DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Motor Control Centers Market - Trends & Forecasts to 2021" report to their offering.
The motor control centers market is projected to reach USD 5.83 billion by 2021, at a CAGR of 5.3% from 2016 to 2021.
Motor control center is a cost-effective solution to prevent downtime and equipment damage. Increased industrial automation and up gradation of power infrastructure are expected to drive the motor control centers market. Motor control centers are employed in almost all major industries including oil & gas, chemicals & petrochemicals, food & beverage, utilities, and metals & mining. Given the growing demand for motor control solution equipment in these industries, the demand for motor control centers is set to increase in the coming years.
Asia-Pacific is currently the largest market for motor control centers, closely followed by North America. Growing industrial automation and growth of various industries, such as, chemicals, power, and oil & gas are driving the demand for motor control centers in the region.
The Asia-Pacific market is primarily driven by countries such as China, Japan, India, and Australia where there is a steep demand for motors. The market in this region is projected to grow at a higher rate, with India and China expected to register the fastest growth within the region.
- ABB Ltd.
- Eaton Corporation
- Fuji Electric Company Ltd
- Gemco Controls Ltd.
- General Electroc
- Mitsubishi Electric Corporations
- Rockwell Automation
- Rolla Ltd
- Schneider Electric Sa
- Siemens AG.
- Sun Tech Engineers
- Technical Controls Systems
- Vidhyut Control India Pvt Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Motor Control Centers, By Component
8 Motor Control Center Market, By End User
9 Motor Control Centers Market, By Type
10 Motor Control Centers Market, By Voltage
11 Motor Control Centers Market, By Standard
12 Motor Control Centers Market, By Region
13 Competitive Landscape
14 Company Profiles
For more information visit http://www.researchandmarkets.com/research/h3l476/motor_control