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

 

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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. - 14)
    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. - 17)
    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
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 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. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Motor Control Centers, By End Users, 2016–2021
    4.2 Motor Control Centers, By Component, 2016–2021
    4.3 Motor Control Centers, By Voltage, 2016–2021
    4.4 Asia-Pacific Motor Control Centers Market, 2016-2021
    4.5 India, China, Japan, & Brazil are Expected to Grow at the Highest CAGR From 2016 to 2021

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 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 Up-Time
           5.3.2 Restraints
                    5.3.2.1 Decrease in Greenfield Investment
           5.3.3 Opportunities
                    5.3.3.1 Increasing Urbanization and Industrialization
                    5.3.3.2 Industrial Infrastructure Upgrades in Developed Countries
           5.3.4 Challenges
                    5.3.4.1 High Level of Complexity is Involved in Maintenance for MCC
           5.3.5 Standards
                    5.3.5.1 Nema Standards Classification for MCC
                    5.3.5.2 International Electrotechnical Commission(Iec) for MCC
                    5.3.5.3 Institute of Electrical and Electronic Engineers (IEEE) for MCC
                    5.3.5.4 Others

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Motor Control Centers, By Component (Page No. - 47)
    7.1 Introduction
    7.2 Busbars
    7.3 Circuit Breaker and Fuses
    7.4 Overload Relays
    7.5 Variable Speed Drives
    7.6 Soft Starters
    7.7 Others

8 Motor Control Center Market, By End User (Page No. - 51)
    8.1 Introduction
    8.2 Industrial
           8.2.1 Oil & Gas
           8.2.2 Mining & Metals
           8.2.3 Utilities
           8.2.4 Chemicals & Petrochemicals
           8.2.5 Cement
           8.2.6 Food & Beverage
           8.2.7 Others
    8.3 Commercial

9 Motor Control Centers Market, By Type (Page No. - 60)
    9.1 Introduction
    9.2 Conventional MCC
    9.3 Intelligent MCC

10 Motor Control Centers Market, By Voltage (Page No. - 63)
     10.1 Introduction
     10.2 Low Voltage MCC
     10.3 Medium Voltage MCC

11 Motor Control Centers Market, By Standard (Page No. - 66)
     11.1 Introduction
     11.2 Global Motor Control Centers Market By Standards

12 Motor Control Centers Market, By Region (Page No. - 68)
      12.1 Introduction
      12.2 North America
              12.2.1 By Voltage
              12.2.2 By End-User
                        12.2.2.1 Industrial End-Users.
              12.2.3 By Component
              12.2.4 By Type
              12.2.5 By Country
                        12.2.5.1 U.S.
                        12.2.5.2 Canada
                        12.2.5.3 Rest of North America
      12.3 Europe
              12.3.1 By Voltage
              12.3.2 By End-User
                        12.3.2.1 Industrial End-Users.
              12.3.3 By Component
              12.3.4 By Type
              12.3.5 By Country
                        12.3.5.1germany
                        12.3.5.2 U.K.
                        12.3.5.3 France
                        12.3.5.4 Italy
                        12.3.5.5 Spain
                        12.3.5.6 Rest of Europe
      12.4 South America
              12.4.1 By Voltage
              12.4.2 By End-User
                        12.4.2.1 Industrial End-Users.
              12.4.3 By Component
              12.4.4 By Type
              12.4.5 By Country
                        12.4.5.1 Brazil
                        12.4.5.2 Venezuela
                        12.4.5.3 Argentina
                        12.4.5.4 Rest of South America
      12.5 Asia-Pacific
              12.5.1 By Voltage
              12.5.2 By End-User
                        12.5.2.1 Industrial End-Users.
              12.5.3 By Component
              12.5.4 By Type
              12.5.5 By Country
                        12.5.5.1 China
                        12.5.5.2 Japan
                        12.5.5.3 India
                        12.5.5.4 Australia
                        12.5.5.5 Rest of Asia-Pacific
      12.6 The Middle East & Africa
              12.6.1 By Voltage
              12.6.2 By End-User
                        12.6.2.1 Industrial End-Users.
              12.6.3 By Component
              12.6.4 By Type
              12.6.5 By Country
                        12.6.5.1 Saudi Arabia
                        12.6.5.2 United Arab Emirates
                        12.6.5.3 Kuwait
                        12.6.5.4 South Africa
                        12.6.5.5 Algeria
                        12.6.5.6 Rest of the Middle East & Africa

13 Competitive Landscape (Page No. - 127)
     13.1 Overview
     13.2 Competitive Situation & Trends
     13.3 Contracts & Agreements
     13.4 New Product Launches
     13.5 Expansions
     13.6 Mergers & Acquisitions

