#Low Voltage Motor Control Center Market Forecast

[cmipooja]

Global Low Voltage Motor Control Center Market Is Estimated To Witness High Growth Owing To Increasing Industrial Automation

The global Low Voltage Motor Control Center market is estimated to be valued at US$ 3,807.5 million in 2022 and is expected to exhibit a CAGR of 7.17% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Low Voltage Motor Control Centers are electrical distribution panels used for controlling, protecting, and monitoring low voltage motors in industrial processes. These motor control centers provide a centralized platform for motor control and protection, which enhances operational efficiency and reduces downtime. The need for motor control centers arises from the advantages they offer, including simplified wiring, improved safety, easier maintenance, and reduced energy consumption. Market Key Trends: One key trend observed in the global Low Voltage Motor Control Center market is the increasing adoption of industrial automation. Industrial automation involves the use of advanced technologies to streamline industrial processes, improve efficiency, and reduce errors. The integration of Low Voltage Motor Control Centers in automated systems enables seamless control, remote monitoring, and efficient management of motors across different industries. For example, in the automotive industry, motor control centers play a crucial role in controlling the assembly line motors, conveyor belts, and robotic arms, ensuring smooth operations and increased productivity. PEST Analysis: Political: The political landscape plays a significant role in shaping the growth of the Low Voltage Motor Control Center market. Government regulations, policies, and initiatives promoting industrial automation and energy efficiency drive the demand for motor control centers. Economic: Economic factors such as GDP growth, industrial development, and investment in infrastructure impact the market. Growing economies with expanding industrial sectors create opportunities for low voltage motor control center manufacturers. Social: Increasing awareness about energy conservation and sustainability has led to a shift towards energy-efficient solutions. Low voltage motor control centers offer energy savings and contribute to a greener environment, aligning with the social preferences. Technological: Technological advancements, such as the integration of IoT, cloud computing, and data analytics, have transformed the motor control center landscape. Smart motor control centers provide real-time monitoring, predictive maintenance, and remote control capabilities, enhancing operational efficiency. Key Takeaways: Paragraph 1: The Global Low Voltage Motor Control Center Market Demand is expected to witness high growth, exhibiting a CAGR of 7.17% over the forecast period. This growth can be attributed to the increasing adoption of industrial automation. Motor control centers play a vital role in achieving efficient control and management of motors in automated systems. Paragraph 2: In terms of regional analysis, Asia Pacific is the fastest growing and dominating region in the Low Voltage Motor Control Center market. The region's rapid industrialization, increasing investment in infrastructure, and growing manufacturing sectors drive the demand for motor control centers. Furthermore, favorable government policies supporting industrial automation and energy efficiency contribute to market growth in this region. Paragraph 3: Key players operating in the global Low Voltage Motor Control Center market include Tesco Controls Inc., ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Allis Electric Co. Ltd., Siemens AG, Weg SA, Rockwell Automation Inc., and Eaton Corporation PLC. These players focus on product innovation, strategic collaborations, and geographic expansion to gain a competitive edge in the market.

[energyandpowertrends]

Power Device Analyzer Market Forecast: Exploring Future Opportunities and Challenges

The Power Device Analyzer Market size was valued at USD 497.41 million in 2023 and is expected to grow to USD 756.2 million by 2031 with a growing CAGR of 5.4% over the forecast period of 2024–2031.

Market Overview

Power device analyzers are critical tools for measuring electrical parameters, including voltage, current, power, harmonics, and efficiency across a variety of devices and systems. They are essential for the development, testing, and quality control of power devices, which is increasingly important given the rise in renewable energy systems, electric vehicles (EVs), and industrial automation. The growing focus on energy efficiency and carbon reduction in power systems further accelerates the demand for reliable device analyzers.

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Key Market Drivers

Increased Adoption of Renewable Energy: As global power systems integrate higher levels of renewable energy, analyzers play a crucial role in monitoring the efficiency and reliability of power electronics involved in these systems.

Rising Demand for Electric Vehicles: The growth in EVs boosts demand for power device analyzers in R&D and manufacturing processes, as testing the efficiency of batteries, inverters, and chargers is critical for industry advancement.

Industrial Automation Growth: Automation requires precise power measurement tools, especially as industries rely more on variable-frequency drives (VFDs), motors, and automation controllers, which need accurate power monitoring for efficient operation.

Advancements in Power Electronics: As power electronics become more sophisticated, with components like MOSFETs, IGBTs, and SiC/GaN devices, precise analyzers are required to support efficient design and testing.

Increased Focus on Energy Efficiency: Industries are prioritizing energy-efficient practices to cut costs and reduce carbon footprints, driving the demand for accurate device analyzers.

Market Segmentation

The power device analyzer market is segmented by type, current range, application, and region.

By Type

Benchtop Analyzers: Primarily used in research laboratories, benchtop analyzers offer high precision and are commonly utilized for detailed testing of power electronics and devices.

Portable Analyzers: Designed for field applications, portable analyzers are compact and ideal for on-site testing and maintenance of electrical systems in industries and utilities.

By Current Range

Low-Range (<1A): Suited for small devices, such as consumer electronics and low-power applications.

Mid-Range (1A–100A): Suitable for medium-sized equipment, including some renewable energy and industrial automation applications.

