Need help finding what you are looking for?
Contact Us
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1475826
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1475826
Global Motor Control Center Market Size Study & Forecast, By Voltage by Type, By Component, By End-User and Regional Analysis, 2023-2030
PUBLISHED:
PAGES: 200 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Global Motor Control Center Market is valued at approximately USD 5.46 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2023-2030. A Motor Control Center (MCC) is a centralized assembly of motor starters, variable frequency drives (VFDs), circuit breakers, and other control devices housed in a single enclosure. This apparatus is designed to control and distribute electrical power to electric motors within industrial and commercial settings. MCCs provide a convenient and organized solution for managing multiple motors and associated equipment from a single location. The Motor Control Center market is expanding because of factors such as ongoing trends in industrial automation, expansion of manufacturing and infrastructure sectors, and increasing adoption of renewable energy.
The increasing adoption of industrial automation across various sectors such as manufacturing, oil and gas, automotive, and utilities is driving the demand for Motor Control Center Market. Motor Control Center plays a crucial role in controlling and managing electric motors, industrial robots, and IoT systems which are integral components of automated industrial processes. The integration of Industrial Internet of Things (IIoT) technology into motor control systems allows for real-time monitoring, predictive maintenance, and remote management capabilities. This trend is driving the adoption of IoT-enabled MCCs as industries seek to harness the benefits of data-driven decision-making and automation. The Statista report states that the global Industrial Internet of Things (IIoT) market size in the year 2021 stood at USD 263.52 billion which increased to USD 323.62 billion in the year 2022 and it is projected to reach USD 1110 billion by the year 2028. This rising market share is resulting in market growth. In addition, rising technological advancements such as integration of AI and ML in control center and rapid urbanization and industrialization worldwide are creating new opportunities for market growth. However, lack of skilled labor and cybersecurity concerns stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Motor Control Center Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as industrial automation, modernization of infrastructure, emphasis on energy efficiency, stringent safety regulations, rising technological advancement, and expansion of industrial infrastructure. Asia Pacific is expected to grow at the fastest rate during the forecast period, owing to factors such as rapid industrialization, urbanization, and infrastructure development, increasing investments in energy and power sectors, and technological advancements and adoption of IoT in the region.
Major market players included in this report are:
- Siemens AG
- ABB Ltd.
- Schneider Electric SE
- Eaton Corporation plc
- Rockwell Automation, Inc.
- General Electric Company
- Larsen & Toubro Limited
- Fuji Electric Co., Ltd.
- WEG Industries
- Mitsubishi Electric Corporation
Recent Developments in the Market:
- In November 2022, Rockwell Automation, Inc. announced the acquisition of CUBIC, a renowned provider of modular systems for manufacturing electrical panels. This strategic acquisition is poised to enhance Rockwell's motor control portfolio, leveraging CUBIC's expertise and innovative solutions.
- In July 2022, Siemens Industry Inc. introduced combination motor/drive packages, providing OEMs and end-users with a comprehensive solution for a diverse array of heavy-duty industrial motion control applications. This offering allows customers to select the most suitable solution from a single source, streamlining the procurement process and ensuring seamless integration. Moreover, Siemens offers a generous three-year warranty, providing peace of mind and reliability to customers investing in these motor/drive packages.
Global Motor Control Center Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Voltage, Type, Component, End-User, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Voltage:
- Low Voltage
- Medium Voltage
By Type:
- Conventional Motor
- Smart Motor
By Component:
- Busbar
- Circuit Breaker & Fuses
- Relay
- Variable Speed Drives
- Others
By End-User:
- Oil & Gas
- Iron & Steel
- Minerals & Mining
- Food & Beverage
- Automotive
- Commercial
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Motor Control Center Market, by Region, 2020-2030 (USD Billion)
- 1.2.2.Motor Control Center Market, by Voltage, 2020-2030 (USD Billion)
