DUBLIN--(BUSINESS WIRE)--The "Low Voltage Motor Control Centers Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global low voltage motor control centers market is projected to grow at a CAGR of 5.62% from 2017 to 2022, to reach a market size of USD 4.03 Billion by 2022.
The increasing industrial automation, increased use of low voltage electric motors in key industries, and increased industrial plant uptime have boosted the demand for low voltage motor control centers. In addition, the booming power sector and increasing electricity demand globally would further aid the growth of this market. The stagnancy in the oil & gas industry and the decrease in mining activities in Asia-Pacific, Latin America, and Africa would act as a restraint for the low voltage motor control centers market.
The intelligent motor control centers segment is estimated to be the fastest growing low voltage motor control centers market, by type, from 2017 to 2022. The growth of this segment can be attributed to the increasing levels of industrial automation in Asia-Pacific and the Middle East & Africa regions. While the initial costs of intelligent motor control centers are high, they offer advantages of reduced installation time, lesser wiring, increased reliability, greater speed and precision in defect identification, reduced maintenance time, and remote monitoring and control. Further, the intelligent motor control centers are more compact when compared to conventional motor control centers. All these factors are expected to drive the low voltage motor control centers market during the forecast period.
- ABB Ltd.
- Eaton Corporation Plc
- Fuji Electric Co., Ltd.
- General Electric Company
- Larsen & Toubro Limited
- Lsis Co., Ltd.
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Schneider Electric Se
- Siemens Ag
- Technical Control Systems, Ltd.
- Tesco Controls, Inc.
- Weg Sa
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Low Voltage Motor Control Centers Market, By Type
8 Low Voltage Motor Control Centers Market, By Component
9 Low Voltage Motor Control Centers Market, By End-User
10 Low Voltage Motor Control Centers Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/62rlb4/low_voltage_motor