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Low Voltage Motor Control Centers Market

Nov 01, 2017

The low voltage motor control centers market is projected to grow at a CAGR of 5.62% rom 2017 to 2022


The low voltage motor control centers market is projected to reach USD 4.03 billion by 2022, at a CAGR of 5.62% from 2017 to 2022. The increasing industrial automation, increased use of low voltage electric motors in key industries, and increased industrial plant up time have boosted the demand for low voltage motor control centers. In addition, the booming power sector and increasing electricity demand globally would further aid the growth of this market. The stagnancy in the oil & gas industry and the decrease in mining activities in Asia-Pacific, Latin America, and Africa would act as a restraint for the low voltage motor control centers market continued.