Global Motor Control Center Market 2015-2019
About motor control center
A motor control center is the assembly of motor starters comprising of contactors and overload relays connected through multi-core cables or common power bus bar to control a group of motors. It can be segmented into either conventional motor control center or intelligent motor control center. Motor control centers, which are housing control and monitoring devices, protect motor failures from overload and voltage imbalances. This helps end-users to reduce the machine downtime, leading to high productivity. Motor control centers also help in reducing a plant's maintenance cost by predicting the status of motors rather than taking corrective action after the damage is done. It also gives the centralized access to an operator to control several motors from a single place.
Technavio's analysts forecast the global motor control center market to grow at a CAGR of 5.58% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global motor control center market for the period 2015-2019. To calculate the market size, the report covers revenue generated from conventional and intelligent type of motor control centers. The report also considers the revenue generated from industrial and commercial end-users.
Technavio's report, Global Motor Control Center Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, APAC, and EMEA. It also presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio Announces the Publication of its Research Report – Global Motor Control Center Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Motor Control Center Market: ABB, Eaton, Rockwell Automation and Schneider
Other Prominent Vendors in the market are: Allis Electric, Cordyne, Fuji Electric, GE, Gemco Controls, Mitsubishi, Rolla, Technical Control System, and WEG.
Commenting on the report, an analyst from Technavio’s team said: “Africa holds roughly 128 billion barrels of oil reserves and 508 Tcf of gas reserves. Significant new discoveries in the region will boost Africa's contribution to the global oil supply. For instance, six out of the 10 major discoveries in the global oil and gas industry in 2013 were made in Africa.”
According to the report, industries such as oil and gas, mining, power, chemical, and automotive are highly affected by any kind of interruption in their production process. Even a slight delay can cause huge losses to a company financially and can also tarnish its image in the market. Most of the interruption in the production process occurs due to motor failures caused by overload, voltage conditions, rotor failures, bearing failures, contaminants, and old age.
Further, the report states that one of the major challenges faced by the market is reduced investor interest in Australian mining industry.
Kobelco, Liebherr, Tadano, Terex
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