According to a new report published by Transparency Market Research, the global low voltage motor control market will witness a strong growth during 2017-2025, owing to the rising need for power from organizations across various industries.
Control centers are consoles used to monitor the power operations of various electric motors. Power is intricately dispersed across different commercial and industrial longitudes, which makes it incumbent to have an organized system in-place to control the entire power setup. A low voltage control center then enters as solution by integrating numerous electric motors that perform different functions in an industrial unit.
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The growth of the global low voltage control center is ascribed to the dire need to control power across every industrial sector. Based on the type, the global market for the low voltage control center is divided into low voltage motor control center and medium voltage motor control center. These control centers allow users to customize the control of their energy sources as per the industrial needs. This in return offers ease to the users, thereby driving the demand within the market.
Furthermore, the report mentions another major factor driving the global low voltage motor control center market is automation. Automation across all industries enhances the efficiency of human resource and drives productivity in an organization. As a result, many industries and production houses are instilling automation as a productive part of their operations. This prevalence of automation across the industries increases demand for various electric motors to generate power, thereby propelling the growth of the low voltage motor control center market.
Collective efforts are being made by governments, business enterprises, and stakeholders to enhance the efficiency of production plants across the globe. Low voltage motor control center offers a great solution to this proposition by cutting-down the expenditure suffered due to heavy-voltage controls. Numerous end-use industries have already started to include the control centers in their operations, which will become a commendable revenue for the market.
On the basis of regional perspective, the global low voltage motor control center market is divided into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Amongst these, Asia Pacific region has held a majority of the market share in the past few years and the same pattern is expected to be followed. Major countries in Asia Pacific, especially like China and India, are predicted to dominate the low voltage motor control center market. The main reasons behind the anticipated growth in these countries include industrialization projects and the rising power generation capacity.
The established market players are focusing on tapping the market potential that rests in the middle-income or developing economies. The major market players are included in this report and those are Siemens (Germany), Rockwell Automation (U.S.), ABB (Switzerland), Eaton (Ireland), General Electric (U.S.), and Schneider Electric (France).
Global Low Voltage Motor Control Centers Market, by product type
- Low Voltage Motor Control Centers
- Medium Voltage Motor Control Centers
Global Low Voltage Motor Control Centers Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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