Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Low Voltage Industrial Controls market. Market segmentation includes Product (Circuit Breakers, Contactors & Relays, Motor Starters, Thermal Overload Relays, Other Products); Application (Process Industry, Manufacturing, Transportation, Aerospace & Defense, Other Applications).
Low Voltage (LV) Industrial Controls is a dynamic sector due to its presence, overlap and usage across several industry verticals. The demand will be on a rise post COVID-19 pandemic induced recessionary environment, owing to continued technological advancements and availability of cost-effective, reliable industry control products. Another key factor that is anticipated to drive long term growth is the use of industrial controls by the technology applications and devices market, which is witnessing growing demand, in turn causing the demand to increase for industrial controls. The low voltage industrial controls market also stands to benefit from the push towards energy efficient systems. Meanwhile, market growth will also be strengthened due to the rising demand for fuses, enclosure, change-over switches, residual current devices and several other switching systems. A major plus for low voltage industrial controls is the supply chain of this industry that enabled the market to gain strength over the years. In the meantime, companies are also undertaking research and development investments to ensure that they develop much more technological advanced low voltage industrial circuits. Key attractions for the market include the growing demand for power and for cost-effective electronic systems. The large-scale smart city development projects and the like that are underway is another factor leading to increasing demand for a wide range of smart electrical machines and devices. While the umpteen benefits are fueling demand across various end-use sectors and industries, the rising cost of raw material is posing a drawback for the market.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 22368. Among this pool, 2013 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 447 unique participations, a total of 201 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Mitsubishi Electric Corporation
General Electric Company
Schneider Electric SE
Eaton Corporation PLC
Rockwell Automation, Inc.
Fuji Electric Corp. of America
Segments Covered in the Report -
Product (Circuit Breakers, Contactors & Relays, Motor Starters, Thermal Overload Relays, Other Products)
Application (Process Industry, Manufacturing, Transportation, Aerospace & Defense, Other Applications)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.