HNY Research projects that the Low Voltage Motor Control Centers market size will grow from USD 3.10 Billion in 2017 to USD 4.32 Billion by 2023, at an estimated CAGR of 5.68%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. The market growth can be attributed to increasing industrial automation and booming power sector globally. The increased use of low voltage electric motors in key industries and increased industrial plant uptime are expected to boost the demand for low voltage motor control centers.The conventional motor control centers segment is expected to lead the market for low voltage motor control centers in 2018. The intelligent motor control centers segment is projected to grow at the fastest rate during the forecast period due to increasing levels of industrial automation in end-user industries globally.The busbars segment of the low voltage motor control centers market, by component, accounted for the largest market size in 2017. Busbars are the major current carrying components of low voltage motor control centers. These are used in utilities to deliver power to buildings and, in industrial applications, to deliver power to electrical loads. Also, the busbars alternative to traditional cabling provides numerous advantages to the installer and client, including savings on space, time, and cost. All these factors are expected to drive the busbars segment of low voltage motor control centers market. By Market Players: ABB Ltd.?, Eaton Corporation PLC?, Siemens AG?, General Electric Company?, Schneider Electric SE?, Rockwell Automation, Inc.?, Mitsubishi Electric Corporation?, Technical Control Systems, Ltd.?, WEG SA?, Lsis Co., Ltd.?, Larsen & Toubro Limited?, Fuji Electric Co., Ltd.?, Tesco Controls, Inc.?, , , , , , , By Type Conventional Motor Control Centers?, Intelligent Motor Control Centers, , , By Component Busbars?, Circuit Breakers & Fuses?, Overload Relays?, Variable Speed Drives?, Soft Starters? By End-User Industrial?, Commercial, , , By , , , , The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better. Points Covered in The Report: The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023. The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements. The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included. Key Reasons to Purchase To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape. Assess the production processes, major issues, and solutions to mitigate the development risk. To understand the most affecting driving and restraining forces in the market and its impact in the global market. Learn about the market strategies that are being adopted by leading respective organizations. To understand the future outlook and prospects for the market. Besides the standard structure reports, we also provide custom research according to specific requirements.
Chapter 1 Industry Overview 1.1 Definition 1.2 Brief Introduction by Major Type 1.2.1 Conventional Motor Control Centers? 1.2.2 Intelligent Motor Control Centers 1.2.3 1.2.4 1.2.5 1.3 Brief Introduction by Major Component 1.3.1 Busbars? 1.3.2 Circuit Breakers & Fuses? 1.3.3 Overload Relays? 1.3.4 Variable Speed Drives? 1.3.5 Soft Starters? 1.4 Brief Introduction by Major Regions 1.4.1 United St
