HOME Top Market Reports Motor Control Centers Market by Type (Intelligent and Conventional), Voltage (Low and Medium), & End-User (Industrial and Commercial), Component, Standard (IEC and NEMA), and by Region - Trends & Forecasts to 2021

Motor Control Centers Market by Type (Intelligent and Conventional), Voltage (Low and Medium), & End-User (Industrial and Commercial), Component, Standard (IEC and NEMA), and by Region - Trends & Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: EP 3593

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


Motor control centers market is expected to grow from an estimated USD 4.51 Billion in 2016 to USD 5.83 Billion by 2021, at a CAGR of 5.3% from 2016 to 2021. Growing demand for industrial automation and regulations promoting energy savings across major industries are the major factors driving the motor control centers market.

The motor control centers market has been segmented on the basis of type, voltage, end-user, component, standard, and region. The years considered for the study are:

  • Historical Year – 2014
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global motor control centers market by type, voltage, standard, component, end-user, and region
  • To provide a detailed information regarding major factors influencing the growth of the motor control centers market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues related to the market)
  • To strategically analyze the motor control centers market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global motor control centers market. Primary sources are mainly several industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations from companies, and organizations related to all the segments of this industry’s value chain. The below given points explains the research methodology.

  • Studied annual revenue and market developments of major players providing motor control centers
  • Analysis of major applications and demand of motor control centers from end-user industries
  • Assessment of future trends and industrial growth of end-user industries
  • Analysis of country-wise industrial growth and infrastructure development for the past 3 years
  • Analysis of major international standards for motor control centers
  • Analysing market trends in various regions/ and countries
  • Overall market sizes have been finalized by triangulating with the supply-side data, which include product developments, supply chain, and annual revenues of companies manufacturing motor control centers across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

Motor Control Centers Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem for the global motor control centers market starts with suppliers of basic components, such as, variable speed drives, circuit breakers, bus bars, overload relays, and wires, among others. The manufactured parts are then assembled by the OEM (Siemens AG, ABB Ltd., and Eaton Corporation among others) to form a motor control center, which is then tested. After this stage, distribution comes next, in which, majority of the production is directed towards end-users.

Motor Control Centers Market

Target Audience:

The report’s target audience includes:

  • Motor control center manufacturers, dealers, and suppliers
  • Consulting companies in the energy and power sector
  • Government and research organizations
  • Investors/shareholders
  • Environmental research institutes
  • Process industries and power industry associations
  • Petroleum companies (diesel and natural gas suppliers)
  • Energy efficiency consultancies

Scope of the Report:

  • By Type
    • Intelligent
    • Conventional
  • By Voltage
    • Low (<1 kV)
    • Medium (1 kV–15kV)
  • By Component
    • Circuit Breakers & Fuses
    • Bus Bars
    • Variable Speed Drives
    • Soft Starters
    • Overload Relays
    • Others
  • By Standard
    • IEC
    • NEMA
    • Others
  • By End-User
    • Commercial
    • Industrial
      • Oil & Gas
      • Mining & Metals
      • Chemicals & Petrochemicals
      • Cement
      • Utilities
      • Food & Beverage
      • Others
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
           2.1.3 Key Industry Insights
                    2.1.3.1 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 27)
    3.1 Introduction
    3.2 Historical Backdrop, Evolution, & Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 33)
    4.1 By End-User
    4.2 By Component
    4.3 By Voltage
    4.4 Asia-Pacific Motor Control Centers Market, 2016
    4.5 India, China, Japan, & Brazil Expected to Grow at the Highest CAGR From 2016 to 2021

