The global motor control centers (MCC) market is expected to display higher growth rate in the upcoming period. Rapid surge in the market is credited to the increasing adoption of low voltage motors in various end-use industries. Motor control centers (MCC) are currently employed in different industries such as chemicals & petrochemicals, paper & pulp, cement, and food and beverage. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of motor control centers (MCC).

Increasing number of application of motor control centers (MCC) in automobile industry, oil & gas industry, cement manufacturing sector and textile industry, is expected to drive the growth of motor control centers (MCC) market over the forecast period. Growing importance towards predictive maintenance of motor is expected to drive the growth of wireless motor monitoring system market over the forecast period. Maintenance & monitoring of industrial low-voltage motor is considered as a high priority task owing to its widespread applications.

Increasing adoption of high-performing low-voltage motors in variable industrial application is expected to favor the market growth over the forecast period. A motor control center (MCC) helps to monitor several motors from remote or a central locations. A motor control center (MCC) contains several enclosed sections that has a common power bus. Each section has its own combination starter combined with motor starter, fuses or circuit breaker and power disconnect. The motor control centers uses push buttons, indicator lights, variable-frequency drives, programmable logic controllers and metering equipment for easy operations.

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The motor control centers market is broadly categorized into two major segments based on the product type such as intelligent motor control centers and conventional motor control centers. Intelligent motor control centers segment is growing rapidly in the market with substantial revenue generation in the last few years.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in industrial automation sector, surge in number of research & development activities and existence of well-established manufacturing infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the motor control centers industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising awareness level among small and medium-sized businesses, growing number of manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the motor control centers (MCC) market are ABB, Ltd., Schneider Electric SE, Siemens AG, Eaton Corp., Rockwell Automation, Inc., and General Electric Company.

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Global Motor Control Centers Market is expected to grow at a significant CAGR of 5.78% in the upcoming period as the scope and its applications are rising enormously across the globe. Motor control centers (MCC) are centralized systems that establish the controls for the industrial electric motors mainly related to factory machinery. These centers range in size from smaller portable cabinets to larger systems that are attached to the floor. They also vary from low to high voltages based on the motors to be controlled.

The factors that are playing a major role in the growth of market are growing demand for motor control centers from major manufacturers, rising industrial automation in developed regions, and growing power generation capacity across the globe. However, fluctuation in material costs may restrain overall market growth in the years to come. Motor control centers market is segmented based on type, voltage, component, standard, end-user, and region.

Intelligent motor control centers and conventional motor control centers are the types that could be explored in motor control centers in the forecast period. Medium and low voltage are the voltage types that could be explored in motor control centers in the forecast period.

Several components of motor control centers such as soft starters, bus bars, variable speed drives, circuit breakers and fuses, overload relays, and others could be explored in the forecast period. The bus bars sector accounted for the significant market share of motor control centers and is estimated to lead the overall market in the years to come. Based on standard NEMA, IEC, and others could classify motor control centers in the forecast period. The IEC sector accounted for the substantial market share of motor control centers and is estimated to lead the overall market in the years to come.

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The market may be categorized based on end users like a commercial, industrial, and others that could be explored in the forecast period. The industrial sector comprises food & beverage, oil & gas, cement & manufacturing, mining & metals, chemicals and petrochemicals, utilities, and others. The oil & gas sector accounted for the substantial market share of motor control centers and is estimated to continue its dominance in the years to come. The reason behind the growth of sector could be the rising use of motor control centers for drilling and other processes. In addition, the utility sector is estimated to grow at the highest CAGR in the years to come.

Globally, Asia Pacific accounted for the substantial market share of motor control centers and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be growing urbanization & industrialization and rising power generation capacity. Also, the sector is estimated to grow at highest CAGR in the forecast period. The developing countries like India and China are the major consumers of motor control centers in this region.

North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the forecast period. The key players of motor control centers market are Siemens, ABB, Schneider Electric, Eaton, Rockwell Automation, and General Electric. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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The global intelligent motor control centers (IMCC) market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the increasing adoption of low voltage motors in various end-use industries. Smart motor control centers (IMCC) are currently employed in different industries such as chemicals & petrochemicals, paper & pulp, cement, and food and beverage. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of motor control centers (MCC).

Increasing number of application of intelligent motor control centers (IMCC) in automobile industry, oil & gas industry, cement manufacturing sector and textile industry, is expected to drive the growth of intelligent motor control centers (IMCC) market over the forecast period. Growing importance towards predictive maintenance of motor is expected to drive the growth of wireless motor monitoring system market over the forecast period. Maintenance & monitoring of industrial low-voltage motor is considered as a high priority task owing to its widespread applications.

Increasing adoption of high-performing low-voltage motors in variable industrial application is expected to favor the market growth over the forecast period. A smart motor control center helps to monitor several motors from remote or a central locations. A smart motor control center contains several enclosed sections that has a common power bus. Each section has its own combination starter, followed with a combination of motor starters with fuse or circuit breaker, and power disconnect. The motor control centers use push buttons, indicator lights, variable-frequency drives, programmable logic controllers, and metering equipment for easy operations.

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The intelligent motor control centers (IMCC) market is broadly categorized into several segments based on the application type such as oil & gas industry, mining & metals industry, power generation sector, chemicals industry, pulp & paper industry, water & waste water industry, food & beverages industry, automotive sector, and ship building & transport sector. Oil & gas industry segment is growing rapidly in the market with substantial revenue generation in the last few years.

The IMCC market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in the recent years owing to the rising implementation of latest technologies in industrial automation sector, surging number of research & development activities and existence of well-established manufacturing infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.

Asia-Pacific region is estimated to hold a major share in the market with massive growth in the forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising awareness level among small and medium-sized businesses, growing number of manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the intelligent motor control centers (IMCC) market are Rockwell Automation, Inc., ABB Group, Schneider Electric SE, Siemens AG, Mitsubishi Electric Corp., Eaton Corp., Allis Electric Co., Ltd., Larsen & Toubro Ltd., Pima Controls Ltd., and Togami Electric Ltd.

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