LOW VOLTAGE MOTOR CONTROL CENTER MARKET ANALYSIS

Regional Analysis

Global Low Voltage Motor Control Center Market: Regional Insights

North America among regions is projected to witness significant growth in the global low voltage motor control center market during the forecast period. This is due to increasing adoption of new MCC/IMCC in industries such as life sciences, owing to expansion of existing capabilities, digital transformation, and rising newer plants in the industry. For instance, in November 2019, Eli Lilly and Company announced the US$ 400 million investment in its facilities. Moreover, growing use of low voltage MCC in food processing industry across the region is also anticipated to fuel growth of the market in North America.

Asia Pacific is anticipated to show significant growth in the global low voltage motor control center market during the forecast period due to rising adoption of automation across several end user industries across the region. Moreover, due to rise in energy concerns, the adoption of low voltage electrical equipment is increasing, and this is further encouraging several companies to create compact and energy-efficient equipment and devices. This in turn is driving growth of the market in Asia Pacific region. Along with this, the growth of manufacturing industry in the region is also driving the demand for low voltage MCC in the region.