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Motor Control Centers Market Segmentation
           5.2.1 By Type
           5.2.2 By Component
           5.2.3 By Voltage
           5.2.4 By Standard
           5.2.5 By End-User
           5.2.6 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Demand for Industrial Automation in Developed Regions
                    5.3.1.2 Regulations Promoting Energy Savings Across Major Industries
                    5.3.1.3 Increased Industrial Plant Uptime
           5.3.2 Restraints
                    5.3.2.1 Decreasing Greenfield Investments
           5.3.3 Opportunities
                    5.3.3.1 Increasing Urbanization & Industrialization
                    5.3.3.2 Upgradation of Industrial Infrastructure in Developed Countries
           5.3.4 Challenges
                    5.3.4.1 High Level of Complexity Involved in the Maintenance of Motor Control Centers
    5.4 Motor Control Centers Market: Supply Chain Analysis
           5.4.1 Raw Material Suppliers
           5.4.2 OEM Manufacturers & Assemblers
           5.4.3 Distributors
           5.4.4 End-Users
    5.5 Porter’s Five Forces Analysis
           5.5.1 Threat of New Entrants
           5.5.2 Threat of Substitutes
           5.5.3 Bargaining Power of Suppliers
           5.5.4 Bargaining Power of Buyers
           5.5.5 Intensity of Competitive Rivalry
    5.6 Standards
           5.6.1 NEMA Standard Classification for Motor Control Centers
                    5.6.1.1 NEMA Class I
                    5.6.1.2 NEMA Class II
                    5.6.1.3 NEMA Class IS
                    5.6.1.4 NEMA Class IIS
           5.6.2 International Electrotechnical Commission(IEC) for Motor Control Centers
           5.6.3 Institute of Electrical and Electronic Engineers (IEEE) for Motor Control Centers
           5.6.4 Others

6 Motor Control Centers Market, By Type (Page No. - 53)
    6.1 Introduction
    6.2 Conventional Motor Control Centers
    6.3 Intelligent Motor Control Centers

7 Motor Control Centers Market, By Voltage (Page No. - 57)
    7.1 Introduction
    7.2 Low Voltage Motor Control Centers
    7.3 Medium Voltage Motor Control Centers

8 Motor Control Centers Market, By End-User (Page No. - 61)
    8.1 Introduction
           8.1.1 Industrial
                    8.1.1.1 Oil & Gas
                    8.1.1.2 Mining & Metals
                    8.1.1.3 Utilities
                    8.1.1.4 Chemicals & Petrochemicals
                    8.1.1.5 Cement
                    8.1.1.6 Food & Beverage
                    8.1.1.7 Others
           8.1.2 Commercial

9 Motor Control Centers Market, By Component (Page No. - 70)
    9.1 Introduction
    9.2 Busbars
    9.3 Circuit Breakers & Fuses
    9.4 Overload Relays
    9.5 Variable Speed Drives
    9.6 Soft Starters
    9.7 Others

10 Motor Control Centers Market, By Standard (Page No. - 77)
     10.1 Introduction
     10.2 Motor Control Center Standard

11 Motor Control Centers Market, By Region (Page No. - 80)
     11.1 Introduction
     11.2 Asia-Pacific
             11.2.1 By Voltage
             11.2.2 By End-User
                        11.2.2.1 By Industrial End-User
             11.2.3 By Component
             11.2.4 By Type
             11.2.5 By Country
                        11.2.5.1 China
                        11.2.5.2 India
                        11.2.5.3 Japan
                        11.2.5.4 Australia
                        11.2.5.5 Rest of Asia-Pacific
     11.3 North America
             11.3.1 By Voltage
             11.3.2 By End-User
                        11.3.2.1 By Industrial End-User
             11.3.3 By Component
             11.3.4 By Type
             11.3.5 By Country
                        11.3.5.1 U.S.
                        11.3.5.2 Canada
                        11.3.5.3 Rest of North America
     11.4 Europe
             11.4.1 By Voltage
             11.4.2 By End-User
                        11.4.2.1 By Industrial End-User
             11.4.3 By Component
             11.4.4 By Type
             11.4.5 By Country
                        11.4.5.1 U.K.
                        11.4.5.2 Germany
                        11.4.5.3 France
                        11.4.5.4 Italy
                        11.4.5.5 Spain
                        11.4.5.6 Rest of Europe
     11.5 Middle East & Africa
             11.5.1 By Voltage
             11.5.2 By End-User
                        11.5.2.1 By Industrial End-User
             11.5.3 By Component
             11.5.4 By Type
             11.5.5 By Country
                        11.5.5.1 Saudi Arabia
                        11.5.5.2 UAE
                        11.5.5.3 Kuwait
                        11.5.5.4 Algeria
                        11.5.5.5 South Africa
                        11.5.5.6 Rest of the Middle East & Africa
     11.6 South America
             11.6.1 By Voltage
             11.6.2 By End-User
                        11.6.2.1 By Industrial End-User
             11.6.3 By Component
             11.6.4 By Type
             11.6.5 By Country
                        11.6.5.1 Brazil
                        11.6.5.2 Argentina
                        11.6.5.3 Venezuela
                        11.6.5.4 Rest of South America

