Low Voltage Motor Control Centre Market Outlook
According to a new report by Expert Market Research titled, “Low Voltage Motor Control Centre Market Growth, Share, Analysis, Report and Forecast 2023-2028″, the low voltage motor control centre market is projected to grow at a CAGR of 3.40% between 2023 and 2028. Aided by the escalating demand for industrial automation and the expanding applications of low voltage MCC in diverse sectors, the market is expected to grow significantly by 2028.
A low voltage motor control centre is a modular assembly to control and distribute power to electric motors. Low voltage MCCs find extensive applications across various sectors including oil and gas, water and wastewater, power, and manufacturing industries. These control centres are a fundamental part of power distribution, allowing for safe and efficient motor management, fault isolation, and process integration.
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The increasing trend of industrial automation is a primary driver of the global low voltage motor control centre market growth. The need to enhance operational efficiency, productivity, and safety has led to the surge in automation in industrial sectors, thereby driving demand for low voltage MCCs. These control centres streamline motor control, reduce downtime, and enable precise fault detection in automated processes.
Low voltage MCCs also find expanding applications in different industries, further fuelling the low voltage motor control centre market expansion. In the oil and gas industry, MCCs are crucial for controlling and managing the operations of electric motors, ensuring safety, and reducing maintenance costs. The water and wastewater sector utilises these control centres to manage pump operations efficiently. In the power sector, low voltage MCCs aid in power distribution and control of electric motors.
Moreover, advancements in technology have led to the emergence of intelligent MCCs, boosting the low voltage motor control centre market demand. Intelligent MCCs integrate communication technology, enabling remote monitoring and control of electric motors. This evolution enhances process efficiency and allows for predictive maintenance, reducing the risk of motor failure.
The low voltage motor control centre market growth is also stimulated by the increasing investment in infrastructure development, particularly in developing countries. The construction of new industrial units necessitates the installation of advanced motor control systems, leading to a rise in the demand for low voltage MCCs.
In the manufacturing industry, low voltage MCCs are essential for controlling various machines and reducing the risk of equipment damage, contributing to the low voltage motor control centre market expansion. The growth of the manufacturing sector, particularly in emerging economies, is expected to spur the demand for low voltage MCCs.
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Low Voltage Motor Control Centre Market Segmentation
The market can be divided based on type, end-user industry, and region.
Market Breakup by Type
- Traditional MCC
- Intelligent MCC
Market Breakup by End-User Industry
- Oil and Gas
- Metal and Mining
- Power Generation
- Automotive and Transportation
- Chemicals and Petrochemicals
- Water and Wastewater
- Food and Beverages
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global low voltage motor control centre companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Tesco Controls Inc.
- Mitsubishi Electric Corporation
- Allis Electric Co Ltd
- Eaton Corporation PLC
- Rockwell Automation Inc.
- Siemens AG
- ABB’s Electrification
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