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Intelligent Motor Control Centers Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

04-07-2023 02:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Intelligent Motor Control Centers Market is Anticipated

The global intelligent motor control centers (IMCC) market is growing at a steady rate and is estimated to witness a significant CAGR during the forecast period. Intelligent motor control centers or MCCs are a group of advanced communication technologies that are integrated with intelligent motor control devices. An MCC is a factory assembly of several motor starters that include motor control units to perform their principal operations. 

The rising demand for IMCC in the automotive manufacturing sector and growing trends for industrial automation are anticipated to drive the market growth during the forecast period. The increasing adoption of intelligent MCC over an existing MCC further supplements the growth of the market. Additionally, the significant increase in technological advancements and surging investments by manufacturers to propel network communication and automation solutions in vehicles is expected to leverage the global intelligent motor control centers market during the forecast period. 

Some key vendors present in the global IMCC market include General Electric Co., Eaton Corp., and Schneider Electric SE, among others adopted enormous strategies to stay competitive in the market. Product launches, mergers & acquisitions, and others are some key strategies adopted by the market players. For instance, in June 2019, Schneider Electric declared to launch an innovative motor control center integrated with arc flash isolation design.  

To Request a Sample of our Report on Intelligent Motor Control Centers Market:  https://www.omrglobal.com/request-sample/intelligent-motor-control-centers-market

Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered- 
By Operating Voltage
By End-User 
Competitive Landscape- General Electric Co., Eaton Corp., and Schneider Electric SE, among others.

Intelligent Motor Control Centers Market Report Segmentation

By Operating Voltage

Low-Voltage Intelligent MCCs 
Medium-Voltage Intelligent MCCs

By End-User

Automotive
Chemicals/Petrochemicals 
Food and Beverages 
Mining and Metals 
Pulp and Paper 
Power Generation 
Oil and Gas
Others

A full Report of Intelligent Motor Control Centers Market is Available at:  https://www.omrglobal.com/industry-reports/intelligent-motor-control-centers-market

Intelligent Motor Control Centers Market by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/intelligent-motor-control-centers-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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