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

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SOURCE Research and Markets