封面
市场调查报告书
商品编码
1284083

到 2028 年的低压电机控制中心市场预测 - 按类型(传统电机控制中心、智能电机控制中心)、按电压(低压、中压)、按组件、按应用、按地区分类的全球分析

Low Voltage Motor Control Center Market Forecasts to 2028 - Global Analysis By Type (Conventional Motor Control Centers and Intelligent Motor Control Centers), Voltage (Low Voltage and Medium Voltage), Component, Application and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 175+ Pages | 商品交期: 2-3个工作天内

价格

据 Stratistics MRC 预测,2022 年低压电机控制中心的全球市场规模将达到 40.3 亿美元,预计到 2028 年将达到 55.9 亿美元,预计将以期内復合年增长率为5.6%。

低压电机控制中心 (LV-MCC) 是一种配置,由一个或多个共享电源总线的封闭部分组成,主要用于容纳电机控制器。 这种电机控制中心非常适合将电机控制、配电和自动化集成到一个紧凑且价格合理的容器中。 最大2500A水平母线和1600A垂直母线,采用插拔式全高单元技术。 用于建筑、石油和天然气、汽车製造、住宅、工业和商业领域。

市场动态:

驱动程序

工业自动化的发展

新兴国家的工业自动化提高了工业厂房的开工率,扩大了发电能力,产生了重大影响。 大大提高了电动机的潜力。 工业自动化消除了人为干预,大大提高了利润、生产率、安全和质量效益。 低压电机控制中心的製造商应该能够从当前工业基础设施的持续技术进步和改进中获益匪浅。

约束

油气行业投资下降

石油和天然气行业专注于充分利用现有设备,而不是投资于新的、更高效的设备。 在经历了当前的油价形势后,石油和天然气行业正在寻求提高生产率并以更少的资源更高效地运营。 由于原油价格下跌,预计电机控制中心市场将受到油气投资下降的製约。

机会

对智能电机控制设备的需求不断增长

最新趋势是使用传统模拟和机电技术的简单智能电机控制系统。 微处理器技术的进步增强了电机控制和安全功能。 整个行业的技术进步和自动化程度的提高增加了对智能电机控制中心等智能设备的需求。 这些智能仪器具有快速反应时间、高级诊断、精细控制和远程监控等特点。 将多种功能集成到一个智能设备中可以减少所需的零件数量,从而增加市场需求。

威胁

安装成本高

安装电机控制中心是一个相对简单的过程,但也涉及大量资本支出。 因此,电力公司和终端用户安装困难。 此外,中小型行业也不愿意引入电机控制中心,因为相对于单块面板的运行,投资金额较大。 因此,初期投资大、成本高于同类产品,往往是电机控制中心市场面临的挑战。

COVID-19 的影响:

COVID-19 的迅速传播对全球商业活动产生了重大影响,扰乱了供应链并伤害了许多企业。 大流行对低压电机控制中心市场产生了重大影响,导致产量下降,进而导致销量下降。 这种不可避免的情况很可能导致订单积压和设备价格上涨。

母线板行业预计在预测期内规模最大

Busbar 部分估计有良好的增长。 母线是低压电机控制中心的主要载流元件。 电力公司使用母线为建筑物供电,企业使用母线为电力负载供电。 汇流排是传统布线的绝佳替代品,因为它们可以为安装人员和客户节省时间、金钱和空间。 汇流排市场预计将从所有这些推动力中增长。

石油和天然气行业有望在预测期内见证最高的复合年增长率

在预测期内,石油和天然气行业预计将以最快的复合年增长率增长。 石油和天然气精炼厂使用低压电机控制中心来集中控制为泵、生产和加工、空气压缩机、钻井和许多其他工业活动提供动力的电机。 石油和天然气行业要求所有类型的电机控制中心都具有针对电压、速度和频率尖峰的充分保护,以确保不间断的业务运营。

市场份额最高的地区:

由于主要国家的投资增加,预计亚太地区在预测期内将占据最大的市场份额。 中国、印度、日本和澳大利亚是低压电机控制中心最重要的出口市场。 亚太市场预计将受到扩大基础设施项目、提高发电能力、持续强有力的政府举措和项目以及增加对水和废水行业的投资的推动。

