Ultra-low voltage motors market expected to have double-digit growth
The ultra-low voltage motors market is expected to be worth $6.5 billion by 2027 and growing more than 12% during that period as demand, particularly for robot applications, increases.
Ultra-low voltage motor insights
- The ultra-low voltage motors market is currently in its growth phase according to Interact Analysis research and is expected to reach $6.5 billion by 2027 with a compound annual growth rate (CAGR) of 12.6%.
- 移动机器人对超低vo驾驶需求ltage motors and will account for 15.6% of shipments by 2027
- Maxon, Ametek and Minebea Mitsumi are currently the top three players in the ultra-low voltage motors market.
Interact Analysis research shows the ultra-low voltage motors market is experiencing strong growth. By 2027, the market will be worth almost $6.5 billion. This is being 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.
The market for ultra-low voltage motors will be worth almost $6.5 billion by 2027, growing at a compound annual growth rate (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. Manufacturers Maxon, Ametek and MinebeaMitsumi currently dominate the market, but the landscape is highly fragmented. This means 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.
The market for ultra-low voltage motors will be worth almost $6.5 billion by 2027, growing at a compound annual growth rate (CAGR) of 12.6% between 2022 and 2027. Courtesy: Interact Analysis
Blake Griffin, research manager at Interact Analysis, said, “Taking a look at the market by product type, we see that the growth opportunity for integrated motors is staggering. We estimate the growth of revenues for this product to carry a CAGR of 45% between 2022 and 2027. This is due to the impact that space-constrained mobile robots are having on the market for ultra-low voltage motors. A sector which by far exceeds the rest of the market in terms of growth. By 2027, integrated motors will account for 14% of the motors used in mobile robots. Whilst the mobile robotics segment only accounts for 3% of motor shipments today, by the end of 2027 the sector will account for 15.6% total market shipments.”
– Edited from an Interact Analysis press release by CFE Media.Interact Analysisis a CFE Media and Technology content partner.
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