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Motor Control Centers Market To Witness Enhanced Usage In Various Industrial Verticals Till 2023 | Million Insights

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Motor Control Centers Market To Witness Enhanced Usage In Various Industrial Verticals Till 2023 | Million Insights

August 06
07:53 2019
Motor Control Centers Market To Witness Enhanced Usage In Various Industrial Verticals Till 2023 | Million Insights

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According to new report available with Million Insights, Motor control centers (MCC) are centralized systems that establish the controls for the industrial electric motors mainly related to factory machinery. These centers range in size from smaller portable cabinets to larger systems that are attached to the floor. Intelligent motor control centers and conventional motor control centers are the types that could be explored in motor control centers in the forecast period.

Global Motor Control Centers Market is expected to grow at a significant CAGR of 5.78% in the upcoming period as the scope and its applications are rising enormously across the globe. Motor control centers (MCC) are centralized systems that establish the controls for the industrial electric motors mainly related to factory machinery. These centers range in size from smaller portable cabinets to larger systems that are attached to the floor. They also vary from low to high voltages based on the motors to be controlled.

The factors that are playing a major role in the growth of market are growing demand for motor control centers from major manufacturers, rising industrial automation in developed regions, and growing power generation capacity across the globe. However, fluctuation in material costs may restrain overall market growth in the years to come. Motor control centers market is segmented based on type, voltage, component, standard, end-user, and region.

Intelligent motor control centers and conventional motor control centers are the types that could be explored in motor control centers in the forecast period. Medium and low voltage are the voltage types that could be explored in motor control centers in the forecast period.

Full Research Report On Global Motor Control Centers Market Analysis available at: https://www.millioninsights.com/industry-reports/motor-control-center-mcc-market

Several components of motor control centers such as soft starters, bus bars, variable speed drives, circuit breakers and fuses, overload relays, and others could be explored in the forecast period. The bus bars sector accounted for the significant market share of motor control centers and is estimated to lead the overall market in the years to come. Based on standard NEMA, IEC, and others could classify motor control centers in the forecast period. The IEC sector accounted for the substantial market share of motor control centers and is estimated to lead the overall market in the years to come.

The market may be categorized based on end users like a commercial, industrial, and others that could be explored in the forecast period. The industrial sector comprises food 7 beverage, oil & gas, cement & manufacturing, mining & metals, chemicals and petrochemicals, utilities, and others. The oil & gas sector accounted for the substantial market share of motor control centers and is estimated to continue its dominance in the years to come. The reason behind the growth of sector could be the rising use of motor control centers for drilling and other processes. In addition, the utility sector is estimated to grow at the highest CAGR in the years to come.

Globally, Asia Pacific accounted for the substantial market share of motor control centers and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be growing urbanization & industrialization and rising power generation capacity. Also, the sector is estimated to grow at highest CAGR in the forecast period. The developing countries like India and China are the major consumers of motor control centers in this region.

North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the forecast period. The key players of motor control centers market are Siemens, ABB, Schneider Electric, Eaton, Rockwell Automation, and General Electric. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Motor Control Centers (MCC) in these regions, from 2012 to 2023 (forecast), covering

• North America (United States, Canada and Mexico)

• Europe (Germany, France, UK, Russia and Italy)

• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

• South America (Brazil, Argentina, Columbia)

• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Motor Control Centers (MCC) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• ABB

• Eaton Corporation

• Schneider Electric

• Siemens

• General Electric

• Rockwel Automation

• Tesco Controls

• Atmel Corporation

• WEG SA

• Vidhyut Control India

• Mitsubishi Electric

• Fuji Electric

• Gemco Controls

• SUN-Tech Engineers

• Rolla

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• Low Voltage Motor Control Centers

• Medium Voltage Motor Control Centers

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Motor Control Centers (MCC) for each application, including

• Industrial

• Commercial

• Other

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/industrial-automation

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