Global Low Voltage Motor Control Center Market Overview:
As per MRFR analysis, the Low Voltage Motor Control Center Market Size was estimated at 16.36 (USD Billion) in 2022. The Low Voltage Motor Control Center Market Industry is expected to grow from 16.87 (USD Billion) in 2023 to 22.25 (USD Billion) by 2032. The Low Voltage Motor Control Center Market CAGR (growth rate) is expected to be around 3.12% during the forecast period (2024 - 2032).
Key Low Voltage Motor Control Center Market Trends Highlighted
In the industrial sector, as well as the manufacturing, power generation, and oil and gas industries, the increase in energy efficiency and automation are factors that are accelerating the growth of the Low Voltage Motor Control Center (MCC) market. This is due to increasing energy costs, which require reliable, efficient, and cost-effective motor control solutions for energy optimization and improved operational efficiency. Supplementing the reasons further, the booming smart motors control systems, incorporation of new technologies such as IoT and AI, and the increasing trend of automation in industrial processes provide favorable situations for the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Low Voltage Motor Control Center Market Drivers
Rising Demand for Energy Efficiency in Industrial Applications
The growing awareness of energy consumption and the need to reduce operating costs in industrial settings is driving the demand for energy-efficient solutions. Low voltage motor control centers (MCCs) play a crucial role in optimizing energy usage by efficiently managing and controlling the operation of electric motors. MCCs enable precise motor control, reducing energy wastage and improving overall system efficiency. As industries strive to meet sustainability goals and reduce their environmental footprint, the adoption of energy-efficient MCCs is expected to continue as a key market driver in the Low Voltage Motor Control Center Market Industry.
Advancements in Industrial Automation and Smart Manufacturing
Increased adoption of industrial automation and smart manufacturing practices is propelling the growth of the Low Voltage Motor Control Center Market Industry. MCCs are integral parts of automated production lines, enabling the remote monitoring, control, and optimization of motor operations. The applications of MCCs are increasingly being integrated with advanced sensors and communication technologies to allow the real-time collection and analysis of data, thereby facilitating enhanced process efficiency, minimization of downtime, and increased productivity.Owing to the increasing acceptance of Industry 4.0 concepts, the demand for MCCs that boast superior automation technology is expected to register a tremendous surge.
Growing Demand from Emerging Economies
Rapid industrialization and infrastructure development in emerging economies are creating significant opportunities for the industry. There is a considerable increase in the demand for reliable and efficient power distribution and control solutions. MCCs are an integral part of every sector as the robust, foolproof, and reliable technology proves to be extremely vital be it manufacturing, mining, construction, or any other industry. With emerging economies strengthening their industrial foothold, their demand for robust and efficient MCCs is poised to push the growth of these enterprisesregulated markets even further.
Low Voltage Motor Control Center Market Segment Insights:
Low Voltage Motor Control Center Market Category Insights
Category Segment Insights and Overview Motor Starters Motor starters accounted for the largest share in 2023, owing to the widely used in almost all industrial verticals, such as manufacturing, oil gas, mining, and others. The segment is projected to account for USD 5.6 billion in 2032, expanding at a CAGR of 3.2% until 2032. Variable Speed Drives (VSDs) The burgeoning demand from end-users, primarily in the oil gas, automotive, and construction industries, is the key factor that has propelled the variable speed drives segment. The VSDs segment is expected to grow at a CAGR of 4.1%, reaching USD 3.8 billion by 2032. Soft Starters Unlike traditional reduced-voltage starting methods, motor soft starters are designed to reduce the inrush current during the start-up of the electric motor, thereby protecting the motors and electrical systems. The segment is expected to expand at a CAGR of 3.5%, reaching USD 2.9 billion by 2032. Circuit Breakers Circuit breakers are important safety tools that prevent electrical systems from frequent current over-driving and shorting circuits. The segment is likely to grow at a CAGR of 3.0%, reaching USD 2.6 billion by 2032. Power Distribution Units The segment is projected to remain the second-largest in the low voltage motor control center market, reaching USD 2.2 billion by 2032 due to the efficient and reliable distribution of electricity. The segment is expected to grow at a CAGR of 2.8%, reaching USD 2.2 billion by 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Low Voltage Motor Control Center Market Application Insights
The Application segment of the Low Voltage Motor Control Center Market is divided into Process Industries, Infrastructure, Energy, Transportation, and Manufacturing. Process Industries was a leading segment in 2023, which took over 30% of the Low Voltage Motor Control Center Market revenue. The given condition is determined by the growth of demand for low voltage motor control centers. In the next few years, Process Industries will continue to develop and accept more low voltage motor control centers. These developments in Process Industries will be connected to such areas as oil and gas, chemicals, and pharmaceuticals.The Infrastructure segment will also be leading due to the growth of urbanization and a rise in different infrastructure developments around the world. The Energy segment will also develop steadily due to the growth of demand for energy-saving devices. The Transportation and Manufacturing segments will steadily grow at the lowest rate.
Low Voltage Motor Control Center Market Power Rating Insights
The power rating segment plays a pivotal role in the Low Voltage Motor Control Center Market, with distinct revenue contributions and market dynamics. Among the sub-segments, '0 to 500A' holds the largest market share due to its widespread use in small-scale industrial applications and residential buildings. The '501A to 1000A' segment follows closely, driven by demand from medium-sized industries and commercial complexes. The '1001A to 2000A' sub-segment caters to heavy-duty industrial applications, contributing significantly to overall market growth.The 'Above 2000A' segment, though smaller in size, represents high-power applications in sectors like mining and manufacturing. As industries continue to automate and energy efficiency regulations tighten, the demand for efficient motor control solutions is expected to drive steady growth in the power rating segment of the Low Voltage Motor Control Center Market in the coming years.
Low Voltage Motor Control Center Market Enclosure Type Insights
Enclosure type is a key segmentation factor in the Low Voltage Motor Control Center Market, influencing market growth. Indoor enclosures, designed for use in controlled environments, dominate the market with a revenue share of over 55% in 2023. Outdoor enclosures, suitable for harsh conditions, account for a significant share of the market, catering to industries such as mining, oil and gas, and construction. Explosion-proof enclosures, essential for hazardous environments, are expected to witness steady growth, driven by increasing safety regulations.Water-resistant enclosures, designed to withstand moisture and dust, are witnessing growing demand in various industrial settings.
Low Voltage Motor Control Center Market Mounting Type Insights
The Low Voltage Motor Control Center Market is segmented by Mounting Type into Wall-Mounted, Floor-Mounted, Bus-Mounted, and Panel-Mounted. Among these, the Wall-Mounted segment held the largest market share in 2023, accounting for over 35% of the Low Voltage Motor Control Center Market revenue. The Wall-Mounted segment is expected to continue its dominance throughout the forecast period, owing to its ease of installation and space-saving design. The Floor-Mounted segment is expected to witness the highest growth rate during the forecast period due to its increased adoption in large-scale industrial applications.The Bus-Mounted and Panel-Mounted segments are expected to experience moderate growth, driven by their compact design and flexibility in installation.
Low Voltage Motor Control Center Market Regional Insights
The Low Voltage Motor Control Center Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America currently holds the largest market share due to the presence of major industrial hubs and stringent safety regulations. However, the APAC region is expected to grow at the highest CAGR during the forecast period, driven by rapid industrialization and infrastructure development. Europe is another significant market, with a strong demand for energy-efficient and reliable solutions for industrial applications.South America and MEA are relatively smaller markets but offer growth potential due to increasing investments in infrastructure and manufacturing.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Low Voltage Motor Control Center Market Key Players And Competitive Insights:
Major players in the Low Voltage Motor Control Center Market industry are continuously developing new and innovative products to meet the changing needs of customers. Leading Low Voltage Motor Control Center Market players are also focusing on expanding their presence through acquisitions and partnerships. The Low Voltage Motor Control Center Market is expected to witness significant growth in the coming years due to increasing demand from various industries, such as power generation, manufacturing, and oil and gas. The market is also being driven by the growing adoption of smart grid technologies and the increasing need for energy efficiency.One of the leading companies in the Low Voltage Motor Control Center Market is Schneider Electric. Schneider Electric is a leader in the provision of energy management and automation solutions. The company has a wide range of Low Voltage Motor Control Center products, including motor starters, contactors, and overload relays. Schneider Electric is committed to providing its customers with high-quality and reliable products and services. The company has a strong presence and a well-established distribution network.A competitor company in the Low Voltage Motor Control Center Market is Eaton Corporation. Eaton Corporation is a provider of electrical products and services. The company has a wide range of Low Voltage Motor Control Center products, including motor starters, contactors, and overload relays. Eaton Corporation is committed to providing its customers with high-quality and reliable products and services. The company has a strong presence and a well-established distribution network. Eaton Corporation is expected to be a strong competitor in the Low Voltage Motor Control Center Market in the coming years.
