Motor Control Centers Market by Type (Intelligent & Conventional), by Voltage (LV & MV), by End User (Industrial & Commercial), by Component (Circuit Breakers & Fuses, VFD’s, Overload Relays, Soft Starters, Bus Bars & Others) - Global Forecast and Trends to 2020
The motor control center market has been growing rapidly in the recent years. It is a cost-effective solution to prevent downtime and equipment damage. Increased industrial automation, high cost due to equipment downtime, and upgrading of power infrastructure are expected to drive growth in the motor control center market. Emerging economies such as China, Brazil, India, the U.K., Germany, and others offer promising growth opportunities for the motor control center market.
The report “Motor Control Center Market, by Type (Intelligent and Conventional), by Voltage (Low and Medium), by End-User (Industrial and Commercial), by Component & by Region (North America, South America, Asia-Pacific, Europe, Middle East & Africa) – Global Forecast and Trends to 2020” defines and segments the global motor control center market with analysis and forecasting of the global market size ($million). The report also touches on various important aspects of the market. These include analysis of the value chain, drivers, restraints, opportunities, challenges, Porter’s Five Forces model, and the competitive landscape.
Asia-Pacific dominating the motor control center market
Asia-Pacific dominated the Motor Control Center market in 2014, closely followed by North America. The increasing demand of motors from various industries and the need for infrastructure construction in China, India, Indonesia, and Malaysia, are the key factors to increase the demand for MCCs in Asia Pacific. Asia-Pacific MCC device market is primarily driven by country-level markets in China, Japan, India, and Australia, where there is a steep demand for motors. The market in Asia-Pacific is projected to grow at a higher rate in motor control center market, with India and China showing the fastest growth within the region. North America accounted for the second largest MCC market in 2014. The infrastructure investment, growing industries, and increasing power generation offer huge potential for MCCs in North America
Leading players of this industry have been profiled with their recent developments and other strategic activities. These include ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Siemens AG (Germany), Schneider Electric (France), Rockwell Automation (U.S.), General Electric (U.S.), Fuji Electric (Japan), Gemco Controls Limited (India), Mitsubishi Electric Corporation (Japan), WEG (Brazil), Sun-Tech Engineers (India), Vidyut Control India Private Limited (India), Rolla Limited(England), and Technical Control System Limited (U.K.).
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