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The global motor control centre market size reached an approximate value of USD 5.49 billion in 2023. The industry is expected to grow at a CAGR of around 5.40% between 2024 and 2032. The market growth is likely to be driven by the increasing demand for automation and energy efficiency in different industries.
Motor control centres refer to an assembly of combination starters that are used in a manufacturing or processing plant. It comprises enclosed panels that are used to control, feed, and protect circuits. These centres can have variable frequency drives and programmable controllers that can enable automation. These controllers can also be the starting point from where electricity is allowed into the facility.
Based on type, the market can be segmented into conventional motors and smart motors. Based on the voltage, it can be bifurcated into low voltage and medium voltage. Based on components, the market bifurcations include overload relays, circuit breakers and fuses, soft starters, busbars, and variable speed drives, among others.
Based on end-use, the market can be divided into oil and gas, iron and steel, minerals and mining, food and beverage, and automotive, among others. The regional markets for the motor control Centre market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global motor control Centre market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Based on types, the market divisions include conventional motors and smart motors. The smart motor segment is expected to register a high growth rate during the forecast period, owing to increased efficiency and productivity achieved by its utilisation. It is also increasingly being implemented in industries due to the requirement of fewer components when compared to conventional motors.
Based on voltage, the market can be segmented into low voltage and medium voltage.
The low voltage segment is expected to account for a significant share of the market, which can be attributed to the wide scope of adoption in various industries such as food and beverages, paper and pulp, metal and mining, among others industries.
The increasing demand for low-voltage control centres from different industries can significantly enhance the market growth during the forecast period.
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Siemens AG is one of the largest industrial manufacturing companies in the world. It is a German-based conglomerate, headquartered in Munich and Berlin, with multiple branch offices in other countries. The company works with technology in the industrial, infrastructure, transport, and healthcare fields. Their products and services include energy, financing, mobility, software, industrial automation, drive technology, and consumer products, among many others.
ABB Ltd is a global pioneering technology leader that operates to improve productivity and aims to create a sustainable future by improving automation and connecting software with electronics and robotics. It is a Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, and it was founded in 1988. The products available in the company include control room solutions, drives, motors and generators, robotics, and industrial software, among others.
Mitsubishi Electric Corporation is one of the largest electronics and electronic equipment manufacturing companies headquartered in Tokyo Japan. The company was established in 1921 and it is one of the core companies of Mitsubishi Group. The company has a wide array of products, and they provide services in various fields, including air conditioning systems, automotive equipment, elevators and escalators, energy systems, transportation systems, and factory automation systems, among many others.
Other market players include Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric, Powell Industries, Rockwell Automation, Inc., and Eaton Corp., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Voltage |
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Breakup by Component |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market for motor control centre reached a size of USD 5.49 billion in 2023.
The market is expected to grow at a CAGR of 5.40% during the forecast period of 2024-2032.
The market is driven by the growing demand for automation by various industries and the rising utilisation of motor control centres for efficiency and productivity.
The developing market in emerging nations and increasing efforts by key players to introduce new products with technological advancements is expected to deliver new growth opportunities to the market.
The regional markets for the global motor control centre market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The types of motor control centre available in the market include conventional motors and smart motors.
The voltages available for motor control centres include low voltage and medium voltage.
The different components of motor control centres include overload relays, circuit breakers and fuses, soft starters, busbars, and variable speed drives, among others.
The motor control centre finds extensive end-uses in oil and gas, iron and steel, minerals and mining, food and beverage, and automotive, among others.
The key players in the market include Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric, Powell Industries, Rockwell Automation, Inc., and Eaton Corp., among others.
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+1-415-325-5166
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193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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