Low Voltage Motor Control Centre Market is Expected to Grow at a CAGR of over 6.6% | During 2022-2028 | Vantage Market Research

Low Voltage Motor Control Centre Market by Type (Traditional MCC, Intelligent MCC), by End-User Industry (Oil and Gas, Metal and Mining, Power Generation, Automotive and Transportation, Chemicals and Petrochemicals, Water and Wastewater, Food and Beverages, LifeSciences, Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

According to Vantage market research the global Low Voltage Motor Control Centre market was valued at USD 4.5 Billion in 2020 and is projected to reach USD 7.5 Billion by 2028, growing at a CAGR of 6.6% from 2021 to 2028.

Key Findings and Insights from the report:

• The report presents the estimated CAGR of 6.6% size of the Low Voltage Motor Control Centre Market at the end of the forecast period.
• The Global Low Voltage Motor Control Centre market is predicted to reach a value of USD 7.5 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.

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A low voltage motor control center (LV-MCC) is an assembly of one or more enclosed sections containing a common power bus and primarily motor control units. LV-MCCs have been used by the automobile manufacturing industry since 1950 using a large number of electric motors.
Automation fuels productivity in an association and improves efficiency. Owing to this reason, most of the production houses and industries are inculcating it as an important part of their operations majorly owing to the latest advancements in technology.

Market Segmentation:

By Type:

• Traditional MCC
• Intelligent MCC

By End-User:

• Oil and Gas
• Metal and Mining
• Power Generation
• Automotive and Transportation
• Chemicals and Petrochemicals
• Water and Wastewater
• Food and Beverages
• LifeSciences
• Others

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COVID-19 Impact Analysis of Low Voltage Motor Control Centre Market:

When the Covid-19 pandemic began in China last year, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.

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The Low Voltage Motor Control Centre market regional level analysis:

• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)

List of Leading Players in the Global Low Voltage Motor Control Centre Market:

• Eaton Corporation PLC
• General Electric Company
• Rockwell Automation, Inc.
• Technical Control Systems, Ltd
• Lsis Co., Ltd.
• Fuji Electric Co., Ltd.
• H. Tesco Controls, Inc.
• ABB Ltd., Siemens AG
• Schneider Electric SE
• Mitsubishi Electric Corporation
• WEG SA
• Larsen & Toubro Limited.

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Reason for buying this Low Voltage Motor Control Centre Market Report:

• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Low Voltage Motor Control Centre s market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Low Voltage Motor Control Centre market and provides possible solutions to those problems.

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