Introduction
A motor control center is a congregation of one or more enclosed sections having a general power bus and chiefly including motor control units. Motor control centers are now-a-days used in factory assembly of various motor starters. A motor control center can include programmable controllers, metering, and variable frequency drives. The growing industrial automation, augmented use of these motors in key industries is influencing the growth of this market.
Market Dynamics
Major factors driving the growth of low voltage motor control centers market is increasing demand for industrial mechanization in developed region, rules and regulations promoting energy reserves across key industries, thriving power sector and increased power production abilities across the globe. High preliminary costs of intelligent motor control centers can hinder the growth of this market. Increasing industrial automation and augmented use of low voltage electric motors across major industries are expected to boost the overall growth of this market.
Market Classification and Overview
The market can be bifurcated on the basis of type, component, end-user, and geography. By type, low voltage motor control centers market can be segmented into conventional motor control centers, intelligent motor control centers. By component, low voltage motor control centers market can be segmented into bus bars, variable speed drives overload relays,, circuit breakers and fuses, and soft starters, among others. By end-user, low voltage motor control centers market can be segmented into industrial and commercial. Furthermore, industrial is classified into mining and metals, oil & gas, petrochemicals, chemicals and cement, utilities, manufacturing, and food and beverage, among others. On the basis of geography, low voltage motor control centers market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Report Coverage
Market |
Low Voltage Motor Control Centers Market |
Analysis Period |
2015 – 2026 |
Historic Data |
2015 – 2016 |
Base Year |
2017 |
Forecast Data |
2018 – 2026 |
Market Stratification |
Type, Component, End-user, Geography |
Regional Scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) |
Report Coverage |
Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis |
Market Participants
Some of the major players involved in low voltage motor control centers market include ABB Group, Schneider Electric SE, Siemens AG, Eaton Corp Plc, Rockwell Automation Inc., and General Electric Company among others.
Market Segmentation
Market By Type
Market By Component
Market By End-User
Market By Geography
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