LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global medium voltage motor control center (MCC) market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio market research analysts, the global medium voltage motor control center market will grow at a CAGR of around 6% during the forecast period. The advanced features in intelligent medium voltage MCCs are a major factor driving the market’s growth.
The advances in motor protective devices such as VFD’s fault diagnostics aid in predictive maintenance, which ensures proper functioning of motors. The use of medium voltage MCC provides workers with protection from the rear, front, and sides of the MCC enclosure, even with the control doors open. Intelligent MCCs come with additional benefits such as real-time monitoring from any place in the facility. They permit predictive maintenance, process supervising, and advanced diagnostics. A built-in network assists the intelligent MCCs. The network streamlines the design of the MCCs, making the installation procedure convenient. Intelligent medium voltage MCCs are designed to cope with any dirty and dusty environment, and they do not get affected by environmental changes.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the advances in protective devices in MCC as one of the key emerging trends in the global medium voltage motor control center market:
Advances in protective devices in MCC
The technological advances in protective devices such as variable frequency drives, circuit breakers, and relays have enhanced the performance of the overall medium voltage MCCs. Regenerative energy drives are compact drives with low harmonic drives, which can help in providing the lost energy back to a building's power grids. Motors usually generate energy that is usually not tapped, resulting in the wastage of energy. Regenerative energy drives assist in increasing power efficiently and effectively in plants.
“The solid-state relays are used at places wherein circuits need to be protected from electrical interferences. Using solid-state relays provide benefits such as circuits having long operational life, low electromagnetic interference or radio-frequency interference, no contact bounce, fast response, and no moving parts. Solid-state relays are used to interrupt the flow of electricity in a manner, which is synchronous to the passing sinusoidal AC current waveforms,” says a senior analyst at Technavio for research on automation.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global medium voltage motor control center market segmentation
This market research report segments the global medium voltage motor control center market into the following end-users (oil and gas industry, metal and mining industry, utilities industry, and chemicals and petrochemicals industry) and key regions (the Americas, APAC, and EMEA).
The oil and gas industry held the largest market share in 2017, accounting for more than 32% of the market. The market share of this segment is expected to increase by nearly 1% during the forecast period.
The Americas was the leading region for the global medium voltage motor control center market in 2017, accounting for a market share of more than 36%. The Americas will continue to be the leading contributor to the market during the forecast period. The resurgence of offshore oil and gas activities in Mexico and Brazil and increase in power generation capacity in the Americas will be the significant market growth drivers.
|Technavio’s best deals of the month!|
Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month.
Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.