Manufacturing and Construction Reports by Million Insights Motor Control Centers Market Size, Share and Compr | Page 2

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.
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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.
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)