The global motor control centers market is projected to grow at a CAGR of 5.47%, from 2017 to 2022, to reach a market size of USD 6.22 Billion by 2022. This growth is attributed to increasing industrial automation in developed regions and increasing power generation capacity additions globally. The increased use of electric motors in key industries and increased industrial plant uptime is expected to boost the demand for motor control centers.
The leading players in the motor control centers market include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), and General Electric Company (U.S.). New product developments was the most commonly adopted strategy by top players in the market from 2013 to 2017. It was followed by contracts & agreements, expansions, and mergers & acquisitions.
Get Sample Copy of Report Here: https://www.marketsandmarkets.com/requestsample.asp?id=227058918
The low voltage segment is expected to hold the largest share of the motor control centers market, by voltage, during the forecast period
The low voltage segment includes motor control centers of up to 1 kV. The segment is expected to hold the major share due to the widespread adoption of low voltage motors in various industries globally. Low voltage motor control centers are mainly used in the chemicals and petrochemicals, paper and pulp, cement, food and beverage, automobile, oil and gas, cement, and textile industries. The market in Asia-Pacific is the largest for low voltage motor control centers because of rapid industrialization and urbanization in countries such as China and India. All these factors are expected to boost the low voltage motor control centers market.
Objectives of the Study
• To define, describe, and forecast the global motor control centers market on the basis of type, voltage, component, standard, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of the motor control centers market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the motor control centers market with respect to individual growth trends, future prospects, and contributions of each segment to the market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes market players on various parameters within the broad categories of business and product strategies
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the motor control centers market.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=227058918
The report segments the motor control centers market, by end-user, into industrial and commercial. The industrial segment includes the oil & gas, water and wastewater, power generation, mining, and others subsegments, the last of which includes the cement, chemicals and petrochemicals, and paper and pulp industries. The oil & gas segment accounted for the largest market share in 2016 as motor control centers are extensively used for drilling and various others production processes in the oil & gas sector. The utilities segment is expected to grow at the highest CAGR, from 2017 to 2022, due to the increasing demand for electricity across the world.
Browse Full Report@ https://www.marketsandmarkets.com/Market-Reports/motor-control-centers-market-227058918.html
The report’s target audience includes:
• Motor control centers manufacturers, distributors, and suppliers
• State and national regulatory authorities
• Consulting companies in the energy and power sector
• Institutional investors and shareholders
• Environmental research institutes
• Process industries and power and energy associations
• Government and research organizations
• Petroleum companies
• Energy efficiency consultancies
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]