Motor Control Centers Market Worth 5.83 Billion USD by 2021

18 Jul, 2016, 08:00 ET from MarketsandMarkets

PUNE, India, July 18, 2016 /PRNewswire/ --

The report "Motor Control Centers Market by Type (Intelligent and Conventional), Voltage (Low and Medium), & End-User (Industrial and Commercial), Component, Standard (IEC and NEMA), and by Region - Trends & Forecasts to 2021" Published by MarketsandMarkets, Motor Control Centers Market is expected to grow from an estimated USD 4.51 Billion in 2016 to USD 5.83 Billion by 2021, at a CAGR of 5.3% from 2016 to 2021. The global market is witnessing significant growth on account of an increase in the demand for industrial automation and up gradation of power infrastructure in developed region. Growing acceptance of motorized automation across various industries has also driven the demand for motor control centers across the globe.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 85 market data Tables and 54 Figures spread through 137 Pages and in-depth TOC on "Motor Control Centers Market - Trends & Forecasts to 2021"

http://www.marketsandmarkets.com/Market-Reports/motor-control-centers-market-227058918.html
Early buyers will receive 10% customization on this report.

Conventional motor control centers is expected to hold the largest market share of the Motor Control Centers Market during forecast period, by type 

The conventional segment led the overall motor control center market in 2015, owing to increasing levels of industrial automation mainly from developing economies such as, China, India, Brazil, Germany, and France. Meanwhile, the intelligent segment is expected to have a high growth rate during the forecast period. This growth is attributed to demand from oil & gas, wastewater, and chemical industries.

Make an Enquiry:  http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=227058918

Industrial segment is expected to account for the largest share of the Motor Control Centers Market, by end-user 

The industrial segment is the largest end-user for motor control centers, due to large-scale application in various industries. The industrial segment has been further sub segmented into oil & gas, chemicals & petrochemicals, mining & metals, cement, utilities, food & beverage, among others. The oil & gas and mining & metals segments are the largest end-users in the industrial segment. However, these segments are expected to have a slow growth rate during the forecast period, owing to oil price slump and a dwindling European economy.

Asia-Pacific: The dominant market for motor control centers 

In this report, the Motor Control Centers Market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to dominate the global Motor Control Centers Market, given rapid industrialization and energy efficiency regulations in the region. Asia-Pacific is closely followed by North America.

To provide an in-depth understanding of the competitive landscape, the report includes profile of some of the leading players in the Motor Control Centers Market. These players are ABB Ltd. (Switzerland), Siemens AG (Germany), Eaton Corporation (Ireland), Schneider Electric (France), Fuji Electric (Japan), Rockwell Corporation (U.S.), General Electric (U.S.), Mitsubishi Electric Corporation (Japan), and WEG SA (Brazil), among others. Dominant players are trying to penetrate developing economies and adopting various strategies to grab the market share.

Browse Related Reports: 

Intelligent Motor Controller Market by Voltage (Low & Medium), by Motor Type, by End User (Oil & Gas, Power & Water, Food, Mining, Chemicals, & Pharmaceutical), by Application (Pump, Fan & Compressor), & by Region - Global Trends & Forecasts to 2021

http://www.marketsandmarkets.com/Market-Reports/intelligent-motor-controller-market-130751591.html

Motor Soft Starter Market by Voltage, by Rated Power, by Application (Pumps, Fans, Compressors & Others), by Industry (Oil & Gas, Water & Wastewater, Power Generation, Mining & Others) and by Region - Global Forecast and Trends to 2020

http://www.marketsandmarkets.com/Market-Reports/motor-soft-starter-market-117691183.html

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets