Ultra-low Voltage Motors Market Worth $6.5 Billion by 2027

Summary

Aug. 30, 2023 - London - New research by market intelligence firm Interact Analysis shows that the ultra-low voltage motors market is experiencing a period of growth. By 2027 the market will be worth almost $6.5bn driven by demand from battery driven applications and a need for greater flexibility in manufacturing and logistics processes. The increased use of mobile robots is having a huge impact on the market for ultra-low voltage motors and, as a result of this, the supplier landscape will change significantly.
 
One of the major trends that Interact Analysis has seen across the manufacturing industry is the need for greater machine flexibility due to the increased number of product variations that automated machines need to handle. As a result of this, the number of small actuation points requiring an ultra-low voltage motor is greater. By 2027, the market for ultra-low voltage motors will be worth almost $6.5bn, growing at a CAGR of 12.6% between 2022 and 2027. Another trend that has been observed is the increasing demand for mobile and industrial robots which is driving up revenues for the ultra-low voltage market due to their rapid proliferation across manufacturing and logistics.
 
Due to the impact that demand for mobile robots is having on the ultra-low voltage motors market, the supplier landscape is set to alter dramatically. Three main players, Maxon, Ametek and MinebeaMitsumi currently dominate the market, but the landscape is highly fragmented. This means that the development of this landscape depends on what solutions suppliers decide to develop within many sectors of the market, particularly mobile robots. There is also an increasing trend towards integrated motors and drives, particularly within the mobile robotics segment which presents opportunities for different vendors to emerge and gain market share.

About the report

This report provides an understanding of market trends driving and restricting growth of motors with an input voltage of less than sixty volts as well as market forecasts produced for key sectors and countries. In addition to this analysis, we conduct a market share analysis of any vendor in the market with a greater than 1% share. The report is built using extensive primary research supplemented with insights from our Motion Controls study and MIO (Manufacturing Industry Output) tracker – which is well respected for its credible industry forecasts by country.

About Interact Analysis 

With over 200 years of combined experience, Interact Analysis is the market intelligence authority for global supply chain automation. Our research covers the entire automation value chain–from the technology used to automate factory production, through inventory storage and distribution channels, to the transportation of the finished goods. The world’s leading companies trust us to surface robust insights and opportunities for technology-driven growth.