High-Range (>100A): Primarily used for large industrial systems and high-power applications, including electric vehicle components and power utilities.

By Application

Automotive: In the automotive sector, especially within EV production, analyzers help ensure components such as batteries, converters, and motors meet efficiency standards.

Energy & Power: Analyzers are widely used for renewable energy systems, power generation, and transmission infrastructure.

Telecommunications: For telecom, analyzers help monitor energy consumption and efficiency in data centers and network infrastructure.

Consumer Electronics: Essential for testing the power efficiency and compliance of electronic devices.

Industrial: In manufacturing, analyzers are critical for the accurate measurement of machinery power consumption, aiding in process optimization.

Regional Analysis

North America: The region holds a significant market share, driven by advancements in automotive technology, renewable energy adoption, and extensive R&D activities. The U.S. and Canada are major contributors, focusing on energy efficiency and smart grid technology.

Europe: Europe’s stringent energy efficiency standards, combined with growing EV adoption and renewable energy projects, drive the demand for power device analyzers. Countries like Germany, France, and the U.K. are leading in smart power management systems.

Asia-Pacific: Home to a large manufacturing base, Asia-Pacific is witnessing rapid growth in the power device analyzer market. China, Japan, and South Korea are key players, driven by industrial automation and investments in renewable energy projects.

Middle East & Africa: Increased investment in renewable energy and infrastructure projects boosts the demand for power analyzers, particularly in countries like the UAE and South Africa.

Latin America: Growth in the industrial sector and increasing demand for reliable power infrastructure create opportunities for power device analyzers, with Brazil and Mexico leading the region’s growth.

Current Market Trends

Smart Grid and IoT Integration: Analyzers are increasingly used in smart grid applications, where IoT integration enhances remote monitoring and control capabilities, allowing for efficient grid management.

Focus on SiC and GaN Technologies: As SiC and GaN technologies gain traction in power electronics, especially in high-efficiency applications, analyzers are required for precise testing of these components.

Enhanced Features for Real-Time Data Analysis: Modern analyzers offer real-time monitoring and data analysis, enabling quick identification and resolution of power inefficiencies in systems.

Increased R&D Investment: Major manufacturers are investing heavily in R&D to improve the accuracy, portability, and ease of use of analyzers, expanding their application scope.

Regulatory Compliance for Energy Efficiency: As governments worldwide push for higher energy standards, the role of analyzers in ensuring compliance is essential for various industries.

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Challenges

High Equipment Costs: Precision power device analyzers are often costly, limiting their adoption among small and medium-sized enterprises.

Technical Complexity: The operation of advanced analyzers requires skilled technicians, which can be a barrier for some industries.

Market Competition: With multiple players in the market, companies face pressure to innovate continually and maintain competitive pricing.

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[bizworldinsights]

Automotive Relay 

The Automotive Relay market is estimated to surpass US$ 13,103 million in 2019, demonstrating a robust Compound Annual Growth Rate (CAGR) of 5.7% between 2018 and 2028.

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Automotive relays are integral components present in nearly every motor vehicle, serving the purpose of enabling a low amperage circuit to switch on or off a higher amperage circuit. The escalating demand for automotive relays worldwide is fueled by the increased sales of automobiles and a significant replacement rate. In modern vehicles equipped with intricate electronic components, the demand for relays has surged, especially for switching purposes. Moreover, technological advancements and the rise of electric vehicles are expected to contribute to the growth of the automotive relay market. Consequently, the number of relays per automotive vehicle is anticipated to increase during the forecast period.

The industry landscape is characterized by numerous small and midsize players, with manufacturing operations typically situated in proximity to automotive hubs. A substantial concentration of these companies can be found in the East belt of China and Southeast Asia.

Automotive Relay Market Value Analysis, By Product Type

Printed circuit board (PCB) relays claimed the highest revenue share in 2017. PCB relays are extensively used across various automotive vehicles due to their capacity to switch currents up to 200A for system voltage up to 24V. These relays find applications in ABS braking systems, headlights, engine control, blower, and cooling fans. PCB relays are projected to register a CAGR of 4.9% during the forecast period, presenting a significantly higher revenue opportunity by 2028.

Plugin relays contributed to less than 34% of the global market share. Their pivotal role is observed in automotive systems where the handling of high temperatures and voltage fluctuations is required.

Global Automotive Relay Market Size and Forecast: Regional Analysis

Asia Pacific commanded a 46% share of the global automotive relay market in 2017. The region boasts a multitude of automotive production centers, notably in China, Japan, and India. The favorable environment for players is attributed to the increasing demand for e-fuse, coupled with the easy availability of raw materials and cost-effective labor. Asia Pacific remains at the forefront due to the sheer size of its production facilities.

Following closely is Western Europe, primarily driven by heightened automotive production in Germany and the UK. In 2017, Germany and the UK collectively accounted for 53% of total global sales.

Global Automotive Relay Market Size and Forecast: Competition Landscape

Key Players:

ABB Ltd.

Denso

Nippon-Aleph

Fujitsu

Idec Corporation

Littelfuse Inc.

