Market Overview:
The global LV switchgears and motor control centers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient solutions and the growing need for automation in industries. The global LV switchgears and motor control centers market is segmented by type, application, and region. By type, the market is divided into indoor and outdoor switchgear/motor control centers. Indoor switchgear/motor control center dominates the global LV switchgears and motor control center market due to their compact size, easy installation, low maintenance cost, and safety features such as arc flash protection. By application, commercial sector accounts for majority of share in terms of revenue followed by industries sector owing to rising demand from these sectors across different regions worldwide.
Product Definition:
Switchgear is a general term for equipment that switches or isolates electrical power. It is used to protect electrical circuits and equipment from overloads and faults. A motor control center (MCC) is a self-contained switchgear assembly designed to control the starting, stopping, and reversing of electric motors. MCCs are typically used in industrial applications where multiple motors are operated from a single source of power.
Indoor:
Indoor is the part of the electromagnetic spectrum between 10 kHz and 100 MHz. It's used in various applications such as wireless sensor networks, mobile ad-hoc networks, and indoor positioning systems. Indoor localization uses radio frequency identification (RFID) or Wi-Fi to determine a location on a map.
Outdoor:
Outdoor is the portion of an electric power system that is exposed to atmosphere. It includes transmission and distribution equipment, transformers, generators, motors/generators and switchgears. The outdoor segment has witnessed a rapid growth in the past few years owing to growing demand for electricity along with rising focus on energy efficiency.
Application Insights:
The industries application segment accounted for the largest share of over 30.0% in 2017. The growing demand for motor control centers from various industrial applications including oil & gas, power generation, and manufacturing is expected to drive the global market growth over the forecast period.
Industrial automation has been gaining significant traction in recent years owing to its benefits such as increased production rates with fewer workers and improved safety along with it. Moreover, increasing investments by governments across various regions to enhance infrastructure development are likely to boost industry growth further.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in smart grid and other initiatives pertaining to power infrastructure development. Europe accounted for a significant share of revenue in 2017 owing to growing demand for motor control centers from several industries, such as agriculture, utilities, and others.
Asia Pacific is expected witness lucrative growth over the projected period owing to rising industrialization across various sectors including manufacturing, oil & gas exploration & production (E&P), electricity generation/distribution among others In developing economies like India.
Growth Factors:
- Increasing demand for energy efficient and reliable power transmission and distribution systems
- Rapid industrialization and urbanization in developing countries
- Growing investments in renewable energy sources
- Proliferation of smart grids and microgrids
- Development of next-generation technologies for LV switchgears and motor control centers
Scope Of The Report
Report Attributes
Report Details
Report Title
LV Switchgears and Motor Control Centers Market Research Report
By Type
Indoor, Outdoor
By Application
Commercial, Industries, Agriculture, Residential, Utilities, Others
By Companies
Rockwell Automation, ABB, Siemens, Schneider Electric, Eaton, Fuji Electric, WEG, Mitsubishi Electric, Larsen & Toubro, Vidhyut Electric, TES, Rittal, Technical Controls, Tesco Control, LSIS, WEG SA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global LV Switchgears and Motor Control Centers Market Report Segments:
The global LV Switchgears and Motor Control Centers market is segmented on the basis of:
Types
Indoor, Outdoor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industries, Agriculture, Residential, Utilities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rockwell Automation
- ABB
- Siemens
- Schneider Electric
- Eaton
- Fuji Electric
- WEG
- Mitsubishi Electric
- Larsen & Toubro
- Vidhyut Electric
- TES
- Rittal
- Technical Controls
- Tesco Control
- LSIS
- WEG SA
Highlights of The LV Switchgears and Motor Control Centers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Indoor
- Outdoor
- By Application:
- Commercial
- Industries
- Agriculture
- Residential
- Utilities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LV Switchgears and Motor Control Centers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LV Switchgears and Motor Control Centers are two types of electric vehicles charging infrastructure. LV Switchgears are a type of electric vehicle charging station that can handle multiple chargers simultaneously. Motor Control Centers are the control center for an entire fleet of electric vehicles.
