Product Code: ETC4529485 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India low voltage motor control centers market import shipments experienced a significant decline with a CAGR of -15.6% from 2020 to 2024. The growth rate between 2023 and 2024 plummeted by -74.3%, indicating a sharp contraction in market activity and a trend of rapid deceleration.
Low voltage motor control centers are fundamental to industrial processes and power distribution. As industrialization and infrastructure development continue in India, the demand for these control centers remains strong.
The low voltage motor control centers market in India is expanding due to the nation`s rapid industrialization and urbanization. With more manufacturing units and infrastructure projects coming up, there is a growing need for efficient motor control solutions. These centers provide centralized control for motors, enhancing energy efficiency and system reliability. The push for energy conservation, coupled with infrastructure development, is propelling this market`s growth.
The low voltage motor control centers market in India faces challenges related to increased competition, as various manufacturers are striving to offer cost-effective solutions. Moreover, stringent quality standards and the need for compliance with safety regulations are challenges that the industry must address. Additionally, the market`s growth may be hindered by issues related to the availability of skilled labor and fluctuating raw material prices.
The COVID-19 pandemic affected the India low voltage motor control centers market due to disruptions in manufacturing and project delays. However, as industries and infrastructure projects resume, the demand for motor control centers is expected to rise with a focus on energy efficiency and automation.
Prominent entities in the Low Voltage Motor Control Centers market in India include Schneider Electric, Siemens, ABB, Eaton Corporation, and Rockwell Automation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Low Voltage Motor Control Centers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Low Voltage Motor Control Centers Market Revenues & Volume, 2021 & 2031F |
3.3 India Low Voltage Motor Control Centers Market - Industry Life Cycle |
3.4 India Low Voltage Motor Control Centers Market - Porter's Five Forces |
3.5 India Low Voltage Motor Control Centers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Low Voltage Motor Control Centers Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.7 India Low Voltage Motor Control Centers Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 India Low Voltage Motor Control Centers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in India leading to higher demand for low voltage motor control centers. |
4.2.2 Growing focus on energy efficiency and the adoption of smart manufacturing processes driving the need for advanced motor control centers. |
4.2.3 Government initiatives promoting the use of renewable energy sources and encouraging the adoption of energy-efficient technologies. |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials used in the manufacturing of low voltage motor control centers. |
4.3.2 Intense competition among market players leading to price wars and margin pressures. |
4.3.3 Lack of skilled workforce for the installation and maintenance of motor control centers. |
5 India Low Voltage Motor Control Centers Market Trends |
6 India Low Voltage Motor Control Centers Market, By Types |
6.1 India Low Voltage Motor Control Centers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Low Voltage Motor Control Centers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Low Voltage Motor Control Centers Market Revenues & Volume, By Intelligent , 2021-2031F |
6.1.4 India Low Voltage Motor Control Centers Market Revenues & Volume, By Conventional, 2021-2031F |
6.2 India Low Voltage Motor Control Centers Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 India Low Voltage Motor Control Centers Market Revenues & Volume, By Industrial , 2021-2031F |
6.2.3 India Low Voltage Motor Control Centers Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 India Low Voltage Motor Control Centers Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 India Low Voltage Motor Control Centers Market Revenues & Volume, By Busbars, 2021-2031F |
6.3.3 India Low Voltage Motor Control Centers Market Revenues & Volume, By Circuit Breakers , 2021-2031F |
6.3.4 India Low Voltage Motor Control Centers Market Revenues & Volume, By Fuses, 2021-2031F |
6.3.5 India Low Voltage Motor Control Centers Market Revenues & Volume, By Overload Relays, 2021-2031F |
6.3.6 India Low Voltage Motor Control Centers Market Revenues & Volume, By VSDS, 2021-2031F |
6.3.7 India Low Voltage Motor Control Centers Market Revenues & Volume, By Soft Starters, 2021-2031F |
7 India Low Voltage Motor Control Centers Market Import-Export Trade Statistics |
7.1 India Low Voltage Motor Control Centers Market Export to Major Countries |
7.2 India Low Voltage Motor Control Centers Market Imports from Major Countries |
8 India Low Voltage Motor Control Centers Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved by the implementation of low voltage motor control centers. |
8.2 Adoption rate of smart manufacturing technologies utilizing motor control centers. |
8.3 Number of government projects or tenders involving the installation of low voltage motor control centers. |
8.4 Customer satisfaction levels with the performance and reliability of motor control centers. |
8.5 Rate of technological advancements and innovations in low voltage motor control center systems. |
9 India Low Voltage Motor Control Centers Market - Opportunity Assessment |
9.1 India Low Voltage Motor Control Centers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Low Voltage Motor Control Centers Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.3 India Low Voltage Motor Control Centers Market Opportunity Assessment, By Component, 2021 & 2031F |
10 India Low Voltage Motor Control Centers Market - Competitive Landscape |
10.1 India Low Voltage Motor Control Centers Market Revenue Share, By Companies, 2024 |
10.2 India Low Voltage Motor Control Centers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |