info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Motor Control Centers Market Research Report by Type (Conventional MCC and Intelligent MCC), by Voltage (Low voltage and Medium voltage), by Component (Busbars, Circuit Breakers & Fuses, Overload Relays, Variable Speed Drives, Soft Starters and Others), by End User (Industrial(Oil & Gas, Metal & Mining, Utilities, Chemical and Petrochemicals, Cement and Manufacturing Food & Beverage, others), Commercial), By Standard Segment (NEMA, IEC, Others) and by Region - Global Forecast To 2032


ID: MRFR/E&P/2770-HCR | 111 Pages | Author: Priya Nagrale| November 2024

Global Motor Control Centers Market Overview:


Motor Control Centers Market Size was valued at USD 5.55 billion in 2023. The Motor Control Centers Market is projected to grow from USD 5.95 Billion in 2024 to USD 28.14 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.6% during the forecast period (2024 - 2032).


Global Motor Control Centers Market Overview1


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Motor Control Centers is an assembly of device overload protectors or motor starters connected by a common power source. The primary role of a Motor Control Center is to act as a centralized system and to control motors that are connected to the power bus. It distributes the power to the electrical motors connected to it. The National Electrical Manufacturers Association describes the Motor Control Centers as a floor-mounted assembly with a few vertical sections and horizontal and vertical buses for power distribution. The Motor Control Centers function as power distribution centers in industrial sectors.


As the need for reliable electric supply in industrial sectors increases the demand for Motor Control Centers market continues also increases. The Motor Control Centers Market value is expected to reach 5.10% CAGR by 2030 as there is an ongoing rise in investment for operations like transmission and distribution network, grid expansion, and developing safer electrical infrastructure. The global market is driven by the increasing need for reliable electric supply & subsequent investment in transmission & distribution networks, grid expansion, and developing safe electrical infrastructure.


Motor Control Centers Market COVID 19 Analysis:


The COVID 19 has created a major shock in the global economy as the disease was spread in several countries restricting movement. It has potentially affected both the service and manufacturing sectors equally. Owing to the temporary shutting down of non-essential manufacturing sectors and other commercial industries, the Motor Control Centers industry is currently suffering negative impacts. However, the impact is expected to remain for short period. As the developing countries are increasingly showing interest in industrial growth, the demand for Motor Control Centers market is expected to bounce back in the upcoming years.


The investments in the oil and gas industry have significantly reduced. As a result, there is a sharp decline in the costs of the oil and gas industry has created a major challenge of uncertainty in the growth of the Motor Control Centers industry. Risks in Business continuity, the number of changes in production volume, the decline in the workforce, real-time decision making, security risks are some of the emerging negative factors due to COVID 19. Such factors are more likely to affect the industrial and commercial operations thereby affecting the Motor Control Centers Industries.


Motor Control Centers Market Dynamics:


Market Drivers:


The advent of Intelligent Motor Control Centers has hugely impacted the overall performance, as the robustness of the components is increased. The life of the IMCC is also increased over 20 years. The Intelligent Motor Control Centers are capable of combining hardware, software, and communication systems. The PLC or motor starters generate piles of data that are collected and analyzed by IMCC to minimize the equipment downtime of motors. These factors have increased the demand among several industrial sectors.


As technology keep advancing over the years, high levels of automation are incorporated in manufacturing facilities. Every manufacturing plant thrives to meet efficiency and safety standards, acquire optimal productivity, and maintain competitive product pricing. 


Hence the industries started to automate their operations utilizing Intelligent Motor Control equipment like Motor Control Centers. Especially developed regions like North America, Europe are even more emphasizing automation to decrease the labor costs, while increasing the efficiency of the manufacturing plants.


The increased adoption of Internet of Things enabled Motor Control Centers have aided the vendors in developing advanced control modules, integrating smart devices with medium-voltage components. Such advancements have stimulated the Motor Control Centers Market growth.


