DUBLIN, Feb. 19, 2024 /PRNewswire/ — The “Low Voltage Industrial Controls – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Low Voltage Industrial Controls Market to Reach $1.2 Billion by 2030
The global market for Low Voltage Industrial Controls estimated at US$780.7 Million in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Circuit Breakers, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$441.8 Million by the end of the analysis period. Growth in the Contactors & Relays segment is estimated at 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $212.5 Million, While China is Forecast to Grow at 6.9% CAGR
The Low Voltage Industrial Controls market in the U.S. is estimated at US$212.5 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$222 Million by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- An Introduction to Low Voltage (LV) Industrial Controls
- Circuit Breaker
- Contactors & Relays
- Motor Starters
- Thermal Overload Relays
- LV Industrial Controls: Current Market Scenario and Outlook
- World Low Voltage Industrial Controls Market by Application (2020 & 2027): Percentage Breakdown of Sales for Process Industry, Manufacturing, Transportation, Aerospace & Defense, and Other Applications
- Effects of the Pandemic
- Recent Market Activity
- While Developed Regions Lead the LV industrial control Adoption, Developing Regions Emerge as Hot Spots for Future Growth
- World Low Voltage Industrial Controls Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- World Low Voltage Industrial Controls Market – Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
- Analysis by Product Type: Circuit Breakers, the Largest Segment
- World Low Voltage Industrial Controls Market by Product (2020 & 2027): Percentage Breakdown of Sales for Circuit Breakers, Contactors & Relays, Motor Starters, Thermal Overload Relays, and Other Products
- Low Voltage Industrial Controls – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Process Industry & Manufacturing: Major End-Use Verticals
- Digital Transformation Drive to Accelerate Uptake
- Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
- Relevance in Aerospace & Defense Sector
- Global Airlines Performance by Region: 2020 Vs 2019
- With the Aviation Industry on the Brink of Annihilation, Aircraft Assembly Lines Will Take a Longer Time to Recover: Expected Revenue Losses in Global Aviation (In US$ Billion) for April, July & December 2020
- Global Fleet Size of Commercial Aircraft by Region (in Units) for the Years 2018 and 2038
- Automation Trends Favor Growth
- Industry 4.0 to Give Market Impetus
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- Low Voltage Sensor Technology for Easy Monitoring and Control of Energy Sources
- IoT Sensors Improve Functionality of Industrial Controls
- Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
- Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
- Increased Role of Automation in Automotive Industry Augurs Well
- World Automobile Production in Million Units: 2008-2022
- Sustained Emphasis on Workplace Safety in Mining Sector Bodes Well
- Technology Advancements to Give Impetus to Market Expansion in the Long-Term
FOCUS ON SELECT PLAYERS (Total 45 Featured)
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- General Electric Company
- Bharat Heavy Electricals Ltd.
- Kawasaki Heavy Industries Ltd.
- Hyosung Corporation
- Fuji Electric Co., Ltd.
- Powell Industries, Inc.
- Franklin Electric Co., Inc.
- Maxon Motor AG
- Chint Group
- Lucy Electric Ltd.
- Hyundai Electric & Energy Systems Co., Ltd.
- Menzel Elektromotoren GmbH
- MCI Transformer Corporation
For more information about this report visit https://www.researchandmarkets.com/r/2n76zi
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SOURCE Research and Markets
