Press release
Motor Control Centers Market With Top Companies Eaton Corporation, WEG SA, Siemens AG In 2025
The Global Motor Control Centers Market was valued at USD 4.57 billion in 2016 and is projected to reach USD 7.40 billion by 2025, growing at a CAGR of 5.53% from 2017 to 2025.A Motor Control Center (MCC) is an assembly of one or more enclosed sections having a common power bus and principally containing motor control units. Motor control centers primarily control the distribution of power to electric motors. Benefits of MCC include – quicker installation at a lower cost, saves floor space, reduced planning and downtime, expandability, increased level of safety, and faster delivery.
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Emerging power sector & augmented power generation capacities globally
1.2 Increasing demand for smart and integrated motor control & protection devices
1.3 Improving industrial infrastructure
1.4 Growing use of electric motors in key industries
1.5 Growing urbanization and industrialization
1.6 Government regulations to promote energy savings across major industries
1.7 High industrial plant uptime
2. Market Restraints
2.1 Reduction in mining activities
2.2 Complexity related with the maintenance of motor control centers
Market Segmentation:
The Global Motor Control Centers Market is segmented on the voltage, component, type, end user, standard, and region.
1. Voltage:
1.1 Low Voltage
1.2 Medium Voltage
2. By Component:
2.1 Variable Speed Drives
2.2 Soft Starters
2.3 Busbars
2.4 Circuit Breakers and Fuses
2.5 Overload Relays
2.6 Others
3. By Type:
3.1 Intelligent Motor Control Centers
3.2 Conventional Motor Control Centers
4. By End User:
4.1 Commercial
4.2 Industrial
4.2.1 Chemicals and Petrochemicals
4.2.2 Cement and Manufacturing
4.2.3 Mining and Metals
4.2.4 Food and Beverage
4.2.5 Oil & Gas
4.2.6 Utilities
4.2.7 Others
5. By Standard:
5.1 NEMA
5.2 IEC
5.3 Others
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Eaton Corporation, PLC
2. General Electric Company
3. Rockwell Automation, Inc.
4. Mitsubishi Electric Corporation
5. Technical Control Systems, Ltd.
6. WEG SA
7. Larsen & Toubro Limited
8. Fuji Electric Co., Ltd.
9. ABB, Ltd.
10. Siemens AG
11. Schneider Electric Se
12. Vidhyut Control India Pvt., Ltd.
13. Gemco Controls, Ltd.
14. Hyosung
15. Lsis Co., Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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