Daesung Electric

Eaton

Omron Corporation

Sharp Corporation

TE Connectivity

NEC Corporation

Industry Segmentation

By Vehicle Type:

Gasoline-Based Vehicles

Economical

Commercial

Passenger

Mid-level

Commercial

Passenger

SUV

Premium

Luxury

Electric Vehicles

Premium

Luxury

SUV

Economical

Solar Vehicles

By Product Type:

PCB Relay

Plug-in Relay

By Application Type:

Powertrain Systems

Body and Chassis

Safety and Security

Convenience

Driver Information

[freeblizzardgoatee]

The Global Automotive Wiring Harness Market Is Estimated To Witness High Growth Owing To Rising Automotive Production

The automotive wiring harness is a complex network of cables and connectors that transmit signals or power various electronic components in a vehicle. It is a vital component in automobiles as it connects different electronic control units and sensors together, enabling them to communicate with each other. Wiring harnesses are used in engine management systems, airbags, power windows, infotainment systems, and emissions control units among others. With growing vehicular electrification and integration of advanced driver-assistance systems, wiring harnesses are becoming increasingly complex with more wires and varied materials. The global automotive wiring harness market is estimated to be valued at US$ 54.2 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: Rising automotive production is a key driver for growth of the automotive wiring harness market. According to the International Organization of Motor Vehicle Manufacturers, global vehicle production increased from around 88.8 million units in 2016 to over 90 million units in 2018. Developing economies such as India and China are leading this growth in automotive production. As wiring harnesses are considered a basic necessity in vehicles, their demand rises in tandem with growing vehicle production trends worldwide. The increasing use of electric and hybrid vehicles is also fueling demand for advanced wiring harnesses. Electric vehicles (EVs) have significantly complex wiring architectures as compared to conventional vehicles due to additional components such as high-voltage batteries and electric powertrain systems. Wiring harnesses for EVs need thicker, heavier gauge wires to carry higher currents. They also demand protective casings, grommets and boots to insulate live circuits. This has opened lucrative opportunities for wiring harness manufacturers to develop cutting-edge products tailored for EVs and hybrid vehicles. SWOT Analysis Strength: The automotive wiring harness market is well established with advancements in technology and manufacturing capabilities. Standardization of components allows for mass production and economies of scale. Favorable government regulations towards eco-friendly vehicles also promote the adoption of advanced wiring systems. Weakness: Frequent changes in vehicle technology and design pose challenges related to retrofitting and upgrading existing wiring systems. High manufacturing costs and complex quality checks increase the prices of premium and customized harnesses. Opportunity: Growing electric vehicle sales open up opportunities to design smarter and more efficient wiring systems optimized for low voltage circuits. Rising demand for autonomous and connected vehicles motivates innovations in data transfer capabilities and cybersecurity features. Threats: Stiff competition from local manufacturers increases pricing pressures. Fluctuations in raw material costs can impact profit margins. Disruptions due to trade conflicts or public health crises hamper automotive production schedules. Key Takeaways The Global Automotive Wiring Harness Market Share is expected to witness high on account of increasing vehicle production worldwide as well as technological advancements in connectivity and electrification. The global automotive wiring harness market is estimated to be valued at US$ 54.2 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030.

Regional analysis: Asia Pacific has emerged as both the largest producer and consumer of automobiles globally. China, India, Japan, and South Korea are viewed as dominant automotive manufacturing centers as well as high growth national markets. With ongoing industrialization and rising incomes, vehicle ownership in the region is expected to steadily rise. Key players: Key players operating in the automotive wiring harness market are Yazaki Corporation, Sumitomo Electric Industries, Delphi Automotive, Lear Corporation, Furukawa Electric, THB Group, Leoni AG, Samvardhana Motherson, Nexans, and PKC Group. These companies have extensive regional networks and collaborate with automakers to innovate wiring systems and upgrade connectivity features.

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Automotive Wiring Harness Market, Automotive Wiring Harness Market Analysis, Automotive Wiring Harness Market Size, Automotive Wiring Harness Market Demand, Automotive Wiring Harness Market Growth

[reserchnester-blog]

Low Voltage Motor Control Centers Market Analysis

The global low voltage motor control centers market is estimated to garner a revenue of ~ USD 9 billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.

[enchantingvoid]

Molded Case Circuit Breakers Market Trends and Dynamic Demand by 2030

Global Molded Case Circuit Breakers Market: Snapshot 

The global molded case circuit breakers market is forecasted to be extensively advantaged by rising applications in key projects such as the largest floating photovoltaic power plant test-bed in the world. This 1 MW floating photovoltaic power plant test-bed in Singapore measuring 1 ha will feature ABB technologies, including low-voltage molded case and miniature circuit breakers to guard electrical circuits on water. 

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An electrical circuit system recognizes circuit breakers as one of the most vital components for its proper function. Circuit breakers find a crucial and an essential application during electric current overloads and short circuits–protecting electronic loads and devices. In a molded insulating material, a molded case circuit breaker could embody the complete enclosure as an electrical protection device. A miniature circuit breaker revealingly differs from a molded case circuit breaker by the current rating supported. While a miniature circuit breaker can operate in electrical circuits possessing up to a 100 A current rating, a molded case circuit breaker can do well even in an over 1,000 A (normally 2,500 A) current rating. 

Leading providers such as Eaton typically manufacture molded case circuit breakers that could be installed in a variety of end uses such as bus duct plug-in units, individual enclosures, combination starters, control panels, and motor control centers. Such products are expected to be engaged for various applications such as military, mining, industrial, commercial, and alternative energy. Until 2016, top players had taken to new product development that constituted a larger percentage of all developments as a go-to business strategy.