复合年增长率最高的地区:

由于工业自动化程度不断提高,预计亚太地区在预测期内将占据最大的市场份额。 在亚洲,为了提高生产效率和降低故障率,正在向工厂自动化转变。 城市化、工业化和不断增加的电力消耗正在推动该地区的市场。 此外,由于电力消耗增加和发电能力提高,该地区的电机控制中心市场有望增长。

主要发展:

2023 年 3 月,Siemens AG 成立了一家新的领先电机和大型驱动器公司 Innomotics。 在此名称下,西门子将整合其在低压至高压电机、齿轮电机、中压变频器和电主轴领域的业务。 包括创新解决方案和数字化产品组合,范围广泛的服务产品。

2022 年 8 月,罗克韦尔自动化将与 Bravo Motor Company 建立合作伙伴关係,Bravo Motor Company 是一家加利福尼亚运营商,提供脱碳应用创新,专注于电池、汽车和储能係统的生产。宣布建立前所未有的合作伙伴关係。

2022 年 5 月,GE 宣布推出 Lifespan,这是一种新的数字产品组合,使客户能够优化其车队中可再生资产的性能和运营。 Lifespan 的产品组合完全集成,与技术无关,并与运营商一起设计以推动运营改进。

本报告内容

  • 区域和国家细分市场份额评估
  • 向新进入者提出战略建议
  • 2020、2021、2022、2025 和 2028 年的综合市场数据
  • 市场驱动因素(市场趋势、制约因素、机遇、威胁、挑战、投资机会、建议)。
  • 根据市场预测在关键业务领域提出战略建议
  • 竞争格局映射关键共同趋势。
  • 公司简介,包括详细的战略、财务状况和近期发展
  • 映射最新技术进步的供应链趋势

免费定制优惠:

购买此报告的客户将获得以下免费定制选项之一:

  • 公司简介
    • 其他市场参与者的综合概况(最多 3 家公司)
    • 主要参与者的 SWOT 分析(最多 3 家公司)
  • 区域细分
    • 根据客户的要求对主要国家/地区的市场估计/预测/复合年增长率(注意:基于可行性检查)。
  • 竞争基准
    • 根据产品组合、区域影响力和战略联盟对主要参与者进行基准测试

内容

第 1 章执行摘要

第二章前言

  • 概览
  • 利益相关者
  • 调查范围
  • 调查方法
    • 数据挖掘
    • 数据分析
    • 数据验证
    • 研究方法
  • 调查来源
    • 主要研究来源
    • 二级研究来源
    • 假设

第三章市场趋势分析

  • 司机
  • 约束因素
  • 机会
  • 威胁
  • 应用分析
  • 新兴市场
  • COVID-19 的影响

第 4 章波特五力分析

  • 供应商的议价能力
  • 买家的议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第 5 章全球低压电机控制中心市场,按类型

  • 常规电机控制中心
  • 智能电机控制中心

第 6 章全球低压电机控制中心市场:按电压分类

  • 低电压
  • 中压

第 7 章全球低压电机控制中心市场,按组件

  • 汇流排
  • 断路器和保险丝
  • 过载继电器
  • 变速驱动
  • 软启动器
  • 其他组件

第 8 章全球低压电机控制中心市场,按应用

  • 食品和饮料
  • 石油和天然气
  • 陶瓷
  • 纤维
  • 冰雪奇缘
  • 化学和石化产品
  • 公共工程
  • 发电
  • 水泥和製造业
  • 采矿和金属
  • 塑料和橡胶
  • 汽车和交通工具
  • 供水和污水处理
  • 生命科学
  • 纸张和纤维素
  • 其他用途

第 9 章全球低压电机控制中心市场,按地区分列

  • 北美
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 意大利
    • 法国
    • 西班牙
    • 其他欧洲
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳大利亚
    • 新西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 其他南美洲
  • 中东和非洲
    • 沙特阿拉伯
    • 阿拉伯联合酋长国
    • 卡塔尔
    • 南非
    • 其他中东和非洲地区

第10章主要发展

  • 合同、伙伴关係、协作和合资企业
  • 收购与合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第11章公司简介

