The motor control center is an assembly to control multiple electric motors in a central location. It consists of various enclosed sections having a common power bus containing a combination starter, which in turn consists of a motor starter, fuses or circuit breaker, and power disconnect. Booming power sector and augmented power generation capacities are acting as growth drivers for the global motor control centers market during the forecast period.
MARKET DYNAMICS
The motor control centers market is anticipated to grow in the forecast period owing to driving factors such as increasing demand from large manufacturing plants and industries. The industry automation trend in the developed nation is further likely to fuel market growth. However, high initial investments may hamper the growth of the motor control centers market during the forecast period. Nevertheless, smart and integrated devices are expected to offer lucrative opportunities for the motor control centers market over the coming years.
MARKET SCOPE
The "Global Motor Control Centers Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on the global market trend analysis. The report aims to provide an overview of motor control centers market with detailed market segmentation by type, voltage, industry vertical, and geography. The global motor control centers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading motor control centers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global motor control centers market is segmented on the basis of type, voltage, and industry vertical. Based on type, the market is segmented as intelligent and conventional. On the basis of the voltage, the market is segmented as low and medium. The market on the basis of the industry vertical is classified as metals & mining, cement & manufacturing, oil & gas, utilities, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global motor control centers market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The motor control centers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting motor control centers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the motor control centers market in these regions.
MARKET PLAYERS
The reports cover key developments in the motor control centers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from motor control centers market are anticipated to lucrative growth opportunities in the future with the rising demand for motor control centers in the global market. Below mentioned is the list of few companies engaged in the motor control centers market.
The report also includes the profiles of key motor control centers companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Ltd.
- Eaton Corporation
- Larsen & Toubro Limited
- LSIS Co. Ltd.
- Mitsubishi Motors Corporation
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- TES Group
- Tesco Controls, Inc.
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