The projected expansion of the low voltage protection and control market is driven by increased power consumption, growing adoption of renewable energy sources, and rising demands from data centers and electric vehicles.<\/h2>\n
NEWARK, Del, March 21, 2024 (GLOBE NEWSWIRE) — According to Future Market Insights (FMI), the low voltage protection and control market<\/a> is anticipated to be valued at US$ 18 Billion<\/strong> by 2024. The market valuation is expected to be US$ 32.7 Billion<\/strong> by 2034, projected at a CAGR of 6.1%<\/strong>.<\/p>\n The expansion in the market for low voltage protection and control is rising due to several causes. The surge in the need for dependable and effective electrical infrastructure in sectors like industry, construction, and utilities is one of the main drivers.<\/p>\n Advancements in protection and control solutions are becoming increasingly necessary for protecting low voltage electrical systems from faults, overloads, and other hazards as the importance of safety and operational reliability grows.<\/p>\n Get Ahead of the Curve by Requesting a Sample Report Now!<\/strong> https:\/\/www.futuremarketinsights.com\/reports\/sample\/rep-gb-19287<\/a><\/p>\n With the rise in drivers, the market also faces some dangers and difficulties. The price fluctuation of raw materials poses a serious risk, mainly for components like copper and aluminum needed to make control and protection systems. Variations in the cost of materials can extensively affect the profit margins and product prices of the producers.<\/p>\n The market also introduces some market opportunities. Technological developments like digitization, integrating the Internet of Things, and smart grid projects present chances to improve the performance and efficiency of control and protection systems.<\/p>\n Boosting the need for creative solutions leads to the optimization of power usage, thus lessening its environmental effect due to the increased focus on sustainability and energy efficiency.<\/p>\n Key Takeaways from the Market Study:<\/strong><\/p>\n \u201cThe boom in the intensity on safety and reliability in electrical infrastructure across industries is one significant driver for the low voltage protection and control market,\u201d<\/em><\/strong> \u2013 opines Nikhil Kaitwade<\/a>, Associate Vice President at Future Market Insights (FMI).<\/p>\n Drive Your Business Growth Strategy: Purchase the Report for Key Insights! <\/strong>https:\/\/www.futuremarketinsights.com\/checkout\/19287<\/a><\/p>\n Competitive Landscape:<\/strong><\/p>\n Key competitors in the low voltage protection and control market provide various control and protection solutions mainly needed for various commercial and industrial uses.<\/p>\n Strong competition thus encourages product invention and quality enhancement by guaranteeing consumers access to dependable and effective goods. Some of the key developments are:<\/p>\n Key Companies Profiled in the Report:<\/strong><\/p>\n Request the Report Methodology to Understand our Research Process!<\/strong> https:\/\/www.futuremarketinsights.com\/request-report-methodology\/rep-gb-19287<\/a><\/p>\n Low Voltage Protection and Control Market Segmentation Analysis:<\/strong><\/p>\n By Product Type:<\/strong><\/p>\n By Application:<\/strong><\/p>\n By Region:<\/strong><\/p>\n About the Industrial Automation Division at Future Market Insights<\/strong><\/p>\n The industrial automation<\/a> team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one Billion+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.<\/p>\n Authored by:<\/strong><\/p>\n Nikhil Kaitwade<\/a> (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.<\/p>\n His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment\/divestment decisions, and market entry decision-making.<\/p>\n Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.<\/p>\n Explore <\/strong>Future Market Insights, Inc.<\/u><\/strong> Extensive Coverage in Industrial Automation Domain:<\/strong><\/p>\n The low voltage cable market<\/a> revenue is expected to total US$ 255.0 Billion by 2033.<\/p>\n The global\u00a0current-carrying wiring devices market<\/a>\u00a0size is projected to reach US$ 103.5 Billion in 2033.<\/p>\n The global\u00a0high voltage glass insulator market<\/a>\u00a0size is projected to be worth US$ 15,500 Million in 2033.<\/p>\n The global\u00a0insulated wires and cables market<\/a>\u00a0is projected to surpass US$ 334.7 Billion in 2033.<\/p>\n The global\u00a0insulated gate bipolar transistors (IGBT)\u00a0market<\/a>\u00a0is projected to surpass US$ 14.9 Billion\u00a0in 2033.<\/p>\n The global\u00a0plate heat exchanger market<\/a> is projected to surpass US$ 6,463.9 Million by 2033.<\/p>\n The global\u00a0process liquid analyzer market<\/a>\u00a0is estimated to be worth around US$ 4,888.5 Million in 2033.<\/p>\n Global\u00a0low-voltage motor\u00a0market<\/a> is anticipated to be valued at\u00a0US$ 75 Billion\u00a0in 2032.<\/p>\n The medium voltage transformer market<\/a> is likely to reach US$ 19,080.56 Million by 2033.<\/p>\n The\u00a0power transformer market<\/a>\u00a0is poised to grow at a 5% CAGR from 2023 to 2033.<\/p>\n About Future Market Insights (FMI):<\/strong><\/p>\n Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.<\/p>\n Contact Us:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n Nandini Singh Sawlani<\/a>\u00a0\u00a0\u00a0<\/strong><\/p>\n Future Market Insights Inc. \n
\n
\n
\n
\n
\n
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:\u00a0<\/strong>sales@futuremarketinsights.com<\/a>
Website:<\/strong>\u00a0https:\/\/www.futuremarketinsights.com<\/a>
LinkedIn<\/a>|\u00a0Twitter<\/a>|\u00a0Blogs<\/a> | YouTube<\/a><\/p>\n![](\"https:\/\/ml.globenewswire.com\/media\/NGFkYmI1MDItNTA3My00M2ZlLWJmYWEtNTRmNTBjMDU1YmRiLTEwOTU2NDU=\/tiny\/Future-Market-Insights-Global-.png\")
<\/p>\n
![\"Primary](\"https:\/\/ml.globenewswire.com\/media\/915d2f9c-7dc6-40c7-995c-2ba168208baa\/small\/future-market-insights-png.png\")
<\/a><\/p>\n![\"\"](\"https:\/\/www.einpresswire.com\/tracking\/article.gif?t=2&a=PpMG-teKTRQYRWNf&i=OcnJu9A7-Hq-LiMD\"\/)
<\/p>\n