Global Low Voltage Industrial Controls Market Size, Share, Trends, Industry Growth by Product (Circuit Breakers, Contactors & Relays, Motor Starters, Thermal Overload Relays, Others), by Application (Process Industry, Manufacturing, Transportation, Aerospace & Defense, Others), by Region, and Forecast to 2028

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The global low voltage industrial controls market size is expected to experience a significant CAGR of around 5% during the forecast period from 2022 to 2028. The widespread use of the products in the manufacturing and process industry is a major factor driving the market growth. Furthermore, the rapid growth in urbanization, growing industrialization, and the adaptation of renewable energy sources are further expected to boost the market growth. Moreover, the growing electrification and the expansion of transmission and distribution networks are further anticipated to fuel the market over the forecast period. In addition, technological advancement, the increasing trend of automation, and the advent of industry 4.0 are projected to propel the market growth in next upcoming years.

Market Insights:

By product, the circuit breakers segment is expected to hold the largest market share of around half of the market by 2028

The global low voltage industrial controls market is bifurcated into product, application, and geography. On the basis of products, the market is further segmented into circuit breakers, contactors & relays, motor starters, thermal overload relays, and others. The circuit breakers segment dominated the global market in 2021 and expected to hold the largest revenue share of around half of the market by the end of the analysis period. The segment is also expected to register the fastest growth rate over the forecast period. On the other hand, the contractors and relays segment is expected to grow at a significant CAGR over the forecast period and estimated to hold a significant market share of around 1/4 of the market in 2021.

By application, the process and manufacturing segments dominated the global market in 2021

By application, the market is bifurcated into process industry, manufacturing, transportation, aerospace & defense, and others. The process and manufacturing industry dominated the global low voltage industrial controls market in 2021 and estimated to maintain its dominance over the forecast period. The widespread use of LV industrial controls in process and manufacturing industry is a key factor to drive the market growth. Furthermore, the growing industrialization in various developing economies is further anticipated to boost the segment growth over the forecast period.

Low Voltage Industrial Controls Market Growth

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The low voltage industrial controls market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Low Voltage Industrial Controls Market Segmentation:

Low Voltage Industrial Controls Market Segmentation by Product:

  • Circuit Breakers
  • Contactors & Relays
  • Motor Starters
  • Thermal Overload Relays
  • Others

Low Voltage Industrial Controls Market Segmentation by Application:

  • Process Industry
  • Manufacturing
  • Transportation
  • Aerospace & Defense
  • Others

Low Voltage Industrial Controls Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Low Voltage Industrial Controls Market: Geographic Coverage

Geographically, the Asia Pacific dominated the global low voltage industrial controls market in 2021 and expected to maintain its dominance over the forecast period. The region is also accounted to register the fastest growth rate over the forecast period. The rapid growth in urbanization and the growing industrialization in developing economies are some major factors driving the market growth in the region. on the flip side, North America is expected to grow at a significant CAGR over the forecast period and is estimated to hold a significant revenue share of around 1/3 market share in 2021.

Low Voltage Industrial Controls Market: Competitive Assessment

Some of the major market players operating in the global low voltage industrial controls market are ABB Ltd., Chint Group Co., Ltd., Eaton Corporation plc, Fuji Electric Co., Ltd., and General Electric Company. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • ABB Ltd.
  • Chint Group Co., Ltd.
  • Eaton Corporation plc
  • Fuji Electric Co., Ltd.
  • General Electric Company
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • WEG S.A.

Key Questions Answered by Low Voltage Industrial Controls Market Report

  • Global low voltage industrial controls market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Low voltage industrial controls submarket forecasts from 2022-2028 covering the market by product, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level low voltage industrial controls markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Low Voltage Industrial Controls Market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Low Voltage Industrial Controls Market Portraiture
2.2. Global Low Voltage Industrial Controls Market, by Product, 2021 (USD Mn)
2.3. Global Low Voltage Industrial Controls Market, by Application, 2021 (USD Mn)
2.4. Global Low Voltage Industrial Controls Market, by Geography, 2021 (USD Mn)

 

3. Global Low Voltage Industrial Controls Market Analysis


3.1. Low Voltage Industrial Controls Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Low Voltage Industrial Controls Market By Product, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Circuit Breakers
4.3. Contactors & Relays
4.4. Motor Starters
4.5. Thermal Overload Relays
4.6. Others

 

5. Global Low Voltage Industrial Controls Market By Application, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Process Industry
5.3. Manufacturing
5.4. Transportation
5.5. Aerospace & Defense
5.6. Others

 

6. North America Low Voltage Industrial Controls Market Analysis and Forecast, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. North America Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
6.3. North America Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
6.4. North America Low Voltage Industrial Controls Market by Country, (2019-2028 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
6.4.1.2. U.S. Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
6.4.2.2. Canada Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)

 

7. Europe Low Voltage Industrial Controls Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Europe Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
7.3. Europe Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
7.4. Europe Low Voltage Industrial Controls Market by Country, (2019-2028 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
7.4.1.2. Germany Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
7.4.2.2. U.K. Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
7.4.3. France
7.4.3.1. France Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
7.4.3.2. France Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
7.4.4. Italy
7.4.4.1. Italy Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
7.4.4.2. Italy Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
7.4.5.2. Rest of Europe Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)

 

8. Asia Pacific Low Voltage Industrial Controls Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Asia Pacific Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
8.3. Asia Pacific Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
8.4. Asia Pacific Low Voltage Industrial Controls Market by Country, (2019-2028 USD Mn)
8.4.1. China
8.4.1.1. China Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
8.4.1.2. China Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
8.4.2.2. Japan Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
8.4.3. India
8.4.3.1. India Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
8.4.3.2. India Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
8.4.4. Rest of Asia Pacific
8.4.4.1. Rest of Asia Pacific Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
8.4.4.2. Rest of Asia Pacific Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)

 

9. Latin America (LATAM) Low Voltage Industrial Controls Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Latin America Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
9.3. Latin America Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
9.4. Latin America Low Voltage Industrial Controls Market by Country, (2019-2028 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
9.4.1.2. Brazil Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
9.4.2.2. Mexico Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
9.4.3.2. Rest of Latin America Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)

 

10. Middle East and Africa Low Voltage Industrial Controls Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. MEA Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
10.3. MEA Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
10.4. Middle East and Africa Low Voltage Industrial Controls Market, by Country, (2019-2028 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
10.4.1.2. GCC Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
10.4.2.2. South Africa Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Low Voltage Industrial Controls Market by Product, (2019-2028 USD Mn)
10.4.3.2. Rest of MEA Low Voltage Industrial Controls Market by Application, (2019-2028 USD Mn)

 

11. Company Profiles


11.1. ABB Ltd.
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Chint Group Co., Ltd.
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Eaton Corporation plc
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Fuji Electric Co., Ltd.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. General Electric Company
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Mitsubishi Electric Corporation
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Rockwell Automation, Inc.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Schneider Electric SE
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Siemens AG
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. WEG S.A.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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