Intelligent Motor Control Center Market Trends, Demand, Opportunities and Forecast By 2029
An international Intelligent Motor Control Center market analysis report brings into focus the key market dynamics of the sector. A range of definitions and classification of the Semiconductors and Electronics industry, applications of the Semiconductors and Electronics industry and chain structure are given in the report. This market report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. Intelligent Motor Control Center market is supposed to rise during the forecast period due to growing demand at the end user level. The data and insights from Intelligent Motor Control Center marketing report suggest that new highs will take place in the market in 2021-2028
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.
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Market Overview:
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.
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.
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.
Some of the major players operating in the intelligent motor control center market are
l ABB (Sweden)
l Rockwell Automation, Inc. (US)
l Schneider Electric (France)
l Eaton Corporation (Ireland)
l Siemens AG (Germany)
l Fuji Electric Co., Ltd. (Japan)
l WEG (Brazil)
l Mitsubishi Electric Corporation (Japan)
l OMRON Corporation (Japan)
l ASMO CO., LTD (Japan)
l AMETEK, Inc. (US)
l Allied Motion Technologies (US)
l Arc System Works (Japan)
l NIDEC CORPORATION (Japan)
l Danaher (US)
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