 80-200 mm, Frame 200-355 mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Outsourcing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pingyao Huaxing
- Pingyao Shengda
- Shandong Yuantong
- Tengsheng Casting
- Yizheng Longtai
- Pingyao Yaoxiang
- Shanxi Huiyu
- Nanjing Nuoruite
- Kunshan Nanyang
- Shanghai Longday
- Chenyang Casting
- Xin Guang Foundry
- Suzhou Haiweite
- Huali
- WEG
- ABB
- Wolong
- Siemens
- TECO
- Nanyang Motor
Highlights of The Low Voltage Motor Frame Casting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Frame 80-200 mm
- Frame 200-355 mm
- By Application:
- OEM
- Outsourcing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Voltage Motor Frame Casting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low voltage motor frame casting is a manufacturing process that uses low-cost, lightweight materials to create electric motors. These motors are often used in small devices, such as toys and remote controls, because they are not as powerful as traditional electric motors.
Some of the major companies in the low voltage motor frame casting market are Pingyao Huaxing, Pingyao Shengda, Shandong Yuantong, Tengsheng Casting, Yizheng Longtai, Pingyao Yaoxiang, Shanxi Huiyu, Nanjing Nuoruite, Kunshan Nanyang, Shanghai Longday, Chenyang Casting, Xin Guang Foundry, Suzhou Haiweite, Huali, WEG, ABB, Wolong, Siemens, TECO, Nanyang Motor.
The low voltage motor frame casting market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Low Voltage Motor Frame Casting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Low Voltage Motor Frame Casting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Low Voltage Motor Frame Casting Market - Supply Chain
4.5. Global Low Voltage Motor Frame Casting Market Forecast
4.5.1. Low Voltage Motor Frame Casting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Low Voltage Motor Frame Casting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Low Voltage Motor Frame Casting Market Absolute $ Opportunity
5. Global Low Voltage Motor Frame Casting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Low Voltage Motor Frame Casting Market Size and Volume Forecast by Type
5.3.1. Frame 80-200 mm
5.3.2. Frame 200-355 mm
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Low Voltage Motor Frame Casting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Low Voltage Motor Frame Casting Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. Outsourcing
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Low Voltage Motor Frame Casting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Low Voltage Motor Frame Casting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Low Voltage Motor Frame Casting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Low Voltage Motor Frame Casting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Low Voltage Motor Frame Casting Demand Share Forecast, 2019-2026
9. North America Low Voltage Motor Frame Casting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Low Voltage Motor Frame Casting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Low Voltage Motor Frame Casting Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. Outsourcing
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Low Voltage Motor Frame Casting Market Size and Volume Forecast by Type
9.7.1. Frame 80-200 mm
9.7.2. Frame 200-355 mm
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Low Voltage Motor Frame Casting Demand Share Forecast, 2019-2026
10. Latin America Low Voltage Motor Frame Casting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Low Voltage Motor Frame Casting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Low Voltage Motor Frame Casting Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. Outsourcing
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Low Voltage Motor Frame Casting Market Size and Volume Forecast by Type
10.7.1. Frame 80-200 mm
10.7.2. Frame 200-355 mm
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Low Voltage Motor Frame Casting Demand Share Forecast, 2019-2026
11. Europe Low Voltage Motor Frame Casting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Low Voltage Motor Frame Casting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Low Voltage Motor Frame Casting Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. Outsourcing
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Low Voltage Motor Frame Casting Market Size and Volume Forecast by Type
11.7.1. Frame 80-200 mm
11.7.2. Frame 200-355 mm
11.8. Basis Point Share (BPS) Analysis by Type
11.9.Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Low Voltage Motor Frame Casting Demand Share, 2019-2026
12. Asia Pacific Low Voltage Motor Frame Casting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Low Voltage Motor Frame Casting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Low Voltage Motor Frame Casting Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. Outsourcing
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Low Voltage Motor Frame Casting Market Size and Volume Forecast by Type
12.7.1. Frame 80-200 mm
12.7.2. Frame 200-355 mm
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Low Voltage Motor Frame Casting Demand Share, 2019-2026
13. Middle East & Africa Low Voltage Motor Frame Casting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Low Voltage Motor Frame Casting Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Low Voltage Motor Frame Casting Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. Outsourcing
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Low Voltage Motor Frame Casting Market Size and Volume Forecast by Type
13.7.1. Frame 80-200 mm
13.7.2. Frame 200-355 mm
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Low Voltage Motor Frame Casting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Low Voltage Motor Frame Casting Market: Market Share Analysis
14.2. Low Voltage Motor Frame Casting Distributors and Customers
14.3. Low Voltage Motor Frame Casting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pingyao Huaxing
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pingyao Shengda
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shandong Yuantong
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tengsheng Casting
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yizheng Longtai
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pingyao Yaoxiang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shanxi Huiyu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nanjing Nuoruite
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kunshan Nanyang
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanghai Longday
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chenyang Casting
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xin Guang Foundry
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Suzhou Haiweite
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Huali
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. WEG
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. ABB
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Wolong
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Siemens
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. TECO
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Nanyang Motor
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
