The low-voltage motor control center market is estimated to be valued at US$ 4.6 billion in 2024. The low voltage motor control center market is predicted to rise at a CAGR of 8.1% from 2024 to 2034. The global low voltage motor control center market is anticipated to reach US$ 10 billion by 2034.
Low voltage motor control center (LV MCC) are essential for protecting and managing motors used in a variety of industrial settings, such as the mining, manufacturing, oil and gas, and automotive sectors. The need for LV MCCs with cutting-edge automation features is only increasing as businesses look to boost production, dependability, and efficiency.
For LV MCC producers, growing urbanization and industrialization in emerging economies-especially in Asia-Pacific, Latin America offer substantial development prospects. The demand for LV MCCs to serve growing industrial and commercial operations is driven by rising investments in infrastructure, manufacturing, and utilities.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | US$ 4.6 billion |
| Projected Market Value in 2034 | US$ 10 billion |
| Value-based CAGR from 2024 to 2034 | 8.1% |
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From 2019 to 2023, the low-voltage motor control center market experienced a CAGR of 10.2%.
The increasing industrialization and urbanization in regions such as the Asia-Pacific and Middle East and Africa, due to increased infrastructure investments, create opportunities for LV MCC market expansion.
Increasing technological advances and innovations in LV MCC design, including smart sensors and predictive maintenance capabilities, enhance reliability and operational efficiency.
Projections indicate that the global low voltage motor control center market is expected to experience a CAGR of 8.1% from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 10.2% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 8.1% |
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The table provided highlights the top five countries in terms of revenue, with Japan and South Korea leading the list. The demand for low voltage motor control centers in Japan and South Korea is driven by increased infrastructural development and energy efficiency initiatives.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 8.4% |
| The United Kingdom | 9.3% |
| China | 8.9% |
| Japan | 9.5% |
| South Korea | 10.3% |
The low-voltage motor control center market in the United States is expected to expand at a CAGR of 8.4% from 2024 to 2034. The country's growth is attributed to its industrial base, which includes manufacturing, oil and gas, automotive, pharmaceuticals, and food processing.
LV MCCs are needed to power a variety of motor-driven devices, HVAC systems, pumps, and other vital applications in infrastructure development projects like commercial buildings, data centers, transportation networks, and utilities.
The low voltage motor control center market in the United Kingdom is expected to expand with a CAGR of 9.3% from 2024 to 2034. LV MCCs are essential for controlling and managing industrial machinery and process motors, driving demand from these sectors.
The rising demand for LV MCCs in the country is driven by utilities, renewable energy projects, and transportation systems. For the purpose of powering machinery, pumps, and other crucial applications, these projects need dependable motor control solutions.
The low-voltage motor control center market in China is expected to expand at a CAGR of 8.9% from 2024 to 2034. Rapid industrialization and the growth of the manufacturing sector drive market demand in China.
Increasing investment in renewable energy, such as wind, solar, and power, is expected to create opportunities for low-voltage motor control centers to integrate and manage power distribution from renewable sources. The demand for these centers is high in the commercial and residential sectors.
Japan's low-voltage motor control center market is expected to expand at a CAGR of 9.5% from 2024 to 2034. Japan's advanced manufacturing industry requires high-quality LV MCCs for robotics, automation, and precision machinery. The nation's emphasis on technological advancement fuels the need for sophisticated motor control systems.
The growing aging infrastructure requires upgrades and replacements, leading to demand for modern LV MCCs with improved efficiency, safety, and reliability in Japan.
The low-voltage motor control center market in South Korea is expected to expand at a CAGR of 10.3% from 2024 to 2034. In South Korea, the demand for LV MCCs is required in a technology-driven economy for the production of semiconductors, automobiles, and electronics.
Infrastructure projects that power vital systems and equipment, such as smart cities, transit networks, and renewable energy installations, increase demand for LV MCCs in South Korea.
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The below section shows the leading segment. The conventional motor control centers segment is to rise at a CAGR of 7.9% from 2024 to 2034. Based on component, the busbars segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 7.7% from 2024 to 2034.
| Category | CAGR from 2024 to 2034 |
|---|---|
| Conventional Motor Control Centers | 7.9% |
| Busbars | 7.7% |
Based on the type, the conventional motor control centers segment is anticipated to thrive at a CAGR of 7.9% from 2024 to 2034. Conventional MCCs are more economical and attractive because of their affordability, particularly for projects with tight budgets or sectors with low capital investment requirements.
Conventional MCCs often have simpler designs and interfaces, technicians and engineers experienced with traditional control systems will find them easier to use and comprehend.
