Global Motor Control Center Market 2015-2019
Outlook of the global motor control market
Technavio’s market research analysts predict the global motor control center (MCC) market to grow at a CAGR of nearly 5.50% over the next four years. The market is driven by increased level of automation across industries.
Rising competition and strict safety and efficiency standards have led industries to automate their operations, thereby driving the demand for motor control centers. Its primary function is not only to start and stop the motor but also voltage and current metering and earthing, and thermal protection. With a hassle-free installation process, the demand for intelligent motor control centers is expected rise significantly in the next 10 years.
Global motor control market by type
- Intelligent motor control center
- Conventional motor control center
In a conventional MCC, individual devices perform single functions. These MCCs are connected to controllers with multi-core cables to allow the exchange of status and measurement of information. The multi-core cables also provide the controller the medium to control MCCs. These MCCs are most often used for controlling small power motors that don’t require complex controlling and monitoring. The demand for these MCCs is expected to come from developing nations in industries such as food and beverage, pharmaceutical, and pulp and paper.
Global motor control market by end-users
The industrial segment is a major end-user of the global MCC market. It includes industries such as oil and gas, power, water and wastewater, mining, automotive, pharmaceutical, construction, and manufacturing industries. Oil and gas, mining, and water wastewater industries occupy around half of the total MCC market. Increased motorized automation will continue to drive the demand for MCCs.
Geographical segmentation of the global motor control market
Revenues from the US will mainly drive the MCC market in the Americas region. The US is the second largest manufacturer of consumer goods in the world and about 19% of the global output is produced by US alone. It will continue to be a leader in industries such as aerospace and defense, automotive, chemicals, telecommunication, and machinery.
Top companies in the global motor control center market
- Rockwell Automation
The leading vendors in the global motor control center market are expected to leverage the emerging oil and gas industry in Africa over the next four years. Exploration activities are on the rise, with more than 500 companies exploring oil and gas reserves across the continent.
Other prominent vendors in this market include Allis Electric, Cordyne, Fuji Electric, GE, Gemco Controls, Mitsubishi, Rolla, Technical Control System, and WEG.
Key questions answered in the report
- What are the key factors driving the global motor control market?
- What are the key market trends impacting the growth of the global motor control market?
- What are the various opportunities and threats faced by the vendors in the global motor control market?
- Trending factors influencing the market shares for the connected home appliances market in the US?
- Key outcome of the five forces analysis on the global motor control market?
- Growth forecast of the global motor control market?
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