  • Mitsubhishi Electric Corporation
  • Technical Control Systems, Ltd
  • Tesco Controls Inc
  • Larsen & Toubro Limited
  • ABB Ltd
  • Fuji Electric Co
  • Allis Electric Co Ltd
  • Ingeteam
  • Weg SA
  • EAMFCO
  • Eaton Corporation PLC
  • Rockwell Automation Inc
  • Siemens AG
  • Schneider Electric SE
  • General Electric Company
Product Code: SMRC22974

According to Stratistics MRC, the Global Low Voltage Motor Control Center Market is accounted for $4.03 billion in 2022 and is expected to reach $5.59 billion by 2028 growing at a CAGR of 5.6% during the forecast period. A low voltage motor control center (LV-MCC) is a configuration comprising one or more enclosed portions that share a power bus and are primarily used to house motor control devices. For integrating electrical motor control, power distribution, and automation into a compact and affordable container, a motor control center of this kind is ideal. With up to 2500A horizontal and 1600A vertical bus, it features plug-in, withdrawable, and full-height unit technology. They operate in the construction, oil and gas, and automobile manufacturing industries, as well as the residential, industrial, and commercial sectors.

Market Dynamics:

Driver:

Developments in industrial automation

The uptime of industrial plants has increased, and electricity generating capacity is expanding largely due to the adoption of industrial automation in emerging economies. It significantly increased the potential of electric motors. Industrial automation eliminated human intervention and increased profit, production rate, safety, and quality advantages significantly. The makers of low voltage motor control centers should expect to benefit significantly from ongoing technological advancements and improvements to the current industrial infrastructure.

Restraint:

Decreasing investments in the oil & gas industry

Instead than investing in newer, more efficient items, oil and gas businesses are concentrating more on increasing operational effectiveness with the existing machinery. After the sector gets through the present oil price scenario, businesses are trying to streamline operations by boosting productivity and using fewer resources. The market for motor control centers is anticipated to be constrained by the fall in oil and gas investments as a result of the drop in crude oil prices.

Opportunity:

Rising demand for smart motor control devices

Simple smart motor control systems that use traditional analog or electromechanical technologies are the latest trend. The development of microprocessor technology has enhanced motor control and safety features. Industry-wide technological advancements and greater automation have boosted the demand for intelligent devices like intelligent motor control centers. These intelligent gadgets include capabilities including quick reaction times, sophisticated diagnostics, fine control, and remote monitoring. Multiple functionalities are merged into a single intelligent device, reducing the number of components needed and enhancing the market demand.

Threat:

High installation costs

Installing motor control centers could be a relatively straightforward process, but at the same time, it involves considerable capital expenditure. This makes it difficult for the utilities and end-users to install them. Due to the high investment needed compared to a single panel operation, small and medium-sized industries also avoid installing motor control centers. Thus, heavy initial investments and higher cost than its counterparts tend to be a challenge for the motor control centers market.

COVID-19 Impact:

The rapid spread of COVID-19 significantly affected worldwide commercial operations, upsetting the supply chain and hurting a number of businesses. The pandemic has had a significant effect on the low voltage motor control center markets, resulting in decreased production and, therefore, sales. Due to these unavoidable circumstances, order backlogs will develop, which will probably drive up the price of the equipment.

The busbars segment is expected to be the largest during the forecast period

The busbars segment is estimated to have a lucrative growth. Busbars are the main current-carrying elements in low voltage motor control centers. These are employed by utilities to supply electricity to buildings and by businesses to supply electrical loads. Busbars are a great alternative to traditional cabling since they save time, money, and space for both the installer and the customer. The busbars market is predicted to grow as a result of all these triggers.

The oil & gas segment is expected to have the highest CAGR during the forecast period

The oil & gas segment is anticipated to witness the fastest CAGR growth during the forecast period. In oil and gas refineries, low voltage motor control centers are used to centrally manage the electric motors that power a variety of industrial activities, including pumping, production and processing, air compressors, and drilling, among others. All varieties of motor control centers are required by the oil and gas sector to offer adequate protection against voltage, speed, and frequency spikes in order to maintain uninterrupted business operations.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the raising investments by the major economies. The most significant export markets for low voltage motor control centers are China, India, Japan, and Australia. The market in the Asia Pacific area will be driven by expanding infrastructure projects, increasing power generation capacity, strong governmental efforts and continuing projects as well as rising investments in the water and wastewater industry.

