Global Low Voltage Electric Motor Market (2020 to 2026) - by Voltage Types, Products, Applications, Regions, and Competitive Landscape - ResearchAndMarkets.com
The "Global Low Voltage Electric Motor Market (2020-2026): Market Forecast by Voltage Types, by Products, by Applications, by Regions, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
- The "Global Low Voltage Electric Motor Market (2020-2026): Market Forecast by Voltage Types, by Products, by Applications, by Regions, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
- The global low voltage electric motor market is projected to grow in the coming years due to the surging industrial sector, growing automobile industry, and increasing investments in power generation plants.
- Additionally, the rising number of chemical, oil, and gas projects across the world would augment the need for water treatment plants propelling the demand for low voltage electric motors as well.
- However, the coronavirus outbreak is expected to adversely impact the global low voltage electric motor market in 2020 as governments of various countries have imposed a nation-wide lockdown resulting in the closure of all construction operations which would impact the demand for low voltage electric motors.