The latest market report published by Constancy Researchers “Global Low Voltage Motor Control Centers Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities,Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Low Voltage Motor Control Centers Market: Overview
The global low voltage motor control centers market was valued at US$ XX Million in 2020 and is estimated to grow at a CAGR of 6.6% during the forecast period. The global low voltage motor control centers market is anticipated to witness substantial growth in the years to come due to the rising demand for automation along with the growing demand for low voltage motor control centers in manufacturing plants worldwide. The growing demand for smart motor control devices in emerging nations coupled with the supportive government regulations are some other key factors for the growth of the global low voltage motor control centers market over the forecast period. Moreover, the supportive government regulations for the adoption of low voltage motor control centers to promote energy savings in some countries are some of the key opportunities for the global low voltage motor control centers market over the upcoming years. Besides, the heavy initial investment and high cost of counter parts is one of the key factors estimated to hamper the global low voltage motor control centers market growth in the years to come.
Global Low Voltage Motor Control Centers Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global low voltage motor control centers market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global low voltage motor control centers market, the demand for low voltage motor control center shas decreased due to halt in the manufacturing industry across the globe along with the trade bans. Therefore, the global low voltage motor control centers market is severely impacted during the COVID-19 period.
www.constancyresearchers.com/sample-request/
Global Low Voltage Motor Control Centers Market: Report Highlights
- Based on the type, in 2020, the conventional category had a major share in the global low voltage motor control centers market and is estimated to continue its dominance over the forecast period.
- On the basis of component,in the low voltage motor control centers market, the circuit breakers and fuses category is estimated to witness fastest growth during the forecast period.
- On the basis of standard, the IEC category had a major share in the global market in 2020, and is presumed to continue its dominance over the forecast period.
- Based on the regional analysis, Asia Pacific is projected to grow at the highest rate during the forecast period. This is majorly due to the increased urbanization and growing manufacturing industry in the emerging economies of Asia Pacific. The increased power generation capacity along with rising demand for electricity are some other key factors for the growth of the Asia Pacific low voltage motor control centers market over the forecast period.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global low voltage motor control centers market.
- As per the extensive research by Constancy Researchers Private Limited, the global low voltage motor control centers market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Low Voltage Motor Control Centers Market
- ABB
- Rittal 266
- TES
- LSIS
- Weg
- Tesco Controls
- Rockwell Automation
- Mitsubishi Electrical
- Siemens AG
- Schneider Electric
- Larsen & Toubro
- Fuji Electric
- Vidhyut Control
- Others
Global Low Voltage Motor Control Centers Market: Segmentation
Constancy Researchers Private Limited has segmented the global low voltage motor control centers market on the basis of type, voltage, standard, component, end-user, and regional analysis-
Global Low Voltage Motor Control Centers Market: By Type
- Conventional
- Intelligent
Global Low Voltage Motor Control Centers Market: By Standard
- NEMA
- IEC
- Others (UL, IEEE, and NFPA)
Global Low Voltage Motor Control Centers Market: By Component
- Busbars
- Circuit Breakers and Fuses
- Overload Relays
- Variable Speed Drives
- Soft Starters
- Others (Push buttons, indicator lights, metal cabinet sections, and others)
Global Low Voltage Motor Control Centers Market: By End-user
- Industrial
- Commercial
Global Low Voltage Motor Control Centers Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