14 Company Profiles (Page No. - 137)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     14.1 Introduction
     14.2 ABB Ltd.
     14.3 Schneider Electric Sa
     14.4 Siemens AG.
     14.5 General Electroc
     14.6 Rockwell Automation
     14.7 WEG SA
     14.8 Vidhyut Control India Pvt Ltd.
     14.9 Mitsubishi Electric Corporations
     14.10 Fuji Electric Company Ltd
     14.11 Gemco Controls Ltd.
     14.12 Sun Tech Engineers
     14.13 Rolla Ltd
     14.14 Technical Controls Systems
     14.15 Eaton Corporation

15 Appendix (Page No. - 167)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports


List of Tables (85 Tables)

Table 1 Motor Control Centers Market Size, By Component, 2014–2021 (USD Million)
Table 2 Busbars Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 3 Circuit Breaker & Fuses Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 4 Overload Relays Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 5 Variable Speed Drives Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 6 Soft Starters Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 7 Others Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 8 Motor Control Centers Market Size, By End-User, 2014–2021 (USD Million)
Table 9 Industrial: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 10 Industrial: Motor Control Centers Market Size, By Application, 2014–2021 (USD Million)
Table 11 Oil & Gas: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 12 Mining & Metals: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 13 Utilities: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 14 Chemical & Petrochemicals: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 15 Cement: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 16 Food & Beverage: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million )
Table 17 Others: Industrial Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 18 Commercial: Motor Control Centers Market Size, By Region, 2014–2021 (USD Million)
Table 19 Motor Control Centers Market Size, By Type, 2014–2021 (USD Million)
Table 20 Conventional Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 21 Intelligent Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 22 Motor Control Centers Market Size, By Voltage, 2014–2021 (USD Million)
Table 23 Low Voltage Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 24 Medium Voltage Motor Control Center Market Size, By Region, 2014–2021 (USD Million)
Table 25 Motor Control Centers Market Size, By Standard, 2014–2021 (USD Million)
Table 26 Global Motor Control Centers Market, 2014-2021, USD Million
Table 27 North America Motor Control Centers Market, By Country 2014 - 2021 (USD Million)
Table 28 North America Motor Control Centers Market, By Voltage 2014 - 2021 (USD Million)
Table 29 Motor Control Centers Market, By End User, 2014 - 2021 (USD Million)
Table 30 North America Motor Control Centers Market, By Industrial End User, 2014 - 2021 (USD Million)
Table 31 North America Motor Control Centers Market, By Component, 2014 - 2021 (USD Million)
Table 32 North America Motor Control Centers Market, By Type, 2014 - 2021 (USD Million)
Table 33 U.S. Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 34 Canada Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 35 Rest of North America Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 36 Europe Motor Control Centers Market, By Country 2014 - 2021 (USD Million)
Table 37 Europe Motor Control Centers Market, By Voltage, 2014 - 2021 (USD Million)
Table 38 Europe Motor Control Centers Market, By End User, 2014 - 2021 (USD Million)
Table 39 Europe Motor Control Centers Market, By Industrial End User, 2014 - 2021 (USD Million)
Table 40 Europe Motor Control Centers Market, By Component, 2014 - 2021 (USD Million)
Table 41 Europe Motor Control Centers Market, By Type, 2014 - 2021 (USD Million)
Table 42 Uk Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 43 Germany Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 44 France Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 45 Italy Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 46 Spain Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 47 Rest of Europe Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 48 Asia Pacific Motor Control Centers Market, By Country 2014 - 2021 (USD Million)
Table 49 Asia-Pacific Motor Control Centers Market, By Voltage, 2014 - 2021 (USD Million)
Table 50 Asia-Pacific Motor Control Centers Market, By End User, 2014 - 2021 USD Million)
Table 51 Asia-Pacific Motor Control Centers Market, By Industrial End User, 2014 - 2021 (USD Million)
Table 52 Asia-Pacific Motor Control Centers Market, By Component, 2014 - 2021 (USD Million)
Table 53 Asia-Pacific Motor Control Centers Market, By Type, 2014 - 2021 (USD Million)
Table 54 China Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 55 India Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 56 Japan Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 57 Australia Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 58 Rest of Asia-Pacific Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 59 Middle East & Africa Motor Control Centers Market, By Country 2014 - 2021 (USD Million)
Table 60 Middle East & Africa Motor Control Centers Market, By Voltage, 2014 - 2021 (USD Million)
Table 61 Middle East & Africa Motor Control Centers Market, By End User, 2014 - 2021 (USD Million)
Table 62 Middle East & Africa Motor Control Centers Market, By Industrial End User, 2014 - 2021 (USD Million)
Table 63 Middle East & Africa Motor Control Centers Market, By Component, 2014 - 2021 (USD Million)
Table 64 Middle East & Africa Motor Control Centers Market, By Type, 2014 - 2021 (USD Million)
Table 65 Saudi Arabia Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 66 UAE Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 67 Kuwait Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 68 Algeria Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 69 South Africa Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 70 Rest of Middle East & Africa Motor Control Centers Market, By Oltage, 2014-2021 (USD Million)
Table 71 South America Motor Control Centers Market, By Country 2014 - 2021(USD Million)
Table 72 South America Motor Control Centers Market, By Voltage, 2014 – 2021 (USD Million)
Table 73 South America Motor Control Centers Market, By End User, 2014 - 2021 (USD Million)
Table 74 South America Motor Control Centers Market, By Industrial End User, 2014 - 2021 (USD Million)
Table 75 South America Motor Control Centers Market, By Component, 2014 - 2021 (USD Million)
Table 76 South America Motor Control Centers Market, By Type, 2014 - 2021 (USD Million)
Table 77 Brazil Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 78 Argentina Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 79 Venezuela Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 80 Rest of South America Motor Control Centers Market, By Voltage, 2014-2021 (USD Million)
Table 81 New Product Developments, 2011–2016
Table 82 Partnerships/Agreements/Collaborations, 2012–2016
Table 83 Investment & Expansions, 2012–2016
Table 84 Mergers & Acquisition, 2012-2016
Table 85 Other Developments, 2013–2016