12 Competitive Landscape (Page No. - 114)
     12.1 Overview
     12.2 Competitive Situation & Trends
             12.2.1 New Product Development
             12.2.2 Partnerships/Agreements/Collaborations
             12.2.3 Investments & Expansions
             12.2.4 Mergers & Acquisitions
             12.2.5 Other Developments

13 Company Profiles (Page No. - 121)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 ABB Ltd.
     13.3 Eaton Corporation
     13.4 Schneider Electric Sa
     13.5 Siemens AG
     13.6 General Electric
     13.7 Rockwell Automation
     13.8 WEG SA
     13.9 Vidhyut Control India Pvt. Ltd.
     13.10 Mitsubishi Electric Corporation
     13.11 Fuji Electric Co. Ltd.
     13.12 Gemco Controls Ltd.
     13.13 Sun-Tech Engineers
     13.14 Rolla Ltd.
     13.15 Technical Control System Limited

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 151)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (85 Tables)

Table 1 Motor Control Centers Market Size, By Type, 2014–2021 (USD Million)
Table 2 Conventional: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 3 Intelligent: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 4 Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 5 Low Voltage: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 6 Medium Voltage: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 7 Motor Control Centers Market Size, By End-User, 2014–2021 (USD Million)
Table 8 Industrial: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 9 Industrial: Motor Control Centers Market Size, By End-User, 2014–2021 (USD Million )
Table 10 Oil & Gas: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 11 Mining & Metals: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 12 Utilities: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 13 Chemicals & Petrochemicals: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 14 Cement: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 15 Food & Beverage: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 16 Others: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 17 Commercial: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 18 Motor Control Centers Market Size, By Component, 2014–2021 (USD Million)
Table 19 Busbars: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 20 Circuit Breakers & Fuses: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 21 Overload Relays: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 22 Variable Speed Drives: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 23 Soft Starters: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 24 Others: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 25 Motor Control Centers Market Size, By Standard, 2014–2021 (USD Million)
Table 26 Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 27 Asia-Pacific: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 28 Asia-Pacific: Motor Control Centers Market Size, By End-User, 2014–2021 (USD Million)
Table 29 Asia-Pacific: Motor Control Centers Market Size, By Industrial End-User, 2014–2021 (USD Million)
Table 30 Asia-Pacific: Motor Control Centers Market Size, By Component, 2014–2021 (USD Million)
Table 31 Asia-Pacific: Motor Control Centers Market Size, By Type, 2014–2021 (USD Million)
Table 32 Asia-Pacific: Motor Control Centers Market Size, By Country 2014–2021 (USD Million)
Table 33 China: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 34 India: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 35 Japan: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 36 Australia: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 37 Rest of Asia-Pacific: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 38 North America: Motor Control Centers Market Size, By Voltage 2014–2021 (USD Million)
