DUBLIN, May 12, 2021 /PRNewswire/ -- The "Motor Control Centers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global motor control centers market reached a value of US$ 5.5 Billion in 2020. Motor control centers (MCCs) are enclosed assemblies of centralized systems that control the functioning and regulate the distribution of power to industrial motors. Consisting of several components such as frequency drives, programmable controllers, metering apparatus, busbars and wire-ways inside an integrated panel, they significantly aid in increasing productivity and reducing operating expenses. Furthermore, they can simplify wiring, rearrange units, minimize downtime, reduce repair time and facilitate monitoring of the equipment. Owing to these benefits, MCCs find extensive application across various industry sectors such as oil & gas, metals & mining, utility, chemicals and petrochemicals, etc.The rising trend of industrial automation, along with increasing power generation capacities is the key factor driving the growth of the market. Initiatives to upgrade the existing power infrastructure to meet the global energy requirement has significantly enhanced the adoption of MCCs across the globe. Furthermore, energy providers are increasingly emphasizing on developing reliable electricity supply and maximize safety in the distribution and transmission networks. The introduction of intelligent MCCs is also contributing to the market growth as they offer real-time monitoring facility, enable predictive maintenance and assist in conducting advanced diagnostics of the electronic systems. Moreover, the adoption of the Internet of Things (IoT)-enabled MCCs have encouraged the vendors to develop advanced control modules and integrate smart devices with medium voltage variants. Other factors, including various technological advancements, implementation of loss detection feature and rapid urbanization, are also projected to drive the market further. Looking forward, the publisher expects the global motor control centers market to exhibit moderate growth during the next five years.
Competitive Landscape:The competitive landscape of the industry has also been examined with some of the key players being ABB, Atmel Corporation, Eaton Corporation, Fuji Electric Co., General Electric, Larsen & Toubro, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens AG, TESCO Controls Inc., WEG Industries, etc. Key Questions Answered in This Report:1. What was the global motor control centers market size in 2020?2. What will be the motor control centers market outlook during the forecast period (2021-2026)?3. What are the major global motor control centers market drivers?4. What are the major trends in the global motor control centers market?5. What is the impact of COVID-19 on the global motor control centers market?6. What is the global motor control centers market breakup by type?7. What is the global motor control centers market breakup by voltage?8. What is the global motor control centers market breakup by component?9. What is the global motor control centers market breakup by end use sector?10. What are the major regional markets in the global motor control centers industry?11. Who are the leading motor control center industry players? Key Topics Covered: 1 Preface 2 Scope and Methodology2.1 Objectives of the Study2.2 Stakeholders2.3 Data Sources2.3.1 Primary Sources2.3.2 Secondary Sources2.4 Market Estimation2.4.1 Bottom-Up Approach2.4.2 Top-Down Approach2.5 Forecasting Methodology 3 Executive Summary 4 Introduction4.1 Overview4.2 Key Industry Trends 5 Global Motor Control Centers Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast 6 Market Breakup by Type6.1 Conventional6.1.1 Market Trends6.1.2 Market Forecast6.2 Intelligent6.2.1 Market Trends6.2.2 Market Forecast 7 Market Breakup by Voltage7.1 Low Voltage7.1.1 Market Trends7.1.2 Market Forecast7.2 Medium Voltage7.2.1 Market Trends7.2.2 Market Forecast 8 Market Breakup by Component8.1 Overload Relays8.1.1 Market Trends8.1.2 Market Forecast8.2 Circuit Breakers & Fuses8.2.1 Market Trends8.2.2 Market Forecast8.3 Soft Starters8.3.1 Market Trends8.3.2 Market Forecast8.4 Busbars8.4.1 Market Trends8.4.2 Market Forecast8.5 Variable Speed Drives8.5.1 Market Trends8.5.2 Market Forecast8.6 Others8.6.1 Market Trends8.6.2 Market Forecast 9 Market Breakup by End-Use Sector9.1 Industrial Sector9.1.1 Market Trends9.1.2 Market Forecast9.2 Commercial Sector 9.2.1 Market Trends9.2.2 Market Forecast 10 Market Breakup by Region10.1 North America10.2 Asia Pacific10.3 Europe10.4 Latin America10.5 Middle East and Africa 11 SWOT Analysis11.1 Overview11.2 Strengths11.3 Weaknesses11.4 Opportunities11.5 Threats 12 Value Chain Analysis 13 Porters Five Forces Analysis13.1 Overview13.2 Bargaining Power of Buyers13.3 Bargaining Power of Suppliers13.4 Degree of Competition13.5 Threat of New Entrants13.6 Threat of Substitutes 14 Competitive Landscape14.1 Market Structure14.2 Key Players14.3 Profiles of Key Players14.3.1 ABB22.214.171.124 Company Overview126.96.36.199 Product Portfolio 14.3.2 Atmel Corporation188.8.131.52 Company Overview184.108.40.206 Product Portfolio 14.3.3 Eaton Corporation220.127.116.11 Company Overview18.104.22.168 Product Portfolio 22.214.171.124 Financials126.96.36.199 SWOT Analysis14.3.4 Fuji Electric Co.188.8.131.52 Company Overview184.108.40.206 Product Portfolio 220.127.116.11 Financials18.104.22.168 SWOT Analysis14.3.5 General Electric22.214.171.124 Company Overview126.96.36.199 Product Portfolio 188.8.131.52 Financials184.108.40.206 SWOT Analysis14.3.6 Larsen & Toubro220.127.116.11 Company Overview18.104.22.168 Product Portfolio 22.214.171.124 Financials126.96.36.199 SWOT Analysis14.3.7 Mitsubishi Electric188.8.131.52 Company Overview184.108.40.206 Product Portfolio 220.127.116.11 Financials18.104.22.168 SWOT Analysis14.3.8 Rockwell Automation22.214.171.124 Company Overview126.96.36.199 Product Portfolio 188.8.131.52 Financials184.108.40.206 SWOT Analysis14.3.9 Schneider Electric220.127.116.11 Company Overview18.104.22.168 Product Portfolio 14.3.10 Siemens AG22.214.171.124 Company Overview126.96.36.199 Product Portfolio 188.8.131.52 Financials184.108.40.206 SWOT Analysis 14.3.11 TESCO Controls Inc.220.127.116.11 Company Overview18.104.22.168 Product Portfolio 14.3.12 WEG Industries 22.214.171.124 Company Overview126.96.36.199 Product Portfolio
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