New ARC Advisory Group research on the Low Voltage Controlgear market reveals that after two years of strong growth the market will lose steam in 2019 and 2020, due to the expected slowdown around the globe. Automotive, a key market, will be hit especially hard.
“The controlgear market is mature, but we see a lot of activity in Asia as local players challenge established European suppliers,” according to David Humphrey, Research Director at ARC Advisory Group, and key author of ARC’s Low Voltage Controlgear Global Market Research 2018-2023 report.
“The market for low voltage controlgear is ripe for consolidation. Controlgear products are commodities and are easily substituted, so it is increasingly difficult for smaller suppliers to compete on anything but price. If the financials are in order, look for some acquisitions in the coming years,” added Humphrey.
About the Low Voltage Controlgear Research
This ARC market research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year forecasts for the low voltage controlgear market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, and hardware type.
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 a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes five years of historical data in addition to the current base year market data and five-year market forecast. 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.
- 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. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.