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Global Motor Control Centers Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

Research and Markets
·7-min read

Dublin, May 11, 2021 (GLOBE NEWSWIRE) -- The "Motor Control Centers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global motor control centers market reached a value of US$ 5.5 Billion in 2020. Motor control centers (MCCs) are enclosed assemblies of centralized systems that control the functioning and regulate the distribution of power to industrial motors. Consisting of several components such as frequency drives, programmable controllers, metering apparatus, busbars and wire-ways inside an integrated panel, they significantly aid in increasing productivity and reducing operating expenses. Furthermore, they can simplify wiring, rearrange units, minimize downtime, reduce repair time and facilitate monitoring of the equipment. Owing to these benefits, MCCs find extensive application across various industry sectors such as oil & gas, metals & mining, utility, chemicals and petrochemicals, etc.

The rising trend of industrial automation, along with increasing power generation capacities is the key factor driving the growth of the market. Initiatives to upgrade the existing power infrastructure to meet the global energy requirement has significantly enhanced the adoption of MCCs across the globe. Furthermore, energy providers are increasingly emphasizing on developing reliable electricity supply and maximize safety in the distribution and transmission networks. The introduction of intelligent MCCs is also contributing to the market growth as they offer real-time monitoring facility, enable predictive maintenance and assist in conducting advanced diagnostics of the electronic systems. Moreover, the adoption of the Internet of Things (IoT)-enabled MCCs have encouraged the vendors to develop advanced control modules and integrate smart devices with medium voltage variants. Other factors, including various technological advancements, implementation of loss detection feature and rapid urbanization, are also projected to drive the market further. Looking forward, the publisher expects the global motor control centers market to exhibit moderate growth during the next five years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global motor control centers market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, type, voltage, component, and end-use sector.

Breakup by Type:

  • Conventional

  • Intelligent

Breakup by Voltage:

  • Low Voltage

  • Medium Voltage

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Breakup by Component:

  • Overload Relays

  • Circuit Breakers & Fuses

  • Soft Starters

  • Busbars

  • Variable Speed Drives

  • Others

Breakup by End-Use Sector:

  • Industrial Sector

  • Commercial Sector

Breakup by Region

  • North America

  • United States

  • Canada

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Others

  • Europe

  • Germany

  • France

  • United Kingdom

  • Italy

  • Spain

  • Russia

  • Others

  • Latin America

  • Brazil

  • Mexico

  • Argentina

  • Columbia

  • Chile

  • Peru

  • Others

  • Middle East and Africa

  • Turkey

  • Saudi Arabia

  • Iran

  • United Arab Emirates

  • Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ABB, Atmel Corporation, Eaton Corporation, Fuji Electric Co., General Electric, Larsen & Toubro, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens AG, TESCO Controls Inc., WEG Industries, etc.

Key Questions Answered in This Report:

1. What was the global motor control centers market size in 2020?
2. What will be the motor control centers market outlook during the forecast period (2021-2026)?
3. What are the major global motor control centers market drivers?
4. What are the major trends in the global motor control centers market?
5. What is the impact of COVID-19 on the global motor control centers market?
6. What is the global motor control centers market breakup by type?
7. What is the global motor control centers market breakup by voltage?
8. What is the global motor control centers market breakup by component?
9. What is the global motor control centers market breakup by end use sector?
10. What are the major regional markets in the global motor control centers industry?
11. Who are the leading motor control center industry players?

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Motor Control Centers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type
6.1 Conventional
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Intelligent
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Voltage
7.1 Low Voltage
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Medium Voltage
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Component
8.1 Overload Relays
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Circuit Breakers & Fuses
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Soft Starters
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Busbars
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Variable Speed Drives
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast

9 Market Breakup by End-Use Sector
9.1 Industrial Sector
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial Sector
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.2 Asia Pacific
10.3 Europe
10.4 Latin America
10.5 Middle East and Africa

11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Atmel Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Eaton Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Fuji Electric Co.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 General Electric
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Larsen & Toubro
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Mitsubishi Electric
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Rockwell Automation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Schneider Electric
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Siemens AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 TESCO Controls Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 WEG Industries
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/hg8ru9

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900