Key Companies in the Low Voltage Motor Control Center Market Include:
- ABB
- Schneider Electric
- Crompton Greaves
- L Electrical Automation
- Socomec
- Yaskawa Electric Corporation
- Chint Group
- Danfoss
- Siemens
- Rockwell Automation
- Fuji Electric
- Eaton
- General Electric
- Mitsubishi Electric
- Phoenix Contact
Low Voltage Motor Control Center Market Industry Developments
The low voltage motor control center market size was valued at USD 13.69 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 3.12% from 2024 to 2032. Rising demand for energy-efficient solutions in various industries, increasing automation in manufacturing processes, and growing adoption of smart motor control systems are key factors driving market growth. Furthermore, government regulations mandating energy efficiency and the increasing use of renewable energy sources are expected to further boost market demand. Key industry participants include Schneider Electric, Siemens, ABB, Eaton, and Rockwell Automation, who are focusing on product innovation and strategic partnerships to gain a competitive edge.
Low Voltage Motor Control Center Market Segmentation Insights
- Low Voltage Motor Control Center Market Category Outlook
- Motor Starters
- Variable Speed Drives (VSDs)
- Soft Starters
- Circuit Breakers
- Power Distribution Units
- Low Voltage Motor Control Center Market Application Outlook
- Process Industries
- Infrastructure
- Energy
- Transportation
- Manufacturing
- Low Voltage Motor Control Center Market Power Rating Outlook
- 0 to 500A
- 501A to 1000A
- 1001A to 2000A
- Above 2000A
- Low Voltage Motor Control Center Market Enclosure Type Outlook
- Indoor
- Outdoor
- Explosion-Proof
- Water-Resistant
- Low Voltage Motor Control Center Market Mounting Type Outlook
- Wall-Mounted
- Floor-Mounted
- Bus-Mounted
- Panel-Mounted
- Low Voltage Motor Control Center Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
16.36 (USD Billion) |
| Market Size 2023 |
16.87 (USD Billion) |
| Market Size 2032 |
22.25 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.12% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
ABB, Schneider Electric, Crompton Greaves, L Electrical Automation, Socomec, Yaskawa Electric Corporation, Chint Group, Danfoss, Siemens, Rockwell Automation, Fuji Electric, Eaton, General Electric, Mitsubishi Electric, Phoenix Contact |
| Segments Covered |
Category, Application, Power Rating, Enclosure Type, Mounting Type, Regional |
| Key Market Opportunities |
Energy efficiency optimization Automation integration Industrial digitalization Smart grid development Renewable energy source adoption |
| Key Market Dynamics |
Rising demand from the industrial sector Increased focus on energy efficiency Growing adoption in smart factories Surge in construction activities Technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Low Voltage Motor Control Center Market was valued at USD 14.67 billion in 2022 and is projected to reach USD 20.64 billion by 2027, exhibiting a CAGR of 6.9% during the forecast period.
Asia Pacific is expected to dominate the Low Voltage Motor Control Center Market over the forecast period. The region's rapid industrialization and urbanization are driving the demand for low voltage motor control centers.
The key growth drivers of the Low Voltage Motor Control Center Market include the increasing adoption of automation in various industries, the rising demand for energy efficiency, and the growing need for reliable and efficient power distribution systems.
The key competitors in the Low Voltage Motor Control Center Market include Schneider Electric, Siemens, ABB, Eaton, and Rockwell Automation.
Low Voltage Motor Control Centers are used in a wide range of applications, including industrial automation, commercial buildings, and power generation facilities.
The Low Voltage Motor Control Center Market faces challenges such as the rising cost of raw materials, the intense competition from low-cost manufacturers, and the stringent regulatory requirements.
The latest trends in the Low Voltage Motor Control Center Market include the adoption of digital technologies, the increasing use of wireless communication, and the growing focus on energy efficiency.
The Low Voltage Motor Control Center Market is expected to exhibit a CAGR of 6.9% during the forecast period from 2024 to 2032.
The key factors driving the growth of the Low Voltage Motor Control Center Market include the increasing demand for energy efficiency, the growing adoption of automation in various industries, and the rising need for reliable and efficient power distribution systems.
The COVID-19 pandemic had a negative impact on the Low Voltage Motor Control Center Market in the short term. However, the market is expected to recover in the long term as the economy recovers from the pandemic.
