The global motor control centers market reached a value of US$ 5.5 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.
Motor control centers (MCCs) are enclosed assemblies of centralized systems that control the functioning and regulate the distribution of power to industrial motors. Consisting of several components such as frequency drives, programmable controllers, metering apparatus, busbars and wire-ways inside an integrated panel, they significantly aid in increasing productivity and reducing operating expenses. Furthermore, they can simplify wiring, rearrange units, minimize downtime, reduce repair time and facilitate monitoring of the equipment. Owing to these benefits, MCCs find extensive application across various industry sectors such as oil & gas, metals & mining, utility, chemicals and petrochemicals, etc.
The rising trend of industrial automation, along with increasing power generation capacities is the key factor driving the growth of the market. Initiatives to upgrade the existing power infrastructure to meet the global energy requirement has significantly enhanced the adoption of MCCs across the globe. Furthermore, energy providers are increasingly emphasizing on developing reliable electricity supply and maximize safety in the distribution and transmission networks. The introduction of intelligent MCCs is also contributing to the market growth as they offer real-time monitoring facility, enable predictive maintenance and assist in conducting advanced diagnostics of the electronic systems. Moreover, the adoption of the Internet of Things (IoT)-enabled MCCs have encouraged the vendors to develop advanced control modules and integrate smart devices with medium voltage variants. Other factors, including various technological advancements, implementation of loss detection feature and rapid urbanization, are also projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global motor control centers market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, type, voltage, component, and end-use sector.
Breakup by Type:
Breakup by Voltage:
Breakup by Component:
Breakup by End-Use Sector:
Breakup by Region
The competitive landscape of the industry has also been examined with some of the key players being ABB, Atmel Corporation, Eaton Corporation, Fuji Electric Co., General Electric, Larsen & Toubro, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens AG, TESCO Controls Inc., WEG Industries, etc.
The global motor control centers market reached a value of US$ 5.5 Billion in 2020.
According to the estimates by IMARC Group, the motor control centers market is expected to exhibit moderate growth during the next five years.
The market is experiencing growth on account of the increasing trend of automation in industrial processes, along with the escalating demand for reliable electricity supply and maximizing safety in the transmission and distribution (T&D) network.
Several initiatives are currently being undertaken in numerous countries to upgrade the existing power infrastructure to meet energy requirements. Additionally, the leading players are introducing smart motor control centers to expand their consumer base.
The market is experiencing a negative impact on account of lockdowns imposed by governments of numerous countries as a response to the mass spread of COVID-19. The non-essential activities have been halted, which has interrupted the operations of several manufacturing units worldwide.
On the basis of the type, the market has been bifurcated into conventional and intelligent motor control centers.
Based on the voltage, the market has been bifurcated into low and medium voltage motor control centers.
Based on the component, the market has been classified into overload relays, circuit breakers and fuses, soft starters, busbars, variable speed drives, and others.
On the basis of the end use sector, the market has been divided into the industrial and commercial sectors.
On the geographical front, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, Argentina, Columbia, Chile, Peru and others); and the Middle East and Africa (the United Arab Emirates Turkey, Saudi Arabia, Iran and others)
Leading industry players are ABB Group, Eaton Corporation Plc, Fuji Electric Co., Ltd., General Electric Company, Larsen & Toubro Limited, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, TESCO Controls, Inc., WEG Equipamentos Elétricos S.A and Microchip Technology Inc.
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