Motor Control Centers Market Report by Type (Conventional, Intelligent), Voltage (Low Voltage, Medium Voltage), Component (Overload Relays, Circuit Breakers & Fuses, Soft Starter, Busbars, Variable Speed Drives, and Others), End-Use Sector (Industrial Sector, Commercial Sector), and Region 2024-2032
The global motor control centers market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.2 Billion
Market Forecast in 2032
US$ 10.0 Billion
Market Growth Rate 2024-2032
5.3%
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global motor control centers market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, voltage, component and end-use sector.
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.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Type, Voltage, Component, End-Use Sector, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies Covered
ABB, Atmel Corporation, Eaton Corporation, Fuji Electric Co., General Electric, Larsen & Toubro, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens AG, TESCO Controls Inc. and WEG Industries
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global motor control centers market reached a value of US$ 6.2 Billion in 2023.
According to the estimates by IMARC Group, the global motor control centers market is expected to exhibit a CAGR of 5.3% during 2024-2032.
The market is experiencing growth on account of the increasing trend of automation in industrial processes, along with the escalating demand for reliable electricity supply and maximizing safety in the transmission and distribution (T&D) network.
Several initiatives are currently being undertaken in numerous countries to upgrade the existing power infrastructure to meet energy requirements. Additionally, the leading players are introducing smart motor control centers to expand their consumer base.
The market is experiencing a negative impact on account of lockdowns imposed by governments of numerous countries as a response to the mass spread of COVID-19. The non-essential activities have been halted, which has interrupted the operations of several manufacturing units worldwide.
On the basis of the type, the market has been bifurcated into conventional and intelligent motor control centers. Among these, conventional exhibits a clear dominance in the market.
Based on the voltage, the market has been bifurcated into low and medium voltage motor control centers. Currently, low voltage represents the largest market share.
Based on the component, the market has been classified into overload relays, circuit breakers & fuses, soft starters, busbars, variable speed drives, and others. Among these, busbars accounts for the majority of the total market share.
On the basis of the end-use sector, the market has been divided into the industrial and commercial sectors. Among these, industrial sector exhibits a clear dominance in the market.
On the geographical front, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru and others); and the Middle East and Africa (the United Arab Emirates Turkey, Saudi Arabia, Iran and others). where Asia Pacific currently dominates the market.
Leading industry players are ABB Group, Atmel Corporation, Eaton Corporation Plc, Fuji Electric Co., Ltd., General Electric Company, Larsen & Toubro Limited, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, TESCO Controls, Inc. and WEG Industries.
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