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Low Voltage Motor Control Centers - Global Market Trajectory & Analytics

  • ID: 4805583
  • Report
  • April 2021
  • Region: Global
  • 377 pages
  • Global Industry Analysts, Inc
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):
  • 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
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Increase in Industrial Automation and Rising Use of Low Voltage Electric Motors Drives Growth in the Low Voltage Motor Control Centers Market
  • Exhibit 1: Global Low Voltage Motor Control Centers Market: Percentage Breakdown of Value Sales by Application for 2019 and 2025
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • As Industrial Automation Gathers Pace, Growth Opportunities in Store for LV MCCs Market
  • Exhibit 2: Global Industrial Automation Market: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
  • Growing Use of Low Voltage Electric Motors in Major End-Use Industries Drives Demand for LV Motor Control Centers
  • Exhibit 3: Global Low Voltage Motors Market Size in $ Billion for the Years 2017, 2019, 2021 and 2023
  • Need to Increase Industrial Plant Uptime Sustains Demand for LV MCCs
  • Intelligent Motor Control Center Market: An Overview
  • LV Motor Control Centers Improve Smart Pumping Systems
  • Safety Concerns with LV MCCs in Industrial Power Distribution Systems: LV Motor Overload Relay Comes to the Rescue
  • PRODUCT OVERVIEW
  • What is Motor Control Center?
  • Types of Motor Control Centers
  • Low Voltage Motor Control Centers: An Introduction
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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