Low Voltage Motor Control Centers Forecast Report – Designed for Decision Makers and Product Teams
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What Is the Growth Rate of the Low Voltage Motor Control Centers Market?
Over the past few years, the market for low voltage motor control centers has seen substantial growth. The market size is projected to increase from $4.29 billion in 2024 to $4.60 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. This growth in the earlier period is due to several factors including the surge in shipbuilding and maritime sector activities, increased automation in farming and agriculture, a growing demand for water and wastewater treatment facilities, heightened emphasis on employee safety and equipment security, along with increased urbanization and smart city initiatives.
What Growth Rate Is Forecasted for the Low Voltage Motor Control Centers Market by 2029?
It is anticipated that the market size for low voltage motor control centers will experience considerable growth in the upcoming years, eventually reaching $6.04 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The elevation in the growth rate during the forecast period can be ascribed to the surging demand for digitized motor control solutions, growing adoption of cloud-based monitoring systems, a heightened focus on bespoke motor control solutions, increased investment in smart grids and microgrids, and a rising demand for modular and scalable motor control centers. Significant trends predicted for the forecast period encompass advances in predictive maintenance and remote diagnostics, enhanced applications of digital twins for optimizing motor control centers, eco-friendly and energy-efficient component innovations, the incorporation of wireless communication in control systems, and advancements in cybersecurity protocols for industrial motor control.
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Which Key Companies Are Shaping the Future of the Low Voltage Motor Control Centers Market?
Major companies operating in the low voltage motor control centers market are Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Larsen And Toubro Limited, CHINT Group Corporation, Eaton Corporation, Nidec Corporation, Legrand SA, Rockwell Automation Inc., Hyundai Electric And Energy Systems Co. Ltd., S And C Electric Company, Socomec Group S.A., Powell Industries Inc., Westinghouse Electric Corporation, TMEIC Corporation, Benshaw Inc., Elsteel (Pvt) Ltd.
Which Factors Are Driving Demand in the Low Voltage Motor Control Centers Industry?
The expected boost in the low-voltage motor control centers market is attributed to the growing emphasis on industrial automation. Industrial automation utilizes sophisticated technologies such as computers, control systems, and robots to supervise industrial processes, thereby enhancing efficiency and productivity while minimizing human involvement. The mounting adoption of industrial automation is a response to the escalating demand for higher operational efficiency and decreased operational costs in various industries. Low-voltage motor control centers take advantage of industrial automation by facilitating intelligent and efficient control of motors and equipment. This leads to a notable increase in reliability, reduced periods of downtime, and optimal energy usage in industrial processes. For example, the International Federation of Robotics (IFR), a non-profit organization based in Germany, reported in September 2024 that the UK saw a 51% rise in industrial robot installations, amassing 3,830 units. Meanwhile, the Americas installed over 50,000 units for the third year running, amounting to 55,389 units in 2023. As a result, the growing emphasis on industrial automation serves as a significant driving force behind the proliferation of the low-voltage motor control centers market.
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How Is the Low Voltage Motor Control Centers Market Segmented by Several Divisions?
The low voltage motor control centers market covered in this report is segmented –
1) By Type: Conventional Motor Control Center (MCC), Intelligent Motor Control Center (MCC)
2) By Component: Busbars, Circuit Breakers And Fuses, Overload Relays, Variable Speed Drives, Soft Starters, Other Components
3) By End-User: Oil And Gas, Metals And Mining, Power Generation, Automotive And Transportation, Chemicals And Petrochemicals, Water And Wastewater, Food And Beverages, Other End-Users
Subsegments:
1) By Conventional Motor Control Center (MCC): Direct-On-Line (DOL) Starters, Star-Delta Starters, Soft Starters, Auto-Transformer Starters
2) By Intelligent Motor Control Center (MCC): Network Communication Modules, Programmable Logic Controllers (PLCs), Smart Overload Relays, Human Machine Interfaces (HMIs)
What are the Emerging Market Trends Driving the Growth of the Low Voltage Motor Control Centers Industry?
Leading corporations in the low-voltage motor control centers market are concentrating on breakthrough technologies like intelligent product integration to boost real-time data availability, amplify operational productivity, decrease downtime, and perfect energy usage. The concept of smart product integration involves embedding connected devices and smart systems into motor control centers to enable real-time monitoring and predictive maintenance, thereby increasing efficiency and lowering downtime. For instance, in April 2024, Rockwell Automation Inc., an American automation firm, introduced the FLEXLINE 3500, a novel low-voltage motor control center (MCC) engineered to enhance productivity, reduce downtime, and refine energy effectiveness. This particular motor control center (MCC) combines real-time data and intelligent motor control devices, offering improved operation performance across a range of industries.
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Which Regions Are Driving Growth in the Low Voltage Motor Control Centers Market?
North America was the largest region in the low voltage motor control centers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low voltage motor control centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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1. How big is the low voltage motor control centers market, and how is it changing globally?
2. Who are the major companies in the low voltage motor control centers market, and how are they performing?
3. What are the key opportunities and risks in the low voltage motor control centers market right now?
4. Which products or customer segments are growing the most in the low voltage motor control centers market?
5. What factors are helping or slowing down the growth of the low voltage motor control centers market?
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