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Motor Control Centers (MCC) Market To Witness Growth Owing To Rising Applications In Automobile, Oil & Gas, Cement Manufacturing And Textile Industries Till 2023 | Million Insights

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Motor Control Centers (MCC) Market To Witness Growth Owing To Rising Applications In Automobile, Oil & Gas, Cement Manufacturing And Textile Industries Till 2023 | Million Insights

June 29
11:36 2019
Motor Control Centers (MCC) Market To Witness Growth Owing To Rising Applications In Automobile, Oil & Gas, Cement Manufacturing And Textile Industries Till 2023 | Million Insights

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According to new report available with Million Insights, Increasing number of application of motor control centers (MCC) in automobile industry, oil & gas industry, cement manufacturing sector and textile industry, is expected to drive the growth of motor control centers (MCC) market over the forecast period. Growing importance towards predictive maintenance of motor is expected to drive the growth of wireless motor monitoring system market over the forecast period.

The global motor control centers (MCC) market is expected to display higher growth rate in the upcoming period. Rapid surge in the market is credited to the increasing adoption of low voltage motors in various end-use industries. Motor control centers (MCC) are currently employed in different industries such as chemicals & petrochemicals, paper & pulp, cement, and food and beverage. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of motor control centers (MCC).

Increasing number of applications of motor control centers (MCC) in automobile industry, oil & gas industry, cement manufacturing sector and textile industry, is expected to drive the growth of motor control centers (MCC) market over the forecast period. Growing importance towards predictive maintenance of motor is expected to drive the growth of wireless motor monitoring system market over the forecast period. Maintenance & monitoring of industrial low-voltage motor is considered as a high priority task owing to its widespread applications.

Full Research Report On Global Motor Control Centers (MCC) Market Analysis available at: https://www.millioninsights.com/industry-reports/motor-control-centers-mcc-market

Increasing adoption of high-performing low-voltage motors in variable industrial application is expected to favor the market growth over the forecast period. A motor control center (MCC) helps to monitor several motors from remote or a central locations. A motor control center (MCC) contains several enclosed sections that has a common power bus. Each section has its own combination starter combined with motor starter, fuses or circuit breaker and power disconnect. The motor control centers uses push buttons, indicator lights, variable-frequency drives, programmable logic controllers and metering equipment for easy operations.

The motor control centers market is broadly categorized into two major segments based on the product type such as intelligent motor control centers and conventional motor control centers. Intelligent motor control centers segment is growing rapidly in the market with substantial revenue generation in the last few years.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in industrial automation sector, surge in number of research & development activities and existence of well-established manufacturing infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the motor control centers industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising awareness level among small and medium-sized businesses, growing number of manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the motor control centers (MCC) market are ABB, Ltd., Schneider Electric SE, Siemens AG, Eaton Corp., Rockwell Automation, Inc., and General Electric Company.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Motor Control Centers (MCC) in these regions, from 2012 to 2023 (forecast), covering

• North America (United States, Canada and Mexico)

• Europe (Germany, France, UK, Russia and Italy)

• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

• South America (Brazil, Argentina, Columbia)

• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Motor Control Centers (MCC) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• ABB

• Eaton Corporation

• Schneider Electric

• Siemens

• General Electric

• Rockwel Automation

• Tesco Controls

• Atmel Corporation

• WEG SA

• Vidhyut Control India

• Mitsubishi Electric

• Fuji Electric

• Gemco Controls

• SUN-Tech Engineers

• Rolla

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• Low Voltage Motor Control Centers

• Medium Voltage Motor Control Centers

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Motor Control Centers (MCC) for each application, including

• Industrial

• Commercial

• Other

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/industrial-automation

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