Intelligent Motor Control Centers (iMCC) Market to Reach 4.5 Billion USD by 2020 - IndustryARC Analysis

USA - English

• India - English

HYDERABAD, India and MINNEAPOLIS, February 15, 2016 /PRNewswire/ --

According to the report "Intelligent Motor Control Centers (iMCC) Market Analysis: by Type (Low Voltage, Medium Voltage); by Construction Standard product (NEMA, IEC); by End user industry (Oil & Gas, Mining, Food & Beverage, Power Generation) - With Forecast (2015 - 2020)", published by IndustryARC, the intelligent motor control centers market is estimated to reach $4.5 Billion by 2020 at a high CAGR.

     (Logo: http://photos.prnewswire.com/prnh/20141106/712194 )

Increased Energy Efficiencies and Reduced Labor Costs to Drive the Intelligent Motor Control Centers (iMCC) Market to $4.5 Billion in Sales Revenue by 2020

Browse 165 Market Tables, 105 Figures spread through 310 Pages and an in-depth TOC on "Intelligent Motor Control Centers Market". 

http://industryarc.com/Report/10636/intelligent-motor-control-centers.html

Intelligent Motor Control Systems (iMCCs) combine advanced system-wide communication capabilities of integrated architecture with intelligent motor control devices that help to design single solution which helps to control, communicate and protect assets. The design of an iMCC has full segregated power and control cable compartment for independent access. The withdrawable units of an iMCC are equipped with the smart sensor technology for measuring current, voltage and contact temperature.

Inquire before buying @ http://www.industryarc.com/inquiry-before-buying.php?id=10636

The intelligent motor control center helps the end-user industries to design a strategic asset management strategy especially with the motor related issues. In many industries, around 60% of maintenance repair and operations (MRO) inventory are classified as excessive or inactive. The costs, especially with motor related assets, can uncover savings which further improve the return on assets and equipment effectiveness. Emphasis by end-user industries on networked motor control systems helps them to meet both product quality and product development goals. The network based motor control centers provide motor diagnostics and motor related information which enables the users to do predictive maintenance and avoid costly damages which in turn could reduce the costs associated with the equipment downtime. This diagnostic information helps the manufacturers to achieve higher product quality and product development goals.

According to the research, the global Intelligent Motor Control Centers Market value was nearly equal to $2.45 Billion in 2014, wherein the Low Voltage iMCCs accounted for more than 77% market share. This segment can be further segmented based on the type of protection, namely: Arc-flash and Non-Flash iMCCs and also by their construction standards such as NEMA and IEC. The Low Voltage iMCCs segment is estimated to exhibit healthy growth in the period of 2015-2020 and is seen as a potential high growth segment.

Request a Sample Brochure @ http://www.industryarc.com/pdfdownload.php?id=10636

In end-user industries, the oil & gas sector is the dominant segment followed by mining & metals sector. In these industries, the adoption of automation and control systems is on the rise and is creating new market opportunities for the iMCCs. Increasing industrialization and user demand globally is aiding the market growth at a holistic level.

Based on the construction standards that the iMCC manufacturers adhere, the products can be broadly segmented into IEC (International Electro-technical Commission) and NEMA (National Electrical Manufactures Association) standards which are dispersed across geographical regions. The NEMA design standards are majorly followed in the North American and some parts of the Middle Eastern market; whereas, the IEC standard construction types are mainly followed in Europe and the APAC market. The IEC standard based iMCCs market is dominated by panel builders who design the panel solutions and integrate the intelligent components into their systems and supply to the end-user. The NEMA Market is a complete integrated iMCC solution market dominated by the major players such as Eaton Corporation, Rockwell Automation and Schneider Electric.

The Americas region, comprising of the North American countries such as the U.S., Canada and Mexico and the other South American countries, are the largest market for Intelligent Motor Centers market globally. The APAC region is the second largest market for Intelligent MCCs. The region's contribution to the market for the year 2014 was around 25%. The market growth for Intelligent MCCs in the APAC is forecast to be the fastest mainly due to the growing industrial automation adaption in China and India. The rising oil and gas, mining and automotive industry in China and the recovering mining sector in Australia are the key drivers for this market growth.

The Intelligent Motor Control Center Market has been analyzed by the following End User Verticals in the report:  

• Oil & Gas
• Mining & Metals
• Chemical
• Power Generation
• Water & Waste Water
• Food & Beverage
• Others

Following Key Players have been uncovered as part of the Market Landscape Analysis: 

• Eaton Corporation
• Siemens AG
• Schneider Electric
• Rockwell Automation
• General Electric
• ABB Group
• COMECA Group

In 2014, the most preferred strategy adopted by the major players was product development. These products were launched to increase the supplier's penetration across various industries. The number of product developments from the year 2013 to 2015 (till date) amounted to 48. Due to the increasing competition and varied demand from end-user industries, the iMCCs manufacturers have to continuously develop their products which can provide the desired data reliability and also the desired parameter information to the customer.

Segmentation Based on Geography 

Americas 

• U.S., Canada, Mexico, Brazil & Others 

Europe 

• Germany France, UK, Italy & Others 

APAC 

• China, India, Japan, South Korea & Others 

Rest of the World 

• Russia, Middle East & Africa 

Related Reports: 

Industrial Motors Market Analysis - By Product (IE1, IE2, IE3, IE4); By Voltage Range; By Rotor (Asynchronous, Synchronous, DC); By End Use (Oil & Gas, Mining, Power Generation, Chemical) With Forecast (2015 - 2020) http://industryarc.com/Report/7383/industrial-motors-market-report.html

Factory Automation Market: By Mechanical Components (Shafts, Screws, Nuts, Clamps, Sensors, Gears, Motors, Pipes, Nozzles, Others) By Application (Automotive, Chemical, Oil & Gas, Pharmaceutical, Packaging, Food & Beverage) Forecast (2015-2020)

http://industryarc.com/Report/196/factory-automation-mechanical-products-market-analysis.html

About IndustryARC 

IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media Contact
Mr. Sanjay Matthews
Sales Manager
Email: [email protected]
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc
Browse Market Research Reports - http://industryarc.com/Domain/10/industrial-automation-instrumentation-market-research.html

SOURCE IndustryARC