Molded Case Circuit Breakers Market: Overview 

The molded case circuit breakers market is on the path of rapid growth, powered by ongoing industrialization and urbanization. Their growing application in a wide range of industries has significantly benefited the market and companies have been increasingly recognizing the immense potential this market holds.

The market can be bifurcated into molded case circuit breaker (MCCB) and miniature circuit breaker (MCB) on the basis of type. By way of rated current, the market can be categorized into 0A (ampere) to 20A, 21A to 75A, 76A to 250A, 251A to 800A, and above 800A. The key end users of molded case circuit breakers include transmission and distribution, infrastructure, transportation, manufacturing, and power generation. 

The report offers in-depth and sharp insights on the molded case circuit breakers market across the globe. The major factors boosting their adoption and those restricting their uptake have been clearly identified and assessed in the report and insightful recommendations on making the most of the latest market trends have been provided. The competitive landscape has been thoroughly scrutinized and the leading companies contributing to the overall revenue and demand in the molded case circuit breakers market have been profiled. Their growth strategies, financial performance over the years, recent developments in the field, and product portfolio have been discussed at length. 

Molded Case Circuit Breakers Market: Trends and Opportunities

The global market for molded case circuit breakers is primarily fueled by fast-paced economic growth across sectors such as power, water, petrochemicals, and plastics, thereby driving the demand for these breakers across various application segments, such as manufacturing and process, transmission and distribution, commercial and residential infrastructure, transportation, and power generation. The demand for molded case circuit breakers is also rather high in the electronics industry. Growing focus on the efficient and reliable transfer of power, the development of innovative circuit protection solutions, a rise in urban energy conservation and rural electrification programs in several emerging economies, and the revival of the construction sector in many developed countries have also contributed significantly toward the expansion of the molded case circuit breakers market. In addition to this, the rising trend of decentralized power distribution is likely to offer immense scope for growth. 

Contrary to this, the growth of the molded case circuit breakers market is limited owing to the high cost of raw materials. Moreover, slow tripping, vulnerability to heat, and other inconsistencies are proving to be a barrier for players. 

Molded Case Circuit Breakers Market: Regional Outlook 

Geographically, the worldwide molded case circuit breakers market is divided into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific accounts for a considerable share in the international market thanks to the growing usage of molded case circuit breakers in the infrastructure and manufacturing sectors. The growth in this regional market is slated to be rapid owing to the thriving manufacturing and construction industries, especially in Southeast Asia. Another factor driving the demand for molded case circuit breakers is the rising demand for and capacity of power generation in countries such as India. 

The Middle East is also an emerging market, thanks to the growing demand for electricity. This demand stems from factors such as rapid urbanization and industrialization, technological advancements, and economic growth. Construction and infrastructure projects in countries such as Dubai, Qatar, Kuwait, and Saudi Arabia spells a world of opportunity for those looking to invest in the MEA molded case circuit breakers market. 

Companies mentioned in the report 

Some of the top players competing in the global market for molded case circuit breakers are Siemens AG (Germany), General Electric (U.S.), Rockwell Automation, Inc. (U.S.), Eaton Corporation Plc. (Ireland), and Schneider Electric (France). In addition to the global market being increasingly competitive, the degree of rivalry in the regional markets for molded case circuit breakers is immensely high as well. Increasing R&D for the development of new technologies, mergers, partnerships, and acquisitions are some of the leading strategies adopted by players to stay ahead in the game.

  Key questions answered in this report

What are the diverse growth parameters influencing the market?

Which regions will contribute largely to the growth of the market

What are the recent innovations and technological advancements in the market?

What are the emerging trends across the market?

How has COVID-19 affected the market?

What will be the post-pandemic scenario of the market?

What are the major threats that will dent the growth prospects of the market?

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[thetejasamale]

Motor Control Centers Industry- Insight, Share, Growth, Demand, Market Analysis, Key Player profile and Regional Outlook by 2030

The need for continuous uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure is expected to drive the growth of the global motor control centers market.

The motor control centers market in the Asia-Pacific region is expected to grow the fastest during the forecast period. The rapid industrialization, urbanization, and fast economic growth with growing electrical infrastructure in the countries such as India and China, will drive the market for motor control centers.

Key Players:

The key players of Global Motor Control Centers Market are General Electric (U.S.), Siemens AG (Germany), ABB, Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation (U.S.), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Larsen & Toubro Limited (India), Technical Control Systems Ltd. (U.K), and WEG S.A. (Brazil).

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Market Research Analysis:

Industrial Segment of Motor Control Center is Expected to Grow at the Highest Rate in the Motor Control Centers Market from 2017-2023

The industrial usage of motor control centers currently holds a large share of total volume of motor control centers and is expected to dominate the market during forecast period. The increase in industrial development across the globe leading to the wide application of small and medium voltage motor control centers in industries for safe operations, will further enhance the industrial motor control centers market during the forecast period.

Busbars Segment of Motor Control Center is Expected to Grow at the Highest Rate in the Motor Control Centers Market from 2017-2023

The busbars segment of the motor control centers market, by component, accounted for the largest market size in 2016 and is expected to dominate the market during forecast period. Busbars are the prime current carrying constituents of motor control centers. The growth in the flexibility, proficiency, and consistency of busbars have led to the rising demand for busbars in the motor control centers market.

