The global motor control centers market is projected to grow at a CAGR of 5.47% Cheap Ondrej Palat Shirt , from 2017 to 2022, to reach a market size of USD 6.22 Billion by 2022. This growth is attributed to increasing industrial automation in developed regions and increasing power generation capacity additions globally. The increased use of electric motors in key industries and increased industrial plant uptime is expected to boost the demand for motor control centers.
The leading players in the motor control centers market include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation Cheap Alex Killorn Shirt , PLC (Ireland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and General Electric Company (U.S.). New product developments was the most commonly adopted strategy by top players in the market from 2013 to 2017. It was followed by contracts & agreements Cheap Chris Kunitz Shirt , expansions, and mergers & acquisitions.
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Objectives of the Study
?To define, describe, and forecast the global motor control centers market on the basis of type, voltage Cheap Tyler Johnson Shirt , component, standard, end-user, and region
?To provide detailed information regarding the major factors influencing the growth of the motor control centers market (drivers, restraints Cheap Anton Stralman Shirt , opportunities, and industry-specific challenges)
?To strategically analyze the motor control centers market with respect to individual growth trends, future prospects, and contributions of each segment to the market
?To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
?To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes market players on various parameters within the broad categories of business and product strategies
?To strategically profile key players and comprehensively analyze their market shares and core competencies
?To track and analyze competitive developments such as contracts & agreements Cheap Mikhail Sergachev Shirt , expansions, new product developments, and mergers & acquisitions in the motor control centers market.
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The low voltage segment is expected to hold the largest share of the motor control centers market, by voltage, during the forecast period
The low voltage segment includes motor control centers of up to 1 kV. The segment is expected to hold the major share due to the widespread adoption of low voltage motors in various industries globally. Low voltage motor control centers are mainly used in the chemicals and petrochemicals Cheap Nikita Kucherov Shirt , paper and pulp, cement, food and beverage, automobile, oil and gas Cheap Steven Stamkos Shirt , cement, and textile industries. The market in Asia-Pacific is the largest for low voltage motor control centers because of rapid industrialization and urbanization in countries such as China and India. All these factors are expected to boost the low voltage motor control centers market.
The busbars segment is the largest motor control centers market, by component
The busbars segment held the largest share of the motor control centers market in 2016. A busbar is the most important component of a motor control center as it acts as a common voltage point for all electrical equipment connected to the MCC. The increase in the flexibility, efficiency, and reliability of busbars and the elimination of the need for additional wires have led to the rising demand for busbars in the motor control centers market. Busbars are mainly used in utilities to deliver power to buildings and in industrial applications to deliver power to electrical loads.
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The report target audience includes:
?Motor control centers manufacturers Cheap Vladislav Namestnikov Jersey , distributors, and suppliers
?State and national regulatory authorities
?Consulting companies in the energy and power sector
?Institutional investors and shareholders
?Environmental research institutes
?Process industries and power and energy associations
?Government and research organizations
?Petroleum companies
?Energy efficiency consultancies
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