The Infinium Global Research analyzes the Motors Control Centers Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global motors control centers market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of motors control centers. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the motors control centers market during the period.
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Rising Demand for Smart and Integrated Motor Control & Protection Devices are Expected to Provide Growth Opportunities for the Market
Regulations promoting energy savings across major industries and increased use of electric motors in key industries are primary driving factors of the motor control center market. Further, factors such as the development of the power infrastructure, cost-effective motor starter solution, and minimal equipment damage are other driving factors of the market. Increasing demand for industrial automation in developed countries is boosting the market growth. However, stagnant growth in the oil & gas industry is restraining the market growth. Moreover, the rising demand for smart and integrated motor control & protection devices are expected to provide growth opportunities for the market.
Motors Control Centers Market: Segmentation
The global motor control center market is segmented on the basis of type, voltage, component, and end-user. On the basis of type, the market is segmented into conventional MCC and intelligent MCC. Based on voltage, the sub-markets include low voltage MCC and medium voltage MCC. Based on the component, the market is segmented into bus bars, overload relays, variable speed drives, soft starters, and other components. The bus bars segment holds a large market share owing to its use in buildings, in industrial applications, to electrical loads. By end-user, the market is categorized into oil & gas, chemical & petrochemicals, utilities, food & beverage, mining, and other end-users. The oil & gas segment holds a large market share due to the rising use of motor control centers for drilling and other processes.
Asia-Pacific Holds the Largest Market Share of the Global Motor Control Center Market
Among the regions, Asia-Pacific holds the largest market share of the global motor control center market followed by North America. The rapid industrialization, urbanization, and fast economic growth in countries such as India and China are driving the growth of the market in the Asia-Pacific region. Growing industrial automation is driving the market growth in the North America region.
Motors Control Centers Market: Competitive Analysis
Some of the industry participants of the global motor control center market are ABB, Siemens AG, Rockwell Automation, Inc., Vidyut Controls India Pvt. Ltd., General Electric, Siemens AG, Sun-Tech Engineers, Mitsubishi Motors Corporation, Gemco Controls Ltd., and WEG Industries among the others.
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- Comprehensive analysis of global as well as regional markets of the motors control centers.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.