HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: EP 3593

 

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The global motor control centers market is estimated to be USD 4.77 Billion in 2017 and is expected to grow at a CAGR of 5.47%, from 2017 to 2022. A growing demand for industrial automation in developed regions, regulations promoting energy savings across major industries, and the booming power sector and augmented power generation capacities across the world are the major factors driving the motor control centers market.

The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017–2022

The base year for company profiles is 2016. 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 on the basis of type, voltage, component, standard, end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of the motor control centers market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the motor control centers market with respect to individual growth trends, future prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes market players on various parameters within the broad categories of business and product strategies
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the motor control centers market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoover’s, 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. The primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players that provide motor control centers
  • Analyses of major end-use industries and applications of motor control centers
  • Assessment of future trends and growth of the motor control centers market on the basis of investments in motors in the control and automation industry
  • Assessment of the motor control centers market with respect to conventional and intelligent motor control centers based on type
  • Study of the market trends in various regions and countries based on the voltage ranges of motor control centers
  • Study of the contracts and developments related to the motor control centers market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, 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 illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Motor Control Centers Market

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

Market Ecosystem:

Motor Control Centers Market

The ecosystem of the global motor control centers market starts with raw material or component suppliers who provide iron, copper, alloy, and insulation materials. The various components of motor control centers are variable speed drives, circuit breakers, busbars, overload relays, disconnector switches, pushbuttons, starters, cabinet sections, and wires, among others. The next stage is the manufacturing of motor control centers where all the components are assembled. After the final assembly, the motor control centers are tested. These devices are then distributed to end-users such as oil & gas, metals and mining, utilities, chemicals and petrochemicals, cement and manufacturing, food and beverage, pulp and paper, cement, water and wastewater, and pharmaceutical companies.

Target Audience:

The report’s target audience includes:

  • Motor control centers manufacturers, distributors, and suppliers
  • State and national regulatory authorities
  • Consulting companies in the energy and power sector
  • Institutional investors and shareholders 
  • Environmental research institutes
  • Process industries and power and energy associations
  • Government and research organizations
  • Petroleum companies
  • Energy efficiency consultancies

Scope of the Report:

  • By Type
    • Conventional Motor Control Centers
    • Intelligent Motor Control Centers
  • By Voltage
    • Low Voltage
    • Medium Voltage
  • By Component
    • Busbars
    • Circuit Breakers and Fuses
    • Overload Relays
    • Variable Speed Drives
    • Soft Starters
    • Others
  • By Standard
    • IEC
    • NEMA
    • Others
  • By End-User
    • Industrial
      • Oil & Gas
      • Mining and Metals
      • Utilities
      • Chemicals and Petrochemicals
      • Cement and Manufacturing
      • Food and Beverage
      • Others
    • Commercial
  • By Region
    • Asia-Pacific
    • North America
    • Europe
    • 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 this report:

Regional Analysis

Further breakdown of region or country-specific analyses

Company Information

Detailed analyses and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    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

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Motor Control Centers Market, By Region
    4.2 Motor Control Centers Market, By Type
    4.3 Motor Control Centers Market, By Voltage
    4.4 Motor Control Centers Market, By Component
    4.5 Motor Control Centers Market, By End-User
    4.6 Motor Control Centers Market, By Standard
    4.7 Asia-Pacific Motor Control Centers Market

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Industrial Automation in Developed Regions
                    5.2.1.2 Regulations Promoting Energy Savings Across Major Industries
                    5.2.1.3 Increased Use of Electric Motors in Key Industries
                    5.2.1.4 Increased Industrial Plant Uptime
                    5.2.1.5 Booming Power Sector & Augmented Power Generation Capacities Globally
           5.2.2 Restraints
                    5.2.2.1 Stagnant Growth in the Oil & Gas Industry
                    5.2.2.2 Decrease in Mining Activities in Asia-Pacific, Latin America, & Africa
           5.2.3 Opportunities
                    5.2.3.1 Increasing Urbanization and Industrialization
                    5.2.3.2 Rising Demand for Smart and Integrated Motor Control & Protection Devices
                    5.2.3.3 Upgradation of Industrial Infrastructure in Developed Countries
           5.2.4 Challenges
                    5.2.4.1 High Level of Complexity Involved in the Maintenance of Motor Control Centers
    5.3 Standards
           5.3.1 Nema Standard Classification for Motor Control Centers
                    5.3.1.1 Nema Class I
                    5.3.1.2 Nema Class II
                    5.3.1.3 Nema Class IS
                    5.3.1.4 Nema Class IIS
           5.3.2 International Electrotechnical Commission (IEC) Standards for Motor Control Centers
           5.3.3 Institute of Electrical and Electronic Engineers (IEEE) Standards for Motor Control Centers
           5.3.4 Others
    5.4 Supply Chain Analysis
           5.4.1 Raw Material/Component Suppliers
           5.4.2 Manufacturers & Assemblers
           5.4.3 Distributors
           5.4.4 End-Users

