This industry research reports outlines the market forecast and segmentation of motor control systems based on intelligent motor control center and conventional motor control center. Market segmentation by end-users includes commercial and industrial sectors. This research report also provides market shares for APAC, Americas, and EMEA. The leading companies analyzed by this report include ABB, Eaton, Rockwell Automation, and Schneider.
Technavio’s market research analysts estimate the global MCC market to grow at a CAGR of around 5% between 2015 and 2019. Much of this market’s growth comes from the increased level of automation across industries. Motor control centers (MCCs) not only start and stop the motor but also voltage and current metering, earthing, and thermal protection. The Americas dominate the global market for MCCs, occupying around 43% of the total market share. Factors like rebound in manufacturing activities, and surge in the number of motor vehicles in use are expected to drive this region’s growth over the next four years.
The new market research report from Technavio provides a breakdown and analysis of the motor control center segments by technology.
“Rising concerns over motor failures across industries such as oil and gas, mining, power, chemical, and automotive have intensified the implementation of MCCs in these sectors. Most of the interruptions in the production process occurs due to motor failures caused by overload, voltage conditions, rotor failures, bearing failures, contaminants, and old age. Increased adoption of intelligent MCCs provides predictive maintenance, lowers the troubleshooting time and give early trip warnings for faster action,” says Navin Rajendra, Lead Analyst, Industrial Automation, Technavio Research
Conventional MCCs dominate the market, accounting for around 67% of the overall market revenue. The growing standardization toward safety and efficiency has led to increased adoption of conventional MCCs. These MCCs are connected to the controllers with multi-core cables to allow the exchange of status and measurement information. They are generally used to control small power motors.
The major players in the global motor control center market include ABB, Eaton, Rockwell Automation, and Schneider. The leading vendors in the global motor control center market are expected to leverage the emerging oil and gas industry in Africa over the next four years. Exploration activities are on the rise, with more than 500 companies exploring oil and gas reserves across the continent.
A more detailed analysis is available in the Technavio report, Global MCC Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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