Motor Control Centers Market by Type (Intelligent and Conventional), Voltage (Low and Medium), End-User (Industrial and Commercial), Standard (IEC and NEMA), Component, and Region - Global Forecast to 2022

The motor control centers market is projected to grow at a CAGR of 5.47%, from 2017 to 2022
The motor control centers market is projected to reach USD 6.22 billion by 2022, at a CAGR of 5.47%, from 2017 to 2022. The growing demand for industrial automation in developed regions, increased use of electric motors in key industries, and increased industrial plant uptime has boosted the demand for motor control centers. In addition, the booming power sector and augmented power generation capacities globally would further aid the growth of this market. The stagnancy in the oil & gas industry and the decrease in mining activities in Asia-Pacific, Latin America, and Africa would act as a restraint for the motor control centers market.
The low voltage segment is expected to dominate the motor control centers market from 2017 to 2022
The low voltage motor control centers market is the largest market of the voltage segment due to the widespread installation of low voltage motors across the globe. Motor control centers are extensively used by industries to control the speed, frequency, voltage, and torque, of motors, among other functions. Moreover, this segment is expected to grow at the highest CAGR from 2017 to 2022. Low voltage motor control centers are mainly used in industries such as chemicals and petrochemicals, paper and pulp, cement, and food and beverage. The low voltage motor control centers segment is expected to grow significantly during the forecast period.
The intelligent motor control centers segment is expected to grow at the highest CAGR from 2017 to 2022
The intelligent motor control centers segment is estimated to be the fastest growing motor control centers market, by type, from 2017 to 2022. This growth is attributed to the increasing levels of industrial automation in regions such as Asia-Pacific and the Middle East & Africa. Although the initial costs of intelligent motor control centers are high, they provide advantages such as reduced installation time. The other benefits of intelligent motor control centers include increased reliability, lesser wiring, reduced maintenance time, greater speed and precision in defect identification, remote monitoring and control, and greater compactness compared to conventional motor control centers. All these factors are expected to drive the motor control centers market during the forecast period.
Asia-Pacific: The largest market for motor control centers
The market in Asia-Pacific is currently the largest for motor control centers, followed by the North American and European markets. The market in Asia-Pacific is driven by rapid industrialization, increasing electricity demand, and power generation capacity additions in the region. It is projected to grow at the fastest rate, with the Chinese market dominating the regional market. With rising industrial automation and demand for power infrastructure, the need for high-efficiency motors has increased considerably. The increasing demand for motors is leading to the growing demand for motor control centers as well. Apart from the Chinese and Indian markets, the motor control centers markets in countries such as Japan, Malaysia, Australia, and South Korea are also growing at healthy rates.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 50%, Tier 2- 33%, Tier 3- 17%
By Designation: C-Level- 17%, D-Level- 33%, Others- 50%
By Region: Asia-Pacific- 50%, Europe- 17%, North America- 16%, Rest of the World- 17%
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 10 billion, Tier 2 = from USD 1 billion to USD 10 billion, and Tier 3 = 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.).

Research Coverage:
The report defines, describes, and forecasts the global motor control centers market by type, voltage, component, standard, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.

