North America Low Voltage Induction Motors Market Size and Share

North America Low Voltage Induction Motors Market Summary
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North America Low Voltage Induction Motors Market Analysis by Mordor Intelligence

The North America Low Voltage Induction Motors Market is expected to register a CAGR of 3.31% during the forecast period.

The North American low-voltage induction motors market is experiencing significant transformation driven by the accelerating adoption of Industry 4.0 technologies and industrial automation. According to ABB Ltd's report, global energy usage is projected to grow by 50% by 2050, with electric motors consuming approximately 70% of industrial energy usage. This heightened focus on energy efficiency has led manufacturers to invest heavily in advanced motor technologies that can optimize power consumption while maintaining high performance. The manufacturing sector, which contributed USD 2.55 trillion to the US GDP in 2022, continues to be a major driver of technological advancement in low-voltage electric motors systems.

A notable shift in supply chain strategies is reshaping the market landscape, with companies increasingly pursuing nearshoring initiatives to Mexico. According to TMH Consulting & Investment Group's analysis, since January 2022, over 150 investment announcements have been made in Mexico, totaling more than USD 20 billion. This trend is particularly evident in the chemical products sector, which contributed USD 472.92 billion to US GDP in 2022, as manufacturers seek to establish regional production capabilities and reduce dependency on distant supply chains. The proximity to major markets and favorable trade agreements under USMCA are accelerating this transformation.

The market is witnessing a strong push toward sustainability and energy-efficient motors solutions, particularly in heating and cooling applications. According to the International Energy Agency (IEA), global heat pump sales increased by 11% in 2022 compared to the previous year, with North America showing significant adoption rates. This trend is driving innovations in motor design and efficiency, as manufacturers focus on developing products that can meet increasingly stringent energy efficiency standards while maintaining optimal performance across various industrial applications.

The industry is experiencing significant changes in raw material dynamics and trade relationships, particularly affecting the supply of critical materials like copper and aluminum. The implementation of trade restrictions and shifting global alliances has prompted manufacturers to diversify their supply sources and invest in alternative materials and technologies. This has led to increased focus on developing industrial electric drives with improved efficiency and reduced material intensity, while also driving investments in local production capabilities to ensure supply chain resilience and meet growing regional demand.

Segment Analysis: By Type

Poly Phase Segment in North America Low Voltage Induction Motors Market

The Poly Phase segment dominates the North America Low Voltage Induction Motors market, commanding approximately 91% market share in 2024. This segment's prominence is attributed to its widespread adoption across various industrial applications, particularly in sectors requiring higher power outputs exceeding 1 HP or 1 kW. Three-phase induction motors, especially three-phase variants, are preferred in industrial settings due to their superior energy efficiency, higher power factor, and smoother operation compared to single-phase alternatives. These motors excel in applications such as machine tools, printing presses, conveyor systems, and various high-grade industrial processes. The segment is also experiencing the fastest growth trajectory, projected to grow at around 3% CAGR from 2024 to 2029, driven by increasing industrial automation, rising energy efficiency requirements, and the growing adoption of premium efficiency motors across manufacturing facilities in North America.

Market Analysis of North America Low Voltage Induction Motors Market: Chart for By Type
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Single Phase Segment in North America Low Voltage Induction Motors Market

The single-phase induction motors segment plays a crucial role in the North American low voltage induction motors landscape, particularly in applications where three-phase power supply is not readily available. These motors are extensively utilized in residential and light commercial applications, including refrigerators, fans, air conditioners, vacuum cleaners, washing machines, centrifugal pumps, small farming appliances, and blowers. The segment's value proposition lies in its simple construction, cost-effectiveness, reliability, and minimal maintenance requirements. Single-phase induction motors are particularly advantageous in scenarios requiring constant speed operation with lower power requirements. Despite their lower power factor and efficiency compared to poly phase motors, they continue to maintain their significance in specific applications due to their compact size, lighter weight, and longer operational life of up to 30,000 hours without major repairs when properly maintained.

Segment Analysis: By End User Industry

Oil & Gas Segment in North America Low Voltage Induction Motors Market

The oil and gas segment maintains its dominant position in the North American low voltage induction motors market, commanding approximately 30% market share in 2024. This significant market presence is driven by the extensive use of low voltage induction motors in various critical applications throughout the oil and gas value chain, including drilling operations, pumping systems, compressors, and refinery processes. The segment's strength is particularly evident in the United States, which continues to be one of the world's largest oil and gas producers, with substantial operations across major regions like Texas, New Mexico, and North Dakota. The increasing adoption of automation and energy-efficient solutions in oil and gas facilities, coupled with the growing focus on reliability and safety in hazardous environments, continues to drive the demand for specialized low voltage induction motors in this sector.