Table 39 North America: Motor Control Centers Market Size, By End-User, 2014–2021 (USD Million)
Table 40 North America: Motor Control Centers Market Size, By Industrial End-User, 2014–2021 (USD Million)
Table 41 North America: Motor Control Centers Market Size, By Component, 2014–2021 (USD Million)
Table 42 North America: Motor Control Centers Market Size, By Type, 2014–2021 (USD Million)
Table 43 North America: Motor Control Centers Market Size, By Country 2014–2021 (USD Million)
Table 44 U.S.: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 45 Canada: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 46 Rest of North America: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 47 Europe: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 48 Europe: Motor Control Centers Market Size, By End-User, 2014–2021 (USD Million)
Table 49 Europe: Motor Control Centers Market Size, By Industrial End-User, 2014–2021 (USD Million)
Table 50 Europe: Motor Control Centers Market Size, By Component, 2014–2021 (USD Million)
Table 51 Europe: Motor Control Centers Market Size, By Type, 2014–2021 (USD Million)
Table 52 Europe: Motor Control Centers Market Size, By Country 2014–2021 (USD Million)
Table 53 U.K.: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 54 Germany: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 55 France: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 56 Italy: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 57 Spain: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 58 Rest of Europe: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 59 Middle East & Africa: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 60 Middle East & Africa: Motor Control Centers Market Size, By End-User, 2014–2021 (USD Million)
Table 61 Middle East & Africa: Motor Control Centers Market Size, By Industrial End-User, 2014–2021 (USD Million)
Table 62 Middle East & Africa: Motor Control Centers Market Size, By Component, 2014–2021 (USD Million)
Table 63 Middle East & Africa: Motor Control Centers Market Size, By Type, 2014–2021 (USD Million)
Table 64 Middle East & Africa Motor Control Centers Market Size, By Country 2014–2021 (USD Million)
Table 65 Saudi Arabia: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 66 UAE: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 67 Kuwait: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 68 Algeria: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 69 South Africa: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 70 Rest of the Middle East & Africa: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 71 South America: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 72 South America: Motor Control Centers Market Size, By End-User, 2014–2021 (USD Million)
Table 73 South America: Motor Control Centers Market Size, By Industrial End-User, 2014–2021 (USD Million)
Table 74 South America: Motor Control Centers Market Size, By Component, 2014–2021 (USD Million)
Table 75 South America: Motor Control Centers Market Size, By Type, 2014–2021 (USD Million)
Table 76 South America: Motor Control Centers Market Size, By Country 2014–2021 (USD Million)
Table 77 Brazil: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 78 Argentina: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 79 Venezuela: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 80 Rest of South America: Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 81 New Product Developments, 2014–2016
Table 82 Partnerships/Agreements/Collaborations, 2014–2016
Table 83 Investments & Expansions, 2014–2015
Table 84 Mergers & Acquisitions, 2013–2016
Table 85 Other Developments, 2013–2015


List of Figures (50 Figures)

