Global Low Voltage Industrial Controls Industry Report 2024: Market to Reach $1.2 Billion by 2030 - Digital Transformation Drive to Accelerate Uptake
Tuesday, February 27, 2024
DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Low Voltage Industrial Controls - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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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