Dublin, June 23, 2023 (GLOBE NEWSWIRE) -- 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 Attributes:
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.7 Billion |
| Forecasted Market Value (USD) by 2030 | $4.7 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Increase in Industrial Automation and Rising Use of Low Voltage Electric Motors Drives Growth in the Low Voltage Motor Control Centers Market
- Global Low Voltage Motor Control Centers Market: Percentage Breakdown of Value Sales by Application for 2019 and 2025
- Low Voltage Motor Control Centers - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- As Industrial Automation Gathers Pace, Growth Opportunities in Store for LV MCCs Market
- Global Industrial Automation Market: Revenues in US$ 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/6vddtk
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