Witness the Excellent Long-Term Growth Outlook of Motor
Control Centers Market: $6.22 Billion by 2022
The global motor control centers market is projected to grow at a CAGR of 5.47%, from 2017 to
2022, to reach a market size of USD 6.22 Billion by 2022. This growth is attributed to increasing
industrial automation in developed regions and increasing power generation capacity additions
globally. The increased use of electric motors in key industries and increased industrial plant
uptime is expected to boost the demand for motor control centers.
The leading players in the motor control centers market include ABB, Ltd. (Switzerland), Schneid er
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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The low voltage segment is expected to hold the largest share of the motor control centers
market, by voltage, during the forecast period
The low voltage segment includes motor control centers of up to 1 kV. The segment is expected
to hold the major share due to the widespread adoption of low voltage motors in various
industries globally. Low voltage motor control centers are mainly used in the chemicals and
petrochemicals, paper and pulp, cement, food and beverage, automobile, oil and gas, cement,
and textile industries. The market in Asia-Pacific is the largest for low voltage motor control
centers because of rapid industrialization and urbanization in countries such as China and India.
All these factors are expected to boost the low voltage motor control centers market.
The busbars segment is the largest motor control centers market, by component
The busbars segment held the largest share of the motor control centers market in 2016. A
busbar is the most important component of a motor control center as it acts as a common
voltage point for all electrical equipment connected to the MCC. The increase in the flexibility,
efficiency, and reliability of busbars and the elimination of the need for a dditional wires have led
to the rising demand for busbars in the motor control centers market. Busbars are mainly used in
utilities to deliver power to buildings and in industrial applications to deliver power to electrical
loads.