DUBLIN--(BUSINESS WIRE)--The "Global
Intelligent Motor Control Center Market - Segmented by Voltage,
End-User, and Region - Growth, Trends and Forecast (2018 - 2023)"
report has been added to ResearchAndMarkets.com's
The global intelligent motor control center market was valued at USD 3.98 billion in 2017, and is expected to reach USD 5.57 billion by 2023, registering a CAGR of 5.76% during the forecast period of 2018-2023.
The intelligent MCCs substantially simplify wiring, troubleshooting, rearranging units, and adding sections and units. They also provide new information that can be used to minimize downtime, facilitate monitoring of MCCs and related equipment, and decreases repair time. Intelligent MCC software allows access of user's specific data files and building the corresponding screens. Three-quarters of motor failures are expected to be prevented when intelligent MCCs are used as they provide insights that can help catch motor problems.
The oil and gas industry has the highest number of intelligent Motor Control Centers (iMCC), owing to the continuous operation nature of the plants. Adoption of iMCC technologies has led to the cost savings in this industry. IMCCs can help in the precise control of the amount of torque to be used for the motor irrespective of human involvement owing to the presence of load, torque, and current monitoring systems. Many companies have been implementing SCADA technologies for the integration of plant production logistics.
- Rockwell Automation Inc.
- Eaton Corporation
- Schneider Electric SE
- Emersion Electric Company
- Siemens AG
- Larson & Turbo Limited
- General Electric Industrial Solutions
- Technical Control Systems Limited
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Technology Snapshot
6. Global Intelligent Motor Control Center Market Segmentation
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Outlook of Intelligent Motor Control Center Market
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