Motor Control Centers Market Scenario
As per a detailed analysis by Market Research Future (MRFR), the global motor control centers market is predicted to garner 5.95% CAGR during the forecast period (2018-2023). The surging demand for reliable electric supply is encouraging the growth of the market. A motor control center (MMC) can be defined as a centralized system in which all the combination starters are assembled and are connected through a common source power bus. They are mainly used to control the distribution of power to the electrical motors. The MMC panels comprise program controllers, variable frequency drives, and meeting devices. It is made of a steel structure and contains the combination wire-ways, motor control units bus bars, and internal wiring.
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Market Potential and Pitfalls
The motor control centers market has witnessed a tectonic surge in the past few years due to the surging demand for reliable electric supply along with subsequent investment in distribution and transmission network, developing safe electrical infrastructure, and grid expansion. Motor control centers are highly accepted across the globe in several commercial and industrial sector due to its properties like controlling the motors in phase from a central position. It also offers flexibility while adhering to the complex distribution of electrical system. It comes with a compact design with low manufacturing cost which makes it permeable to be installed in industrial and utilities sector. Such factors are considered to encourage the motor control centers market growth in the foreseeable future. The growth in grid infrastructure across the world coupled with the constant need for electricity are some of the major factors triggering the demand for motor control centers across the globe. The improvement in safety for MCCs is another major factor likely to stimulate the market growth in the coming years. The requirement for cost-effective solution to reduce equipment damage and downtime is considered to fuel the market growth. The booming industrial automation coupled with the constant upgradation in the power infrastructure are likely to boost the market in the long run.
The segmental investigation of the motor control center market is conducted on the basis of type, voltage, component, end-user, and region.
On the basis of type, the motor control centers market is segmented into intelligent motor control centers and conventional motor control centers.
Based on the voltage, the motor control center market is segmented into low voltage and medium voltage.
Based on the Component, the motor control center market is segmented into circuit breakers & fuses, busbars, variable speed drives, overload relays, soft starters, and others.
On the basis of End User, the motor control center market is commercial, industrial, and utilities.
Based on the region, motor control center market is segmented into Europe, Asia Pacific, North America, and other regions.
Geographically, the motor control centers market span across regions namely, Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Considering the global scenario, Asia Pacific is considered to lead the market across the globe. The growth has been ascribed to the steady industrialization, rapid economic growth in economies like China and India, and booming urbanization. The high demand for electricity in this region is contributing to the growth of the market. The Chinese market is anticipated to dominate the market in this region. The surging power generation capacity additions coupled with the industrialization projects in India, Japan, and China are likely to spur the growth of the regional market.
May 01, 2019: The recently released insulated bus option for Allen-Bradley CENTERLINE 2100 motor control centers from Rockwell Automation has ensured that the industrial workers feel safe and also experience ease of maintenance. The insulated bus is a ready-to-install wrap which is attached to the horizontal bus on an MCC and prevents arc propagation.
The prominent players operating in the global motor control centers market comprises Siemens AG (Germany), General Electric (U.S.), Schneider Electric SE (France), ABB, Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Rockwell Automation (U.S.), Larsen & Toubro Limited (India), Hyosung Corporation (South Korea), WEG S.A. (Brazil), and Technical Control Systems Ltd. (U.K).
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