Scope of the Report:

This study provides an overview of the global motor control centers market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global motor control centers market by its product type, voltage, by component, end-user and by regions.

By Type:

Conventional Motor Control Centers

Intelligent Motor Control Centers

By Voltage:

Low voltage

Medium voltage

By Component:

Busbars

Circuit Breakers & Fuses

Overload Relays

Variable Speed Drives

Soft Starters

Others

By End User:

Industrial

Commercial

Utilities

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By Regions:

North America

Asia Pacific

Europe

Rest of the World

[crazytaleobservation]

Motor control centers market - Market Applications, Outstanding Growth, Market status and Business Opportunities

Market Highlights:

The need for continuous uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure is expected to drive the growth of the global motor control centers market.

The motor control centers market in the Asia-Pacific region is expected to grow the fastest during the forecast period. The rapid industrialization, urbanization, and fast economic growth with growing electrical infrastructure in the countries such as India and China, will drive the market for motor control centers.

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  Key Players:

The key players of Global Motor Control Centers Market are General Electric (U.S.), Siemens AG (Germany), ABB, Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation (U.S.), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Larsen & Toubro Limited (India), Technical Control Systems Ltd. (U.K), and WEG S.A. (Brazil).

  Market Research Analysis:

Industrial Segment of Motor Control Center is Expected to Grow at the Highest Rate in the Motor Control Centers Market from 2017-2023

The industrial usage of motor control centers currently holds a large share of total volume of motor control centers and is expected to dominate the market during forecast period. The increase in industrial development across the globe leading to the wide application of small and medium voltage motor control centers in industries for safe operations, will further enhance the industrial motor control centers market during the forecast period.

 Busbars Segment of Motor Control Center is Expected to Grow at the Highest Rate in the Motor Control Centers Market from 2017-2023

The busbars segment of the motor control centers market, by component, accounted for the largest market size in 2016 and is expected to dominate the market during forecast period. Busbars are the prime current carrying constituents of motor control centers. The growth in the flexibility, proficiency, and consistency of busbars have led to the rising demand for busbars in the motor control centers market.

 Scope of the Report:

 This study provides an overview of the global motor control centers market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global motor control centers market by its product type, voltage, by component, end-user and by regions.

 By Type:

 · Conventional Motor Control Centers

· Intelligent Motor Control Centers

 By Voltage:

 · Low voltage

· Medium voltage

 By Component:

 · Busbars

· Circuit Breakers & Fuses

· Overload Relays

· Variable Speed Drives

· Soft Starters

· Others

 By End User:

 · Industrial

· Commercial

· Utilities

 By Regions:

 · North America 

· Asia Pacific 

· Europe

· Rest of the World

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[techsciresearch]

Industrial segment to dominate the Disconnect Switch Market through 2026

Ongoing research and development activities and rapid infrastructural development is expected to drive the demand for global disconnect switch market in forecast period.

According to TechSci Research report, “Global Disconnect Switch Market By Type (Fused, and Non-Fused) By Mount (Panel Mounted, DIN Rail Mounted, and Others) By Electric Phase (Single Phase, and Three Phase) By Voltage (Low, Medium, and High) By Application (Industrial, and Commercial), By Region, Company Forecast & Opportunities, 2026”, The global disconnect switch market is expected to witness steady growth in the forecast period. A disconnect switch is used to separate the electrical circuit from the power source during the maintenance work. When a disconnected switch is incorporated within a fuse it can also work as a switch. Disconnector switch finds several applications in prominent industries. The main application of disconnector switches is to provide the service entrance and fault protection for motors. During the case of overload, the disconnector switch disconnects the heavy machinery and manufacturing equipment for its safety. Disconnect switches are mainly of two types that is fusible disconnect switch and non-fusible disconnect switch. The rise in awareness regarding the safety in manufacturing plants and industries to avoid the cases of casualty is fueling the demand of the disconnect switch market.  Disconnector switches act as the main switch for many different applications such as motor control centers, transformers, switchboards, and transmission lines.

The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Leading authorities around the world imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. The manufacturing units were temporarily shut down and the workers at many places moved back to their native places which created a shortage of workforce at the manufacturing units. Due to the restrictions on the import/export activity and the cross-border trade, the disruption in the supply chain was observed which also impacted the supply of raw materials. Therefore, the COVID-19 affected the disconnect switch market growth adversely and after the relaxations offered by the leading authorities, the market is expected to pick up the pace eventually.

Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Disconnect Switch Market”.

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Global disconnect switch market is segmented into type, mount, electric phase, voltage, application, regional distribution, and company. Based on application, the market can be bifurcated into industrial, and commercial. The industrial segment is expected to account for major market share in the forecast period, 2022-2026. Increasing concerns regarding the safety at the workplace and the growing energy requirements from the end-user industries are expected to influence the disconnect switch market growth. Based on the voltage, the market is divided into low, medium, and high. The low voltage segment is expected to dominate the market in the next five years as they find numerous applications in light commercial and light manufacturing applications. The surge in the expenditure for transmission and distribution and the increase in the infrastructural and industrial developments are influencing the growth of the disconnect switch market. Based on the type, the market can be divided into fused, and non-fused. The fused segment is expected to witness growth in the next five years owing to its numerous application in the industrial sector.

