Motor Control Centers Market was estimated at USD 4,500 Million in 2020 and predicted to grow at 5.2% CAGR during forecast period.

Introduction of the Motor Control Centres Market Report

The Motor Control Centre (MCC) refers to the centre of controlling the operation of the electric motor. It is the assembly of one or more enclosed sections having a power bus with motor control units. It includes parts such as fuses, switches, variable frequency drives, and programmable controllers. The global motor control centres market covers types such as conventional and intelligent.

To have an edge over the competition by knowing the market dynamics and current trends of “Motor Control Centres Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The increasing demand for industrial automation in the developed countries, along with the growing use of electric motor and the rising power generation capacities, are some of the major factors that are contributing to the growth of the global motor control centres market share. There has been a surge in the adoption of intelligent motor control centres that allow diagnostic capabilities, loss detection, and predictive maintenance feature. The motor control centres ae equipped with process control and smart motor devices which helps in improving the performance specially in energy-intensive applications. In the chemical & petrochemical sector, electric motor is used to drive pumps, compressors, fans, and extruders. Companies in industry verticals such as chemical, rubber & plastics, fine chemicals, others, are focusing on bringing innovation in the process operations with an aim to offer efficient solution to control the electric motor.

The growing investments in the industrial sectors such as electronics, mining & metal is further surging the growth of the market. The motor control centres are used to control and manage process management. As per the World Investment Report 2018, the Asia-Pacific amounted for investment for USD 476 million from FDI in 2017 from China and Singapore. The introduction of various government regulations to support the energy-saving standards is further driving the market growth. In 2017, Italy launched the National Energy Strategy, which is a ten-year plan with an aim to decrease energy consumption by 30% by the end of 2030. Thus, this will encourage the adoption of motor control centre solutions to improve operational efficiency in different industries.

Restraint in the Motor Control Centres Market

On the other hand, the stagnancy in investment specially from the oil and gas sector, is hampering the growth of the global motor control centre market. In addition to this, the reducing crude oil prices are further decreasing the investments in the oil & gas sector.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Type – Segment Analysis

Based on the type, the conventional motor control is expected to grow at a higher CAGR during the forecast period. This is mainly due to its increasing demand for industrial automation, especially in the developed countries, as it offers benefits such as smooth maintenance, improved reliability, and operability.

Voltage – Segment Analysis

Based on the voltage, the low voltage is projected to grow at a higher CAGR during the forecast period. The growing preference for low voltage motor control centres due to their increased adoption is contributing to the growth of the market.

Component – Segment Analysis

Based on the component, the circuit breakers & fuses is expected to dominate the market over the forecast period. The continuous expansion of the power distribution & transmission sector, along with the growth in the related markets such as switchgear and transformers are surging the demand for the segment in the market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, Asia-Pacific is expected to lead the market during the forecast period. This is mainly due to the increasing demand for motor control centres, mainly driven by the rapid urbanization and industrialization. Moreover, the rising power generation capacity and the strong demand for electricity are further opening new doors for the growth of the regional market. For instance, in 2017, the Indian government mandated to increase the implementation of Make-In-India, with an aim to improve manufacturing competitiveness, thus driving the demand for industrialization.

Top Market Players

Some of the leading players operating in the market include ABB, Mitsubishi Electric, Siemens, Schneider Electric, WEG, Powell, Rockwell Automation, Eaton, Marine Electricals, and Ingeteam S.A., among others.

Key Developments:

• • In 2019, Schneider Electric launched its ArcBlok Technology in the Square D Brand Model 6 Motor Control Centre (MCC).

Segments covered in the Report:

The global Motor Control Centres market has been segmented on the basis of Type, End User, Standard, Component, Voltage, and regions. Based on Type, the market is segmented into Intelligent and Conventional. Based on End User, the market is segmented into Industrial and Commercial. Based on Standard, the market is segmented into IEC, NEMA, and Others. Based on Component the market is segmented into Busbars, Circuit breakers & Fuses, Overload relays, variable speed drivers, soft starters, and Others. Based on the Voltage, the market is segmented into low voltage and medium voltage. 

For detailed scope of the “Motor Control Centres Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Motor Control Centres market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Motor Control Centres market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Motor Control Centres market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various End User areas of global Motor Control Centres market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2020)	USD 4,500 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End User, By Standard, By Component, By Voltage, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	ABB, Mitsubishi Electric, Siemens, Schneider Electric, WEG, Powell, Rockwell Automation, Eaton, Marine Electricals, and Ingeteam S.A., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Motor Control Centres Market by Type

• • Intelligent
  • Conventional

Global Motor Control Centres Market by End User

• • Industrial
  • Commercial

Global Motor Control Centres Market by Standard

• • IEC
  • NEMA
  • Others

Global Motor Control Centres Market by Component

• • Busbars
  • Circuit breakers & Fuses
  • Overload relays
  • Variable speed drivers
  • Soft starters
  • Others

Global Motor Control Centres Market by Voltage

• • Low Voltage
  • Medium Voltage

Global Motor Control Centres Market by Region

• • North America Motor Control Centres Market (Option 1: As a part of the free 25% customization)
    • North America Motor Control Centres Market by Type
    • North America Motor Control Centres Market by End User
    • North America Motor Control Centres Market by Standard
    • North America Motor Control Centres Market by Component
    • North America Motor Control Centres Market by Voltage
    • US Motor Control Centres Market All-Up
    • Canada Motor Control Centres Market All-Up
  • Europe Motor Control Centres Market (Option 2: As a part of the free 25% customization)
    • Europe Motor Control Centres Market by Type
    • Europe Motor Control Centres Market by End User
    • Europe Motor Control Centres Market by Standard
    • Europe Motor Control Centres Market by Component
    • Europe Motor Control Centres Market by Voltage
    • UK Motor Control Centres Market All-Up
    • Germany Motor Control Centres Market All-Up
    • France Motor Control Centres Market All-Up
    • Spain Motor Control Centres Market All-Up
    • Rest of Europe Motor Control Centres Market All-Up
  • Asia-Pacific Motor Control Centres Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Motor Control Centres Market by Type
    • Asia-Pacific Motor Control Centres Market by End User
    • Asia-Pacific Motor Control Centres Market by Standard
    • Asia-Pacific Motor Control Centres Market by Component
    • Asia-Pacific Motor Control Centres Market by Voltage
    • China Motor Control Centres Market All-Up
    • India Motor Control Centres Market All-Up
    • Japan Motor Control Centres Market All-Up
    • Rest of APAC Motor Control Centres Market All-Up
  • RoW Motor Control Centres Market (Option 4: As a part of the free 25% customization)
    • RoW Motor Control Centres Market by Type
    • RoW Motor Control Centres Market by End User
    • RoW Motor Control Centres Market by Standard
    • RoW Motor Control Centres Market by Component
    • RoW Motor Control Centres Market by Voltage
    • Brazil Motor Control Centres Market All-Up
    • South Africa Motor Control Centres Market All-Up
    • Saudi Arabia Motor Control Centres Market All-Up
    • UAE Motor Control Centres Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Motor Control Centres Market All-Up

Major Players Operating in the Motor Control Centres (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • Mitsubishi Electric
  • Siemens
  • Schneider Electric
  • WEG
  • Powell
  • Rockwell Automation
  • Eaton
  • Marine Electricals
  • Ingeteam S.A.