Motor Control Centers Global Market by Component, Opportunities, Analysis and Forecasts to 2023

According to Publisher, The Global Motor Control Centers Market is accounted for $4.96 billion in 2016 and expected to grow at a CAGR of 7.0% to reach $7.98 billion by 2023. The market is driven by growing demand for industrial automation in developed regions, increased use of electric motors in key industries, increased industrial plant uptime and booming power sector & augmented power generation capacities globally. Further, rising demand for smart and integrated motor control & protection devices and up gradation of industrial infrastructure in developed countries would provide greater opportunities. However, decrease in mining activities in Asia-Pacific, Latin America, & Africa and stagnant growth in the oil & gas industry will impede market growth.

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The low voltage segment is anticipated to attribute the largest share due to the adoption of low voltage motors in various industries. This market is heavily concentrated in the oil & gas and mining sectors. Among type, Intelligent Motor Control Systems is integrated with advanced communication capabilities of integrated architecture with motor control devices. iMCCs, provide remote diagnostic capabilities as well as features such as loss detection and predictive maintenance. Manufacturers use the National Electrical Manufactures Association (NEMA) and International Electro-Technical Commission (IEC) standards to produce motor control centers equipments.
The industrial segment is expected to be the fastest growing sector due to increasing surge for adoption of automation across various industries. U.S. based Rockwell Automation sells MCC under the brand name, NEMA CENTERLINE 2100, which is highly durable and used for integrating process control and power.

North America is projected to be the largest market throughout the forecast period due to awareness regarding the electronics automation industry in the U.S. and Canada. Asia-Pacific is fastest growing market. A remarkable perspective towards manufacturing sectors in China and India play a vital role in developing the market growth. The infrastructural developments and investments in the water and wastewater industry in the Middle East & Africa are expected to drive the market.

The key players in Global Motor Control Centers market are ABB, Siemens, GE, Rockwell Automation, Sun-Tech Engineers, Mitsubishi, Gemco Controls, Vidyut Control India Private and WEG.
Voltages Covered:
-Low Voltage
-Medium Voltage

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Components Covered:
-Circuit breakers & fuses
-Soft starters
-Busbars
-Overload relays
-Variable Speed Drives

Types Covered:
-Intelligent Motor Control Centers (iMCC)
-Conventional Motor Control Centers

End Users Covered:
-Commercial
-Industrial

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

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