Motor Control Centers Market Opportunities:



  • Growing investments:


The increased investment rates across the globe have increased the demand for Motor Control Centers industry. The World Investment Report 2018 has stated that Asia-pacific held an investment worth about USD 476 billion. This factor has propelled the industrial and commercial sectors to advance their controlling and security features.



  • Favorable government initiatives:


Various government initiatives aided the improvement of the equipment regulations, promotion of energy management in industries, the efficiency of operations. For example, Italy has brought in a ten-year plan that potentially covered a broad range of energy sector interventions in the year 2017. The National Energy Strategy targets to reduce energy consumption by 30% by the year 2030. 


The government in Switzerland has announced a new set of standards for efficient energy consumption. Such supportive strategies have increased the operational efficiency in the industries. These actions have stimulated the growth of Motor Control Centers Market Share.



  • Increased usage of renewable energies:


Over 77% of the energy generated in Canada is through renewable energy sources and nuclear energy combined. The percentage will grow more in the upcoming years. The intensive utilization of electrical enclosures in hydraulic and solar grids is expected to drive the Motor Control Centers market growth.


Market Restraints:


High initial investments might hamper the growth of the Motor Control Centers industry. As the equipment detects losses, optimizes the energy consumption, production activity, and other key functions, advanced technologies are incorporated. The huge capital investment hinders the growth of the Motor Control Centers industry in small industrial sectors.


The Oil and Gas industry is one of the leading end-users of the Motor Control Centers industry, which currently is facing a downturn in terms of pricing. The huge drop in capital expenditures in the industry has led to a decrease in the demand for industrial equipment. Hence currently, the oil and gas industry is focusing on improving the operational performance with the existing devices.


Market Challenges:


The primary challenge in the Motor Control Centers Industry is to include constant advancement in the Motor Control Centers and differentiate from other competitors. Offering increased value propositions to end-users and equipment manufacturers is considered a primary challenge in the market growth.


There has been a series of fluctuations noted in the material costs, additionally, the new product development over conventional Motor Control Centers are considered as restraints for the growth of the Global Motor Control Centers market.


Motor Control Centers Market Cumulative Growth Analysis:


The Global Motor Control Centers Market is projected to witness a growth of USD 8.31 billion by the year 2027 registering 5.1% CAGR. Currently, the market value is at USD 4.89 billion. As the industries are incorporating automation in various sectors, strive to increase the optimization of energy consumption, the demand for Motor Control Centers has significantly increased in recent years. 


Owing to the rapid rise of industrialization and urbanization, the industries constantly look for solutions to maintain product efficiency, enhance safety standards and acquire optimum productivity. Such factors have stimulated these industries to utilize the Motor Control Centers in their plant.


The abundant availability of minerals and strong infrastructure in mining industries in the countries like China and Australia have increased the demand for Motor Control Centers. In the year 2019, the oil and gas segment has accounted for more than 70% of the market share. However, the segment is currently facing a downside. 


Nevertheless, the demand for Motor Control Centers industry remains unaffected as they are intensively utilized in energy-intensive applications. To attain better performances, the Motor Control Centers are integrated with process control and smart motor devices; such integrated Motor Control Centers are expected to drive the market in the forecast period.


Motor Control Centers Market Value Chain Analysis:


The developing countries are looking for solutions to boost their industrial growth. As the food & beverage industry, pharmaceutical, pulp, and paper industries are blooming in the countries like India, China, Brazil; they are more likely to incorporate the Motor Control Centers in their industrial plants. Additionally, the continuous technological advancements and innovations in the communication and transmission network stimulate the demand for the Motor Control Centers market growth.


The advent of intelligent MCCs with remote diagnostic ability has propelled industries to invest in the market. The Intelligent Motor Control Centers enable the worker to monitor the operation from remote places. The loss detection feature, safety feature, and predictive maintenance are some of the key factors that stimulated the growth of the Motor Control Centers industry.


