The global motor control system market is showcasing significant growth due to increasing level of industrial automation. The industrial segment is the largest end-user for motor control centers, due to large-scale application in various industries. The industrial segment has been further sub segmented into oil and gas, chemicals, mining and metals, cement and utilities. The oil and gas and mining and metals segments are the largest end-users in the industrial segment; however, these segments are expected to achieve slow growth during the forecast period, owing to oil price downfall. The oil price slump has resulted in cost cutting by oil and gas companies, which in turn affects the motor control centers market. Decrease in greenfield investments by the oil and gas industry is one of the restraining factors for the motor control centers market, globally.
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A motor control center (MCC) is an enclosed assembly of motor starters or overload protection devices with common power busbar to control several motors. MCC helps in increasing productivity and minimizing the operating costs. Growth in industrial automation and upgradation of the power infrastructure is expected to contribute to the growth of the market. Additionally, motor control centers could efficiently integrate production and business networks with field-equipment. MCC offers enhanced protection in manufacturing units with intelligent monitoring and diagnostic capabilities from motor management relay. Factors such as cost effective motor starter solution, reducing downtime, increasing efficiency and minimal equipment damage is expected to drive the market growth, during the forecast period (2016 – 2022).
Emerging economies such as India, China and Brazil are the major countries that offer greater opportunities for the growth of the global market. The demand for MCCs from developing nations can be attributed to the growth in industries such as food and beverage, pharmaceutical, and pulp and paper. Continuous technological advancements and discoveries in communication and transmission network is expected to drive the global market for MCC. Intelligent MCCs (iMCCs) with remote diagnostic capabilities and advanced features such as loss detection and predictive maintenance are new developments made to meet the industrial requirements. Oil and gas, mining, water and wastewater, and chemicals industries are the major industries for iMCCs, during the forecast period. Decrease in greenfield investments by the oil and gas industry is one of the restraining factors for the motor control centers market, globally. In terms of voltage, medium voltage motor control centers are expected to register higher growth in the global market. The demand for medium voltage motor control centers is higher than that for low voltage motor control centers.
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Some of the key players in the global motor control centers market are ABB Ltd., Siemens AG, Eaton Corporation, Schneider Electric, Fuji Electric, Rockwell Corporation, General Electric, Mitsubishi Electric Corporation and WEG SA.
Global Advanced Materials Market Segmentation
- Low Voltage MCC
- Medium Voltage MCC
- Conventional MCC
- Intelligent MCC
- Overload relays
- Variable speed drives
- Soft starters
By End User
- Oil & Gas
- Chemical & Petrochemicals
- Food & Beverage
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