Keywords: Low Voltage, Motor Control Center (MCC), Conventional MCC, Intelligent MCC, NEMA, IEC, Arc Flash, Circuit Breaking, Market Forecast
The global low voltage motor control center (LV-MCC) market will be driven largely by the need to optimize plant energy efficiency and help ensure worker safety. Orders for the LV-MCC market experienced strong growth during 2012-2014, since ARC’s last study in 2011. This strong growth was primarily due to government initiatives to save energy and increase plant safety, increasing demand for electricity and new and upgraded infrastructure to support the buying habits of a rising middle class in emerging economies, and new technology approaches that couple the latest intelligent MCC technologies with AC drives and industrial network connections to greatly improve machine control and availability.
According to a new ARC Advisory Group study, the global market for LV-MCC is expected to grow marginally in the first half of the forecast period (2014-2019) and rebound strongly in the second half.
Most LV-MCC business is project-related and these budgets are allocated years in advance, allowing businesses to sustain themselves throughout a difficult downturn. Going forward, the majority of LV-MCC suppliers expect a slowdown in the business as CapEx investments slowed in oil & gas, mining, and electric power industries in North America and Europe. “However, the continued demand for energy, infrastructure buildup, and expansion in emerging markets will continue to keep the global growth forecast in positive territory,” according to Research Director Sal Spada, co-author of ARC’s new “Low Voltage Motor Control Center Global Market Research Study”.
Industrial Internet of Things (IIoT) and Intelligent MCCs
Leading suppliers of LV-MCC products are updating product offerings with features that fulfill the growing demand for smart IIoT-connected devices, applications, and systems that provide new opportunities to increase operational efficiency and asset availability by employing analytics on Big Data collected from the plant floor to the supply chain.
Emerging Economies Will Drive LV-MCC Market
According to the ARC study, increasing demand for energy, clean water, consumer products, automobiles, food & beverage, chemicals & petrochemicals, and electronic products from a rapidly growing middle class in the emerging economies, combined with increased infrastructure requirements such as railways/metros, will further drive growth in the LV-MCC market.
In addition to the quantitative assessment of the LV-MCC market, this ARC report provides an insightful analysis of the products and strategies of the leading LV-MCC suppliers and explores issues that will impact these businesses well into the future.
For more information on this study, please visit our Market Research section.