UAE Low Voltage Industrial Control Market : Major Insights and Forecast Projections till 2026

2020-03-02 09:17:30

(MENAFN- iCrowdNewsWire) Mar 2, 2020

The major factors driving the growth of the UAE Low Voltage Industrial Control market during the forecast period include the increasing demand for renewable energy sources across the UAE and the growing demand for safer electrical distribution system followed by rapid industrialization. The growing number of infrastructural, industrial and non-industrial projects in UAE including the development of Dubai Creek Harbour, Burj Jumeirah, and Smart City plan, will boost the demand for industrial machineries, thereby accelerating the growth for the UAE Low Voltage Industrial Control market. The low voltage industrial control devices are highly efficient and cost-effective, which makes them ideal for commercial, residential, and renewable energy applications. Moreover, the UAE's government is mainly focusing on increasing power generating capacity to meet the growing energy demand. This initiative will encourage the development of new energy projects, which will have a positive impact on the need for the low voltage industrial control over the coming years. On the other hand, the rising cost of the raw material of the industrial control systems will hamper the growth of the UAE Low Voltage Industrial Control market over the coming years.

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The Industrial control system comprises different types of control systems, including devices, systems, and networks, which are used to operate various industrial processes. Industrial control is one of the major applications of electronics. In industrial control, the electronic component, circuits, and other equipment are used to operate different types of machines in manufacturing plants. The industrial control electronics are used to switch machines off and on at the appropriate time and maintain their speed of operation. The low voltage industrial controls are used to control machine effectively and safely and helps in reducing energy consumption.

Read Full Report Description: UAE Low Voltage Industrial Controls Market By Product (Circuit Breaker {Molded Case Circuit Breaker (MCCB), and Miniature Circuit Breaker (MCB)}, Contactors and Relays, Motor Starters, Thermal Overload Relay, Others) and By Application (Process Industry, Manufacturing Industry, Transportation, Aerospace & Defence, Commercial, Residential, Renewable Energy, Telecommunication)- Opportunities and Forecast, 2019-2026 https://www.gmiresearch.com/report/uae-low-voltage-industrial-controls-market/

Based on the product, the circuit breaker segment is expected to grow at a higher CAGR during the forecast period owing to the increasing usage of circuit breakers in various industrial and infrastructural projects in UAE, such as Dubai's Smart City Plan. The circuit breaker controls the sudden up and down of voltage or current and is highly cost-effective with a longer lifespan. The circuit breaker segment includes Moulded Case Circuit Breaker (MCCB), and Miniature Circuit Breaker (MCB). MCCB offers numerous advantages such as automatic switching during abnormal electrical conditions, tripping in electrical faults, and quick restoration of electrical supply by switching on the operation.

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Based on the application, the commercial segment is expected to grow at a higher CAGR during the forecast period. The ongoing projects in UAE such as the Dubai Expo 2020, UAE Vision 2021, Smart Dubai 2021, the Vision 2030, Deira Islands Mall, and Zayed Smart City Project, will increase adoption of automation across industries, which will surge the demand for the low voltage industrial controls to minimize energy consumption. The renewable energy segment is projected to grow at a higher CAGR during the forecast period owing to the significant shift in the government's preference towards the generation of electricity from renewable energy sources to meet the energy demand of the country and protect the environment at the same time. The government is planning to increase power generation from clean energy to 30% by 2030. It is also focusing on producing 25-30% of electricity from solar and nuclear energy sources. All these initiatives will fuel the growth of the market during the forecast period.

Various notable players in the Low Voltage Industrial Controls market include ABB UAE, Siemens UAE, Rockwell Automation UAE, Schneider Electric UAE, General Electric UAE, Honeywell International Inc., Fuji Electric Co., Ltd., Mitsubishi Electric Saudi Ltd., Alstom UAE and among others.

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The UAE Low Voltage Industrial Controls market has been segmented based on the product and application. Based on the product, the market is segmented Circuit Breaker, Contactors and Relays, Motor Starters, Thermal Overload Relay, Others. Based on the circuit breaker, the market is further segmented into Molded Case Circuit Breaker (MCCB), and Miniature Circuit Breaker (MCB). Based on application, the market is segmented into Process Industry, Manufacturing Industry, Transportation, Aerospace & Defence, Commercial, Residential, Renewable Energy, Telecommunication.

Market Segmentation

UAE Low Voltage Industrial Controls Market by Product

Circuit Breaker
- Molded Case Circuit Breaker (MCCB)
- Miniature Circuit Breaker (MCB)
Contactors and Relays
Motor Starters
Thermal Overload Relay
Others

UAE Low Voltage Industrial Controls Market by Application

Process Industry
Manufacturing Industry
Transportation
Aerospace & Defence
Commercial
Residential
Renewable Energy
Telecommunication

UAE Low Voltage Industrial Controls Market Leading Players (Option 1: Free 25% Customization - Profiles of 5 Additional Companies of your Choice)

ABB UAE
Siemens UAE
Rockwell Automation UAE
Schneider Electric UAE
General Electric UAE
Fuji Electric Co., Ltd.
Mitsubishi Electric Saudi Ltd.
Alstom UAE

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