ABB Limited, Eaton Corporation Plc, General Electric Company, Siemens AG, Schneider Electric SE, WEG SA, Crompton Greaves Limited, Havells India Limited, Mitsubishi Electric Corporation, Littelfuse, Inc. are the leading players operating in global disconnect switch market. Market players are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several disconnect manufacturers are coming up with their technologically advanced offerings.

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“The rise in demand for energy-efficient systems for the generation, distribution, and transmission of electricity and the rapid growth of the industries is contributing significantly to the growth of the disconnect switch market. The growing adoption of low voltage disconnect switch across prominent industry verticals including telecommunication, aviation, transportation, railways, and power generation is creating lucrative opportunities for the growth of the disconnect switch market in the next five years. To minimize the occupational hazards in the electronics and manufacturing industry the market players are heavily investing in the growth of the disconnect switch market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Disconnect Switch Market By Type (Fused, and Non-Fused) By Mount (Panel Mounted, DIN Rail Mounted, and Others) By Electric Phase (Single Phase, and Three Phase) By Voltage (Low, Medium, and High) By Application (Industrial, and Commercial), By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of global disconnect switch market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global disconnect switch market.

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[severepeanutperfection]

Global Variable Frequency Drive (VFD) Market By System Type, By End User, By Region, Industry Analysis and Forecast, 2021 – 2031 | Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc.,

Future Market Insights has announced the addition of the “2021 Analysis and Review: Variable Frequency Drives (VFD) Market by Drive Type – AC VFD, DC VFD for 2021-2031” report to their offering.

Future Market Insights (FMI) delivers key insights on the global variable frequency drive market in its latest report titled ” Variable Frequency Drive (VFD) Market: Global Industry Analysis and Opportunity Assessment, 2016 – 2026.” According to FMI’s report, the variable frequency drive (VFD) market is expected to increase at 7.2% CAGR in terms of value during 2016-2026; volume-wise, FMI estimates the VFD market to expand at 8.5% CAGR

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Growth of the global variable frequency drive market is mainly driven upsurge in energy prices, introduction of variable frequency drives that can be retrofitted on existing motors, widening application areas, and tightening of energy-efficiency norms. VFD manufacturers are focusing on diversifying their variable frequency drive portfolio in order to enhance their presence in the market.

FMI’s report has segmented the variable frequency drive market on the basis of drive type, voltage range, application type, end-use application, and end-use industry.

On the basis of drive type, the market has been segmented into AC, DC and Servo variable frequency drive segments. The AC variable frequency drive segment accounted for over 70% value share of the global variable frequency drive market in 2014. However, by the end of 2026, this segment is expected to witness a decline of 110 BPS in its market share.

On the basis of voltage range, the VFD market is segmented into medium and low. Low voltage range VFDs account for higher market share, and this segment is expected to increase at 7% CAGR in terms of revenue.

Variable frequency drive market segmentation by application type includes standard and regenerative segments. In terms of value as well as volume, the regenerative application type segment is anticipated to expand at a higher CAGR during 2016-2026.

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By end-use application, the global variable frequency drive market is segmented into pump, HVAC, fans, compressor, conveyor and ‘other’. Among these, the pump segment dominated the overall market in terms of value with over 30% share in 2014; however, this segment will witness a decrease of 90 BPS in its market share by the end of 2026.

By end-use industry, the market is segmented into oil & gas, food processing, automotive, metals & mining, pulp & paper and other end-use industries. Of these segments, the oil & gas end-use industry segment dominated the market in terms of both value and volume contribution in 2014.

Region-wise, the Asia Pacific Excluding Japan (APEJ) market dominated the global VFD market in 2014, accounting for over 30% share in terms of both value and volume. APEJ is expected to remain the most lucrative market for variable frequency drives during the forecast period as well. Expansion of industrial base and manufacturing capacities is fuelling the growth of APEJ market.

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Key Players in Variable Frequency Drive Market

Some of the key players identified in the global variable frequency   drive market are Fuji Electric Co. Ltd., Mitsubishi Electric   Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc., General Electric Company, Hitachi Limited, Honeywell International Inc.,  Rockwell Automation Inc., Johnson Controls Inc., Emerson Industrial  Automation, Toshiba International Corporation and Schneider Electric SE.  Major players in the market follow the strategy of introducing  innovative and cost-effective variable frequency drives to buy out  competition.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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[andapt-pmic]

4 Reasons Why PMIC Usage Is on the Rise

The full form of PMIC is “power management integrated circuits” but they are also known as power management ICs or power management units. These are circuits that can include multiple power rails and have power management functions within a single chip.

Types of PMICs

Today, there is a wide range of low-power and high-performance PMICs in the market. Low-power PMICs are usually required in space-constrained applications such as wearables, IoT devices, and sensors. High-performance PMICs are used in applications that require high-intensity computation. They are able to maximize performance per watt and simultaneously increase system efficiency. Some popular power management ICs are voltage regulators, integrated ASSP power management IC, motor control IC, and battery management IC.

