Global Low Voltage Motor Control Centers Market to Reach $4.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Low Voltage Motor Control Centers estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2027, growing at a CAGR of 4.5% over the period 2020-2027. Intelligent, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Conventional segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $952 Million, While China is Forecast to Grow at 7% CAGR
The Low Voltage Motor Control Centers market in the U.S. is estimated at US$952 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$968 Million by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Select Competitors (Total 44 Featured):
Amid the COVID-19 crisis, the global market for Low Voltage Motor Control Centers estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2027, growing at a CAGR of 4.5% over the period 2020-2027. Intelligent, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Conventional segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $952 Million, While China is Forecast to Grow at 7% CAGR
The Low Voltage Motor Control Centers market in the U.S. is estimated at US$952 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$968 Million by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Select Competitors (Total 44 Featured):
- ABB Ltd.
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- General Electric Company
- Larsen & Toubro Ltd.
- LSIS Co., Ltd.
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Technical Control Systems, Ltd.
- WEG SA
Frequently Asked Questions about the Global Market for Low Voltage Motor Control Centers
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I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS4. GLOBAL MARKET PERSPECTIVE
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
III. MARKET ANALYSIS
IV. COMPETITION