- 1.2.3.Motor Control Center Market, by Type, 2020-2030 (USD Billion)
- 1.2.4.Motor Control Center Market, by Component, 2020-2030 (USD Billion)
- 1.2.5.Motor Control Center Market, by End-Users, 2020-2030 (USD Billion)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Motor Control Center Market Definition and Scope
- 2.1.Objective of the Study
- 2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
- 2.3.Years Considered for the Study
- 2.4.Currency Conversion Rates
Chapter 3.Global Motor Control Center Market Dynamics
- 3.1.Motor Control Center Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
- 3.1.1.1.Ongoing Trends in Industrial Automation
- 3.1.1.2.Expansion Of Manufacturing and Infrastructure Sectors
- 3.1.1.3.Increasing Adoption of Renewable Energy
- 3.1.2.Market Challenges
- 3.1.2.1.Lack of Skilled Labor
- 3.1.2.2.Cybersecurity Concerns
- 3.1.3.Market Opportunities
- 3.1.3.1.Rising Technological Advancements
- 3.1.3.2.Rapid Urbanization and Industrialization Worldwide
- 3.1.1.Market Drivers
Chapter 4.Global Motor Control Center Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.2.Porter's 5 Force Impact Analysis
- 4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
- 4.4.Top investment opportunity
- 4.5.Top winning strategies
- 4.6.COVID-19 Impact Analysis
- 4.7.Disruptive Trends
- 4.8.Industry Expert Perspective
- 4.9.Analyst Recommendation & Conclusion
Chapter 5.Global Motor Control Center Market, by Voltage
- 5.1.Market Snapshot
- 5.2.Global Motor Control Center Market by Voltage, Performance - Potential Analysis
- 5.3.Global Motor Control Center Market Estimates & Forecasts by Voltage 2020-2030 (USD Billion)
- 5.4.Motor Control Center Market, Sub Segment Analysis
- 5.4.1. Low Voltage
- 5.4.2.Medium Voltage
Chapter 6.Global Motor Control Center Market, by Type
- 6.1.Market Snapshot
- 6.2.Global Motor Control Center Market by Type, Performance - Potential Analysis
- 6.3.Global Motor Control Center Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 6.4.Motor Control Center Market, Sub Segment Analysis
- 6.4.1. Conventional Motor
- 6.4.2. Smart Motor
Chapter 7.Global Motor Control Center Market, by Component
- 7.1.Market Snapshot
- 7.2.Global Motor Control Center Market by Component, Performance - Potential Analysis
- 7.3.Global Motor Control Center Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 7.4.Motor Control Center Market, Sub Segment Analysis
- 7.4.1. Busbar
- 7.4.2. Circuit Breaker & Fuses
- 7.4.3. Relay
- 7.4.4.Variable Speed Drives
- 7.4.5.Others
Chapter 8.Global Motor Control Center Market, by End-Users
- 8.1.Market Snapshot
- 8.2.Global Motor Control Center Market by End-Users, Performance - Potential Analysis
- 8.3.Global Motor Control Center Market Estimates & Forecasts by End-Users 2020-2030 (USD Billion)
- 8.4.Motor Control Center Market, Sub Segment Analysis
- 8.4.1. Oil & Gas
- 8.4.2.Iron & Steel
- 8.4.3. Minerals & Mining
- 8.4.4. Food & Beverage
- 8.4.5. Automotive
- 8.4.6. Commercial, Others
Chapter 9.Global Motor Control Center Market, Regional Analysis
- 9.1.Top Leading Countries
- 9.2.Top Emerging Countries
- 9.3.Motor Control Center Market, Regional Market Snapshot
- 9.4.North America Motor Control Center Market
- 9.4.1.U.S. Motor Control Center Market
- 9.4.1.1.Voltage breakdown estimates & forecasts, 2020-2030
- 9.4.1.2.Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.3.Component breakdown estimates & forecasts, 2020-2030
- 9.4.1.4.End-Users breakdown estimates & forecasts, 2020-2030
- 9.4.2.Canada Motor Control Center Market
- 9.4.1.U.S. Motor Control Center Market
- 9.5.Europe Motor Control Center Market Snapshot
- 9.5.1.U.K. Motor Control Center Market
- 9.5.2.Germany Motor Control Center Market
- 9.5.3.France Motor Control Center Market
- 9.5.4.Spain Motor Control Center Market
- 9.5.5.Italy Motor Control Center Market
- 9.5.6.Rest of Europe Motor Control Center Market
- 9.6.Asia-Pacific Motor Control Center Market Snapshot
- 9.6.1.China Motor Control Center Market
- 9.6.2.India Motor Control Center Market
- 9.6.3.Japan Motor Control Center Market
- 9.6.4.Australia Motor Control Center Market
- 9.6.5.South Korea Motor Control Center Market
- 9.6.6.Rest of Asia Pacific Motor Control Center Market
- 9.7.Latin America Motor Control Center Market Snapshot
- 9.7.1.Brazil Motor Control Center Market
- 9.7.2.Mexico Motor Control Center Market
- 9.8.Middle East & Africa Motor Control Center Market
- 9.8.1.Saudi Arabia Motor Control Center Market
- 9.8.2.South Africa Motor Control Center Market
- 9.8.3.Rest of Middle East & Africa Motor Control Center Market
Chapter 10.Competitive Intelligence
- 10.1.Key Company SWOT Analysis
- 10.2.Top Market Strategies
- 10.3.Company Profiles
- 10.3.1. Siemens AG
- 10.3.1.1.Key Information
- 10.3.1.2.Overview
- 10.3.1.3.Financial (Subject to Data Availability)
- 10.3.1.4.Product Summary
- 10.3.1.5.Recent Developments
- 10.3.2.ABB Ltd.
