Intelligent Motor Control Center Market Size 2022: Analysis by Top Impacting Factors, Emerging Trends, Industry Share, Applications and Forecasts Up To 2027- Rockwell Automation Inc.,  Eaton Corporation

The Intelligent Motor Control Center market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Intelligent Motor Control Center Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

The Intelligent Motor Control Center Market is expected to register a CAGR of 9.39% over the forecast period 2022 - 2027.

Competitive Landscape: Rockwell Automation Inc.,  Eaton Corporation,  Schneider Electric SE,  ABB Limited,  Siemens AG,  Larson & Turbo Limited,  General Electric Co.,  Technical Control Systems Limited and Others

Industry News:

Rockwell Automaton added five new members to its Machine Safety System Integrator program. Created in 2014, the program helps industrial companies identify system integrators with current safety standards expertise and a proven track record in designing safety systems.
GE Power's Grid Solutions business has launched in India a first-of-its-kind Advanced Distribution Management Solution (ADMS) in collaboration with Tata Power Delhi Distribution (Tata Power DDL), a pioneer in India's power distribution landscape. The newly launched ADMS, which will facilitate advanced monitoring, analysis and improved control and planning operations, will help Tata Power-DDL to enhance the reliability, safety, and efficiency of Delhi's distribution network.

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Scope of the Report:

The impact on IMCCs, due to advancements in technology, made its components (electromechanical relays, circuit breakers, electronic devices, such as variable frequency drives) more robust, and in turn, increased the robustness of the IMCCs. The lifecycle of an IMCC is more than 20 years, which tremendously reduces the replacement rate of equipment. Even in case of product defects, end users are likely to replace only the faulty components rather than the entire equipment, which results in depletion of revenues in the market.
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. Automated systems are replacing manual labor in various industrial processes.

Key Market Trends:

Automotive End User to Account for Significant Share

IMCC finds applications in the manufacturing plants of automotive and other transport vehicles, such as ships and railway carriages. IMCC demand in vehicle manufacturing is expected to increase at a steady pace, particularly in Germany, United States, and Japan, owing to the presence of a robust automotive manufacturing sector and higher penetration of industrial automation.
Organisation Internationale des Constructeurs d'Automobiles (OICA) reported that the total number of cars produced in 2016 amounted to 94,976,569 units. The growing demand for automobiles is expected to continue over and beyond the forecast period, which will, in turn, create a demand for effective manufacturing equipment and technologies.

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North America to Account for Major Share

The North American market is a relatively mature market, but still presents ample opportunities for the implementation of new technologies, such as IMCC. The Energy Information Administration (EIA) estimated that nearly half of the electricity used by the US manufacturers was for operating machinery, of which machine drives (motors) consumed the most.
Such estimates determine the need for efficient motor control systems. Connected manufacturing units in the region support the adoption of IMCC, as a better alternative for reduced energy consumption. The oil & gas industry is expected to be the most prominent end-user in the North American market
IMCCs are predominantly used in the renewable energy industry. Tax incentives have been implemented to encourage the growth of wind energy in the region. In 2016, the wind workforce grew by about 32% emphasizing the growth of this form, in energy production

Regional Analysis for Intelligent Motor Control Center Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Intelligent Motor Control Center Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about Intelligent Motor Control Center report coverage:

- A complete background analysis, which includes an assessment of the Global Intelligent Motor Control Center Market.

- Important changes in Intelligent Motor Control Center market dynamics

- Intelligent Motor Control Center Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Intelligent Motor Control Center market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Intelligent Motor Control Center industry developments

- Intelligent Motor Control Center Market shares and strategies of key players

- Emerging niche Intelligent Motor Control Center segments and regional markets

- An objective assessment of the trajectory of the Intelligent Motor Control Center market

- Recommendations to companies for strengthening their foothold in the Intelligent Motor Control Center market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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