Motor Control Centers Market worth $5.46 Billion by 2020

The report “Motor Control Centers Market by Type (Intelligent & Conventional), by Voltage (LV & MV), by End User (Industrial & Commercial), by Component (Circuit Breakers & Fuses, VFD’s, Overload Relays, Soft Starters, Bus Bars & Others) - Global Forecast and Trends to 2020” defines and segments the global motor control center market with an analysis and forecast of the market size. The motor control center market is expected to grow from an estimated $4.25 Billion in 2015 to $5.46 Billion by 2020, at a CAGR of 5.1%.

Browse 91 market data tables and 53 figures spread through 184 pages and in-depth TOC on “Motor Control Centers Market - Global Forecast and Trends to 2020"Sample Pages:  http://www.marketsandmarkets.com/requestsample.asp?id=227058918

The global MCC market is witnessing high growth on account of an increase in the demand for developing economies, and up gradation of power infrastructure.  A major portion of the demand comes from oil & gas and mining activities in the Americas and Asia-Pacific regions.  Increasing acceptance of motorized automation across various industries has driven the demand for motor control centers around the world. A motor control centers is designed to control the motors from a central location for all industrial applications such as cement, oil & gas, chemicals, power generation, construction, and auto motives. The motor control centers market has received a boost due to the growth of the intelligent MCC that offer diagnostic capabilities, loss detection, and predictive maintenance features.

Furthermore, increasing acceptance in wastewater treatment plants, rising oil & gas activities, hassle free installation, and enhancement of the overall effectiveness of the equipment are expected to affect the motor control centers market, globally. The figure below shows the global motor control center market share by region in 2014.

The report forecasts revenue of the global motor control center market, which includes all types of MCCs with respect to main regions such as North America, South America, Asia-Pacific, Europe, and the Middle East and Africa. Motor control center market is also analyzed on the basis of the end-users which include commercial and industrial market. The motor control center market includes major players mainly ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Siemens AG (Germany), Schneider Electric (France), and Rockwell Automation (U.S.), General Electric (U.S.), Fuji Electric (Japan), Gemco Controls Limited (India),Mitsubishi Electric Corporation (Japan), and WEG (Brazil), Sun-Tech Engineers (India), Vidyut Control India Private Limited (India), Rolla Limited (England), Technical Control System Limited (U.K.).

Asia-Pacific: Leading market for Motor Control Center

Asia-Pacific dominated the motor control center market in 2014, closely followed by North America. The increasing demand of motors from various industries and the need for infrastructure construction in China, India, Indonesia, and Malaysia, are the key factors for the increase demand of MCC in Asia Pacific. Asia-Pacific MCC device market is primarily driven by countries such as China, Japan, India, and Australia where there is a steep demand of motors. Asia-Pacific is projected to grow at a higher rate in motor control center market where India and China have the fastest growth within the region. North America had the second largest MCC market in 2014. The infrastructure investment, growing industries, and increasing power generation offer huge potential for MCCs in North America.

Conventional Motor Control Centers: Largest Type Market

Conventional MCCs led the overall motor control center market with a share of around 63% in 2014, owing to increasing levels of industrial automation mainly from developing economies such as, China, India, Brazil, Germany, and France. Intelligent motor control center plays an important role in the motors market, therefore they are expected to grow at a slightly higher CAGR of 5.2% from 2015 to 2020. Intelligent MCCs are gaining revenue especially in oil & gas, mining, wastewater, and chemical industries as it is helpful in minimizing maintenance costs, reducing downtime, and ensuring operator safety.

Low Voltage MCCs: Largest Voltage Market

Due to the rising demand of MCCs from various industries like oil & gas, mining, petrochemicals, paper and pulp, the market for low voltage motor control center is expected to increase in the upcoming years. This growth is majorly driven by Asia-Pacific as it houses two of the fastest growing economies China and India, which have rapid industrialization and urbanization.

Industrial End-User: Largest End-User Market

The industrial segment is the main driver of the global motor control center market with an estimated value of $3.74 billion in 2015 and is expected to become 4.97 billion by 2020. This sector provides a good scope for motor control center manufacturers as nowadays most of the industries are dependent upon motorized automation. Industrial sector comprises mainly of the utilities, construction and manufacturing, mining industries, oil & gas, automotive, and pharmaceuticals among others. Oil & gas and mining and metals industries cover approximately 40% of the total industrial MCC market in 2014. The MCC market is likely to decline for oil & gas activities in 2015, but it is expected to grow with the stabilization of oil prices.

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