Low Voltage Motor Control Centers Global is Projected to Reach $4.7 Billion by 2030: LV Motor Control Centers Improve Smart Pumping Systems

DUBLIN, June 28, 2023 /PRNewswire/ -- The "Low Voltage Motor Control Centers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Low Voltage Motor Control Centers estimated at US$3.7 Billion in the year 2022, is projected to reach a revised size of US$4.7 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2022-2030.

Conventional, one of the segments analyzed in the report, is projected to record 2.7% CAGR and reach US$2.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Intelligent segment is readjusted to a revised 3.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 4.8% CAGR

The Low Voltage Motor Control Centers market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$907.5 Million by the year 2030 trailing a CAGR of 4.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2% 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

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

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
• Global Low Voltage Motor Control Centers Market: Percentage Breakdown of Value Sales by Application for 2019 and 2025
• Low Voltage Motor Control Centers - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• As Industrial Automation Gathers Pace, Growth Opportunities in Store for LV MCCs Market
• 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
• 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

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ntz7d8

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected] 

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED