Energy and Power Low Voltage Motor Control Centers Market

Low Voltage Motor Control Centers Market Insights and
Trends, Competitive Scenario with Growth Prospects To
2022
The report "Low Voltage Motor Control Centers Market by Type (Intelligent and
Conventional), End-User (Industrial and Commercial), Component (Busbars, Circuit
Breakers and Fuses, Overload Relays, VSDS, and Soft Starters), and Region - Global Forecast
to 2022", The low voltage motor control centers market is expected to grow from an estimated
value of USD 3.07 Billion in 2017 to USD 4.03 Billion by 2022, at a CAGR of 5.62% from 2017 to
2022. The global market is set to witness a significant growth due to the rising industrial
automation and increased use of low voltage electric motors across key industries.
Browse 95 Market Data Tables and 65 Figures spread through 172 Pages and in-depth TOC
on "Low Voltage Motor Control Centers Market - Global Forecast to 2022"
The conventional motor control centers segment is expected to hold the largest share of
the low voltage motor control centers market, by type, during the forecast period
The conventional motor control centers segment is expected to hold the major share in the low
voltage motor control centers market during the forecast period. The major advantages of
conventional motor control centers include a high level of safety, easy expansion and
modification, quick and smooth maintenance, and enhanced reliability and operability. Moreover,
in a conventional MCC, each unit is compartmentalized, which allows for more mounting space
for components and restrains potential faults in the individual unit. These advantages have
resulted in a higher market share for conventional motor control centers in the low voltage motor
control centers market.
The busbars segment accounts for the largest share in the low voltage motor control
centers market, by component, during the forecast period
The busbars segment is expected to be the largest market, by component, from 2017 to 2022. A
busbar is an aluminum or copper conductor supported by insulators that interconnect the loads
and the sources of power within an electric power system. Also, busbar is an alternative to
traditional cabling and provides numerous advantages to the installer and client, including
savings on space, time, and cost. All these factors are expected to drive the low voltage motor
control centers market in busbars segment.