Based on the component, the busbars segment is anticipated to thrive at a CAGR of 7.7% from 2024 to 2034. Busbars provide highly efficient electric power distribution within low-voltage motor control centers. Compared to the traditional wiring method, busbars occupy less space.
Within LV MCC enclosures, busbars efficiently dissipate heat. Their design, which promotes better ventilation and heat distribution and helps keep electrical components at the ideal working temperature, gives them a longer lifespan than bundled cables.
Prominent companies make significant investments in R&D to create novel and distinctive LV MCC products. To keep up with changing consumer needs and industry trends, they concentrate on creating cutting-edge features.
The leading players in the market seek to expand their presence in key regional markets and capitalize on emerging opportunities in developing economies.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 4.6 billion |
| Projected Market Valuation in 2034 | US$ 10 billion |
| Value-based CAGR 2024 to 2034 | 8.1% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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As of 2024, the market for low voltage motor control center is expected to be valued at US$ 4.6 billion.
By 2034, the market value of low-voltage motor control center is expected to reach US$ 10 billion.
From 2024 to 2034, the low-voltage motor control center market is expected to flourish at a CAGR of 8.1%
The conventional motor control centers segment is expected to rise at a CAGR of 7.9% from 2024 to 2034.
South Korea is likely the top-performing markets, with a CAGR of 10.3%.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2024 to 2034 5.3.1. Conventional Motor Control Centers 5.3.2. Intelligent Motor Control Centers 5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component, 2024 to 2034 6.3.1. Busbars 6.3.2. Circuit Breakers & Fuses 6.3.3. Overload Relays 6.3.4. Variable Speed Drivers 6.3.5. Soft Starters 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-User 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-User, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-User, 2024 to 2034 7.3.1. Industrial 7.3.2. Commercial 7.4. Y-o-Y Growth Trend Analysis By End-User, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By End-User, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Type 9.2.3. By Component 9.2.4. By End-User 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Component 9.3.4. By End-User 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Type 10.2.3. By Component 10.2.4. By End-User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Component 10.3.4. By End-User 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Type 11.2.3. By Component 11.2.4. By End-User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Component 11.3.4. By End-User 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Type 12.2.3. By Component 12.2.4. By End-User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Component 12.3.4. By End-User 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Type 13.2.3. By Component 13.2.4. By End-User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Component 13.3.4. By End-User 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Type 14.2.3. By Component 14.2.4. By End-User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Component 14.3.4. By End-User 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Type 15.2.3. By Component 15.2.4. By End-User 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Type 15.3.3. By Component 15.3.4. By End-User 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Type 16.1.2.2. By Component 16.1.2.3. By End-User 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Type 16.2.2.2. By Component 16.2.2.3. By End-User 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Type 16.3.2.2. By Component 16.3.2.3. By End-User 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Type 16.4.2.2. By Component 16.4.2.3. By End-User 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Type 16.5.2.2. By Component 16.5.2.3. By End-User 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Type 16.6.2.2. By Component 16.6.2.3. By End-User 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Type 16.7.2.2. By Component 16.7.2.3. By End-User 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Type 16.8.2.2. By Component 16.8.2.3. By End-User 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Type 16.9.2.2. By Component 16.9.2.3. By End-User 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Type 16.10.2.2. By Component 16.10.2.3. By End-User 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Type 16.11.2.2. By Component 16.11.2.3. By End-User 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Type 16.12.2.2. By Component 16.12.2.3. By End-User 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Type 16.13.2.2. By Component 16.13.2.3. By End-User 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Type 16.14.2.2. By Component 16.14.2.3. By End-User 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Type 16.15.2.2. By Component 16.15.2.3. By End-User 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Type 16.16.2.2. By Component 16.16.2.3. By End-User 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Type 16.17.2.2. By Component 16.17.2.3. By End-User 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Type 16.18.2.2. By Component 16.18.2.3. By End-User 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Type 16.19.2.2. By Component 16.19.2.3. By End-User 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Type 16.20.2.2. By Component 16.20.2.3. By End-User 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Type 16.21.2.2. By Component 16.21.2.3. By End-User 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Type 16.22.2.2. By Component 16.22.2.3. By End-User 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2023 16.23.2.1. By Type 16.23.2.2. By Component 16.23.2.3. By End-User 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Type 17.3.3. By Component 17.3.4. By End-User 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Tesco Controls Inc 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Mitsubhishi Electric Corporation 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Allis Electric Co Ltd 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Weg SA 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Eaton Corporation PLC 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Rockwell Automation Inc 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Siemens AG 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
Industrial Automation
October 2023
REP-GB-18011
350 pages
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Low Voltage Motor Control Center Market