Food & Beverages Segment in North America Low Voltage Induction Motors Market

The food and beverages segment is emerging as the fastest-growing sector in the North American low voltage induction motors market, with a projected growth rate of approximately 4% from 2024 to 2029. This accelerated growth is primarily driven by the increasing automation of food processing facilities, stringent hygiene requirements, and the need for energy-efficient motor solutions in food manufacturing processes. The segment's growth is further supported by the rising demand for processed foods and beverages, and the expansion of food manufacturing facilities across the United States, Canada, and Mexico. Manufacturers are increasingly focusing on developing specialized motors with features such as stainless steel housings, encapsulated windings, and hygienic welds to meet the strict cleanliness requirements of food processing environments.

Remaining Segments in End User Industry

The other segments in the market, including discrete industries, chemicals and petrochemicals, power generation, metal and mining, and water and wastewater, each play crucial roles in driving market growth. The discrete industries segment is particularly significant in automotive and aerospace applications, while the chemicals and petrochemicals sector demands specialized motors for hazardous environments. The power generation segment focuses on high-efficiency motors for various applications including cooling systems and pumps, while metal and mining applications require robust motors capable of operating in harsh conditions. The water and wastewater segment, though smaller, remains essential for critical infrastructure operations, particularly in municipal water treatment facilities and industrial water management systems. Additionally, squirrel cage induction motors are widely used across these sectors due to their durability and efficiency in demanding environments.

North America Low Voltage Induction Motors Market Geography Segment Analysis

North America Low Voltage Induction Motors Market in United States

The United States dominates the North American low voltage induction motors market, commanding approximately 87% of the total market share in 2024. The country's manufacturing sector serves as a primary growth driver, with significant adoption across various industries including oil and gas, chemical processing, and discrete manufacturing. The implementation of Industry 4.0 technologies and the increasing focus on industrial automation have created substantial opportunities for low voltage induction motor manufacturers. The country's robust infrastructure development, supported by initiatives like the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), has further catalyzed market growth. The strong presence of major manufacturers, coupled with advanced distribution networks, has enabled efficient market penetration across different industrial sectors. Additionally, the growing emphasis on energy efficiency and sustainable manufacturing practices has led to increased adoption of premium efficiency motors, particularly in critical applications such as water treatment, power generation, and manufacturing processes.

North America Low Voltage Induction Motors Market in Mexico

Mexico emerges as the most dynamic market in the region, projected to grow at approximately 4% CAGR from 2024 to 2029. The country's manufacturing sector has demonstrated remarkable resilience and growth, contributing significantly to the demand for low voltage induction motors. Mexico's strategic position as a manufacturing hub, particularly in the automotive, aerospace, and electronics industries, has attracted substantial foreign investment and technological advancement. The country's ongoing industrial modernization efforts, coupled with its integration into global supply chains, have created robust demand for efficient motor solutions. The implementation of energy efficiency standards and the growing focus on sustainable manufacturing practices have further accelerated the adoption of advanced motor technologies. Mexico's proximity to the United States and its participation in trade agreements have facilitated technology transfer and market development, while the presence of major manufacturing facilities has strengthened the local supply chain ecosystem.

North America Low Voltage Induction Motors Market in Canada

Canada's low voltage industrial motors market is characterized by its strong focus on energy efficiency and sustainable industrial practices. The country's diverse industrial base, spanning from food and beverage processing to mining and natural resources, drives consistent demand for industrial motors. Canada's position as a global leader in renewable energy production, particularly hydroelectric power, has created specialized applications for low voltage induction motors in power generation facilities. The country's commitment to reducing carbon emissions and achieving net-zero targets by 2050 has accelerated the adoption of energy-efficient motor solutions across various industries. The robust regulatory framework supporting energy efficiency, including the Canadian Energy Efficiency Act, has fostered the development of a sophisticated market for premium efficiency motors. Additionally, the country's significant investments in water and wastewater infrastructure have created sustained demand for motor applications in pump systems and treatment facilities.

