The need for continuous uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization.The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure is expected to drive the growth of the global motor control centers market.
The Motor Control Centers Market in the Asia-Pacific region is expected to grow the fastest during the forecast period. The rapid industrialization, urbanization, and fast economic growth with growing electrical infrastructure in the countries such as India and China, will drive the market for motor control centers.
Global Motor Control Centers market is predicted to grow at approximately 5.95% by 2023
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The key players of global Motor Control Centers market are
- General Electric (U.S.),
- Siemens AG (Germany),
- ABB, Ltd. (Switzerland),
- Schneider Electric SE (France),
- Rockwell Automation (U.S.),
- Mitsubishi Electric Corporation (Japan),
- Hyosung Corporation (South Korea),
- Larsen & Toubro Limited (India),
- Technical Control Systems Ltd. (U.K),
- WEG S.A. (Brazil).
Market Research Analysis
Industrial segment of motor control center is expected to grow at the highest rate in the motor control centers market from 2017-2023.
The industrial usage of motor control centers currently holds a large share of total volume of motor control centers and is expected to dominate the market during forecast period. The increase in industrial development across the globe leading to the wide application of small and medium voltage motor control centers in industries for safe operations, will further enhance the industrial motor control centers market during the forecast period.
Growing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the global motor control centers market size over the forecast timeline. The motor control centers provides the most appropriate method for grouping electrical motor control, automation, and power distribution in compact and cost-effective package.
Motor control centers comprise of entirely enclosed, dead front, self-standing structures anchored together. These sections supports and host control units, a common busbars for distributing power to the control units, and a network of wire trough and conductor entrance areas for accommodating inward and outward load and control wires.
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Asia-Pacific region is expected to grow at the fastest rate
Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia demand continuous electric supply for the operations of industries, data centers, emergency services, and commercial & household purposes. Ageing conventional transmission & distribution network often hinders the supply for continuous power. This is creating a lucrative market for motor control centers in this region
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