Motor Control Centers Market Segment Overview:


Based on Type:



  • Conventional

  • Intelligent


Based on Voltage:



  • Low

  • Medium

  • High


Based on Component:



  • Busbars

  • Overload Relays

  • Variable Speed Drives

  • Soft Starters

  • Others


Based on End-User Industry:



  • Oil & Gas

  • Chemical & Petrochemicals

  • Energy & Utilities

  • Mining & Metals

  • Cement and Manufacturing Food & Beverage

  • Others


Based on Standard Segment:



  • NEMA

  • IEC

  • Others


Motor Control Centers Market Regional Analysis:


Kearney consultancy states that European energy companies are planning to invest about 650 billion euros in the wind and solar energies which could total up to a trillion by 2030. Also, German utilities are planning for large investments in wind and solar parks. The Spanish energy companies are planning to invest around 34 billion euros in renewable energies. All of these investment plans aid the growth of the Motor Control Centers industry in these countries.


According to the Indian Motor Control Centers market, the growth is expected to reach USD 582 million by the year 2026. The current market value marks at USD 427 million. The government schemes and initiatives promise bright growth in the industrial and commercial sectors. 


Hence we can certainly expect a constant growth in the Motor Control Centers Industry. Additionally, increased awareness and stringent regulations about energy saving in the country are further expected to influence the Motor Control Center Market growth in India.


Motor Control Centers Market Competitive Landscape:


Owing to the rise in industrialization and urbanization we can certainly expect new market players in the upcoming years, the existing players are listed below:



  • ABB (Switzerland)

  • Mitsubishi Electric (Japan)

  • Siemens (Germany)

  • Schneider Electric (France)

  • WEG (Brazil)

  • Powell (US)

  • Rockwell Automation (US)

  • Eaton (Ireland)

  • Marine Electricals (India)

  • Ingeteam S.A. (US)

  • Allis Electric Co Ltd (Taiwan)

  • Myers Power Products, Inc. (US)

  • Wescosa (Saudi Arabia)


Recent Development:



  • A new technology named Intelligent Phase control has recently entered the market to reduce the workload in production and simplify the system design. It also stabilizes the motor rotation and reduces power consumption.

  • Smart Motor Control Centers have the capability of integrating with advanced technologies like PLC, DCS which allow them to operate across multiple communication protocols.

  • On february 2021, ABB had launched its new motor control centre product named ReliaGear™ LV MCC. The low voltage motor control center is built for simplicity and durability. This low-voltage MCC was created to meet customer needs across a wide range of applications with a focus on smart MCC solutions. 


Motor Control Centers Market Segmentation Table:


Based on Type:



  • Conventional

  • Intelligent


Based on Voltage:



  • Low

  • Medium

  • High


Based on Component:



  • Busbars

  • Overload Relays

  • Variable Speed Drives

  • Soft Starters

  • Others


Based on End-User Industry:



  • Oil & Gas

  • Chemical & Petrochemicals

  • Energy & Utilities

  • Mining & Metals

  • Others

Report Attribute/Metric Details
Market Size 2023 USD 5.55 Billion
Market Size 2024 USD 5.95 Billion
Market Size 2032 USD 28.14 Billion
CAGR 7.6% CAGR (2024-2032)
Base Year 2023
Forecast Period 2024 to 2032
Historical Data 2019 & 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Type , Voltage , Component and End User
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors General Electric (U.S.), Siemens AG (Germany), ABB, Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation (U.S.), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Larsen & Toubro Limited (India), Technical Control Systems Ltd. (U.K), and WEG S.A. (Brazil).
Key Market Opportunities New product launches and R&D Amongst major key Players
Key Market Drivers Increasing need of reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.
 

Frequently Asked Questions (FAQ) :

7.6% is expected CAGR of the market till 2032.

Higher reliability, remote monitoring, higher control, lesser maintenance time, greater precision are some of the key advantages of Intelligent Motor Control Centers.

Commercial and industrial sectors are intensively using Low-voltage Motor control centers.

Top key players in industry are General Electric (U.S.), Siemens AG (Germany), ABB, Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation (U.S.), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Larsen & Toubro Limited (India), Technical Control Systems Ltd. (U.K), and WEG S.A. (Brazil). and others.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.