June 25, 2020 – New ARC Advisory Group research on the global Low Voltage Controlgear market reveals that the overall digitalization of industrial automation is driving growth in this market. Low voltage controlgear is used in industrial applications to control and protect electric motors and other equipment from surges, ground faults, and short circuits. It also provides basic control functions such as start/stop and ramp up to speed. This makes low voltage controlgear a relatively small, but critical element in the overage digitalization of industry. “Digitalization helps create a path for the transition toward more connected and smarter systems to enhance overall industrial safety, asset availability, and efficiency.
Digitalization can provide end users of low voltage controlgear and other industrial equipment with a competitive advantage and create new business opportunities for suppliers,” commented Siddhartha Maiti, Analyst at ARC Advisory Group and key author of ARC’s Low Voltage Controlgear Global Market Research report.
About the Low Voltage Controlgear Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year (global/regional) forecasts for the low voltage controlgear market. This new research is based on ARC’s market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by world regions, industry, machinery segment, hardware type, sales channel, customer type, and network devices. This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes five years of history in addition to the current base year market data and five-year market forecast.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.
This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
The PDF is available with or without detailed charts.