6 Motor Control Centers Market, By Voltage (Page No. - 50)
    6.1 Introduction
    6.2 Low Voltage
    6.3 Medium Voltage

7 Motor Control Centers Market, By Type (Page No. - 55)
    7.1 Introduction
    7.2 Conventional Motor Control Centers
    7.3 Intelligent Motor Control Centers

8 Motor Control Centers Market, By Component (Page No. - 59)
    8.1 Introduction
    8.2 Busbars
    8.3 Circuit Breakers & Fuses
    8.4 Overload Relays
    8.5 Variable Speed Drives
    8.6 Soft Starters
    8.7 Others

9 Motor Control Centers Market, By Standard (Page No. - 67)
    9.1 Introduction
    9.2 Motor Control Centers Standards

10 Motor Control Centers Market, By End-User (Page No. - 70)
     10.1 Introduction
     10.2 Industrial
             10.2.1 Oil & Gas
             10.2.2 Mining & Metals
             10.2.3 Utilities
             10.2.4 Chemicals & Petrochemicals
             10.2.5 Cement & Manufacutring
             10.2.6 Food & Beverage
             10.2.7 Others
     10.3 Commercial

11 Motor Control Centers Market, By Region (Page No. - 80)
     11.1 Introduction
     11.2 Asia-Pacific
             11.2.1 China
             11.2.2 India
             11.2.3 Japan
             11.2.4 Australia
             11.2.5 The Rest of Asia-Pacific
     11.3 North America
             11.3.1 The U.S.
             11.3.2 Canada
             11.3.3 The Rest of North America
     11.4 Europe
             11.4.1 Germany
             11.4.2 France
             11.4.3 Italy
             11.4.4 The U.K.
             11.4.5 Spain
             11.4.6 The Rest of Europe
     11.5 South America
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 Venezuela
             11.5.4 The Rest of South America
     11.6 Middle East & Africa
             11.6.1 Saudi Arabia
             11.6.2 The U.A.E.
             11.6.3 Algeria
             11.6.4 Kuwait
             11.6.5 South Africa
             11.6.6 The Rest of the Middle East & Africa

12 Competitive Landscape (Page No. - 120)
     12.1 Overview
     12.2 Market Ranking, 2016
     12.3 Competitive Leadership Mapping, 2017
             12.3.1 Visionary Leaders
             12.3.2 Innovators
             12.3.3 Dynamic Differentiators
             12.3.4 Emerging Companies

13 Company Profiles (Page No. - 126)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     13.1 ABB, Ltd.
     13.2 Eaton Corporation, PLC
     13.3 Siemens AG
     13.4 General Electric Company
     13.5 Schneider Electric Se
     13.6 Rockwell Automation, Inc.
     13.7 Vidhyut Control India Pvt., Ltd.
     13.8 Mitsubishi Electric Corporation
     13.9 Gemco Controls, Ltd.
     13.10 Technical Control Systems, Ltd.
     13.11 Hyosung
     13.12 WEG SA
     13.13 Lsis Co., Ltd.
     13.14 Larsen & Toubro Limited
     13.15 Fuji Electric Co., Ltd.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 174)
     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
     14.7 Author Details


List of Tables (82 Tables)

