USD 5.84 billion
Motor Control Centers Market Size, Share, Growth Analysis, By Voltage Range(Low Voltage Motor Control Centers, Medium Voltage Motor Control Centers), By Component(Busbars, Circuit Breakers, Overload Relays, Variable Frequency Drives (VFDs)), By End-user(Oil & Gas, Manufacturing, Power Generation, Automotive), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2190 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
96
|Figures:
76
Motor Control Centers Market Insights
Motor Control Centers Market size was valued at USD 6.25 Billion in 2023 and is poised to grow from USD 6.69 Billion in 2024 to USD 11.49 Billion by 2032, growing at a CAGR of 7% during the forecast period (2025-2032).
The motor control centers market in recent years, part of the industrial and manufacturing category, is an extremely important delivery system that oversees electrical-driven motors.
The spread of industrial automation to various sectors has spurred the development of efficient motor controls. The Motor Control Centers are centralized motor-control systems for use in industrial processes. Today, as an increasing number of businesses focus on saving energy and maintaining sustainability, concerns are gaining greater currency. For example, VFDs can now be included in MCCs to help the motors save energy.
Moreover, the need to meet safety and environmental regulations has become a new motivation for innovation in Motor Control Centers. To ensure safety in industry many manufacturers are turning to products that meet international standards.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Manufacturing
Fastest Growth
Power Generation
Growth Rate
7% CAGR
Global Motor Control Centers Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Motor Control Centers Market Segmental Analysis
The global motor control centers market is segmented into four major segments i.e. by voltage range, component type, end-user industries, and region. Based on voltage range, it is divided into low voltage motor control centers, medium voltage motor control centers. Based on component type, it is bifurcated as busbars, circuit breakers, overload relays, variable frequency drives (VFDS), soft starters, and others. Based on end-user industries it is segregated into oil & gas, manufacturing, power generation, automotive, water & wastewater treatment, commercial buildings, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Component
By enabling variable speed operation of motors, VFDs can save a tremendous amount of energy. With industry placing greater emphasis on energy conservation, demand for VFDs in motor control centers should also be stable. One of the biggest advantages of VFDs is that they allow precise control over motor speed and torque, which make them suitable for use in applications where process control is critical.
The adoption of integrated communication protocols, including Ethernet/IP, Modbus and more in smart motor control centers is also completely suitable for working with Industry 4.0 or the Internet of Things (IoT). With this integration, real-time data exchange and connectivity become a reality. Industrial processes will be able to run smarter and more efficiently as information becomes incorporated in the machines they use on an increasingly deep level. Communication protocols enable the sharing of data between motor control centers and other systems, laying a foundation for analysis and decision-making.
Analysis by End-Use
The manufacturing industry has been the chief initiator of industrial automation, generating a need for motor control centers to monitor and oversee working procedures. As the economies of emerging countries continue to grow and industrialize, demand for motor control centers among manufacturers is expected to remain high.
This has created growing demand for motors in wind and solar power generation projects, which are taking the world by storm. These motors are efficiently administered by the work of motor control centers. With the integration of smart grid technologies and installation of energy storage systems in power generation facilities, demand for high-grade intelligent motor control is expected to increase.
Global Motor Control Centers Market By End-Use
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Motor Control Centers Market Regional Insights
The Asia-Pacific region has been a center of fast industrialization. India and China are good examples. The growth of the manufacturing and industrial sectors in these countries is a major factor creating demand for motor control centers. Undergoing infrastructure construction, such as energy systems, transportation mechanisms and manufacturing plants in the region also cause a rise in demand for motor control centers.
In particular, the Middle East has been pumping huge amounts of money into energy and infrastructure. Demand for motor control centers comes in part from construction of power plants, water treatment facilities and smart infrastructure. The development of renewable energy projects, as well as the focus on solar and wind power generation further creates demand for motor control centers in the Middle East.
Global Motor Control Centers Market By Region
- Largest
- Fastest
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Motor Control Centers Market Dynamics
Drivers
Increasing Trend Towards Industrial Automation Across
- A growing trend in all areas of industry toward industrial automation has led to a sharp upsurge demand for efficient motor control mechanisms. Motor Control Centers are central controls for monitoring and managing electrical motors which can be used to optimize industrial procedures. Second, the energy efficiency and sustainability issues that have surfaced in recent years have led industries to adopt new technologies for motors.
Restraints
High Initial Investment Required for the Installation
- Insufficient R & D Another market bottleneck is the relatively high initial costs needed to install cutting-edge motor controls, including Intelligent Motor Control Centers (iMCC) and Variable Frequency drive systems. Because of the high upfront costs involved, smaller firms are hesitant to adopt these advanced solutions. In addition, regional economic uncertainties and limits on capital outlays are likely to slow overall market growth.
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Motor Control Centers Market Competitive Landscape
SkyQuest note the market environment in Motor Control Centers is very competitive and subject to change. There are several key industry members active with each trying to gain a share of the pie as well as technological leadership status. The big players generally only concern themselves with R & D efforts to promote more mature motor control products, such as improved intelligent Motor Control Centers (iMCC).
Top Player’s Company Profiles
- ABB Ltd.
- Eaton Corporation
- Siemens AG
- Schneider Electric
- Rockwell Automation, Inc.
- LSIS Co., Ltd.
- Mitsubishi Electric Corporation
- Fuji Electric
- WEG
- Gemco Controls Limited
- General Electric
- Sun-Tech Engineers
- Vidyut Control India Private Limited
- Rolla Limited
- Technical Control System Limited
- Tesco Controls, Inc.
- Hitachi
- Phoenix Contact
- Eaton Cleveland Controls
- Danfoss
Recent Developments
- In March 2024, Rockwell Automation, Inc., the world's largest company dedicated to industrial automation and digital transformation, announced the regional availability of its CUBIC product line. CUBIC Modular Switchboard and Motor Control Center (MCC) Systems Save on maintenance time while enhancing sustainability and safety in production environments.
- In January 2024, WorldWide Electric Corporation announced the acquisition of North American Electric, Inc. It reinforced WorldWide Electric’s priority of providing its customers the industry’s best service along with adding world-class in-house motor control panel manufacturing capability.
- In December 2023, ST launched embedded software for sensorless zero-speed/high-torque motor control. STMicroelectronics' STM32 ZeST (Zero Speed Full Torque) software algorithm lets sensorless motor drives produce full torque at zero speed.
Motor Control Centers Key Market Trends
- Rising Integration of Smart and Connected technologies in Motor Control Centers: The growing trend towards smart and connected Motor Control Centers. iMCCs are becoming increasingly popular, not only featuring remote monitoring and predictive maintenance but also real-time diagnostics. This trend of smartness is in keeping with the Industry 4.0 concept, allowing businesses to improve operational efficiency and reduce downtime based on real data analysis.
Motor Control Centers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
A market in flux The Global Motor Control Centers report includes a number of interesting trends and challenges. But the market is moving upward with increasing demand for industrial automation, energy conservation efforts and world infrastructure development. But difficulties such as high start-up costs and interoperability have to be overcome. iMCC (intelligent motor control centers) and VFDs (variable frequency drives) are coming into vogue. As for the region, Asia-Pacific leads due to widespread rapid industrialization and North America grows steadily while Europe lags behind. Other key trends include the combination of smart technologies, more attention to energy-saving designs and solutions as well as greater cybersecurity measures.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.84 billion |
| Market size value in 2031 | USD 10.74 billion |
| Growth Rate | 7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Motor Control Centers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Motor Control Centers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Motor Control Centers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Motor Control Centers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Motor Control Centers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Motor Control Centers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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