The global motor control centers market is projected to grow at a CAGR of 5.47%, from 2017 to 2022, to reach a market size of USD 6.22 Billion by 2022. This growth is attributed to increasing industrial automation in developed regions and increasing power generation capacity additions globally. The increased use of electric motors in key industries and increased industrial plant uptime is expected to boost the demand for motor control centers.
The leading players in the motor control centers market include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and General Electric Company (U.S.). New product developments was the most commonly adopted strategy by top players in the market from 2013 to 2017. It was followed by contracts & agreements, expansions, and mergers & acquisitions.
Get Sample Copy of Report Here: https://www.marketsandmarkets.com/requestsample.asp?id=227058918
Motor Control Center (MCC) is a factory assembly of motor starters and controllers in a common structure. These are centralized hubs comprising motor control units sharing a common power bus. Each section of an MCC features soft starters, feeders, transformers, adjustable frequency drives, overload relays, circuit breakers, and panel boards among others. When an overload condition exists, the overload relay protects the motor by disconnecting the power, however it does not provide short-circuit protection to the motor.
This study estimates the global market for motor control centers, in terms of USD, till 2021. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market. These include an analysis of the supply chain, Porter’s five forces model, a competitive landscape, market dynamics, market estimates in terms of value, and future trends in the motor control centers market.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=227058918
The low voltage segment is expected to hold the largest share of the motor control centers market, by voltage, during the forecast period
The low voltage segment includes motor control centers of up to 1 kV. The segment is expected to hold the major share due to the widespread adoption of low voltage motors in various industries globally. Low voltage motor control centers are mainly used in the chemicals and petrochemicals, paper and pulp, cement, food and beverage, automobile, oil and gas, cement, and textile industries. The market in Asia-Pacific is the largest for low voltage motor control centers because of rapid industrialization and urbanization in countries such as China and India. All these factors are expected to boost the low voltage motor control centers market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The report’s target audience includes:
- Motor control centers manufacturers, distributors, and suppliers
- State and national regulatory authorities
- Consulting companies in the energy and power sector
- Institutional investors and shareholders
- Environmental research institutes
- Process industries and power and energy associations
- Government and research organizations
- Petroleum companies
- Energy efficiency consultancies
Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Type (Light, Medium, Heavy), Application (Onshore & Offshore) & Region – Global Forecast to 2023
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441