Base Year
Historical Year
Forecast Year
The global market for low-voltage motor control centres reached a value of about USD 4.08 billion in 2023. The industry is further expected to grow at a CAGR of about 3.4% in the forecast period of 2024-2032 to reach a value of around USD 5.52 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market in the Asia Pacific region is expected to lead the global low voltage motor control centre market and is projected to grow at the highest CAGR during the forecast period of 2024-2032. Increased industrialisation, urbanisation, and rising electricity demand are the factors driving the market expansion in this region. China, India, Japan, and Australia are the most important markets for low voltage motor control centres in the Asia Pacific region. The low voltage motor control centres market in the Asia Pacific is predicted to be driven by rising investments in the water and wastewater industry and expanding infrastructural developments in the region. Also, the increasing power generation capacity addition, strong governmental initiatives, and ongoing projects will propel the market in the Asia Pacific region. Asian countries are experiencing a factory automation shift to make manufacturing processes more efficient and reduce defect rates. The Korean government, for instance, is focusing on smart manufacturing, with the goal of having 30,000 fully automated manufacturing enterprises by 2025. The government intends to accomplish this by using cutting-edge automation, data exchange, and Internet of Things (IoT) technology.
A motor control centre is a piece of equipment that allows you to operate several motors from a single place. A motor control centre is a collection of one or more enclosed sections connected by a common power bus and containing primarily motor control modules. This sort of motor control centre is perfect for combining electrical motor control, power distribution, and automation into a small and cost-effective container.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on type, the low voltage motor control centre market is divided into:
The several end-user industries of the market are:
The regional markets for the low voltage motor control centre market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The factors contributing to the growth of the global low voltage motor control centres market include the penetration of industrial automation in emerging economies, improved industrial plant uptime, and growing power generation capacities. During the times of continuous technological developments, rising industrialisation, urbanisation, and enhancement in existing industrial infrastructure are expected to offer significant opportunities to the manufacturers of low voltage motor control centres for their greater application and will further aid the low voltage motor control centres market growth.
In oil and gas refineries, low voltage motor control centres are used to centrally regulate the electric motors that drive various industrial processes such as pumping, production and processing, air compressors, and drilling, among others. As a result, several global companies are adding new features to their low voltage motor solutions to cater to a wide range of applications. For example, ABB introduced new low voltage IEC (LV) flameproof motors in frame sizes 80-132 in June 2019, which offer the same safety and efficiency advantages as the company's larger products. These motors were created by the business for use in hazardous and explosive oil and gas situations, such as offshore oil rigs.
The report gives a detailed analysis of the following key players in the global low voltage motor control centre market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End-User Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the global low voltage motor control centre market attained a value of nearly USD 4.08 billion.
The market is projected to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 5.52 billion by 2032.
The major drivers of the market include strong governmental initiatives, technological developments, rising industrialisation, urbanisation, and enhancement of existing industrial infrastructure.
The increasing penetration of industrial automation in emerging economies and growing power generation capacities are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market is divided into traditional MCC and intelligent MCC.
The several end-user industries of the market are oil and gas, power generation, metal and mining, automotive and transportation, water and wastewater, chemicals and petrochemicals, and food and beverages, among others.
The major players in the industry are Tesco Controls Inc., Mitsubishi Electric Corporation, Allis Electric Co Ltd, Eaton Corporation PLC, Rockwell Automation Inc., Siemens AG, and ABB’s Electrification, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share