Wednesday 27 May 2020

Motor Control Centers Market by Key Players, Trends, COVID – 19 Impact Analysis, Competitive and Regional Forecast To 2023


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. The motor control centers provides the most appropriate method for grouping electrical motor control, automation, and power distribution in compact and cost-effective package. Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 on Motor Control Centers Market is included in the present report.
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.
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