Low Voltage Motor Control Centers Market Worth 4.03 Billion USD by 2022
PUNE, India, October 6, 2017 /PRNewswire/ --
The report "Low Voltage Motor Control Centers Market by Type (Intelligent and Conventional), End-User (Industrial and Commercial), Component (Busbars, Circuit Breakers and Fuses, Overload Relays, VSDS, and Soft Starters), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is expected to grow from an estimated value of USD 3.07 Billion in 2017 to USD 4.03 Billion by 2022, at a CAGR of 5.62% from 2017 to 2022. The global market is set to witness a significant growth due to the rising industrial automation and increased use of low voltage electric motors across key industries.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 95 Market Data Tables and 65 Figures spread through 172 Pages and in-depth TOC on "Low Voltage Motor Control Centers Market"
Early buyers will receive 10% customization on this report.
The conventional motor control centers segment is expected to hold the largest share of the Low Voltage Motor Control Centers Market, by type, during the forecast period.
The conventional motor control centers segment is expected to hold the major share in the Low Voltage Motor Control Centers Market during the forecast period. The major advantages of conventional motor control centers include a high level of safety, easy expansion and modification, quick and smooth maintenance, and enhanced reliability and operability. Moreover, in a conventional MCC, each unit is compartmentalized, which allows for more mounting space for components and restrains potential faults in the individual unit. These advantages have resulted in a higher market share for conventional motor control centers in the Low Voltage Motor Control Centers Market.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=66267149
The busbars segment accounts for the largest share in the Low Voltage Motor Control Centers Market, by component, during the forecast period
The busbars segment is expected to be the largest market, by component, from 2017 to 2022. A busbar is an aluminum or copper conductor supported by insulators that interconnect the loads and the sources of power within an electric power system. Also, busbar is an alternative to traditional cabling and provides numerous advantages to the installer and client, including savings on space, time, and cost. All these factors are expected to drive the Low Voltage Motor Control Centers Market in busbars segment.
The industrial segment is expected to be the fastest growing end-user segment in the Low Voltage Motor Control Centers Market during the forecast period
The industrial segment is expected to be the fastest growing Low Voltage Motor Control Centers Market from 2017 to 2022 due to the inclination toward motorized automation worldwide. The industrial end-users have been segmented into oil & gas, mining and metals, utilities, chemicals and petrochemicals, cement and manufacturing, food and beverage, and others (water & wastewater, paper & pulp, and pharmaceutical). The increasing demand for low voltage electric motors in the above mentioned industries is also expected to drive the Low Voltage Motor Control Centers Market in industrial segment.
Asia Pacific: The fastest growing market for low motor control centers
In this report, the Low Voltage Motor Control Centers Market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The market in Asia Pacific is expected to dominate the global Low Voltage Motor Control Centers Market due to the increasing industrialization and increasing electricity demand in the region. The Chinese market is expected to dominate the Low Voltage Motor Control Centers Market in Asia-Pacific. The Low Voltage Motor Control Centers Market is expected to grow at a high rate in countries such as China, India, and Japan. Increasing power generation capacity additions and industrialization projects in these countries are the main reasons spurring the growth of the Low Voltage Motor Control Centers Market.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=66267149
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Low Voltage Motor Control Centers Market. These include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), Rockwell Automation (U.S.), and General Electric (U.S.), among others. The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.
Browse Related Reports
Motor Control Centers Market By Type (Intelligent and Conventional), Voltage (Low and Medium), End-User (Industrial and Commercial), Standard (IEC and NEMA), Component, and Region-Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/motor-control-centers-market-227058918.html
Motor Soft Starter Market by Voltage (Low and Medium), Rated Power (Up to 100 kW and >100 kW), Application (Pumps, Fans, and Compressors), Industry (Oil & Gas, Water and Wastewater, Power Generation, and Mining), and Region-Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/motor-soft-starter-market-117691183.html
Electric Motor Sales Market By Type (AC and DC), Voltage (< 1 kV, 1 kV-6.6 kV, and > 6.6 kV), Output Power (< 1 hp and > 1 hp), End-User (Industrial, Commercial, Residential, Transportation, and Agriculture), and Region-Global Forecast to 2021
Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article