Press release
Intelligent Motor Control Center Market to grow from a market value of USD 3.98 billion in 2017 to USD 5.57 billion by 2023| Top Vendors - ROCKWELL AUTOMATION INC., EATON CORPORATION, SCHNEIDER ELECTRIC SE, EMERSION ELECTRIC COMPANY, SIEMENS AG, amongst o
Market Analysis:IMCCs are useful as they combine hardware, software, and communication systems. Data generated by PLCs and motor starters is collected and analyzed to minimize the equipment downtime of the motors. Motor life is a very important factor to be considered. Loss detection and soft start of the motors help the motor save energy and reduce the replacement rate of the motors, increasing cost savings.
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Automation is a growing trend that is witnessed across various industries. High labor costs and high competitive rivalry have triggered the demand for automated systems in the processes. These solutions are replacing manual labor in various industrial processes. They are also prominent in manufacturing industries such as automobile manufacturing. The oil and gas industry has the highest number of intelligent Motor Control Centers (IMCC), owing to the continuous operation nature of the plants. Adoption of iMCC technologies has led to the cost savings in this industry. Medium voltage IMCCs is expected to have the highest growth rate.
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Market Segments:
Intelligent Motor Control Center Market is segmented by:
1. Voltage: Low-voltage Intelligent MCCs, Medium-voltage Intelligent MCCs
2. End User: Automotive, Chemicals/Petrochemicals, Food and Beverage, Mining and Metals, Pulp and Paper, Power Generation, Oil and Gas, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• December 2017: ABB India got orders for automation and electrical system for a 2 MPTA Greenfield plant in Odisha by Emami Cement.
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You can edit or delete your press release Intelligent Motor Control Center Market to grow from a market value of USD 3.98 billion in 2017 to USD 5.57 billion by 2023| Top Vendors - ROCKWELL AUTOMATION INC., EATON CORPORATION, SCHNEIDER ELECTRIC SE, EMERSION ELECTRIC COMPANY, SIEMENS AG, amongst o here
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