Intelligent Motor Control Centers Market Size, Share and Forecast 2016 to 2024

Expansion of manufacturing sector in emerging economies such as China, India and Brazil is expected to remain a key driving factor for promoting the market growth of intelligent motor control centers. Growth in power infrastructure of Middle East in light of increasing energy demand in household and oil & gas industry is expected to promote the usage of intelligent motor control centers. A robust infrastructure of mining sectors in China and Australia in light of the abundance of minerals along with regulatory support to promote investments at the domestic level is expected to increase the use of the product. Intelligent motor control centers are also used as the predictive maintenance tool for controlling the process flow in operations procedure. Growth in oil & gas sectors in the U.S. and Canada on account of upscaling production capacity of unconventional sources including shale gas is expected to have a positive impact.

Increasing acceptance for motorized automation across numerous industries including automotive, electronics and biotechnology in light of providing benefits such as reduction in idle time is expected to fuel the demand for the product. Intelligent motor control centers are capable of controlling the motors from a central location for all industrial applications such as oil & gas, cement, chemicals, construction, auto motives, power generation. These product forms have received attention in light of growing awareness towards motorized circuit controls (MCC) for offering diagnostic capabilities, loss detection, and predictive maintenance features.

Application growth of waste water treatment in manufacturing and municipal applications in light of rising awareness towards restricting the effluent pollution effect is expected to augment the usage of the motor control systems in aeration tanks. High level of investment cost incurred for the installation of motor control systems in developed economies including the U.S. and Germany is expected to remain a concerning factor. The manufacturers are likely to increase expenditure for the development of new products with low insolation cost and better user-friendly characteristics. Majority of the industry participants are likely to keep their production units near vicinity to countries of European Commission and North America in light of easy access of OEMs.

Manufacturers use the National Electrical Manufactures Association (NEMA) and International Electro-Technical Commission (IEC) standards to produce intelligent motor control centers. Under the category of International Electro-Technical Commission Standard, panel manufacturers design the product forms and integrate the creative components into their systems before their distribution. U.S. based Rockwell Automation sells MCC under the brand name, NEMA CENTERLINE 2100, which is highly durable and used for integrating process control and power. NEMA based product forms are majorly used in North America in light of high market awareness in the electronics automation industry of the U.S. and Canada.

Voltage segments the market into low and medium voltage motor control devices. On account of offering characteristics such as easy installation and high reliability, low energy product forms are increasingly used in chemical, petrochemical, steel and refrigeration applications.

North America is expected to remain one of the largest regions over the forecast period in light of increasing adoption of automation control systems in manufacturing sectors of the U.S. and Canada. Increasing utility expenditure in developed markets including Germany and France is expected to have an adverse impact on the market. Positive outlook towards manufacturing sectors in China and India in light of regulatory support to promote investments at domestic level is expected to play a crucial role in advancing the market growth.

Learn more Full Market Insight Details here: Intelligent Motor Control Centers Market Report