- 10.3.3.Schneider Electric SE
- 10.3.4.Eaton Corporation plc
- 10.3.5.Rockwell Automation, Inc.
- 10.3.6.General Electric Company
- 10.3.7.Larsen & Toubro Limited
- 10.3.8.Fuji Electric Co., Ltd.
- 10.3.9.WEG Industries
- 10.3.10.Mitsubishi Electric Corporation
- 10.3.1. Siemens AG
Chapter 11.Research Process
- 11.1.Research Process
- 11.1.1.Data Mining
- 11.1.2.Analysis
- 11.1.3.Market Estimation
- 11.1.4.Validation
- 11.1.5.Publishing
- 11.2.Research Attributes
- 11.3.Research Assumption
LIST OF TABLES
- TABLE 1.Global Motor Control Center Market, report scope
- TABLE 2.Global Motor Control Center Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3.Global Motor Control Center Market estimates & forecasts by Voltage 2020-2030 (USD Billion)
- TABLE 4.Global Motor Control Center Market estimates & forecasts by Type 2020-2030 (USD Billion)
- TABLE 5.Global Motor Control Center Market estimates & forecasts by Component 2020-2030 (USD Billion)
- TABLE 6.Global Motor Control Center Market estimates & forecasts by End-Users 2020-2030 (USD Billion)
- TABLE 7.Global Motor Control Center Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8.Global Motor Control Center Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9.Global Motor Control Center Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10.Global Motor Control Center Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11.Global Motor Control Center Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12.Global Motor Control Center Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13.Global Motor Control Center Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 14.Global Motor Control Center Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 15.Global Motor Control Center Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 16.Global Motor Control Center Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 17.U.S. Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 18.U.S. Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 19.U.S. Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 20.Canada Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 21.Canada Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 22.Canada Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 23.UK Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 24.UK Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 25.UK Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 26.Germany Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 27.Germany Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 28.Germany Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 29.France Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 30.France Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 31.France Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 32.Italy Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 33.Italy Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 34.Italy Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 35.Spain Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 36.Spain Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 37.Spain Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 38.RoE Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 39.RoE Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 40.RoE Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 41.China Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 42.China Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 43.China Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 44.India Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 45.India Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 46.India Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 47.Japan Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 48.Japan Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 49.Japan Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 50.South Korea Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 51.South Korea Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 52.South Korea Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 53.Australia Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 54.Australia Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 55.Australia Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 56.RoAPAC Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 57.RoAPAC Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 58.RoAPAC Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 59.Brazil Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 60.Brazil Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 61.Brazil Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 62.Mexico Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 63.Mexico Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 64.Mexico Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 65.RoLA Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 66.RoLA Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 67.RoLA Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 68.Saudi Arabia Motor Control Center Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 69.South Africa Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 70.RoMEA Motor Control Center Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 71.List of secondary sources, used in the study of Global Motor Control Center Market
- TABLE 72.List of primary sources, used in the study of Global Motor Control Center Market
- TABLE 73.Years considered for the study
- TABLE 74.Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
- FIG 1.Global Motor Control Center Market, research methodology
- FIG 2.Global Motor Control Center Market, Market estimation techniques
- FIG 3.Global Market size estimates & forecast methods
- FIG 4.Global Motor Control Center Market, key trends 2022
- FIG 5.Global Motor Control Center Market, growth prospects 2023-2030
- FIG 6.Global Motor Control Center Market, porters 5 force model
- FIG 7.Global Motor Control Center Market, pest analysis
- FIG 8.Global Motor Control Center Market, value chain analysis
- FIG 9.Global Motor Control Center Market by segment, 2020 & 2030 (USD Billion)
- FIG 10.Global Motor Control Center Market by segment, 2020 & 2030 (USD Billion)
- FIG 11.Global Motor Control Center Market by segment, 2020 & 2030 (USD Billion)
- FIG 12.Global Motor Control Center Market by segment, 2020 & 2030 (USD Billion)
- FIG 13.Global Motor Control Center Market by segment, 2020 & 2030 (USD Billion)
- FIG 14.Global Motor Control Center Market, regional snapshot 2020 & 2030
- FIG 15.North America Motor Control Center Market 2020 & 2030 (USD Billion)
- FIG 16.Europe Motor Control Center Market 2020 & 2030 (USD Billion)
- FIG 17.Asia Pacific Motor Control Center Market 2020 & 2030 (USD Billion)
- FIG 18.Latin America Motor Control Center Market 2020 & 2030 (USD Billion)
- FIG 19.Middle East & Africa Motor Control Center Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.