Global Motor Control Centers Market

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 2024-2031

Report ID: SQMIG25A2190 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 96 | Figures: 76

Motor Control Centers Market News

  • 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.
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FAQs

Motor Control Centers Market size was valued at USD 5.84 billion in 2022 and is poised to grow from USD 6.25 billion in 2023 to USD 10.74 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).

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). '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'

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.

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.

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.

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Global Motor Control Centers Market

Report ID: SQMIG25A2190

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