Benefits of PMICs

PMICs allow users the ability for managing and controlling power of the host system. PMICs are small, highly integrated, high-performance power management solutions when a low power circuit design is needed. It can reduce the need for bigger batteries and reduce the size of the device for a more sleeky and streamlined look. PMICs are considered to be high-efficiency solutions. Some common functions include:

·        Extending battery life

·        Reducing power dissipation

·        Voltage converters and regulators

·        Battery chargers

·        Battery fuel gauges

·        LED drivers

·        Real-time clocks

·        Power sequencers

·        Power control

Operating features include power management, system control, battery management, interface and audio functions, as well as other system-specific functions.

Benefits Power Management IC Design

PMICs are used in industries such as automotive, consumer electronics, telecommunication, and networking. PMICs have applications in the communication, IT, industrial, automotive, medical, defense and electronics sectors

Some of the advantages of power management IC design are:

·        Reduced time to market

·        Reduced cost

·        Board size constraints

·        Better reliability

·        More functional design

·        Less design effort when using a fully integrated PMIC

·        Better performance on issues like output noise and emissions

Why are PMICs growing in popularity?

There is a plethora of smaller, more portable, more energy-efficient, more innovative electronic devices are hitting the market because of technological advances. These devices are helping people organize their lives and make everyday tasks more convenient. In parallel, the demand for PMICs is increasing because of their extreme usefulness in places where there are constraints on power, space, electrical noise, and heat dissipation. This has been spurred by government regulations in their efforts to optimize energy consumption. Being ultra-small in size, these electrical components offer a way to manage the power requirements in battery-operated devices that need a smaller footprint.

Other factors have also increased the popularity of PMICs.

1. High consumer demand for battery-operated devices

There is a surge in consumer demand for battery-operated devices such as smartphone, tablets, portable industrial and medical equipment, Bluetooth headsets, and laptops which is a major driver for the PMICs market. There is a high uptake of wearables and hearables by the millennials and the older generation. Ultra-small PMICs are used in smartphones, tablets, computers, solid-state drives, and networking and wireless IoT devices.  PMICs can also be used for wireless charging for certain electronic devices.

2. Rise in energy-efficient technology

Technology continues to pervade everything we do. The pandemic has led to a society where technology needs have shifted to work-from-home, education, and entertainment. Post-Covid, energy-efficient technologies will have even more significance as the world trends toward careful and optimal use of resources.

Power electronics is a market-driven by the increasing need for energy-efficient products such as data centers, automotive, telecom infrastructure, the advance of the Internet of Things (IoT) using 5G devices, AI and intelligent Edge Computing. New technology is continually being introduced such as AnDAPT’s complete power solutions for Xilink Zynq FPGA/SoC devices. Currently, this is the most advanced programmable PMIC in the market. It allows rapid customization and PMIC configuration in minutes.

Energy-efficient technologies are believed to reduce global electricity by up to 30% by 2025. Mordor Intelligence predicts “the power electronics market is anticipated to witness a CAGR of 5.0% over the forecast period (2021 - 2026)”. The adoption of 5G requiring greater bandwidth and power in smaller enclosures, the demand for electric vehicles (EVs) with fuel efficiency pressure, and a proliferation of smaller, lighters, and higher power adapters/charges are all fueling the rise in energy-efficient technology.

3. Growth of semiconductor and semiconductor applications

Power semiconductors are able to minimize energy wastage and ensure efficient power distribution. According to the “New KPMG Global Semiconductor Outlook” which was released in March 2021, the semiconductor industry recorded a growth of 6.5% despite the pandemic in 2020 and disruptions in the supply chain resulting economic downturn. Nearly 80% of industry leaders remain positive that profitability will continue to increase because of the mainstream adoption of IoT, 5G, and the growing need for semiconductors in the automotive sector. In 2018, the industrial application of PMICs was recorded to be the second-highest revenue accounting for one-fifth of the market revenues.

4. Applications in the automotive sector on the rise

There is a growing demand for in-vehicle processing power with increasing applications in the automotive industry such as advanced driver assistance systems (ADAS) and infotainment. Unlike data center servers which have adequate cooling capacity, keeping a cool temperature in a car is a big challenge where wide ambient temperatures can rise to 125 degrees Celsius. Automotive processor power requirements are bound to increase and PMIC will play a critical role in meeting upcoming challenges. in this industry Take, for instance, the infotainment in cars or the multiple camera systems which need multiple voltage rails. Such require extremely specific load transient requirements within microseconds and must be optimized for the challenging requirements of a vehicular environment. In addition, automotive PMICs must meet thermal requirements and constraints.

Conclusion

Power management ICs are very vital to the semiconductor and electronics industry. PMICs will increase in digital complexity as more technological innovation, such as wireless charging, is introduced. Such energy-efficient technologies could reduce global electricity usage by up to 30% by 2025.

 Resources:

https://www.globenewswire.com/en/news-release/2021/03/04/2187293/0/en/Global-Power-Management-Integrated-Circuits-PMICs-Market-Is-Expected-to-Reach-51-04-Billion-Says-AMR.html

https://www.mordorintelligence.com/industry-reports/power-electronics-market

[dsiddhant]

According to the new market research report "Motor Control Centers Market by Type (Intelligent, Conventional), Voltage (Low, Medium), End-User, Standard, Component, Region (Asia Pacific, North America, Europe, South America, and the Middle East & Africa) - Global Forecast to 2025", the motor control centers market is expected to grow from an estimated value of USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4%, from 2020 to 2025. The global market is set to witness significant growth owing to the growing demand for industrial automation in developed regions and regulations promoting energy saving across major industries.