Table 1 Global Motor Control Centers Market Snapshot
Table 2 Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 3 Low Voltage: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 4 Medium Voltage: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 5 Motor Control Centers Market Size, By Type, 2015–2022 (USD Million)
Table 6 Conventional: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 7 Intelligent: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 8 Motor Control Centers Market Size, By Component, 2015–2022 (USD Million)
Table 9 Busbars: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 10 Circuit Breakers & Fuses: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 11 Overload Relays: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 12 Variable Speed Drives: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 13 Soft Starters: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 14 Others: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 15 Motor Control Centers Market Size, By Standard, 2015–2022 (USD Million)
Table 16 Motor Control Centers Market Size, By End-User, 2015–2022 (USD Million)
Table 17 Industrial: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 18 Industrial: Motor Control Centers Market Size, By End-User, 2015–2022 (USD Million)
Table 19 Oil & Gas: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 20 Mining & Metals: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 21 Utilities: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 22 Chemicals & Petrochemicals: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 23 Cement & Manufacturing: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 24 Food & Beverage: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 25 Others: Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 26 Commercial: Motor Control Center Market Size, By Region, 2015–2022 (USD Million)
Table 27 Motor Control Centers Market Size, By Region, 2015–2022 (USD Million)
Table 28 Asia-Pacific: Motor Control Centers Market Size, By Country, 2015–2022 (USD Million)
Table 29 Asia-Pacific: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 30 Asia-Pacific: Motor Control Centers Market Size, By Type, 2015–2022 (USD Million)
Table 31 Asia-Pacific: Motor Control Centers Market Size, By Component, 2015–2022 (USD Million)
Table 32 Asia-Pacific: Motor Control Centers Market Size, By End-User, 2015–2022 (USD Million)
Table 33 Asia-Pacific: Motor Control Centers Market Size, By Industrial End-User, 2015–2022 (USD Million)
Table 34 China: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 35 India: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 36 Japan: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 37 Australia: Motor Control Centers Market Size, By Industry, 2015–2022 (USD Million)
Table 38 The Rest of Asia-Pacific: Motor Control Centers Market Size, By Industry, 2015–2022 (USD Million)
Table 39 North America: Motor Control Centers Market Size, By Country, 2015–2022 (USD Million)
Table 40 North America: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 41 North America: Motor Control Centers Market Size, By Type, 2015–2022 (USD Million)
Table 42 North America: Motor Control Centers Market Size, By Component, 2015–2022 (USD Million)
Table 43 North America: Motor Control Centers Market Size, By End-User, 2015–2022 (USD Million)
Table 44 North America: Motor Control Centers Market Size, By Industrial End-User, 2015–2022 (USD Million)
Table 45 The U.S.: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 46 Canada: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 47 The Rest of North America: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 48 Europe: Motor Control Centers Market Size, By Country, 2015–2022 (USD Million)
Table 49 Europe: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 50 Europe: Motor Control Centers Market Size, By Type, 2015–2022 (USD Million)
Table 51 Europe: Motor Control Centers Market Size, By Component, 2015–2022 (USD Million)
Table 52 Europe: Motor Control Centers Market Size, By End-User, 2015–2022 (USD Million)
Table 53 Europe: Motor Control Centers Market Size, By Industrial End-User, 2015–2022 (USD Million)
Table 54 Germany: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 55 France: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 56 Italy: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 57 The U.K.: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 58 Spain: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 59 The Rest of Europe: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 60 South America: Motor Control Centers Market Size, By Country, 2015–2022 (USD Million)
Table 61 South America: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 62 South America: Motor Control Centers Market Size, By Type, 2015–2022 (USD Million)
Table 63 South America: Motor Control Centers Market Size, By Component, 2015–2022 (USD Million)
Table 64 South America: Motor Control Centers Market Size, By End-User, 2015–2022 (USD Million)
Table 65 South America: Motor Control Centers Market Size, By Industrial End-User, 2015–2022 (USD Million)
Table 66 Brazil: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 67 Argentina: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 68 Venezuela: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 69 The Rest of South America: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 70 The Middle East & Africa: Motor Control Centers Market Size, By Country, 2015–2022 (USD Million)
Table 71 The Middle East & Africa: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 72 The Middle East & Africa: Motor Control Centers Market Size, By Type, 2015–2022 (USD Million)
Table 73 The Middle East & Africa: Motor Control Centers Market Size, By Component, 2015–2022 (USD Million)
Table 74 The Middle East & Africa: Motor Control Centers Market Size, By End-User, 2015–2022 (USD Million)
Table 75 The Middle East & Africa: Motor Control Centers Market Size, By Industrial End-User, 2015–2022 (USD Million)
Table 76 Saudi Arabia: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 77 The U.A.E.: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 78 Algeria: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 79 Kuwait: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 80 South Africa: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 81 The Rest of the Middle East & Africa: Motor Control Centers Market Size, By Voltage, 2015–2022 (USD Million)
Table 82 Market Ranking, 2016


