Low Voltage Motor Control Center Market

Low Voltage Motor Control Center Market, By Type (Traditional MCC, Intelligent MCC), By End User Vertical (Oil and Gas, Metal and Mining, Power Generation, Automotive and Transportation, Chemicals and Petrochemicals, Water and Wastewater, Food and Beverage, and Life Sciences, Other End user Industries), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

A Low Voltage Motor Control Center (LVMCC) is a system that provides electrical motor control, automation, and power distribution. These units are used in many industrial processes such as oil and gas refineries, manufacturing plants, and more. One of the most common uses for a motor control center is to control the starting and stopping of industrial machines. This can protect the machine, materials, and operator. Another way to prevent malfunctions and damage is to complete routine maintenance on the system. This can extend the equipment’s life span and eliminate safety hazards.

Several organizations develop standards for the design, construction, and application of motor control centers. These standards are designed to reduce the likelihood of arcing faults and other electrical hazards from occurring during the operation of these units. These types of centers can be installed in a wide range of industries, from oil and gas to cement, water and wastewater, and power generation.

Market Dynamics:

The global Low Voltage Motor Control Center market is mainly driven by increased automation across different industries. This has resulted in increased productivity. In turn, this has led to the increasing use of Low Voltage Motor Control Centers.

However, reduction in mining activities in Asia Pacific, and slow growth of oil and gas industry are the major factors expected to hamper growth of the global low voltage motor control center market during the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global low voltage motor control center market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global low voltage motor control center market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Tesco Controls Inc., ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Allis Electric Co. Ltd., Siemens AG, Weg SA, Rockwell Automation Inc., and Eaton Corporation PLC
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global low voltage motor control center market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global low voltage motor control center market

Detailed Segmentation:

• Global Low Voltage Motor Control Center Market, By Type

Traditional MCC

Intelligent MCC

• Global Low Voltage Motor Control Center Market, By End User Vertical

Oil and Gas

Metal and Mining

Power Generation

Automotive and Transportation

Chemicals and Petrochemicals

Water and Wastewater

Food and Beverage

Life Sciences

Other End user Industries

• Global Low Voltage Motor Control Center Market, By Geography

North America

Europe and Middle East & Africa

Asia Pacific

Latin America

• Company Profiles:

ABB Ltd

Schneider Electric SE

Siemens AG

Rockwell Automation Inc.

Eaton Corporation PLC

Weg SA

Allis Electric Co. Ltd

Mitsubishi Electric Corporation

Tesco Controls Inc.