North America Low Voltage Induction Motors Market in Other Countries

The remaining North American territories demonstrate varying levels of industrial development and motor adoption patterns. These markets are characterized by their unique industrial requirements and regulatory frameworks, often influenced by their specific economic focuses and development priorities. The adoption of general purpose motors in these regions is primarily driven by essential industries such as water treatment, basic manufacturing, and utility services. While these markets may be smaller in scale, they contribute to the overall regional market dynamics and often present niche opportunities for specialized applications. The growing emphasis on industrial modernization and energy efficiency across these territories suggests potential for market expansion, particularly in areas where infrastructure development is a priority. The influence of larger neighboring markets, particularly the United States and Mexico, often shapes the technological adoption patterns and market development in these regions.

Competitive Landscape

Top Companies in North America Low Voltage Induction Motors Market

The competitive landscape is characterized by major players focusing on continuous product innovation and technological advancement in low voltage induction motors. Companies are investing heavily in research and development to create energy-efficient motors that comply with stringent regulatory standards while meeting diverse industrial requirements. Operational agility has become paramount, with manufacturers establishing flexible production facilities and robust supply chain networks across North America to ensure quick responses to market demands. Strategic moves include expanding distribution networks through partnerships with local distributors and system integrators, while also strengthening direct sales channels to key industrial customers. Market leaders are increasingly focusing on providing comprehensive solutions that combine motors with digital capabilities and automation features, while also expanding their service and maintenance offerings to create additional revenue streams.

Global Giants Dominate Regional Motor Market

The North American low voltage induction motors market exhibits a relatively consolidated structure dominated by global industrial conglomerates with diverse product portfolios. These major players, including companies like Nidec, ABB, and Siemens, leverage their extensive manufacturing capabilities, established brand reputation, and comprehensive distribution networks to maintain their market positions. The presence of local specialists and regional manufacturers adds a competitive dynamic, particularly in serving specific industry niches and customized applications. These smaller players often compete through specialized product offerings, local market knowledge, and superior customer service.

The market has witnessed significant merger and acquisition activity as larger companies seek to expand their technological capabilities and geographic presence. Notable transactions include ABB's acquisition of Siemens' low voltage NEMA motor business, demonstrating the ongoing consolidation trend. Companies are also pursuing strategic partnerships and joint ventures to enhance their product offerings and expand their market reach. This consolidation trend is expected to continue as companies seek economies of scale and broader market coverage while addressing the increasing demand for energy-efficient and technologically advanced low voltage electric motors.

Innovation and Efficiency Drive Future Success

For incumbent players to maintain and expand their market share, a multi-faceted approach combining technological innovation, operational excellence, and customer-centric solutions is essential. Companies must invest in developing next-generation motors that offer superior energy efficiency, enhanced reliability, and advanced connectivity features. Building strong relationships with key industrial customers through customized solutions, technical support, and after-sales service will be crucial. Additionally, establishing efficient manufacturing processes and optimizing supply chain operations will help maintain competitive pricing while ensuring product quality and timely delivery.

Emerging players and contenders can gain ground by focusing on specific market segments or geographic regions where they can build competitive advantages. This includes developing specialized products for specific industries, offering innovative solutions for emerging applications, and providing superior local support and service. The relatively high concentration of end-users in sectors such as manufacturing, oil and gas, and water treatment presents both opportunities and challenges. While substitution risk from alternative technologies exists, the established nature of low voltage induction motors and their proven reliability in industrial applications provide market stability. Future regulatory changes, particularly regarding energy efficiency standards, will continue to shape product development and market dynamics, requiring companies to maintain flexible and adaptable business strategies. Additionally, the integration of industrial drive systems and low voltage motor control solutions will be pivotal in meeting the evolving demands of industrial sectors.

North America Low Voltage Induction Motors Industry Leaders

  1. Nidec Corporation

  2. ABB Ltd

  3. Siemens AG

  4. Toshiba Industrial Corporation (Toshiba Corporation)

  5. Shanghai Electrical Machinery Group Co. Ltd (Shanghai Electric)

  6. *Disclaimer: Major Players sorted in no particular order
North America Low Voltage Induction Motors Market Concentration
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Recent Industry Developments

  • June 2023: The Minister of International Development and the Minister responsible for the Pacific Economic Development Agency of Canada and B.C. Minister of Municipal Affairs announced a joint investment of more than USD 48.6 million to support multiple wastewater projects in British Columbia. Such investments in the wastewater industry also help to aid the market's growth.
  • February 2023: American Colloid Company announced plans to broaden its current mining activities by 303.7 acres, including 173.7 acres of BLM-managed public land. Over the course of the project, the proposed extension would supply an estimated 435,000 tons of bentonite from public lands. A planned bentonite mining expansion project in Big Horn County, two miles north of Lovell, has been examined by the Bureau of Land Management.