[marketnewsstudy]

Global Neurostimulation Device Market – Analysis and Forecast (2018-2024)

The global neurostimulation device market is predicted to grow at 11.2% CAGR during the forecast period with the market size reaching USD 12.2 billion by 2024. Neurostimulation is the technology to deliver low voltage electricity to a specific nerve or target in the spinal cord or brain to affect neuronal transmission. It is a therapeutic tool used to treat neuropathic pain or to modulate motor function and for a range of different diseases such as epilepsy, migraine, and Parkinson’s disease. The global neurostimulation device market is growing at a significant rate due to the increasing prevalence of neurological diseases and the growing geriatric population. The market has witnessed high demand for internal neurostimulation over the last few years, due to the increasing prevalence of neurological disorders

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Industry Dynamics

Growth Drivers

The growing prevalence of neurological disorders, increasing prevalence of lifestyle-associated diseases, robust product pipeline, and mounting geriatric population are the primary growth drivers for the neurostimulation device market. Neuromodulation devices have shown to be very effective in treating Parkinson’s and other chronic illnesses induced by old age. According to the WHO, globally depression is a common mental disorder and approximately 300 million people of all age groups suffer from depression. Expanded target applications and new indications, increasing healthcare expenditure, increasing demand for minimally invasive surgeries, and increasing adoption of technologically advanced products are also fueling the growth of the neurostimulation device market.

Industry Ecosystem

The key challenge for the new entrants in the survival in the capital-intensive and highly regulated neurostimulation device market. However, various large neurostimulation companies can enter the neurostimulation device market through mergers and acquisitions of smaller companies.

Geographic Overview

Geographically, North America is the largest neurostimulation device market as the region has a high prevalence of chronic diseases and a growing geriatric population. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2015 approximately 23.1 million people in the U.S. had diabetes. In addition according to the National Institutes of Health, in the U.S. approximately one million people have Parkinson’s disease. As per the Alzheimer's Association in 2017, 5.5 million Americans had Alzheimer and about 5.3 million of this patient population’s age was 65 years or more. In addition, according to Alzheimer's Association approximately 14 million people are expected to suffer from Alzheimer's in 2050.

Asia-Pacific is observed to witness the fastest growth in the market. The largest population, increasing prevalence of diabetes, growing geriatric population, and rising adoption of neurostimulation devices are creating a positive impact on the neurostimulation device market growth in the region.  

Competitive Insight

Key players in the neurostimulation device industry are investing in the development of innovative and advanced neurostimulation device products, which is strengthening their position in the market. In September 2017, Medtronic, Inc. received FDA approval and launched the Intellis platform for the management of certain types of chronic intractable pain. Medtronic, Inc., Boston Scientific Corporation, Cyberonics, Inc., Nevro Corporation, Neurosigma, Inc., Neuropace, Inc., Cochlear Ltd., St. Jude Medical Inc., LivaNova PLC, Aleva Neurotherapeutics SA, Synapse Biomedical, Inc., Neuronetics, Inc. are some of the key players offering neurostimulation devices.

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 VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT, and other emerging technologies. READ MORE…

[yash-tiknayat]

Motor Control Centers Market Research Report- Global Forecast till 2023

Market Highlights:

The need for continuous uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure is expected to drive the growth of the global motor control centers market.

The motor control centers market in the Asia-Pacific region is expected to grow the fastest during the forecast period. The rapid industrialization, urbanization, and fast economic growth with growing electrical infrastructure in the countries such as India and China, will drive the market for motor control centers.

Key Players:

The key players of Global Motor Control Centers Market are General Electric (U.S.), Siemens AG (Germany), ABB, Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation (U.S.), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Larsen & Toubro Limited (India), Technical Control Systems Ltd. (U.K), and WEG S.A. (Brazil).

Market Research Analysis:

Industrial Segment of Motor Control Center is Expected to Grow at the Highest Rate in the Motor Control Centers Market from 2017-2023

The industrial usage of motor control centers currently holds a large share of total volume of motor control centers and is expected to dominate the market during forecast period. The increase in industrial development across the globe leading to the wide application of small and medium voltage motor control centers in industries for safe operations, will further enhance the industrial motor control centers market during the forecast period.

Busbars Segment of Motor Control Center is Expected to Grow at the Highest Rate in the Motor Control Centers Market from 2017-2023

The busbars segment of the motor control centers market, by component, accounted for the largest market size in 2016 and is expected to dominate the market during forecast period. Busbars are the prime current carrying constituents of motor control centers. The growth in the flexibility, proficiency, and consistency of busbars have led to the rising demand for busbars in the motor control centers market.

Scope of the Report:

This study provides an overview of the global motor control centers market size, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global motor control centers market by its product type, voltage, by component, end-user and by regions.

By Type:

Conventional Motor Control Centers

Intelligent Motor Control Centers

By Voltage:

Low voltage

Medium voltage

By Component:

Busbars

Circuit Breakers & Fuses

Overload Relays

Variable Speed Drives

Soft Starters

Others

By End User:

Industrial

Commercial

Utilities

By Regions:

North America

Asia Pacific

Europe

Rest of the World

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https://www.marketresearchfuture.com/reports/motor-control-centers-market-4105

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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