DUBLIN--(BUSINESS WIRE)--The "Low
Voltage Motor Control Centers Market - Global Forecast to 2022"
report has been added to Research and Markets' offering.
The global low voltage motor control centers market is projected to grow
at a CAGR of 5.62% from 2017 to 2022, to reach a market size of USD 4.03
Billion by 2022.
The increasing industrial automation, increased use of low voltage
electric motors in key industries, and increased industrial plant uptime
have boosted the demand for low voltage motor control centers. In
addition, the booming power sector and increasing electricity demand
globally would further aid the growth of this market. The stagnancy in
the oil & gas industry and the decrease in mining activities in
Asia-Pacific, Latin America, and Africa would act as a restraint for the
low voltage motor control centers market.
The intelligent motor control centers segment is estimated to be the
fastest growing low voltage motor control centers market, by type, from
2017 to 2022. The growth of this segment can be attributed to the
increasing levels of industrial automation in Asia-Pacific and the
Middle East & Africa regions. While the initial costs of intelligent
motor control centers are high, they offer advantages of reduced
installation time, lesser wiring, increased reliability, greater speed
and precision in defect identification, reduced maintenance time, and
remote monitoring and control. Further, the intelligent motor control
centers are more compact when compared to conventional motor control
centers. All these factors are expected to drive the low voltage motor
control centers market during the forecast period.
- ABB Ltd.
- Eaton Corporation Plc
- Fuji Electric Co., Ltd.
- General Electric Company
- Larsen & Toubro Limited
- Lsis Co., Ltd.
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Schneider Electric Se
- Siemens Ag
- Technical Control Systems, Ltd.
- Tesco Controls, Inc.
- Weg Sa
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Low Voltage Motor Control Centers Market, By Type
8 Low Voltage Motor Control Centers Market, By Component
9 Low Voltage Motor Control Centers Market, By End-User
10 Low Voltage Motor Control Centers Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/62rlb4/low_voltage_motor
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