Some of the major players in the lv switchgears and motor control centers market are Rockwell Automation, ABB, Siemens, Schneider Electric, Eaton, Fuji Electric, WEG, Mitsubishi Electric, Larsen & Toubro, Vidhyut Electric, TES, Rittal, Technical Controls, Tesco Control, LSIS, WEG SA.
The lv switchgears and motor control centers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LV Switchgears and Motor Control Centers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LV Switchgears and Motor Control Centers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LV Switchgears and Motor Control Centers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LV Switchgears and Motor Control Centers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LV Switchgears and Motor Control Centers Market Size & Forecast, 2018-2028
4.5.1 LV Switchgears and Motor Control Centers Market Size and Y-o-Y Growth
4.5.2 LV Switchgears and Motor Control Centers Market Absolute $ Opportunity
Chapter 5 Global LV Switchgears and Motor Control Centers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LV Switchgears and Motor Control Centers Market Size Forecast by Type
5.2.1 Indoor
5.2.2 Outdoor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LV Switchgears and Motor Control Centers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LV Switchgears and Motor Control Centers Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industries
6.2.3 Agriculture
6.2.4 Residential
6.2.5 Utilities
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LV Switchgears and Motor Control Centers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LV Switchgears and Motor Control Centers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LV Switchgears and Motor Control Centers Analysis and Forecast
9.1 Introduction
9.2 North America LV Switchgears and Motor Control Centers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LV Switchgears and Motor Control Centers Market Size Forecast by Type
9.6.1 Indoor
9.6.2 Outdoor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LV Switchgears and Motor Control Centers Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industries
9.10.3 Agriculture
9.10.4 Residential
9.10.5 Utilities
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LV Switchgears and Motor Control Centers Analysis and Forecast
10.1 Introduction
10.2 Europe LV Switchgears and Motor Control Centers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LV Switchgears and Motor Control Centers Market Size Forecast by Type
10.6.1 Indoor
10.6.2 Outdoor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LV Switchgears and Motor Control Centers Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industries
10.10.3 Agriculture
10.10.4 Residential
10.10.5 Utilities
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LV Switchgears and Motor Control Centers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LV Switchgears and Motor Control Centers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LV Switchgears and Motor Control Centers Market Size Forecast by Type
11.6.1 Indoor
11.6.2 Outdoor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LV Switchgears and Motor Control Centers Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industries
11.10.3 Agriculture
11.10.4 Residential
11.10.5 Utilities
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LV Switchgears and Motor Control Centers Analysis and Forecast
12.1 Introduction
12.2 Latin America LV Switchgears and Motor Control Centers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LV Switchgears and Motor Control Centers Market Size Forecast by Type
12.6.1 Indoor
12.6.2 Outdoor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LV Switchgears and Motor Control Centers Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industries
12.10.3 Agriculture
12.10.4 Residential
12.10.5 Utilities
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LV Switchgears and Motor Control Centers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LV Switchgears and Motor Control Centers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LV Switchgears and Motor Control Centers Market Size Forecast by Type
13.6.1 Indoor
13.6.2 Outdoor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LV Switchgears and Motor Control Centers Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industries
13.10.3 Agriculture
13.10.4 Residential
13.10.5 Utilities
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LV Switchgears and Motor Control Centers Market: Competitive Dashboard
14.2 Global LV Switchgears and Motor Control Centers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rockwell Automation
14.3.2 ABB
14.3.3 Siemens
14.3.4 Schneider Electric
14.3.5 Eaton
14.3.6 Fuji Electric
14.3.7 WEG
14.3.8 Mitsubishi Electric
14.3.9 Larsen & Toubro
14.3.10 Vidhyut Electric
14.3.11 TES
14.3.12 Rittal
14.3.13 Technical Controls
14.3.14 Tesco Control
14.3.15 LSIS
14.3.16 WEG SA