Table of Contents for North America Low Voltage Induction Motors Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Impact of Macro Trends on the Market
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Major Manufacturers and Factory Automation
    • 4.3.1 List of Key Motor Manufacturers in United States and Canada
    • 4.3.2 List of Key Motor Manufacturers in Mexico
    • 4.3.3 Key Vendors Exporting and Importing Electric Motors to Americas
    • 4.3.4 Export and Import Trends of Electric Motors in the Americas
  • 4.4 Industry Supply Chain Analysis
    • 4.4.1 Consolidated Analysis of the Local Supply Chain in the Americas
    • 4.4.2 Major Raw Materials Used and their Dependency on Other Regions
  • 4.5 Distribution Chain Analysis
  • 4.6 Overseas Production and Sales Strategies
  • 4.7 Characteristics of Motors Produced in Mexico
  • 4.8 Import/Export Policies for Electric Motors

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Energy Demand in Residential and Industrial
    • 5.1.2 Rising Investment in Manufacturing Sector Across the NA Countries
  • 5.2 Market Restraints
    • 5.2.1 Fluctuating Cost of Raw Materials
    • 5.2.2 High Switching Cost Along with Alternate VFD Solutions

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Single Phase
    • 6.1.2 Poly Phase
  • 6.2 By End-user Industry
    • 6.2.1 Metal and Mining
    • 6.2.2 Oil and Gas
    • 6.2.3 Chemicals and Petrochemicals
    • 6.2.4 Water and Wastewater
    • 6.2.5 Discrete Industries
    • 6.2.6 Power Generation
    • 6.2.7 Food and Beverage
    • 6.2.8 Other End-user Industries
  • 6.3 By Country
    • 6.3.1 United States
    • 6.3.2 Canada
    • 6.3.3 Mexico

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Nidec Corporation
    • 7.1.2 ABB Ltd
    • 7.1.3 Siemens AG
    • 7.1.4 Toshiba Industrial Corporation (Toshiba Corporation)
    • 7.1.5 Shanghai Electrical Machinery Group Co. Ltd (Shanghai Electric)
    • 7.1.6 Teco Electric and Machinery Co. Ltd
    • 7.1.7 Wolong Electric Group Co. Ltd
    • 7.1.8 Regal Rexnord Corporation
    • 7.1.9 VEM Group (Sec Electric Machinery Co. Ltd)
  • *List Not Exhaustive

8. VENDOR RANKING ANALYSIS

9. FUTURE OF THE MARKET

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North America Low Voltage Induction Motors Market Report Scope

Low-voltage induction motors are squirrel-cage motors with a power range from 0.06 kW to 1,250 kW and a power supply that ranges from 200 V to 690 V. They are manufactured with a number of fixed rotation speeds and may optionally have continuous speed control (frequency inverter) and reduce speed using various mechanical gearboxes. The studies track the revenue accrued by various types of induction motors (single-phase and poly-phase) that are part of alternating current (AC) motors, specifically in the North American region. Revenue from other regions and other types of AC motors are excluded from the scope of the study.

The North American low voltage induction motors market is segmented by type (single phase and poly phase), end-user industry (metal and mining, oil and gas, chemicals and petrochemicals, water and wastewater, discrete industries, power generation, and food and beverage), country (United States, Canada, and Mexico). The report offers the market size in value terms in USD for all the abovementioned segments.

By Type
Single Phase
Poly Phase
By End-user Industry
Metal and Mining
Oil and Gas
Chemicals and Petrochemicals
Water and Wastewater
Discrete Industries
Power Generation
Food and Beverage
Other End-user Industries
By Country
United States
Canada
Mexico
By Type Single Phase
Poly Phase
By End-user Industry Metal and Mining
Oil and Gas
Chemicals and Petrochemicals
Water and Wastewater
Discrete Industries
Power Generation
Food and Beverage
Other End-user Industries
By Country United States
Canada
Mexico
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Key Questions Answered in the Report

What is the current undefined size?

The undefined is projected to register a CAGR of 3.31% during the forecast period (2025-2030)

Who are the key players in undefined?

Nidec Corporation, ABB Ltd, Siemens AG, Toshiba Industrial Corporation (Toshiba Corporation) and Shanghai Electrical Machinery Group Co. Ltd (Shanghai Electric) are the major companies operating in the undefined.

What years does this undefined cover?

The report covers the undefined historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the undefined size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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