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Global Intelligent Motor Control Center Market – Industry Trends and Forecast to 2029

Semiconductors and Electronics

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Global Intelligent Motor Control Center Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Intelligent Motor Control Center Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 5.06 USD Billion
Diagram Market Size (Forecast Year) USD 10.76 USD Billion
Diagram CAGR %

Major Markets Players

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Global Intelligent Motor Control Center Market, By Type (Conventional and Intelligent), Voltage Type (Low Voltage Intelligent MCCs, and Medium Voltage Intelligent MCCs), Component (Busbars, Circuit Breakers and Fuses, Overload Relays, Variable Speed Drives, Soft Starters, and Others), End User (Automotive, Chemicals/Petrochemicals, Food and Beverage, Mining and Metals, Pulp and Paper, Power Generation, Cement Manufacturing, and Wastewater Management) – Industry Trends and Forecast to 2029.

Intelligent Motor Control Center Market

Market Analysis and Size

In the recent years, various industries have taken interest in the intelligent motor control centers due to the growing network communication challenges along with technological advancements. Next-generation, intelligent motor control centers (IMCCs) are being widely deployed to cater these demands among enterprises.

Global Intelligent Motor Control Center Market was valued at USD 5.06 billion in 2021 and is expected to reach USD 10.76 billion by 2029, registering a CAGR of 9.90% during the forecast period of 2022-2029. Automotive account for the largest application segment in the respective market owing to high usage in the manufacturing plants of automotive. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Intelligent Motor Control Systems (MCCs) are a combination of integrated architecture's novel communication capabilities and intelligent motor regulate devices that enable to develop a single solution that helps to control, protect, and communicate. This primarily aids in the cost reduction of integrating control, information technology, and visualization.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014- 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Offering (Products, Security Systems Integration, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services, and Access Control Services), End User (Commercial, Residential, Government, Transportation, Retail, Banking and Finance, Education, Industrial, Energy and Utility, Sports and Leisure, Healthcare, and Military and Defense)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

Market Players Covered

ABB (Sweden), Rockwell Automation, Inc. (US), Schneider Electric (France), Eaton Corporation (Ireland), Siemens AG (Germany), Fuji Electric Co., Ltd. (Japan), WEG (Brazil), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), ASMO CO., LTD (Japan), AMETEK, Inc. (US), Allied Motion Technologies (US), Arc System Works (Japan), NIDEC CORPORATION (Japan), Danaher (US), Franklin Electric (US), and maxon motor ag (Switzerland ), among others

Market Opportunities

  • Rising demand for industrial automation in developed nations.
  • Increased use of electric motors in major industries.
  • A burgeoning power industry.
  • Increased worldwide power generation capacity.

Intelligent Motor Control Center Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Rise in the demand for automation in the advanced countries

Manufacturing facilities now feature significant levels of automation because to technological advancements. All manufacturing operations compete to meet efficiency and safety regulations, maximize productivity, and keep product prices competitive. This is likely to increase market demand for intelligent motor control center.

  • Increasing adoption of intelligent motor control centers

The increased usage of intelligent motor control centers that offer diagnostic capabilities, loss detection, and predictive maintenance features is driving the intelligent motor control center market. Also, surge in government regulations promoting energy savings across industries has a positive impact on the market.

  • Expansion of the manufacturing sector

The expansion of the manufacturing sector in emerging economies is projected to continue to be a major driver of market growth for intelligent motor control centers. Various industries aiming at high reliability and reducing plant downtime assist in the expansion of the market.

Opportunities

Furthermore, growing demand for smart and integrated motor control and protection devices extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Replacement of old and aging infrastructure will further escalate the market growth.

Restraints/Challenges

On the other hand, decline in crude oil prices is expected to obstruct market growth. Also, substantial initial investments and higher cost compared to its counterparts is projected to challenge the intelligent motor control center market in the forecast period of 2022-2029.

  This intelligent motor control center market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intelligent motor control center market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Intelligent Motor Control Center Market

The COVID-19 has impacted intelligent motor control center market. In the short term, the intelligent motor control center industry was impacted by the shutdown of non-essential manufacturing and commercial sectors. Motor control centers used by industrial and commercial end-users absorbed the brunt of the damage during the COVID-19 period. However, in the post-COVID scenario, intelligent motor control center market is projected to regain its pace owing to the increased demand for automation in developed nations.

Recent Developments

  • In June 2019, Schneider Electric introduced motor control centers with an arc flash isolation design that helps to prevent arc flash by extinguishing, generating, and controlling arc energy.

Global Intelligent Motor Control Center Market Scope and Market Size

The intelligent motor control center market is segmented on the basis of type, voltage type, component and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Conventional
  • Intelligent

Voltage Type

  • Low Voltage Intelligent MCCs
  • Medium Voltage Intelligent MCCs

Component

End User

  • Automotive
  • Chemicals/Petrochemicals
  • Food and Beverage
  • Mining and Metals
  • Pulp and Paper
  • Power Generation
  • Cement Manufacturing
  • Wastewater Management

Intelligent Motor Control Center Market Regional Analysis/Insights

The intelligent motor control center market is analysed and market size insights and trends are provided by country, type, voltage type, component and end user as referenced above.

The countries covered in the intelligent motor control center market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

North America dominates the intelligent motor control center market because of the rise in the adoption of automation control systems in the manufacturing sectors and the growing efficacy expenditure in the advanced markets within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of growing demand for motor control centers and the increasing urban population and industrialization in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Intelligent Motor Control Center Market Share Analysis

The intelligent motor control center market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to intelligent motor control center market.

Some of the major players operating in the intelligent motor control center market are

  • ABB (Sweden)
  • Rockwell Automation, Inc. (US)
  • Schneider Electric (France)
  • Eaton Corporation (Ireland)
  • Siemens AG (Germany)
  • Fuji Electric Co., Ltd. (Japan)
  • WEG (Brazil)
  • Mitsubishi Electric Corporation (Japan)
  • OMRON Corporation (Japan)
  • ASMO CO., LTD (Japan)
  • AMETEK, Inc. (US)
  • Allied Motion Technologies (US)
  • Arc System Works (Japan)
  • NIDEC CORPORATION (Japan)
  • Danaher (US)
  • Franklin Electric (US)
  • maxon motor ag (Switzerland)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

Global Intelligent Motor Control Center Market is expected USD 10.76 billion by 2029.
The Intelligent Motor Control Center Market is to grow at a CAGR of 9.90% during the forecast by 2029.
The major players operating in the Intelligent Motor Control Center Market are ABB (Sweden), Rockwell Automation, Inc. (US), Schneider Electric (France), Eaton Corporation (Ireland), Siemens AG (Germany), Fuji Electric Co., Ltd. (Japan), WEG (Brazil), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), ASMO CO., LTD (Japan), AMETEK, Inc. (US), Allied Motion Technologies (US), Arc System Works (Japan), NIDEC CORPORATION (Japan), Danaher (US), Franklin Electric (US), and maxon motor ag (Switzerland ), among others.
The major countries covered in the Intelligent Motor Control Center Market are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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