Le Lézard
Classified in: Transportation
Subject: SVY

Motor Control Centers - Global Market Outlook (2017-2023)



LONDON, Oct. 3, 2017 /PRNewswire/ -- According to Stratistics MRC, The Global Motor Control Centers Market is accounted for $4.96 billion in 2016 and expected to grow at a CAGR of 7.0% to reach $7.98 billion by 2023.

Download the full report: https://www.reportbuyer.com/product/5126497

The market is driven by growing demand for industrial automation in developed regions, increased use of electric motors in key industries, increased industrial plant uptime and booming power sector & augmented power generation capacities globally. Further, rising demand for smart and integrated motor control & protection devices and up gradation of industrial infrastructure in developed countries would provide greater opportunities. However, decrease in mining activities in Asia-Pacific, Latin America, & Africa and stagnant growth in the oil & gas industry will impede market growth.

The low voltage segment is anticipated to attribute the largest share due to the adoption of low voltage motors in various industries. This market is heavily concentrated in the oil & gas and mining sectors.

Among type, Intelligent Motor Control Systems is integrated with advanced communication capabilities of integrated architecture with motor control devices. iMCCs, provide remote diagnostic capabilities as well as features such as loss detection and predictive maintenance. Manufacturers use the National Electrical Manufactures Association (NEMA) and International Electro-Technical Commission (IEC) standards to produce motor control centers equipments.

The industrial segment is expected to be the fastest growing sector due to increasing surge for adoption of automation across various industries. U.S. based Rockwell Automation sells MCC under the brand name, NEMA CENTERLINE 2100, which is highly durable and used for integrating process control and power.

North America is projected to be the largest market throughout the forecast period due to awareness regarding the electronics automation industry in the U.S. and Canada.

Asia-Pacific is fastest growing market. A remarkable perspective towards manufacturing sectors in China and India play a vital role in developing the market growth. The infrastructural developments and investments in the water and wastewater industry in the Middle East & Africa are expected to drive the market.

The key players in Global Motor Control Centers market are ABB, Siemens, GE, Rockwell Automation, Sun-Tech Engineers, Mitsubishi, Gemco Controls, Vidyut Control India Private and WEG.

Voltages Covered:
? Low Voltage
? Medium Voltage

Components Covered:
? Circuit breakers & fuses
? Soft starters
? Busbars
? Overload relays
? Variable Speed Drives

Types Covered:
? Intelligent Motor Control Centers (iMCC)
? Conventional Motor Control Centers

End Users Covered:
? Commercial
? Industrial

Regions Covered:
? North America
o US
o Canada
o Mexico
? Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
? Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
? South America
o Argentina
o Brazil
o Chile
o Rest of South America
? Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Download the full report: https://www.reportbuyer.com/product/5126497

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
https://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer


These press releases may also interest you

at 01:01
Deer Jet made history by becoming the first Chinese private jet operator to fly from China to the Antarctic. The arrival of one the company's private jet at Wolfs Fang airport marks a new charter service between China and the Antarctic. Photo -...

at 00:43
Georgia Power and Hartsfield-Jackson International Airport personnel have worked throughout the day today to restore power at the Airport as quickly and safely as possible. As of 11:45 p.m., power had been restored for all essential airport...

17 déc 2017
Lowcostcarsinsurance.com has released a new blog post presenting the pros and cons of bundling auto insurance and homeowner insurance. It is true that homeowners pay less for auto insurance. This advantage can be made more profitable by signing...

17 déc 2017
The arrival of flight AC1942 at Lima's Jorge Chávez International Airport this morning marks the successful launch Air Canada's non-stop service between Montreal and Lima, Peru, Montreal's first year-round link to the southern hemisphere. The twice...

16 déc 2017
The Transportation Safety Board of Canada (TSB) is deploying a team of investigators onsite of an aircraft accident near Baldur, Manitoba. The TSB will gather information and assess the occurrence. The TSB is an independent agency that investigates...

16 déc 2017
It is with great sadness that the Canadian Pacific family today learned about the passing of former CEO, Mr. E. Hunter Harrison. Here is a statement on his passing from CP President and CEO, Keith Creel: "Words cannot begin to describe this...




News published on 3 october 2017 at 17:12 and distributed by: