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.
The sudden challenges created by the ongoing
COVID-19 are captured effectively to exhibit the long term growth projections
in the MRFR report on Motor Control Centers Market. The growth sectors of the Motor
Control Centers Market are identified with precision for a better growth
perspective.
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.
Segmental Analysis
The segmental investigation of the motor
control center market analysis is conducted on the basis of type,
voltage, component, end-user, and region. On the basis of type, the motor
control centers market is segmented into intelligent motor control centers and
conventional motor control centers. Based on the voltage, the motor control
center market is segmented into low voltage and medium voltage. Based on the
Component, the motor control center market is segmented into circuit breakers
& fuses, busbars, variable speed drives, overload relays, soft starters,
and others. On the basis of End User, the motor control center market is
commercial, industrial, and utilities. Based on the region, motor control
center market is segmented into Europe, Asia Pacific, North America, and other
regions.
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.
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