Global Motor Control Centre Market Report and Forecast 2024-2032

Global Motor Control Centre Market Outlook

The global motor control centre market size reached an approximate value of USD 5.49 billion in 2023. The industry is expected to grow at a CAGR of around 5.40% between 2024 and 2032. The market growth is likely to be driven by the increasing demand for automation and energy efficiency in different industries.

Global Motor Control Centre Market Trends

Motor control centres refer to an assembly of combination starters that are used in a manufacturing or processing plant. It comprises enclosed panels that are used to control, feed, and protect circuits. These centres can have variable frequency drives and programmable controllers that can enable automation. These controllers can also be the starting point from where electricity is allowed into the facility.

• Rising technological advancements to enable automation has been a major focus of the market players. The increasing focus by industries to streamline their operations can lead to the development of the market.

• Developing economies around the world are increasingly implementing automation in manufacturing facilities. With the rising demand for energy efficiency, enhanced productivity, and meet higher safety standards, various industries have started automating their operations through motor control centres, which is further enhancing the market value.

• The development of motor control centres is driven by the increasing demand for a cost-effective solution, reduction in downtime and equipment damage. With key players focusing on continuous development and the introduction of upgraded products, the market is expected to expand at a rapid rate.

Global Motor Control Centre Market Analysis

Based on type, the market can be segmented into conventional motors and smart motors. Based on the voltage, it can be bifurcated into low voltage and medium voltage. Based on components, the market bifurcations include overload relays, circuit breakers and fuses, soft starters, busbars, and variable speed drives, among others.

Based on end-use, the market can be divided into oil and gas, iron and steel, minerals and mining, food and beverage, and automotive, among others. The regional markets for the motor control Centre market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global motor control Centre market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Siemens AG

• ABB Ltd

• Mitsubishi Electric Corporation

• Schneider Electric

• Powell Industries

• Rockwell Automation, Inc.

• Eaton Corp.

• Others

Types of Motor Control Centres in the Market

Based on types, the market divisions include conventional motors and smart motors. The smart motor segment is expected to register a high growth rate during the forecast period, owing to increased efficiency and productivity achieved by its utilisation. It is also increasingly being implemented in industries due to the requirement of fewer components when compared to conventional motors.

Different Voltages for Motor Control Centres in the Market

Based on voltage, the market can be segmented into low voltage and medium voltage.

The low voltage segment is expected to account for a significant share of the market, which can be attributed to the wide scope of adoption in various industries such as food and beverages, paper and pulp, metal and mining, among others industries.

The increasing demand for low-voltage control centres from different industries can significantly enhance the market growth during the forecast period.

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Competitive Landscape

Siemens AG is one of the largest industrial manufacturing companies in the world. It is a German-based conglomerate, headquartered in Munich and Berlin, with multiple branch offices in other countries. The company works with technology in the industrial, infrastructure, transport, and healthcare fields. Their products and services include energy, financing, mobility, software, industrial automation, drive technology, and consumer products, among many others.

ABB Ltd is a global pioneering technology leader that operates to improve productivity and aims to create a sustainable future by improving automation and connecting software with electronics and robotics. It is a Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, and it was founded in 1988. The products available in the company include control room solutions, drives, motors and generators, robotics, and industrial software, among others.

Mitsubishi Electric Corporation is one of the largest electronics and electronic equipment manufacturing companies headquartered in Tokyo Japan. The company was established in 1921 and it is one of the core companies of Mitsubishi Group. The company has a wide array of products, and they provide services in various fields, including air conditioning systems, automotive equipment, elevators and escalators, energy systems, transportation systems, and factory automation systems, among many others.

Other market players include Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric, Powell Industries, Rockwell Automation, Inc., and Eaton Corp., among others.

Key Highlights of the Report