Low Voltage Industrial Controls

Low Voltage Industrial Controls

Global Low Voltage Industrial Controls Market to Reach US$1.2 Billion by 2030

The global market for Low Voltage Industrial Controls estimated at US$816.5 Million in the year 2023, is expected to reach US$1.2 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2023-2030. Circuit Breakers, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$441.8 Million by the end of the analysis period. Growth in the Contactors & Relays segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$221.2 Million While China is Forecast to Grow at 7.0% CAGR

The Low Voltage Industrial Controls market in the U.S. is estimated at US$221.2 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$222.0 Million by the year 2030 trailing a CAGR of 7.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Global Low Voltage Industrial Controls Market - Key Trends & Drivers Summarized

Low voltage industrial controls are essential components in the operation and automation of industrial machinery and processes. These controls include a range of devices such as motor starters, contactors, relays, circuit breakers, and programmable logic controllers (PLCs), all designed to operate at voltages typically below 1000 volts. They play a crucial role in managing and protecting electrical equipment, ensuring safe and efficient operation of industrial systems. Low voltage controls are used to start, stop, regulate, and monitor motors, conveyors, pumps, and other machinery, providing critical oversight and automation capabilities that enhance productivity and safety in manufacturing, processing, and other industrial environments.

Technological advancements have significantly improved the functionality and integration capabilities of low voltage industrial controls. Modern PLCs and motor drives now incorporate advanced features such as real-time data monitoring, predictive maintenance capabilities, and enhanced connectivity options including Ethernet and wireless communication. These innovations enable seamless integration with broader industrial automation systems and IoT platforms, facilitating smarter, more responsive manufacturing processes. Additionally, the development of more efficient and compact designs has allowed for easier installation and maintenance, reducing downtime and operational costs. The use of sophisticated software interfaces and human-machine interfaces (HMIs) has also enhanced user interaction with control systems, making it easier to program, monitor, and troubleshoot industrial processes.

The growth in the low voltage industrial controls market is driven by several factors. The increasing adoption of automation in manufacturing and other industrial sectors is a primary driver, as companies seek to improve efficiency, productivity, and safety. The rise of Industry 4.0 and the integration of IoT technologies have further fueled demand for advanced low voltage controls that can support smart manufacturing initiatives. Additionally, the growing focus on energy efficiency and sustainability has led to the development of controls that optimize power usage and reduce waste. Regulatory requirements and safety standards also necessitate the use of reliable low voltage controls to ensure compliance and protect both equipment and personnel. The expanding industrial base in emerging economies, coupled with investments in infrastructure and technological advancements, has created significant opportunities for market growth. These factors collectively contribute to the robust expansion of the low voltage industrial controls market, highlighting their critical role in modern industrial operations.

Select Competitors (Total 45 Featured) -

• Honeywell International, Inc.
• Mitsubishi Electric Corporation
• General Electric Company
• Bharat Heavy Electricals Ltd.
• Kawasaki Heavy Industries Ltd.
• Hyosung Corporation
• Fuji Electric Co., Ltd.
• Powell Industries, Inc.
• Franklin Electric Co., Inc.
• Maxon Motor AG
• Chint Group
• Lucy Electric Ltd.
• Hyundai Electric & Energy Systems Co., Ltd.
• Menzel Elektromotoren GmbH
• MCI Transformer Corporation

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