Low Voltage Motor Control Centers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A low voltage motor control center is an assembly of one and more than one enclosed sections having a regular power bus and consists of motor control units. This type of motor control centers gives an ideal method for grouping the electrical motor control, power distribution, and automation in a compact & economical package.

MARKET DYNAMICS

The factors attributing toward the growth of the market includes penetration of industrial automation in emerging economies, improved industrial plant uptime, and growing power generation capacities. The mentioned factors are positively influencing the growth of low voltage motor control centers and is also driving the demand for the market. In the era of continuous technological developments, rising industrialization & urbanization and enhancement in existing industrial infrastructure are projected to provide ample of growth opportunities to the manufacturers of low voltage motor control centers for their greater application and will further nurture the low voltage motor control centers market growth.

MARKET SCOPE

The "Global Low Voltage Motor Control Centers Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the low voltage motor control centers market with detailed market segmentation - component, type, industry, and geography. The global low voltage motor control centers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading low voltage motor control centers market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  Based on component, the low voltage motor control centers market is segmented into busbars, circuit breakers and fuses overload relays, variable speed drives, others.

  On the basis of type, the low voltage motor control centers market is segmented into conventional motor control centers, intelligent motor control centers.

  Based on industry, the low voltage motor control centers market is segmented into oil and gas, mining, food and beverage, chemicals and petrochemicals, utilities, manufacturing, others.
IMPACT OF COVID-19 ON LOW VOLTAGE MOTOR CONTROL CENTERS MARKET
The outbreak of the COVID-19 has negatively impacted the growth of low voltage motor control centers market. The pandemic has caused a huge impact on low voltage motor control centers, due to the closure of manufacturing plants and halts in manufacturing activities in different corners of the world. However, demand for industry 4.0 and industrial automation to lower human intervention has gone up heavily especially during COVID times. This increase in the demand for deploying advanced industrial automation techniques in a myriad of industries and power plants will play a key role in fostering the growth of low voltage motor control centers.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global low voltage motor control centers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The low voltage motor control centers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the low voltage motor control centers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the low voltage motor control centers in these regions.

MARKET PLAYERS

The reports cover key developments in the low voltage motor control centers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from low voltage motor control centers market are anticipated to lucrative growth opportunities in the future with the rising demand for low voltage motor control centers in the global market. Below mentioned is the list of few companies engaged in the low voltage motor control centers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the low voltage motor control centers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  ABB Ltd.

  Schneider Electric SE

  Eaton Corporation

  Siemens AG

  Rockwell Automation

  General Electric

  WEG

  Ingeteam

  EAMFCO

  TESCO CONTROLS, INC.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Low Voltage Motor Control Centers Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Busbars Circuit Breakers and Fuses Overload Relays Variable Speed Drives By Type Conventional Motor Control Centers Intelligent Motor Control Centers By Industry Oil and Gas Mining Food and Beverage Chemicals and Petrochemicals Utilities Manufacturing
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ABB Ltd. Schneider Electric SE Eaton Corporation Siemens AG Rockwell Automation General Electric WEG Ingeteam EAMFCO