See What Impacts Happens on Motor Control Centers
Market till 2022
The report "Motor Control Centers Market by Type (Intelligent and Conventional), Voltage
(Low and Medium), End-User (Industrial and Commercial), Standard (IEC and NEMA),
Component, and Region - Global Forecast to 2022", The motor control centers market is
expected to grow from an estimated value of USD 4.77 Billion in 2017 to USD 6.22 Billion by
2022, at a CAGR of 5.47%, from 2017 to 2022. The global market is set to witness a significant
growth due to the growing demand for industrial automation in developed regions and
regulations promoting energy saving across major industries.
Browse 82 market data tables and 73 figures spread through 182 pages and in -depth TOC
on "Motor Control Centers Market - Global Forecast to 2022"
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 a cts 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 additional 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.
The industrial segment is expected to be the fastest growing end-user segment of
the motor control centers market