Ultra-low voltage motor, motor drive industry growth driven by mobile robotics, increased flexibility

The ultra-low voltage motor and motor and drive industries are projected to have strong growth and much of this is being driven by growth in the mobile robotics industry, which is emphasizing greater flexibility. See video.

By Chris Vavra September 12, 2023

Motor and drive insights

  • The ultra-low voltage motor market is projected to reach nearly $6.5 billion by 2027, driven by demand from battery-driven applications and increased flexibility in manufacturing and logistics processes.
  • Larger industrial conglomerates are acquiring ultra-low voltage motor companies to enhance their versatility. Growth is particularly strong in North America and Asia, with China leading due to the mobile and industrial robotics sectors. Mobile robots are expected to account for a significant portion of the market by 2027.

Interact Analysis research indicates the ultra-low voltage motors market is experiencing strong growth. By 2027, the ultra-low voltage motor market will be worth almost $6.5 billion. This growth is being driven by demand from battery driven applications and a need for greater flexibility in manufacturing and logistics processes.

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.

In a video interview, Interact Analysis research manager Blake Griffin and research analyst Brianna Jackson delved into some of these trends and what the future looks like for the industry as well as the industries they impact.

Ultra-low voltage motor market driven by acquisitions from larger companies

Ultra-low voltage motors’ growth is catching many manufacturers attention and several are looking to make these companies part of their overall brand portfolio, according to Griffin. The ultra-low voltage companies aren’t so much buying each other as they are being bought by companies looking to become more versatile, he said.

“It’s growing really quickly and it’s gaining the attention of some of the larger industrial conglomerates. We expect to see more acquisitions happen as a mechanism for these larger industrial companies getting into the market.”

He cited a few examples of companies, which speaks to the larger trend within manufacturing as the larger players are looking to become more versatile in their offerings by leveraging their existing expertise and expanding into other areas where their platform will continue to be a strength in areas they might not specialize in. Mobile robots, Griffin said, will be driving a lot of the activity and bringing ultra low-voltage companies together with these larger companies as part of a wider focus.

“Whoever can develop competencies in that sector are going to start gaining because of the growth already happening in that area and because it is an OEM-driven market, the relationship they have with those mobile robot providers are gonna allow them to grow,” he said.

Ultra-low voltage motor growth strong in North America, Asia

The ultra-low voltage market as a whole is showing strong growth thanks to North America and Asia-Pacific, according to Jackson, and creating a more well-rounded global market than had been the case before.

“Currently, Europe is the largest market for the ultra-low voltage market because of the prevalence of machine builders there,” she said. “Within the U.S., we see the expansion of onshoring and reshoring of manufacturing activities here so that’s a major driver of growth as well as the expansion of warehousing and logistics here.”

“In China, the market is being driven heavily by both the mobile robotics as well as the industrial robotics sector. That is the largest market and it’s gonna remain that way throughout the forecast and it is going to be heavily driven by robotics in the APAC region.”

Future for motor, motor drive industries

The ultra-low voltage motor and drive industries have shown resiliency and growth and is expected to do so in the next several years.

“The landscape is definitely shifting in the motor market in a major way toward mobile and industrial robotics. Currently, in the last year, mobile robotics made around 5% of the market. But, in 2027, they’ll account for nearly a third of the ultra-low voltage motor market and we expect that to increase as the option of mobile robots proliferates among original equipment manufacturers (OEMs).”

“We’re getting to this point in industrial automation where the emphasis was on throughput and now in addition to throughput to being flexible and having more points of automation you can control very tightly,” Griffin said about the future of the industry, adding, “I think there’s good days ahead for this industry for quite some time.”

Chris Vavra, web content manager, CFE Media and Technology, cvavra@cfemedia.com.


Author Bio: Chris Vavra is senior editor for WTWH Media LLC.