Motor Control Centers Market Share, Key Players, Opportunity and Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled Motor Control Centers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global motor control centers market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Motor Control Centers Market?

The global motor control centers market size reached US$ 5.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

What are Motor Control Centers?

Motor control centers (MCCs) are specialized electrical enclosures or cabinets that house motor control units and associated components. They are an integral part of industrial electrical systems and are used to control and distribute power to electric motors in a wide variety of applications. MCCs provide a centralized location for motor starters, variable frequency drives (VFDs), motor protection devices, and other control and monitoring equipment. Motor control centers typically consist of vertical sections or compartments, each containing individual motor control units called buckets. These buckets house the motor starters, which control the starting, stopping, and speed regulation of the connected motors. MCCs also include devices for motor protection, such as overload relays and circuit breakers, to prevent damage from overloads, short circuits, and other electrical faults. The primary purpose of a motor control center is to regulate and manage the operation of electric motors, ensuring their safe and efficient performance. MCCs simplify motor control by consolidating the necessary components in a single enclosure, thereby facilitating easy access, maintenance, and troubleshooting. They are commonly used in industries, such as manufacturing, oil and gas, mining, water treatment, and utilities. MCCs are designed to meet industry standards for safety, reliability, and performance. They can be customized to accommodate the specific requirements of a given application, including the number and size of motors, voltage, and current ratings, and environmental considerations.

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What are the Growth Prospects and Trends in the Motor Control Centers Industry?

The widespread adoption of industrial automation represents one of the significant factors driving the growth of the market across the globe. This, coupled with the rising need for modernization in manufacturing processes is acting as a major growth-inducing factor. In line with this, the increasing investments in energy infrastructure, including power generation, transmission, and distribution, are contributing to the growth of the market. In addition to this, the rising use of these centers to regulate and protect motors in power generation plants, substations, and other energy infrastructure facilities is driving the growth of the market. The market is also driven by the increasing demand for energy-efficient motor control centers, along with the rising focus on energy conservation and sustainability. Apart from this, the rising incorporation of advanced technologies, such as variable frequency drives (VFDs) and intelligent motor control systems, resulting in reduced energy consumption and improved operational efficiency is further facilitating the growth of the market. Moreover, the increasing demand for safety, including protection against electrical faults, short circuits, and overloads, is driving the growth of the market. Other factors, including the rising requirement for motor control centers in industries, such as oil and gas, manufacturing, water and wastewater, and mining, to ensure efficient and safe operation of their equipment, increasing industrialization, rapid urbanization, and significant advancements in motor control center technology, such as the integration of smart and IoT-enabled features, are creating a positive outlook for the market across the globe.

Who are the Key Players Operating in the Motor Control Centers Market?

The competitive landscape of the industry has also been examined with some of the key players.

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

What is Included in Market Segmentation?

The report has categorized the market based on type, voltage, component, and end-use sector.

Breakup by Type:

Conventional
Intelligent

Breakup by Voltage:

Low Voltage
Medium Voltage

Breakup by Component:

Overload Relays
Circuit Breakers Fuses
Soft Starters
Busbars
Variable Speed Drives
Others

Breakup by End-Use Sector:

Industrial Sector
Commercial Sector

Breakup by Region

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of The Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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