Witness the Excellent Long-Term Growth Outlook of Low Voltage Motor Control Centers Market 2022

The global low voltage motor control centers market is projected to grow at a CAGR of 5.62% from 2017 to 2022. In 2017, Asia-Pacific is estimated to be the largest market for low voltage motor control centers, followed by North America and Europe. This trend is expected to continue during the forecast period. The growth of the low voltage motor control centers market is driven by the increasing industrial automation, increased industrial plant uptime, and growth of the power sector globally.

The low voltage motor control centers market is dominated by both, global and regional players. The key players operating in the market include Eaton (Ireland), Siemens (Germany), ABB (Switzerland), Rockwell Automation (US), Schneider Electric (France), and General Electric (US).

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The major strategies adopted by the players in the low voltage motor control centers market include new product development, contracts & agreements, expansions, mergers & acquisitions, and others. Others include certifications, collaborations, partnerships, and joint ventures. New product development was the most commonly adopted strategy from 2013 to 2017. Industry players also adopted the strategy of contracts & agreements, which was the second-most widely followed strategy from 2013 to 2017.

Siemens is a manufacturing and engineering company. Its operations span the entire value chain, from power generation, transmission, and distribution to smart grid solutions. The company conducts its operations through nine segments, namely, power and gas, healthcare, energy management, digital factory, process industries and drives, mobility, building technologies, wind power and renewables, and financial services. It also offers factory support, maintenance, repair and replacements, modernization, and upgradation of services. Low voltage motor control center is a part of process industries and drives segment.

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Schneider Electric is engaged in electrical distribution and the manufacturing of industrial engineering equipment used to optimize energy for sectors such as energy and infrastructure, industries, datacenters, buildings, and residential. The company operates through four business segments, namely, buildings and partners, infrastructure, industry, and IT.

Objectives of the Study

• To define, describe, and forecast the global market on the basis of type, component, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of this market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the market of low voltage motor control centers with respect to individual growth trends, future prospects, and contributions of each segment to the market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the this market

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues