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% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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% |
Principal Consultant
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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 |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
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
Explore Industrial Automation Insights
View Reports
Low Voltage Motor Control Center Market