Region with highest CAGR:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing trend toward industrial automation. Asia is undergoing a change in factory automation to improve production efficiency and lower failure rates. Rising urbanization, industrialization, and power consumption are the key drivers of this region's market development. The market for motor control centers in the area is also anticipated to grow as a result of rising electricity consumption and power generating capacity increase.

Key players in the market:

Some of the key players profiled in the Low Voltage Motor Control Center Market include Mitsubhishi Electric Corporation, Technical Control Systems, Ltd, Tesco Controls Inc, Larsen & Toubro Limited, ABB Ltd, Fuji Electric Co, Allis Electric Co Ltd, Ingeteam, Weg SA, EAMFCO, Eaton Corporation PLC, Rockwell Automation Inc, Siemens AG, Schneider Electric SE and General Electric Company.

Key Developments:

In March 2023, Siemens AG launched a new leading motor and large drives company called Innomotics. Under this name, Siemens is combining its business activities in the areas of low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles. The portfolio includes innovative solutions and digitalization portfolio and a broad range of service offerings.

In August 2022, Rockwell Automation announces an unprecedented partnership with Bravo Motor Company, a California-based business offering applied innovation around decarbonization, with a focus on the production of batteries, vehicles, and energy-storage systems.

In May 2022, GE announced the launch of Lifespan, a new digital product portfolio enabling customers to optimize renewable asset performance and operations across their fleet. The Lifespan suite of products are fully integrated, technology agnostic, and were designed side-by-side with operators to drive improved operations.

Types Covered:

  • Conventional Motor Control Centers
  • Intelligent Motor Control Centers

Voltages Covered:

  • Low Voltage
  • Medium Voltage

Components Covered:

  • Busbars
  • Circuit Breakers & Fuses
  • Overload Relays
  • Variable Speed Drives
  • Soft Starters
  • Other Components

Applications Covered:

  • Food & Beverages
  • Oil & Gas
  • Ceramic
  • Textile
  • Refrigeration
  • Chemicals & Petrochemicals
  • Utilities
  • Power Generation
  • Cement & Manufacturing
  • Mining & Metals
  • Plastic & Rubber
  • Automotive & Transportation
  • Water & Wastewater
  • LifeSciences
  • Paper & Cellulose
  • Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Low Voltage Motor Control Center Market, By Type

  • 5.1 Introduction
  • 5.2 Conventional Motor Control Centers
  • 5.3 Intelligent Motor Control Centers

6 Global Low Voltage Motor Control Center Market, By Voltage

  • 6.1 Introduction
  • 6.2 Low Voltage
  • 6.3 Medium Voltage

7 Global Low Voltage Motor Control Center Market, By Component

  • 7.1 Introduction
  • 7.2 Busbars
  • 7.3 Circuit Breakers & Fuses
  • 7.4 Overload Relays
  • 7.5 Variable Speed Drives
  • 7.6 Soft Starters
  • 7.7 Other Components

8 Global Low Voltage Motor Control Center Market, By Application

  • 8.1 Introduction
  • 8.2 Food & Beverages
  • 8.3 Oil & Gas
  • 8.4 Ceramic
  • 8.5 Textile
  • 8.6 Refrigeration
  • 8.8 Chemicals & Petrochemicals
  • 8.8 Utilities
  • 8.9 Power Generation
  • 8.10 Cement & Manufacturing
  • 8.11 Mining & Metals
  • 8.12 Plastic & Rubber
  • 8.13 Automotive & Transportation
  • 8.14 Water & Wastewater
  • 8.15 LifeSciences
  • 8.16 Paper & Cellulose
  • 8.18 Other Applications

