Global Motor Control Centers Market Size, Share, Development, Growth and Demand Forecast to 2024 by P&S Intelligence

Global Motor Control Centers Market Size, Share, Development, Growth and Demand Forecast to 2024 by P&S Intelligence

Press Release

The global motor control system market is showcasing significant growth due to increasing level of industrial automation. The industrial segment is the largest end-user for motor control centers, due to large-scale application in various industries. The industrial segment has been further sub segmented into oil and gas, chemicals, mining and metals, cement and utilities.

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The oil and gas and mining and metals segments are the largest end-users in the industrial segment; however, these segments are expected to achieve slow growth during the forecast period, owing to oil price downfall. The oil price slump has resulted in cost cutting by oil and gas companies, which in turn affects the motor control centers market. Decrease in greenfield investments by the oil and gas industry is one of the restraining factors for the motor control centers market, globally.

A motor control center (MCC) is an enclosed assembly of motor starters or overload protection devices with common power busbar to control several motors. MCC helps in increasing productivity and minimizing the operating costs. Growth in industrial automation and upgradation of the power infrastructure is expected to contribute to the growth of the market.

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Asia-Pacific and North America are expected to register higher growth in the global MCC market, as compared to other regions, during the forecast period. Growing industrial automation and growth of various industries such as chemicals, power, and oil and gas are driving the demand for motor control centers in the region.

Global Advanced Materials Market Segmentation
By Voltage

  • Low Voltage MCC
  • Medium Voltage MCC

By Type

  • Conventional MCC
  • Intelligent MCC

By Component

  • Busbars
  • Overload relays
  • Variable speed drives
  • Soft starters
  • Others

By End User

  • Oil & Gas
  • Chemical & Petrochemicals
  • Utilities
  • Food & Beverage
  • Mining
  • Others

By Geography

  • North America
    • The USA
    • Canada
  • Europe
    • The UK
    • Italy
    • Spain
    • Germany
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of APAC
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • UAE
    • Others

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