Motor Control Centers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Motor Control Centers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Motor Control Center Market

The motor control center market size was valued at USD 5.84 billion in 2023, and the market is now projected to grow from USD 6.18 billion in 2024 to USD 11.03 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period of 2023-2030.

The sales of motor control centre faced a severe hit in the wake of COVID-19. The expansion of the market was constrained by supply chain interruptions, low industrial activity, and project delays caused by lockdowns and economic uncertainties. With industries declining to take on new investments or deferring existing projects in order to manage the financial risks, there was a drop in the consumption of MCC equipment in the market. However, as immunization campaigns take effect, and more activities happen, the market is estimated to bounce back, though gradually, with businesses seeking new ways and new tactics.

The motor control centre market is booming these days as the industrial automation is on the rise in many industries such as utilities, manufacturing, and gas. The advancements in technology which cover integration of Internet of Things as well as Smart devices are nowadays improving not only the capability but also the reliability of MCC. In addition to this, there is a growing demand for MCCs which have advanced capabilities of monitoring and control, due to the focus on sustainability and energy efficiency. Market is anticipated to have a continuous growth over the upcoming few years because of the rising infrastructure expenditures and the global industrial activities

The motor control centre market is evolving with some very important changes. By incorporating IoT technology, an operational efficiency is attained through the remote monitoring and predictive maintenance. Regulations and sustainability targets drive an increase in demand for MCC feeders that are energy-efficient. Modular designs are gaining popularity since they are flexible as well as scalable, resulting in easier upgrades and customization. For the purpose of protecting workers, the latest safety features, such as arc flash mitigation devices, are widely used. In addition, Progress in the composition of MCC software programs improves the quality of motor performance optimization and diagnostics driving motor control centre market growth.

Comprehensive Analysis of Motor Control Center Market

The Motor control center industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by voltage, by type, by component and by end-user. Based on voltage, market is divided into low voltage and medium voltage. Based on type, market is divided into conventional motor and smart motor. Based on component, market is divided into busbar, circuit breaker & fuses and relay. Based on end-user, market is divided into oil & gas, iron & steel, minerals & mining, food & beverage, automotive, commercial, others.

The Asia Pacific holds leading position in motor control center market share by benefitting a market size of USD 2.22 billion in 2023. The development of the manufacturing, oil & gas, and utility industries is driven by their rapid industrialization and infrastructure development projects which in return create a growing demand for motor control centres. This is most common with the nations like China and India. MC infrastructure use is further enhanced by the development of building and construction industry.

The top players in the market play a crucial role in the industry assuring industrial prospectus growth and setting market standards. These players include, ABB (Switzerland), Mitsubishi Electric (Japan), Siemens (Germany), Schneider Electric (France), WEG (U.S.), Fuji Electric Co., Ltd. (Japan), Powell (U.S.), Rockwell Automation (U.S.), Eaton (Ireland), Marine Electricals (India), Ingeteam S.A. (Spain).

January 2020: Rockwell introduced new motor protection circuit breakers in January 2020 that not only reduced costs but also saved time and space.

Segmentation Table

Global Motor Control Center Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.5% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Voltage

Low Voltage

Medium Voltage

By Type

Conventional Motor

Smart Motor

By Component

Busbar

Circuit Breaker & Fuses

Relay

Variable Speed Drives

Others

By End-User

Oil & Gas

Iron & Steel

Minerals & Mining

Food & Beverage

Automotive

Commercial

Others

By Region

North America (By Voltage, Type, Component, End-User, and Country)

- U.S. (By End-User)

- Canada (By End-User)

Europe (By Voltage, Type, Component, End-User, and Country)

- U.K. (By End-User)

- Germany (By End-User)

- France (By End-User)

- Italy (By End-User)

- Spain (By End-User)

- Russia (By End-User)

- Rest of Europe (By End-user)

Asia Pacific (By Voltage, Type, Component, End-User, and Country)

- China (By End-User)

- India (By End-User)

- Japan (By End-User)

- Australia (By End-User)

- Southeast Asia (By End-User)

- Rest of Asia Pacific (By End-User)

Latin America (By Voltage, Type, Component, End-User, and Country)

- Brazil (By End-User)

- Mexico (By End-User)

- Rest of Latin America (By End-User)

Middle East & Africa (By Voltage, Type, Component, End-User, and Country)

- GCC (By End-User)

- South Africa (By End-User)

- Rest of Middle East & Africa (By End-User)


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