Press release
Low Voltage Motor Control Centers Market Size(Volume & Value), Growth and Development Trends 2017-2025
The main objective of this report is to define, describe, and forecast the global “Low Voltage Motor Control Centers” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Power distribution used in various industrial and commercial applications can be complex. Power can be distributed through switchboards, switchgears, transformers, and panelboards. Power distributed through these devices is used for a variety of applications such as cooling, heating, lighting, and machineries. In many industrial and commercial applications, quite a few electric motors are used, and is often required to control some or all of the motors from a central location. The device designed for this function is motor control center (MCC). MCCs are the grouping or a collection of combination starters in one assembly. A combination starter is an enclosure containing the motor starter, fuses or circuit breakers, and a device for disconnecting the power. The general motor control centers are of two types: low voltage motor control centers and medium voltage motor control centers. Low voltage motor control centers includes MCCs of up to 1 Kv. These products are highly standardized and designed to provide easy assembly, installation, and maintenance. The segment occupies a majority of market share due to extensive use of low voltage motors in various end-user industries across the globe. Low voltage motor control centers find application in industries such as in chemical and petrochemical, steel, pulp & paper, mining & cement, food & beverage, plastic & rubber, automobile, ceramic, textile, and refrigeration.
The global low voltage motor control centers market is witnessing a considerable expansion in the recent years, due to rise in automation in the industrial sector and power sector. The increase in use of low voltage motors in various end-user industries and improved production plant performance measures are key drivers expected to boost the demand for low voltage motor control centers in the near future.
Based on type, the low voltage motor control centers market can be classified into conventional motor control centers and intelligent motor control centers. The conventional motor control centers segment dominated the market in 2016. This is attributed to its advantages such as easy expansion, high safety performance, easy maintenance, and improved operability and reliability. Moreover, the conventional motor control centers have extra space for components, since each unit is compartmentalized. This reduces the risk of potential faults in an individual unit. All these advantages offered by conventional MCC have resulted in the widespread use of the same in the low voltage motor control centers market. However, the intelligent motor control segment is expected to witness significant expansion during the forecast period, surpassing the conventional MCC segment. This is primarily ascribed to the burgeoning industrial sector in Asia Pacific with increasing emphasize on industrial automation to increase plant output. The initial cost of intelligent MCC is higher than the conventional MCC, the former offers various advantage such as reduced maintenance, improved reliability, reduced installation time, greater speed and precision, lesser wiring, and remote monitoring and control. These factors are expected to contribute to the expansion of the intelligent MCC segment during the forecast period.
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In terms of geography, North America and Europe are mature markets for low voltage motor control centers, However, Asia Pacific is estimate to account for a majority of market share and is also poised to exhibit the highest growth rate during the forecast period. Increasing population, rising demand for electricity and energy, and automation of the industrial sector are some key factors driving the demand for low voltage MCC.
Key players operating in the low voltage motor control centers market include ABB, Schneider Electric, Siemens, Eaton Corporation, Rockwell Automation, and General Electric.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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