Figure 1 Motor Control Centers: Market Segmentation
Figure 2 Motor Control Centers Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia-Pacific Accounted for the Largest Share in the Motor Control Centers Market in 2015
Figure 8 Oil & Gas Industrial Segment is Expected to Dominate the Motor Control Centers Market, By Industrial End–User, During the Forecast Period
Figure 9 The Intelligent Motor Control Centers Market is Expected to Witness the Highest Demand During the Forecast Period
Figure 10 Asia-Pacific Projected to Dominate the Motor Control Centers Market During the Forecast Period
Figure 11 The Medium Voltage Motor Control Centers Market Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 12 Top Market Developments (2012–2015)
Figure 13 Motor Control Centers Market Growth Opportunities, 2016–2021
Figure 14 Industrial Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Circuit Breakers & Fuses Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Low Voltage Segment to Constitute the Largest Market for Motor Control Centers From 2016 to 2021
Figure 17 China Expected to Be the Largest Market in Asia-Pacific During the Forecast Period
Figure 18 Motor Control Centers Market Regional Hotspots: 2016 to 2021
Figure 19 Motor Control Centers Market Segmentation: By Voltage , Type, Component, Standard, End-User, & Region
Figure 20 Growing Demand for Industrial Automation to Drive the Motor Control Centers Market
Figure 21 Crude Oil Price Trend (June 2014–May 2016)
Figure 22 Urbanization Trend: 2014 vs 2015
Figure 23 Porter’s Five Forces Analysis: Motor Control Centers Market
Figure 24 Conventional Motor Control Centers Segment Expected to Dominate the Market From 2016 to 2021
Figure 25 Low Voltage Motor Control Center Segment Expected to Dominate the Market From 2016 to 2021
Figure 26 Industrial Segment is Expected to Be the Largest Market for Motor Control Centers During the Forecast Period
Figure 27 Busbars Segment is Expected to Dominate the Market During the Forecast Period
Figure 28 IEC Standard Segment to Dominate the Market From 2016 to 2021
Figure 29 Motor Control Centers Market Share (By Value), By Region, 2016–2021
Figure 30 Regional Snapshot: Growth Rate of Motor Control Centers Market in Important Countries, 2016–2021
Figure 31 Regional Snapshot: Asia-Pacific Offered Attractive Market Opportunities in 2015
Figure 32 Regional Snapshot: North America Was the Second Largest Market in 2015
Figure 33 Companies Adopted New Product Development as the Key Growth Strategy From 2011 to 2016
Figure 34 Market Share Based on Developments, 2012–2015
Figure 35 Market Evolution Framework: Partnerships/ Agreements/ Collaborations & New Product Developments Fuelled Growth From 2011 to 2016
Figure 36 Regional Revenue Mix of the Top 5 Players
Figure 37 ABB Ltd.: Company Snapshot
Figure 38 ABB Ltd.: SWOT Analysis
Figure 39 Eaton Corporation: Company Snapshot
Figure 40 Eaton Corporation: SWOT Analysis
Figure 41 Schneider Electric Sa: Company Snapshot
Figure 42 Schneider Electric Sa: SWOT Analysis
Figure 43 Siemens AG: Company Snapshot
Figure 44 Siemens AG: SWOT Analysis
Figure 45 General Electric: Company Snapshot
Figure 46 General Electric: SWOT Analysis
Figure 47 Rockwell Automation: Company Snapshot
Figure 48 WEG SA: Company Snapshot
Figure 49 Mitsubishi Electric Corporation: Company Snapshot
Figure 50 Fuji Electric Co. Ltd.: Company Snapshot

The global motor control centers market is projected to grow at a CAGR of 5.3% from 2016 to 2021, to reach a size of USD 5.83 Billion by 2021. This growth is attributed to increasing demand for industrial automation and growing concerns for energy efficiency across major industries.

On the basis of end-user industry, the report segments motor control centers market into commercial and industrial. The latter has been further subsegmented into chemicals & petrochemicals, oil & gas, mining & metals, cement, utilities, food & beverage, and others. Others include pulp & paper, wastewater treatment, automobile, and pharmaceutical industries. The utility and chemicals & petrochemicals segments are forecast to lead in terms of growth rate during the forecast period.

In terms of voltage, medium voltage motor control centers are estimated to constitute the fastest-growing segment in the market. The demand for medium voltage motor control centers is higher than that of low voltage. The low voltage motor control center segment held the largest market share in 2015. This voltage range is expected to dominate the market during the forecast period.

In this report, the motor control centers market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to dominate the global motor control centers market during the forecast period, owing to its large-scale industrialization and growing concern/regulations regarding energy efficiency in the region.

Motor Control Centers Market

Decrease in greenfield investments by the oil & gas industry is one of the restraining factors of motor control centers market globally. The recent oil price slump resulted in contraction of exploration and production company budgets, which has led to a decline in revenues for motor control centers market as well.

Some of the leading players in the motor control centers market include ABB Ltd. (Switzerland), Siemens AG (Germany), Eaton Corporation (Ireland), Schneider Electric (France), Fuji Electric (Japan), Rockwell Corporation (U.S.), General Electric (U.S.), Mitsubishi Electric Corporation (Japan), and WEG SA (Brazil), among others. New product launches was the most common strategy adopted by the top players in the market, constituting more than one-third of the total development share. It was followed by contracts & agreements, expansions, and mergers & acquisition.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Pumps Motors and Control Devices Markets on KnowledgeStore
Request Demo