Why Buy this Report?
1. The report identifies and addresses key markets for motor control centers, which would help suppliers review the growth in the demand for the product.
2. The report helps solutions providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 18
1.3.1 MARKETS COVERED 18
1.3.2 REGIONAL SCOPE 19
1.3.3 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY 20
1.5 LIMITATIONS 20
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.1.1 Key data from secondary sources 22
2.1.2 PRIMARY DATA 23
2.1.2.1 Key data from primary sources 23
2.1.2.2 Key industry insights 24
2.1.2.3 Breakdown of primaries 24
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 25
2.2.2 TOP-DOWN APPROACH 26
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 27
2.4 RESEARCH ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 34
4.1 MOTOR CONTROL CENTERS MARKET, BY REGION 35
4.2 MOTOR CONTROL CENTERS MARKET, BY TYPE 35
4.3 MOTOR CONTROL CENTERS MARKET, BY VOLTAGE 36
4.4 MOTOR CONTROL CENTERS MARKET, BY COMPONENT 36
4.5 MOTOR CONTROL CENTERS MARKET, BY END-USER 37
4.6 MOTOR CONTROL CENTERS MARKET, BY STANDARD 37
4.7 ASIA-PACIFIC MOTOR CONTROL CENTERS MARKET 38
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5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40
5.2 MARKET DYNAMICS 40
5.2.1 DRIVERS 41
5.2.1.1 Growing demand for industrial automation in developed regions 41
5.2.1.2 Regulations promoting energy savings across major industries 42
5.2.1.3 Increased use of electric motors in key industries 42
5.2.1.4 Increased industrial plant uptime 42
5.2.1.5 Booming power sector & augmented power generation capacities globally 43
5.2.2 RESTRAINTS 43
5.2.2.1 Stagnant growth in the oil & gas industry 43
5.2.2.2 Decrease in mining activities in Asia-Pacific, Latin America, & Africa 44
5.2.3 OPPORTUNITIES 45
5.2.3.1 Increasing urbanization and industrialization 45
5.2.3.2 Rising demand for smart and integrated motor control & protection devices 45
5.2.3.3 Upgradation of industrial infrastructure in developed countries 46
5.2.4 CHALLENGES 46
5.2.4.1 High level of complexity involved in the maintenance of motor control centers 46
5.3 STANDARDS 46
5.3.1 NEMA STANDARD CLASSIFICATION FOR MOTOR CONTROL CENTERS 46
5.3.1.1 NEMA class I 46
5.3.1.2 NEMA class II 47
5.3.1.3 NEMA class IS 47
5.3.1.4 NEMA class IIS 47
5.3.2 INTERNATIONAL ELECTROTECHNICAL COMMISSION (IEC) STANDARDS FOR MOTOR CONTROL CENTERS 47
5.3.3 INSTITUTE OF ELECTRICAL AND ELECTRONIC ENGINEERS (IEEE) STANDARDS FOR MOTOR CONTROL CENTERS 47
5.3.4 OTHERS 48
5.4 SUPPLY CHAIN ANALYSIS 48
5.4.1 RAW MATERIAL/COMPONENT SUPPLIERS 48
5.4.2 MANUFACTURERS & ASSEMBLERS 49
5.4.3 DISTRIBUTORS 49
5.4.4 END-USERS 49
6 MOTOR CONTROL CENTERS MARKET, BY VOLTAGE 50
6.1 INTRODUCTION 51
6.2 LOW VOLTAGE 52
6.3 MEDIUM VOLTAGE 53
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7 MOTOR CONTROL CENTERS MARKET, BY TYPE 55
7.1 INTRODUCTION 56
7.2 CONVENTIONAL MOTOR CONTROL CENTERS 57
7.3 INTELLIGENT MOTOR CONTROL CENTERS 58
8 MOTOR CONTROL CENTERS MARKET, BY COMPONENT 59
8.1 INTRODUCTION 60
8.2 BUSBARS 61
8.3 CIRCUIT BREAKERS & FUSES 62
8.4 OVERLOAD RELAYS 63
8.5 VARIABLE SPEED DRIVES 64
8.6 SOFT STARTERS 65
8.7 OTHERS 65
9 MOTOR CONTROL CENTERS MARKET, BY STANDARD 67
9.1 INTRODUCTION 68
9.2 MOTOR CONTROL CENTERS STANDARDS 68
10 MOTOR CONTROL CENTERS MARKET, BY END-USER 70
10.1 INTRODUCTION 71
10.2 INDUSTRIAL 72
10.2.1 OIL & GAS 73
10.2.2 MINING & METALS 75
10.2.3 UTILITIES 76
10.2.4 CHEMICALS & PETROCHEMICALS 76
10.2.5 CEMENT & MANUFACUTRING 77
10.2.6 FOOD & BEVERAGE 78
10.2.7 OTHERS 78
10.3 COMMERCIAL 79
11 MOTOR CONTROL CENTERS MARKET, BY REGION 80
11.1 INTRODUCTION 81
11.2 ASIA-PACIFIC 83
11.2.1 CHINA 86
11.2.2 INDIA 87
11.2.3 JAPAN 89
11.2.4 AUSTRALIA 89
11.2.5 THE REST OF ASIA-PACIFIC 90
11.3 NORTH AMERICA 91
11.3.1 THE U.S. 94
11.3.2 CANADA 95
11.3.3 THE REST OF NORTH AMERICA 96
11.4 EUROPE 97
11.4.1 GERMANY 100
11.4.2 FRANCE 101
11.4.3 ITALY 102
11.4.4 THE U.K. 103
11.4.5 SPAIN 104
11.4.6 THE REST OF EUROPE 104
11.5 SOUTH AMERICA 105
11.5.1 BRAZIL 108
11.5.2 ARGENTINA 109
11.5.3 VENEZUELA 110
11.5.4 THE REST OF SOUTH AMERICA 111
11.6 MIDDLE EAST & AFRICA 111
11.6.1 SAUDI ARABIA 115
11.6.2 THE U.A.E. 116
11.6.3 ALGERIA 117
11.6.4 KUWAIT 117
11.6.5 SOUTH AFRICA 118
11.6.6 THE REST OF THE MIDDLE EAST & AFRICA 119
12 COMPETITIVE LANDSCAPE 120
12.1 OVERVIEW 120
12.2 MARKET RANKING, 2016 121
12.3 COMPETITIVE LEADERSHIP MAPPING, 2017 122
12.3.1 VISIONARY LEADERS 122
12.3.2 INNOVATORS 122
12.3.3 DYNAMIC DIFFERENTIATORS 123
12.3.4 EMERGING COMPANIES 123
13 COMPANY PROFILES 126
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
13.1 ABB, LTD. 126
13.2 EATON CORPORATION, PLC 130
13.3 SIEMENS AG 134
13.4 GENERAL ELECTRIC COMPANY 137
13.5 SCHNEIDER ELECTRIC SE 141
13.6 ROCKWELL AUTOMATION, INC. 145
13.7 VIDHYUT CONTROL INDIA PVT., LTD. 149
13.8 MITSUBISHI ELECTRIC CORPORATION 151
13.9 GEMCO CONTROLS, LTD. 154
13.10 TECHNICAL CONTROL SYSTEMS, LTD. 156
13.11 HYOSUNG 159
13.12 WEG SA 162
13.13 LSIS CO., LTD. 166
13.14 LARSEN & TOUBRO LIMITED 168
13.15 FUJI ELECTRIC CO., LTD. 171
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.
14 APPENDIX 174
14.1 INSIGHTS OF INDUSTRY EXPERTS 174
14.2 DISCUSSION GUIDE 175
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 178
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 180
14.5 AVAILABLE CUSTOMIZATIONS 181
14.6 RELATED REPORTS 181
14.7 AUTHOR DETAILS 182