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.
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. 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).
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.
Scope of the Report
This research report
provides insights, on various levels of analysis such as industry analysis, and
market share analysis for the leading players along with their profiles. It
also helps in studying the target segments by providing views on emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios & strategies in the global motor control centers
market, including high-growth regions and/or countries, and political, &
economic environments. The project report, further, provides views on both the
historical market values and pricing & cost analysis.
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