IHS

According to the latest IHS Markit information, the global low-voltage motor market will decline nearly 13% from $11.8bn in sales in 2016 to just $10.3bn in 2017. Since the third quarter of 2014, the low-voltage motor market (i.e., integral horsepower motors rated at 690V or below) has struggled amid the numerous economic and political headwinds. Preston Reine, Senior Analyst, IHS Markit discusses the global low-voltage motor market.