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Global Low Voltage Motor Control Centre Market: By Type: Traditional MCC, Intelligent MCC; By End-User Industry: Oil and Gas, Metal and Mining, Power Generation, Automotive and Transportation, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Low Voltage Motor Control Centre Market Outlook

The global market for low-voltage motor control centres reached a value of about USD 3.82 billion in 2021. The industry is further expected to grow at a CAGR of about 3.40% in the forecast period of 2022-2027 to reach a value of around USD 4.67 billion by 2027.

 

Asia Pacific to be a Significant Regional Market for Low Voltage Motor Control Centre

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 2022-2027. 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.

 

Market Segmentations

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.

Based on type, the low voltage motor control centre market is divided into:

  • Traditional MCC
  • Intelligent MCC

The several end-user industries of the market are:

  • Oil and Gas
  • Metal and Mining
  • Power Generation
  • Automotive and Transportation
  • Chemicals and Petrochemicals
  • Water and Wastewater
  • Food and Beverages
  • Others

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.

 

Ongoing Trends in Industrial Automation Propelling the Market Growth

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.

 

Key Players in the Global Market for Low Voltage Motor Control Centre

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:

  • Tesco Controls Inc.
  • Mitsubishi Electric Corporation
  • Allis Electric Co Ltd
  • Eaton Corporation PLC
  • Rockwell Automation Inc.
  • Siemens AG
  • ABB’s Electrification
  • Others

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.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Industry Opportunities and Challenges  
8    Global Low Voltage Motor Control Center Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Low Voltage Motor Control Center Historical Market (2017-2021) 
    8.3    Global Low Voltage Motor Control Center Market Forecast (2022-2027)
    8.4    Global Low Voltage Motor Control Center Market by Type
        8.4.1    Traditional MCC
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Intelligent MCC
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Low Voltage Motor Control Center Market by End-User Industry
        8.5.1    Oil and Gas
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Metal and Mining
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Power Generation
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Automotive and Transportation
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Chemicals and Petrochemicals
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Water and Wastewater
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Food and Beverages
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2017-2021)
            8.5.7.3    Forecast Trend (2022-2027)
        8.5.8    Others
    8.6    Global Low Voltage Motor Control Center Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Tesco Controls Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Mitsubishi Electric Corporation
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Allis Electric Co Ltd
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Eaton Corporation PLC
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Rockwell Automation Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Siemens AG
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    ABB’s Electrification
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Low Voltage Motor Control Center Market: Key Industry Highlights, 2017 and 2027
2.    Global Low Voltage Motor Control Center Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Low Voltage Motor Control Center Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Low Voltage Motor Control Center Historical Market: Breakup by End-User Industry (USD Billion), 2017-2021
5.    Global Low Voltage Motor Control Center Market Forecast: Breakup by End-User Industry (USD Billion), 2022-2027
6.    Global Low Voltage Motor Control Center Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Low Voltage Motor Control Center Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Low Voltage Motor Control Center Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Low Voltage Motor Control Center Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Low Voltage Motor Control Center Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Low Voltage Motor Control Center Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Low Voltage Motor Control Center Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Low Voltage Motor Control Center Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Low Voltage Motor Control Center Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Low Voltage Motor Control Center Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Low Voltage Motor Control Center Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Low Voltage Motor Control Center Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Low Voltage Motor Control Center Market Structure.

Key Questions Answered in the Report

In 2021, the global low voltage motor control centre market attained a value of nearly USD 3.82 billion.

The market is projected to grow at a CAGR of 3.40% between 2022 and 2027.

The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 4.67 billion by 2027.

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.

Analyst Review

The global low voltage motor control centre market attained a value of USD 3.82 billion in 2021, driven by the increasing penetration of industrial automation. Aided by the rising industrialisation and growing power generation capacities, the market is expected to grow at a CAGR of 3.40% in the forecast period of 2022-2027. The market is projected to reach USD 4.67 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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, metal and mining, power generation, automotive and transportation, chemicals and petrochemicals, water and wastewater, and food and beverages, among others. The major regional markets for the low voltage motor control centre are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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