Motor Control Centres Market is set to witness a significant growth due to the growing demand for industrial automation

The global motor control centers market is estimated to be USD 4.77 Billion in 2017 and is expected to grow at a CAGR of 5.47%, from 2017 to 2022. A growing demand for industrial automation in developed regions, regulations promoting energy savings across major industries, and the booming power sector and augmented power generation capacities across the world are the major factors driving the motor control centers market.

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.

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Objectives of the Study

·         To define, describe, and forecast the global motor control centers market on the basis of type, voltage, component, standard, end-user, and region

·         To provide detailed information regarding the major factors influencing the growth of the motor control centers market (drivers, restraints, opportunities, and industry-specific challenges)

·         To strategically analyze the motor control centers market with respect to individual growth trends, future prospects, and contributions of each segment to the market

·         To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders

·         To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes market players on various parameters within the broad categories of business and product strategies

·         To strategically profile key players and comprehensively analyze their market shares and core competencies

Scope of the Report:

By Type

·        Conventional Motor Control Centers

·        Intelligent Motor Control Centers

By Voltage

·        Low Voltage

·        Medium Voltage

By Component

·        Busbars

·        Circuit Breakers and Fuses

·        Overload Relays

·        Variable Speed Drives

·        Soft Starters

·        Others

By Standard

·        IEC

·        NEMA

·        Others

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Target Audience:
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

In this report, the motor control centers market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. The market in Asia-Pacific is expected to lead the global motor control centers market by 2022 and is projected to grow at the highest CAGR, from 2017 to 2022. This growth is attributed to rising industrialization and urbanization and increasing power generation capacity in the region. 

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The oil & gas industry is one of the leading end-user industries for motor control centers. The recent downturn in crude oil prices has resulted in a steep fall in capital budgets, which has reduced the demand for industrial equipment. The stagnancy in the oil & gas industry is expected to act as a restraint for the motor control centers market. Motors and motor control centers are required for mining applications such as drills, hoists, mills, crushers, and conveyors, among others. Thus, the downturn in the mining industry is also expected to impact the growth of motor control centers market.
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