Market Share of Low Voltage Motor Control Center Industry
The low voltage motor control center market is competitive and is dominated by a few major players like ABB Ltd, Schneider Electric, Siemens AG, Rockwell Automation Inc., and Eaton Corporation PLC. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
February 2020 - Eaton Corporation and Abunayyan Holding formed a joint venture, to produce and service low and medium voltage switchgear in the Middle East. The venture may operate as Eaton Arabia in locations in Dubai, the United Arab Emirates, Dammam, and Saudi Arabia.
January 2020 - Rockwell launched the new motor protection circuit breakers that offer space, time, and cost savings. The circuit breakers are enabled by UL approval for use in group installation. This type of installation can reduce panel space, installation and wiring time, and overall costs by eliminating the need for individual branch short-circuit protective devices for each motor circuit.
Low Voltage Motor Control Center Market Leaders
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG
ABB Ltd.
Eaton Corporation PLC
*Disclaimer: Major Players sorted in no particular order
