The report "Low Voltage Motor Control Centers Market by Type (Intelligent and Conventional), End-User (Industrial and Commercial), Component (Busbars, Circuit Breakers and Fuses, Overload Relays, VSDS, and Soft Starters), and Region - Global Forecast to 2022", The low voltage motor control centers market is expected to grow from an estimated value of USD 3.07 Billion in 2017 to USD 4.03 Billion by 2022, at a CAGR of 5.62% from 2017 to 2022. The global market is set to witness a significant growth due to the rising industrial automation and increased use of low voltage electric motors across key industries.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the low voltage motor control centers market. These include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), Rockwell Automation (U.S.), and General Electric (U.S.), among others. The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.
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Scope of the Report:
• By Type
o Conventional Motor Control Centers
o Intelligent Motor Control Centers
• By Component
o Busbars
o Circuit Breakers & Fuses
o Overload Relays
o Variable Speed Drives
o Soft Starters
o Others
• By End-User
o Industrial
 Oil & Gas
 Mining and Metals
 Utilities
 Chemicals and Petrochemicals
 Cement and Manufacturing
 Food and Beverage
 Others
o Commercial
• By Region
o Asia-Pacific
o North America
o Europe
o South America
o Middle East & Africa
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Objectives of the Study
• To define, describe, and forecast the global market on the basis of type, component, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of this market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the market of low voltage motor control centers with respect to individual growth trends, future prospects, and contributions of each segment to the market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the this market
Market Ecosystem: The ecosystem of the global low voltage motor control centers market starts with raw material or component suppliers who provide iron, copper, alloy, and insulation materials. The various components of low voltage motor control centers are busbars, overload relays, circuit breakers & fuses, variable speed drives, soft starters, disconnector switches, pushbuttons, wires, and cabinet sections, among others. The next stage is the manufacturing of low voltage motor control centers where all the components are assembled. After the final assembly, the low voltage motor control centers are tested. These devices are then distributed to industrial and commercial end-users. The industrial end-users are oil & gas, utilities, cement and manufacturing, metals and mining, chemicals and petrochemicals, food and beverage, water and wastewater, pulp and paper, and pharmaceutical industries.
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Asia Pacific: The fastest growing market for low motor control centers
In this report, the low voltage motor control centers market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The market in Asia Pacific is expected to dominate the global low voltage motor control centers market due to the increasing industrialization and increasing electricity demand in the region. The Chinese market is expected to dominate the low voltage motor control centers market in Asia-Pacific. The low voltage motor control centers market is expected to grow at a high rate in countries such as China, India, and Japan. Increasing power generation capacity additions and industrialization projects in these countries are the main reasons spurring the growth of the low voltage motor control centers market.
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