List of Figures (54 Figures)

Figure 1 Motor Control Centers Market Segmentation
Figure 2 Motor Control Centers Market: Research Design
Figure 3 Break Down 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 Market Estimation Approach & Data Triangulation Methodology
Figure 7 Asia-Pacific Accounted for the Largest Market Share in the Motor Control Centers Market in 2015
Figure 8 The Oil & Gas Industrial Segment is Expected to Dominate the Motor Control Centers Market During the Forecast Period
Figure 9 The Intelligent Motor Control Centers Market is Expected to Witness the Maximum Demand During the Forecast Period
Figure 10 Asia-Pacific is Projected to Dominate the Motor Control Centers Market During the Forecats Period
Figure 11 Medium Voltage Motor Control Centers Market is Expected to Grow at 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 The Industrial Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 15 Circuit Breakers & Fuses Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 16 Low Voltage Segment: the Largest Market for Motor Control Centers From 2016 to 2021
Figure 17 China is Expected to Be the Largest Market in Asia-Pacific During the Forecast Period
Figure 18 Motor Control Centers Market Regional Hot Spots – 2016 to 2021
Figure 19 MCC Market Segmentation By Voltage , Equipment, Type, Component, Standards, End-User and Region
Figure 20 Growing Demand of Industrial Automation to Drive 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: MCC Market
Figure 24 Busbar is Expected to Dominate the Market From 2016-2021
Figure 25 The Industrial is Expected to Be the Largest Market for Motor Control Centers During the Forecast Period
Figure 26 Conventional Motor Control Center Segment is Expected to Dominate the Market From 2016-2021
Figure 27 Low Voltage Motor Control Center Segment is Expected to Dominate the Market From 2016-2021
Figure 28 Motor Control Centers Market, By Region, 2016-2021
Figure 29 Regional Snapshot: Growth Rate of Motor Control Centers Market in Important Countries, From 2016-2021
Figure 30 Regional Snapshot: Asia-Pacific Offered Attractive Market Opportunities, in 2015
Figure 31 Regional Snapshot: North America Was the Second Largest Market, in 2015
Figure 32 Companies Adopted New Product Development as the Key Growth Strategy in the Past Three Years to Dominate the Market
Figure 33 Market Share Based on Developments, 2012- 2015
Figure 34 Market Evolution Framework: Partnerships/Agreements/Collaborations, and New Product Developments, Fuelled Growth From 2011 to 2016
Figure 35 Regional Revenue Mix of Top Five Players
Figure 36 ABB Ltd.: Company Snapshot
Figure 37 ABB Ltd.: SWOT Analysis
Figure 38 Eaton Corporation: Company Sanapshot
Figure 39 Eaton Corporation: SWOT Analysis
Figure 40 Schneider Electric S.A.: Company Snapshot
Figure 41 Schneider Electric S.A .: : SWOT Analysis
Figure 42 Siemens AG: Company Snapshot
Figure 43 Siemens AG: SWOT Analysis
Figure 44 GE: Company Snapshot
Figure 45 GE: SWOT Analysis
Figure 46 Rockwell Automation: Company Snapshot
Figure 47 WEG SA: Company Snapshot
Figure 48 Vidhyut Control India Pvt. Ltd.
Figure 49 Mitsubishi Electric Corporation: Company Snapshot
Figure 50 Fuji Electric Co. Ltd.: Company Snapshot
Figure 51 Gemco Controls Ltd.: Company Snapshot
Figure 52 Sun-Tech Engineers: Company Snapshot
Figure 53 Rolla Ltd.: Company Snapshot
Figure 54 Technical Control Systems Limited: Company Snapshots

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

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