Global motor control centers market to grow at a CAGR of 5.78 % during the period 2018-2022.
According to the report, one of the major drivers for this market is the increasing adoption of iMCCs. The end-user industries worldwide are increasingly opting for iMCCs. The iMCCs are anticipated to replace traditional MCCs during the forecast period, owing to the following benefits: Optimized cabling approach is used, wherein the outdated inter-wiring is swapped with a single open device-level network cable.
The latest trend gaining momentum in the market is the rising technological developments in MCCs. With the growing adoption of industrial automation in various end-user industries, MCCs are witnessing a series of technological developments to cater to the changing needs of end-user industries. Top vendors of MCCs are continuously focusing on bringing functional transformation in their products and delivering commercial excellence. In the coming years, iMCCs are likely to replace conventional MCCs because of the numerous advantages they provide over conventional MCCs.
Further, the report states that one of the major factors hindering the growth of this market is the high complexity involved in the maintenance of MCCs. Various components, such as breakers, contractors, and control for power transmission, are used by MCCs to start and stop the motors. In addition, MCCs control the forward and reverse rotations; regulation and limitation of torque; regulation of speed; and safeguarding against overloading or unbalanced voltages. A single MCC controls about 25-40 motors, and plays a vital role in the performance of several functions of those motors, due to which an MCC undergoes a lot of stress and is prone to wear and tear.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- General Electric
- Rockwell Automation
- Schneider Electric
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by Application
Part 09: Market Segmentation by Product
Part 10: Customer Landscape
Part 11: Market Segmentation by End-User
Part 12: Regional Landscape
Part 13: Decision Framework
Part 14: Drivers and Challenges
Part 15: Market Trends
Part 16: Vendor Landscape
Part 17: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/wwh4p3/global_motor?w=4