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Intelligent Motor Control Center Market Size | Forecast 2031
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Intelligent Motor Control Center Market Size | Forecast 2031

Segments - Intelligent Motor Control Center Market By Operating Voltages (Low Voltage Intelligent MCCS and Medium Voltage Intelligent MCCS) End-users (Automotive, Pulp & Paper, Mining & Metals, Oil & Gas, Food & Beverage, Power Generation, and Chemicals/Petrochemicals), and Regions (Asia Pacific, North America, Latin America, Europe, And Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Raksha
Author : Raksha Sharma
https://growthmarketreports.com/Vaibhav
Fact-checked by : V. Chandola
https://growthmarketreports.com/Swapnil
Editor : Swapnil Hedau

Upcoming | Report ID :EP-3503 | 4.3 Rating | 68 Reviews | 209 Pages | Format : PDF Excel PPT

Report Description


Intelligent Motor Control Center Market Outlook

The global intelligent motor control center (IMMCC) market size was valued at USD 5.46 Billion in 2022 and is likely reach to USD 10.04 Billion by 2031, expanding at a CAGR of 7% during the forecast period, 2023–2031. The growth of the market is attributed due to the fact that IMCCs mix hardware, software, and communication technologies to provide users with a variety of features.

A motor control center is an enclosed grouping of one or more parts with a common power bus. These centers are crucial for enhancing production and lowering operational expenses. Additionally, motor control centers combine production and business networks with field equipment with ease.

They provide fundamental protection, intelligent monitoring, and diagnostic capabilities from motor management relays, which are widely accepted in production units today.

Intelligent Motor Control Center Market Outlook

The intelligent motor control centers market was impacted by the shutdown of non-essential manufacturing and commercial sectors. In 2020, the motor control centers utilized by industrial and commercial end-users was reduced to halt in manufacturing industries.

  • Increasing demand for cost-effective solutions and equipment damage is driving the market growth.
  • Rising expansion in automation technology and continuous upgradation in the power infrastructure is anticipated to the growth of the intelligent motor control center market.
  • Falling crude oil prices leading to reduced investments in the oil & gas sector can hamper the market growth.
  • Growing requirement for efficient and interconnected motor detection and protection devices, offering the several opportunities.

Scope of the Intelligent Motor Control Center Market Report

The report on the global intelligent motor control center market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Intelligent Motor Control Center Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Operating Voltages (Low Voltage Intelligent MCCS and Medium Voltage Intelligent MCCS) End-users (Automotive, Pulp and Paper, Mining and Metals, Oil and Gas, Food and Beverage, Power Generation, and Chemicals/Petrochemicals)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

 SIiemens AG; ABB Limited; General Electric Co.; Schneider Electric SE; and Eaton Corporation

Intelligent Motor Control Center Market Segment Insights

Low voltage intelligent MCCS segment is expected to grow at a rapid pace

Based on operating Voltages, the market is divided into low voltage intelligent MCCS, medium voltage intelligent MCCS. The low voltage intelligent MCCS segment is expected to grow at a rapid pace during the forecast period owing to widespread adoption in various industries across the world.

Intelligent Motor Control Center Market Voltages

Automotive segment is projected to expand at a considerable CAGR

On the basis of end-user industries, the market is segregated into automotive, pulp and paper, mining and metals, oil and gas, food and beverage, power generation, and chemicals/petrochemicals. The automotive segment is projected to expand at a considerable CAGR during the forecast period due to technological improvements and expanding adoption of automation in the manufacturing sector.

Intelligent Motor Control Center Market End Users

Intelligent Motor Control Center Market Regional Outlook

Latin America is anticipated to constitute a key market share

In terms of regions, the global intelligent motor control center market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Latin America is expected to constitute a key share of the market during the projected period owing to the growing urbanization and industrialization in the region.

However, the market in North America is anticipated to expand at a rapid pace during the forecast period owing to the increasing power generation capacity addition and electricity demand.

Intelligent Motor Control Center Market Region

Segments

Operating Voltages

  • Low Voltage Intelligent MCCS
  • Medium Voltage Intelligent MCCS

End-user Industries

  • Automotive
  • Pulp & Paper
  • Mining & Metals
  • Oil & Gas
  • Food & Beverage
  • Power Generation
  • Chemicals/Petrochemicals

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global intelligent motor control center market are Siemens AG; ABB Limited; General Electric Co.; Schneider Electric SE; and Eaton Corporation. Competitors are competing on a significant scale due to rapid transition from MCCs to IMCCs across the globe.

Intelligent Motor Control Center Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intelligent Motor Control Center Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Intelligent Motor Control Center Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Intelligent Motor Control Center Market - Supply Chain
  4.5. Global Intelligent Motor Control Center Market Forecast
     4.5.1. Intelligent Motor Control Center Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Intelligent Motor Control Center Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Intelligent Motor Control Center Market Absolute $ Opportunity
5. Global Intelligent Motor Control Center Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Intelligent Motor Control Center Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Intelligent Motor Control Center Demand Share Forecast, 2019-2026
6. North America Intelligent Motor Control Center Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Intelligent Motor Control Center Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Intelligent Motor Control Center Demand Share Forecast, 2019-2026
7. Latin America Intelligent Motor Control Center Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Intelligent Motor Control Center Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Intelligent Motor Control Center Demand Share Forecast, 2019-2026
8. Europe Intelligent Motor Control Center Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Intelligent Motor Control Center Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Intelligent Motor Control Center Demand Share Forecast, 2019-2026
9. Asia Pacific Intelligent Motor Control Center Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Intelligent Motor Control Center Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Intelligent Motor Control Center Demand Share Forecast, 2019-2026
10. Middle East & Africa Intelligent Motor Control Center Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Intelligent Motor Control Center Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Intelligent Motor Control Center Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Intelligent Motor Control Center Market: Market Share Analysis
  11.2. Intelligent Motor Control Center Distributors and Customers
  11.3. Intelligent Motor Control Center Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Siemens AG
     11.4.2. ABB Limited
     11.4.3. General Electric Co.
     11.4.4. Schneider Electric SE
     11.4.5. Eaton Corporation

Methodology

Our Clients

Microsoft
FedEx Logistics
sinopec
Honda Motor Co. Ltd.
Pfizer
Deloitte
The John Holland Group
General Electric