List of Figures (73 Figures)

Figure 1 Motor Control Centers Market Segmentation
Figure 2 Motor Control Centers Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 The Market in Asia-Pacific is Estimated to Hold the Largest Share of the Motor Control Centers Market in 2017
Figure 8 The Low Voltage Segment is Estimated to Dominate the Motor Control Centers Market in 2017
Figure 9 The Intelligent Segment is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 10 The Busbars Segment Accounted for the Largest Share of the Motor Control Centers Market From 2017 to 2022
Figure 11 The Oil & Gas Segment is Expected to Dominate the Industrial Motor Control Centers Market From 2017 to 2022
Figure 12 Attractive Opportunities in the Motor Control Centers Market, 2017–2022
Figure 13 The Market in Asia-Pacific is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 14 The Conventional Motor Control Centers Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 The Low Voltage Segment is Expected to Dominate the Motor Control Centers Market in 2017
Figure 16 The Busbars Segment is Expected to Hold A Major Share of the Motor Control Centers Market, 2017–2022
Figure 17 The Industrial Segment is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 18 The IEC Segment is Expected to Hold A Major Share of the Motor Control Centers Market in 2017
Figure 19 The Market in China Accounted for the Largest Share of the Motor Control Centers Market in Asia-Pacific in 2016
Figure 20 Growing Demand for Industrial Automation to Drive the Motor Control Centers Market
Figure 21 Industrial Control and Factory Automation Market, 2016–2022
Figure 22 Electrical Network Expenditure, 2015
Figure 23 Crude Oil Price Trend (June 2014–April 2017)
Figure 24 Usable Iron Ore Production, 2014–2015
Figure 25 Growing Urbanization Trend, 1950–2050
Figure 26 Supply Chain Analysis: Motor Control Centers Market
Figure 27 The Low Voltage Motor Control Centers Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Asia-Pacific: the Fastest Growing Low Voltage Motor Control Centers Market From 2017 to 2022
Figure 29 Medium Voltage Motor Control Centers Market, By Region, 2017–2022 (USD Million)
Figure 30 The Conventional Motor Control Centers Segment is Expected to Be the Largest Motor Control Centers Market During the Forecast Period
Figure 31 Conventional Motor Control Centers Market, By Region, 2017 & 2022 (USD Million)
Figure 32 The Busbars Segment is Expected to Be the Largest Market for Motor Control Centers During the Forecast Period
Figure 33 Asia-Pacific: the Fastest Growing Motor Control Centers Market in the Busbars Segment, 2017–2022
Figure 34 Circuit Breakers & Fuses Market, By Region, 2017–2022
Figure 35 Overload Relays Segment, By Region, 2017–2022 (USD Million)
Figure 36 The IEC Standard Segment is Expected to Dominate the Market From 2017
Figure 37 The Industrial Segment is Expected to Be the Largest Market for Motor Control Centers During the Forecast Period
Figure 38 Industrial Segment, By Region, 2017–2022 (USD Million)
Figure 39 Asia-Pacific: the Fastest Growing Motor Control Center Market in the Oil & Gas Segment, 2017–2022
Figure 40 Mining & Metals Segment, By Region, 2017
Figure 41 Regional Snapshot: Motor Control Centers Market (2017–2022)
Figure 42 Asia-Pacific: the Largest & Fastest Growing Motor Control Centers Market, 2017–2022
Figure 43 Asia-Pacific: Market Snapshot
Figure 44 China: Motor Control Centers Market, By Voltage, 2017–2022
Figure 45 India: Motor Control Centers Market, By Voltage, 2017–2022
Figure 46 North America: Market Snapshot
Figure 47 Low Voltage: the Fastest Growing Voltage Segment in the U.S. During the Forecast Period
Figure 48 Germany: the Largest Motor Control Centers Market in Europe in 2016
Figure 49 Germany: Motor Control Centers Market, By Voltage, 2017–2022
Figure 50 France: Motor Control Centers Market, By Voltage, 2017–2022
Figure 51 South America: Motor Control Centers Market, By Country, 2017
Figure 52 Brazil: Motor Control Centers Market, By Voltage, 2017–2022
Figure 53 Saudi Arabia: the Fastest Growing Motor Control Centers Market in the Middle East & Africa From 2017 to 2022
Figure 54 Saudi Arabia: Motor Control Centers Market, By Voltage, 2017 & 2022
Figure 55 The U.A.E.: Motor Control Centers Market, By Voltage, 2017–2022
Figure 56 Companies Adopted New Product Developments as the Key Growth Strategy, 2013–2017
Figure 57 Market Evaluation Framework, 2013–2017
Figure 58 Battle for Market Share (2013–2017): New Product Launches Was the Key Strategy Adopted By Major Players
Figure 59 Competitive Leadership Mapping: Motor Control Centers Market
Figure 60 Business Strategy Excellence of Major Players in Motor Control Centers Market (25 Players)
Figure 61 Strength of Product Portfolio of Major Players in Motor Control Centers Market (25 Players)
Figure 62 ABB, Ltd.: Company Snapshot
Figure 63 Eaton Corporation, PLC: Company Snapshot
Figure 64 Siemens AG: Company Snapshot
Figure 65 General Electric Company: Company Snapshot
Figure 66 Schneider Electric Se: Company Snapshot
Figure 67 Rockwell Automation, Inc.: Company Snapshot
Figure 68 Mitsubishi Electric Corporation: Company Snapshot
Figure 69 Hyosung: Company Snapshot
Figure 70 WEG SA: Company Snapshot
Figure 71 Lsis Co., Ltd.: Company Snapshot
Figure 72 Larsen & Toubro Limited: Company Snapshot
Figure 73 Fuji Electric Co., Ltd: Company Snapshot

