Motor Control Centers (MCC) Market Top Performing Companies, Business Strategies, and Trends

Posted on 2019-12-05 by researchinsights in Electronics, Industrial, Technology // 0 Comments

The global motor control centers (MCC) market is expected to display higher growth rate in the upcoming period. Rapid surge in the market is credited to the increasing adoption of low voltage motors in various end-use industries. Motor control centers (MCC) are currently employed in different industries such as chemicals & petrochemicals, paper & pulp, cement, and food and beverage. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of motor control centers (MCC).

Increasing number of application of motor control centers (MCC) in automobile industry, oil & gas industry, cement manufacturing sector and textile industry, is expected to drive the growth of motor control centers (MCC) market over the forecast period. Growing importance towards predictive maintenance of motor is expected to drive the growth of wireless motor monitoring system market over the forecast period. Maintenance & monitoring of industrial low-voltage motor is considered as a high priority task owing to its widespread applications.

Increasing adoption of high-performing low-voltage motors in variable industrial application is expected to favor the market growth over the forecast period. A motor control center (MCC) helps to monitor several motors from remote or a central locations. A motor control center (MCC) contains several enclosed sections that has a common power bus. Each section has its own combination starter combined with motor starter, fuses or circuit breaker and power disconnect. The motor control centers uses push buttons, indicator lights, variable-frequency drives, programmable logic controllers and metering equipment for easy operations.

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The motor control centers market is broadly categorized into two major segments based on the product type such as intelligent motor control centers and conventional motor control centers. Intelligent motor control centers segment is growing rapidly in the market with substantial revenue generation in the last few years.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in industrial automation sector, surge in number of research & development activities and existence of well-established manufacturing infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the motor control centers industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising awareness level among small and medium-sized businesses, growing number of manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the motor control centers (MCC) market are ABB, Ltd., Schneider Electric SE, Siemens AG, Eaton Corp., Rockwell Automation, Inc., and General Electric Company.

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