Motor Control Centers Market
Motor Control Centers Market 2022 - By Type , By Voltage , By Standard , By Component , By End-User & Global Region - Market Size, Trends, Share & Forecast 2027Request Sample Request Discount
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A motor control center (MCC) is a steel structured assembly used to control the voltage, speed, torque, and frequency of motors, in large commercial and industrial buildings where there are many electric motors that require to be controlled from a central location, such as in mechanical or electrical rooms. It contains the combination motor control units, wire-ways, internal wirings, and common bus bars. Predominantly, the purpose of an MCC is to function as a power distribution center. MCC panels include push buttons, indicator lights, variable-frequency drives, programmable logic controllers, and metering equipment.
MCC’s offer enhanced protection in manufacturing units with intelligent monitoring and diagnostic capabilities from motor management relay and also provide quicker installation at a lower cost, saved floor space, reduced planning and downtime, expandability, increased level of safety, faster delivery, increasing efficiency and also minimal equipment damage.
The global MCC market is expected to grow at a thriving CAGR in the forthcoming years.
The growth of the market is attributed towards major pertaining factors including the increasing adoption of intelligent motor control centers in major industries globally, the growing demand for industrial and commercial automation, augmented power generation capacities worldwide, the constant need for electricity and the global growth in grid infrastructure, increasing capabilities of sensor and automation technologies and rising investment in their adoption, high demand for cost-effective solutions to lower the downtime and apparatus damages.
Additionally, the rising demand for motor control centers and increasing investments from industries such as mining and metal, food & beverage, metallurgy and electronics in the developing economies such as India, China, Brazil, and others are further projected to enhance the global motor control centers market over the upcoming years. The increased product launches by key market players is another key factor for the global motor control centers market growth.
Moreover, with the introduction of capital-intensive intelligent motor control centers; advantages such as increased reliability, lesser wiring, reduced maintenance time, greater precision in defect identification, remote monitoring and control, and greater compactness compared to traditional motor control centers is achieved, which drives growth in the overall MCC market. Furthermore, favorable government policies and regulations to promote energy saving across industries, rising demand and introduction of smart and integrated MCC and protection devices, continuous technological advancements as well as discoveries in communication and transmission networks are scaling the market to rise high.
However, high initial investments, stagnancy in the oil & gas industry resulting in the decrease of overall investments, decreasing mining activities in Asia Pacific, Latin America, and Africa, fluctuation in material costs and new product developments over conventional motor control centers are a few factors among others that restrain this market’s growth.
Also, the motor control centers market is expected to be affected in the short term owing to the shutting down of non-essential manufacturing sectors and other commercial sectors due to the ongoing widespread effects of the COVID-19 outbreak, which is set to decline the growth of the market temporarily.
MOTOR CONTROL CENTERS MARKET SEGMENTATION:
- Low Voltage
- Medium Voltage
- Circuit Breakers and Fuses
- Overload Relays
- Variable Speed Drives
- Soft Starters
- Metal Cabinet Sections
- Disconnecting Switches
- Oil & Gas
- Metals & Mining
- Chemical & Petrochemical
- Cement & Manufacturing
- Food & Beverage
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
The Asia Pacific region is projected to dominate and account for the largest regional market for MCCs in the next few years and is also expected to be the fastest growing market globally. This can be attributed to the rapid urbanization and industrialization in the region, the increasing power generation capacities, growing electricity demand, growing industrial automation, growth of various industries such as chemicals, power, and oil and gas, increasing power demand and infrastructure, increasing need and demand for high-efficiency motors in the region. The major contributors in the region include India, China, Japan, and Australia of which China is anticipated to be the leader.
The North American region is expected to be the second largest market globally for MCCs owing to the presence of well established companies indulged in the MCC manufacturing and service and also the increasing and consistent demand from various profound industries in the region.
Lastly, the European region is also expected to grow at a steady rate owing to the rising investments in power utilities and the increased expansion of industrial infrastructure in the region along with several other factors.
FEW KEY PLAYERS IN MOTOR CONTROL CENTERS MARKET:
- Technical Control Systems Ltd.
- Eaton Corporation
- Larsen & Toubro Limited
- LSIS Co. Ltd.
- Rockwell Automation Inc
- TES Group
- Schneider Electric
- Fuji Electric
- Vidhyut Electric
- Tesco Control
- Sun-Tech Engineers
- Gemco Controls
- ABB Ltd
- Mitsubishi Electric Corporation
- WEG SA.
- Hyosung Corporation
- General Electric Company
- Other Players
In November 2020, Spike Electric Controls known for its quick delivery of the highest quality manufactured electrical gear became part of the Schneider Electric OEM Partner Program to support the electrical distribution market. As an Authorized Schneider Electric Power Equipment Manufacturer (PEM) Partner for Quick Ship Custom Motor Control Centers & Replacement MCC Buckets, Spike Electric currently is said to offer quick-ship custom motor control centers & replacement MCC buckets.
In November 2020, Eaton Corp. reportedly notified state officials and staff that its electrical components manufacturing plant in east Fayetteville will undergo a restructuring next year that could result in the loss of around 130 jobs. The restructuring is part of the Ireland-based company's "ongoing efforts to navigate COVID-19 pandemic and economic realities in our end markets."
Timeline Considered for Analysis:
- 2021: Base Year
- 2022 to 2027: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global motor control centers market by the following segments:
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Motor Control Centers Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2027?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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