Motor Control Centers Market Overview
The need for continuous
uninterrupted electric supply is growing because of the worldwide rise in
population and rapid industrialization. The increasing need of reliable
electric supply and subsequent investment in transmission & distribution
network, grid expansion, and developing safe electrical infrastructure is
expected to drive the growth of the global Motor
Control Centers Market Analysis.
Growing electricity demand
coupled with growing concern for safe transmission & distribution of
electricity and the increasing grid infrastructure, will boost the global motor
control centers market size over the forecast timeline. The motor control
centers provides the most appropriate method for grouping electrical motor
control, automation, and power distribution in compact and cost-effective
package. Motor control centers comprise of entirely enclosed, dead front,
self-standing structures anchored together. These sections supports and host
control units, a common busbars for distributing power to the control units,
and a network of wire trough and conductor entrance areas for accommodating
inward and outward load and control wires.
Leading Players:
The key players of global
Motor Control Centers market are General Electric (U.S.), Siemens AG (Germany),
ABB, Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation
(U.S.), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South
Korea), Larsen & Toubro Limited (India), Technical Control Systems Ltd.
(U.K), and WEG S.A. (Brazil).
Global Motor Control Centers Market: Segmental
Analysis
The global motor control centers market has been
segmented on the basis of type, voltage, component, and end-user.
By mode of type, the global motor control centers
market has been segmented into intelligent motor control centers and
conventional motor control centers.
The voltage segment comprises medium voltage and low
voltage. Among these, the low voltage segment is anticipated to command the
largest market share owing to the high adoption of low voltage motors across
industries.
Based on component, the motor control centers market
comprises circuit breakers & fuses, busbars, variable speed drives,
overload relays, soft starters, and others. Among these, the busbars segment is
predicted to gain prominence as it is considered one of the most important
components of a motor control center and acts as a common voltage point for all
electrical equipment that are connected to the MCC. The growing efficiency,
flexibility, and reliability of busbars along with the requirement for
additional wires have resulted in the surging demand for busbars.
The end-users segment constitutes of commercial,
industrial, and utilities. Among these, the industrial usage commands a larger
share of the total volume of the market. The segment is likely to dominate the
market. The evolving industrial development across the world is resulting in
the wide application of small and medium voltage motor control centers for safe
operations which is likely to enhance the segment’s growth.
Regional Analysis
Rapid urbanization &
industrialization in countries such as China, India, Indonesia and Australia
demand continuous electric supply for the operations of industries, data
centers, emergency services, and commercial & household purposes. Ageing
conventional transmission & distribution network often hinders the supply
for continuous power. This is creating a lucrative market for motor control
centers in this region.
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