9 Global Low Voltage Motor Control Center Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 Mitsubhishi Electric Corporation
  • 11.2 Technical Control Systems, Ltd
  • 11.3 Tesco Controls Inc
  • 11.4 Larsen & Toubro Limited
  • 11.5 ABB Ltd
  • 11.6 Fuji Electric Co
  • 11.7 Allis Electric Co Ltd
  • 11.8 Ingeteam
  • 11.9 Weg SA
  • 11.10 EAMFCO
  • 11.11 Eaton Corporation PLC
  • 11.12 Rockwell Automation Inc
  • 11.13 Siemens AG
  • 11.14 Schneider Electric SE
  • 11.15 General Electric Company

List of Tables

  • Table 1 Global Low Voltage Motor Control Center Market Outlook, By Region (2020-2028) ($MN)
  • Table 2 Global Low Voltage Motor Control Center Market Outlook, By Type (2020-2028) ($MN)
  • Table 3 Global Low Voltage Motor Control Center Market Outlook, By Conventional Motor Control Centers (2020-2028) ($MN)
  • Table 4 Global Low Voltage Motor Control Center Market Outlook, By Intelligent Motor Control Centers (2020-2028) ($MN)
  • Table 5 Global Low Voltage Motor Control Center Market Outlook, By Voltage (2020-2028) ($MN)
  • Table 6 Global Low Voltage Motor Control Center Market Outlook, By Low Voltage (2020-2028) ($MN)
  • Table 7 Global Low Voltage Motor Control Center Market Outlook, By Medium Voltage (2020-2028) ($MN)
  • Table 8 Global Low Voltage Motor Control Center Market Outlook, By Component (2020-2028) ($MN)
  • Table 9 Global Low Voltage Motor Control Center Market Outlook, By Busbars (2020-2028) ($MN)
  • Table 10 Global Low Voltage Motor Control Center Market Outlook, By Circuit Breakers & Fuses (2020-2028) ($MN)
  • Table 11 Global Low Voltage Motor Control Center Market Outlook, By Overload Relays (2020-2028) ($MN)
  • Table 12 Global Low Voltage Motor Control Center Market Outlook, By Variable Speed Drives (2020-2028) ($MN)
  • Table 13 Global Low Voltage Motor Control Center Market Outlook, By Soft Starters (2020-2028) ($MN)
  • Table 14 Global Low Voltage Motor Control Center Market Outlook, By Other Components (2020-2028) ($MN)
  • Table 15 Global Low Voltage Motor Control Center Market Outlook, By Application (2020-2028) ($MN)
  • Table 16 Global Low Voltage Motor Control Center Market Outlook, By Food & Beverages (2020-2028) ($MN)
  • Table 17 Global Low Voltage Motor Control Center Market Outlook, By Oil & Gas (2020-2028) ($MN)
  • Table 18 Global Low Voltage Motor Control Center Market Outlook, By Ceramic (2020-2028) ($MN)
  • Table 19 Global Low Voltage Motor Control Center Market Outlook, By Textile (2020-2028) ($MN)
  • Table 20 Global Low Voltage Motor Control Center Market Outlook, By Refrigeration (2020-2028) ($MN)
  • Table 21 Global Low Voltage Motor Control Center Market Outlook, By Chemicals & Petrochemicals (2020-2028) ($MN)
  • Table 22 Global Low Voltage Motor Control Center Market Outlook, By Utilities (2020-2028) ($MN)
  • Table 23 Global Low Voltage Motor Control Center Market Outlook, By Power Generation (2020-2028) ($MN)
  • Table 24 Global Low Voltage Motor Control Center Market Outlook, By Cement & Manufacturing (2020-2028) ($MN)
  • Table 25 Global Low Voltage Motor Control Center Market Outlook, By Mining & Metals (2020-2028) ($MN)
  • Table 26 Global Low Voltage Motor Control Center Market Outlook, By Plastic & Rubber (2020-2028) ($MN)
  • Table 27 Global Low Voltage Motor Control Center Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
  • Table 28 Global Low Voltage Motor Control Center Market Outlook, By Water & Wastewater (2020-2028) ($MN)
  • Table 29 Global Low Voltage Motor Control Center Market Outlook, By LifeSciences (2020-2028) ($MN)
  • Table 30 Global Low Voltage Motor Control Center Market Outlook, By Paper & Cellulose (2020-2028) ($MN)
  • Table 31 Global Low Voltage Motor Control Center Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.