The global motor control centers market is projected to grow at a CAGR of 5.47%, from 2017 to 2022, to reach a market size of USD 6.22 Billion by 2022. This growth is attributed to increasing industrial automation in developed regions and increasing power generation capacity additions globally. The increased use of electric motors in key industries and increased industrial plant uptime is expected to boost the demand for motor control centers.

The report segments the motor control centers market, by standard, into IEC, NEMA, and others. The others segment include Underwriters Laboratories (UL), the Institute of Electrical and Electronic Engineers (IEEE), and the National Fire Protection Association (NFPA). The IEC segment is expected to lead the motor control centers market and is projected to grow at the fastest rate during the forecast period.

The busbars segment of the motor control centers market, by component, accounted for the largest market size in 2016. Busbars are the major current carrying components of motor control centers. 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. The busbars market in Asia-Pacific is expected to grow at the highest CAGR.

The report segments the motor control centers market, by end-user, into industrial and commercial. The industrial segment includes the oil & gas, water and wastewater, power generation, mining, and others subsegments, the last of which includes the cement, chemicals and petrochemicals, and paper and pulp industries. The oil & gas segment accounted for the largest market share in 2016 as motor control centers are extensively used for drilling and various others production processes in the oil & gas sector. The utilities segment is expected to grow at the highest CAGR, from 2017 to 2022, due to the increasing demand for electricity across the world.

In this report, the motor control centers market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. The market in Asia-Pacific is expected to lead the global motor control centers market by 2022 and is projected to grow at the highest CAGR, from 2017 to 2022. This growth is attributed to rising industrialization and urbanization and increasing power generation capacity in the region. The markets in countries such as China, India, Japan, and Australia are driving the motor control centers market in Asia-Pacific. The infrastructural developments and investments in the water and wastewater industry in the Middle East & Africa are expected to drive the motor control centers market in the Middle East & Africa.

Motor Control Centers Market

The oil & gas industry is one of the leading end-user industries for motor control centers. The recent downturn in crude oil prices has resulted in a steep fall in capital budgets, which has reduced the demand for industrial equipment. The stagnancy in the oil & gas industry is expected to act as a restraint for the motor control centers market. Motors and motor control centers are required for mining applications such as drills, hoists, mills, crushers, and conveyors, among others. Thus, the downturn in the mining industry is also expected to impact the growth of motor control centers market.

The leading players in the motor control centers market include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and General Electric Company (U.S.). New product developments was the most commonly adopted strategy by top players in the market from 2013 to 2017. It was followed by contracts & agreements, expansions, and mergers & acquisitions.

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