Motor Control Centers Market Poised to Touch US$ 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), 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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Motor Control Center (MCC) is a factory assembly of motor starters and controllers in a common
structure. These are centralized hubs comprising motor control units sharing a common power
bus. Each section of an MCC features soft starters, feeders, transformers, adjustable frequency
drives, overload relays, circuit breakers, and panel boards among others. When an ov erload
condition exists, the overload relay protects the motor by disconnecting the power, however it
does not provide short-circuit protection to the motor.
This study estimates the global market for motor control centers, in terms of USD, till 2021. It
also offers a detailed qualitative and quantitative analysis of the market. The report provides a
comprehensive review of major market drivers, restraints, opportunities, challenges, winning
imperatives, and key issues. It also covers various important aspects of the market. These include
an analysis of the supply chain, Porter’s five forces model, a competitive landscape, market
dynamics, market estimates in terms of value, and future trends in the motor control centers
market.
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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