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ARC Advisory Group’s research on the low voltage controlgear (LVCG) market makes it evident that in today‘s digital and automated world, LVCG components are quietly revolutionizing industries. These components, often overlooked, have become the backbone of modern industrial operations, driving progress in various ways. As industries embrace innovation and transformation, low voltage controlgear components will play an even more crucial role, ensuring efficient, safe, and smart industrial operations. It is time for industries to recognize.
In addition to providing a five-year market forecast, the low voltage controlgear market research provides detailed quantitative current market data and addresses key strategic issues as follows.
Low voltage controlgear devices are near commodities because they are substitutable, meaning that components can often be exchanged for a device from another manufacturer. This gives buyers a wide choice of suppliers without the need to commit to specifications of a single supplier. However, a controlgear is made up of electromechanical devices that switch a lot of current and are subject to both mechanical and electrical stress. Low-cost devices are available, but buyers should consider environmental demands and not automatically choose the lowest bidder.
Controlgears not only protect electric motors but can also be used to save energy and extend the life of motors. While industrial motors are relatively cheap, they use a lot of energy, and unexpected failures that shut down production lines can negatively affect operational costs. Controlgears can be used intelligently to turn off motors when not in use, while controlling surges or ramping up power to motors. They also aid in relieving stress to motor bearings as well as the parts of the machine moved by the motors. Better monitoring of electric motors means less unexpected downtime and longer asset life.
Greater investment in components to protect electrical equipment such as electric motors from damage due to overload or short circuits.
This market research may be purchased as a MIRA Service, an Excel Workbook, and/or as a Market Analysis Report (PDF). MIRA Services help unlock the full benefits of ARC’s market intelligence, making the data more actionable for you by adding qualitative context to our market data in an online environment unique to each customer. Regional editions include country and industry market data. Formats available are listed below:
MIRA Services | MIRA Workbook | Market Analysis PDF | |
---|---|---|---|
Annual Subscription | Yes | No | No |
Worldwide (includes regional data) | Yes | Yes | Yes |
North America (includes regional data) | Yes | Yes | No |
Europe, Middle East, Africa (includes regional data) | Yes | Yes | No |
Asia (includes regional data) | Yes | Yes | No |
Latin America (includes regional data) | Yes | Yes | No |
Table of contents for this research is shown in the following paragraphs.
The research identifies all relevant suppliers serving this market.
List of countries & currencies included in each region: MIRA-Country
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