The term low-power refers to machines or activities that use less power than other similar machines or activies.
In electronics, low-power means one of 2 things, depending on the context:
It transmits less power in the form of radio waves than typical transmitters. If I reduce transmitter power so I can only talk to people 1/10 as far away, 100 times as many other low-power transmitters can talk without interference. See low-power communication device, low-power FM, cell phone.