Press release
Motor Control Centers Market 2018:Global Key Players are General Electric, Siemens AG, ABB, Ltd., Schneider Electric SE, Rockwell Automation
Market HighlightsGrowing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the global motor control centers market size over the forecast timeline. The motor control centers provides the most appropriate method for grouping electrical motor control, automation, and power distribution in compact and cost-effective package.
Motor control centers comprise of entirely enclosed, dead front, self-standing structures anchored together. These sections supports and host control units, a common busbars for distributing power to the control units, and a network of wire trough and conductor entrance areas for accommodating inward and outward load and control wires.Global Motor Control Centers Market is predicted to grow at approximately 5.95% by 2023
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Key Players:
The key players of global Motor Control Centers market are
• General Electric (U.S.),
• Siemens AG (Germany),
• ABB, Ltd. (Switzerland),
• Schneider Electric SE (France),
• Rockwell Automation (U.S.),
• Mitsubishi Electric Corporation (Japan),
• Hyosung Corporation (South Korea),
• Larsen & Toubro Limited (India),
• Technical Control Systems Ltd. (U.K),
• WEG S.A. (Brazil).
The global motor control centers market has been analyzed based on type, voltage, components, end-users and regions. On the basis of type, the global motor control centers system market has been segmented as conventional and intelligent. Based on voltage, it is classified as, low voltage and medium voltage. Based on components, it is classified as busbars, circuit breakers & fuses, overload relays, variable speed drives, soft starters and others. Based on end-users, it is further classified as industrial & commercial and utilities.
Busbars segment of motor control center is expected to grow at the highest rate in the motor control centers market from 2017-2023.
The busbars segment of the motor control centers market, by component, accounted for the largest market size in 2016 and is expected to dominate the market during forecast period. Busbars are the prime current carrying constituents of motor control centers. The growth in the flexibility, proficiency, and consistency of busbars have led to the rising demand for busbars in the motor control centers market..
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Global Motor Control Centers Market:
The global motor control centers market is driven by the need for reliable electric supply, maximum safety in transmission & distribution network, and also the investments into the replacement of matured electric grid structures with modern upgraded ones. The Asia-Pacific region is the leading market for motor control centers. The rapid industrialization, urbanization, and fast economic growth in countries such as India and China, will drive the market for motor control centers.
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