Motor Control Centers Market

Rockwell Automation, Inc. (U.S.) and ABB, Ltd. (Switzerland) are the Key Players in the Motor Control Centers Market

The global motor control centers market is projected to grow at a CAGR of 5.47%, from 2017 to 2022. In 2016, the market in Asia-Pacific was the largest for motor control centers, followed by the North American and European markets. This trend is expected to continue till 2022. The growth of the motor control centers market is driven by the growing demand for industrial automation in developed regions, booming global power sector, and increased plant uptime.

The motor control centers market is dominated by both global and regional players. The key players operating in the market include Rockwell Automation, Inc. (U.S.), ABB, Ltd. (Switzerland), Eaton Corporation, PLC (Ireland), Schneider Electric SE (France), Siemens AG (Germany), and General Electric Company (U.S.).

The major strategies adopted by the players in the motor control centers market include new product developments, contracts & agreements, expansions, and mergers & acquisitions. New product developments was the most commonly adopted strategy from 2013 to 2017. Industry players also adopted contracts & agreements, which was the second-most widely followed strategy from 2013 to 2017.

Rockwell Automation, Inc. is one of the leading global providers of industrial automation power, control, and information solutions. It operates through two business segments, namely, architecture and software and control products and solutions. The company offers motor control centers through its control products and solutions segment. It offers products, services, and software through three strategic brands, namely, Allen-Bradley, Rockwell Software, and Rockwell Automation. The company has adopted contracts & agreements and mergers & acquisitions as its growth strategies to maintain its market position. In 2016, Rockwell Automation signed a four-year contract with Michelin Group (France). This contract made Rockwell Automation a preferred supplier of industrial automation, industrial software, and services for all Michelin Group manufacturing facilities worldwide. Moreover, this contract helped Rockwell strengthen its revenue stream. In 2016, Rockwell Automation acquired Maverick Technologies (U.S.), a systems integrator that provides control and information solutions. This acquisition is in line with the company’s strategy for a connected enterprise.

ABB, Ltd. is a leading automation and power technology company. The company caters to a wide range of industries such as the transmission, distribution, power generation, mining, marine, and oil & gas industries, among others. It conducts its business through four segments, namely, power grids, process automation, robotics and motion, and electrification products. Motor control centers are a part of the company’s electrification products segment. ABB, Ltd. adopted expansions and new product launches as one of its key growth strategies. In 2017, ABB plans to invest USD 60 million in the U.S. towards research, development, and operations. The company will expand its low voltage portfolio in the region, thus, enabling it to meet the rising demand from the U.S. market. Moreover, in 2014, it opened a new office in Myanmar to offer its power and automation product portfolio in the region. This helped the company enhance its presence in the region. In 2017, it launched the ReliaGear SafeGear LV motor control center which incorporates ABB’s leading technologies, such as Emax 2 and Tmax/Tmax XT circuit breakers, PST-type soft starters, and ACS-type variable speed drives into a complete type-tested system.

Related 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

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Report Code
EP 3593
Published ON
Jun, 2017
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