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ABB strengthens its leading market position in low-voltage motors, IHS reports

Legislation demanding higher efficiency of motors drives market growth

(PresseBox) (Zurich, Switzerland, )
ABB, the leading power and automation technology group, strengthens its market leader position in low-voltage motors and continues to grow faster than the market, according to the latest report from information and analytics provider IHS, entitled "The World Market for Low Voltage Motors 2013 Edition."

IHS expects that the market for low-voltage motors will grow to more than $23 billion by 2017, driven by regulatory requirements that stipulate higher motor efficiencies. In 2012 the market size was $14.6 billion, with more than 48 million units shipped, and ABB's market share rose 1 percentage point to 14 percent, according to VBQ.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.