The global intelligent motor control centers (IMCC) market is growing at a steady rate and is estimated to witness a significant CAGR during the forecast period (2021-2027). Intelligent motor control centers or MCCs are a group of advanced communication technologies that are integrated with intelligent motor control devices. An MCC is a factory assembly of several motor starters that include motor control units to perform their principal operations.
The rising demand for IMCC in the automotive manufacturing sector and growing trends for industrial automation are anticipated to drive the market growth during the forecast period. The increasing adoption of intelligent MCC over an existing MCC further supplements the growth of the market. Additionally, the significant increase in technological advancements and surging investments by manufacturers to propel network communication and automation solutions in vehicles is expected to leverage the global intelligent motor control centers market during the forecast period.
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Some key vendors present in the global IMCC market include General Electric Co., Eaton Corp., and Schneider Electric SE, among others adopted enormous strategies to stay competitive in the market. Product launches, mergers & acquisitions, and others are some key strategies adopted by the market players. For instance, in June 2019, Schneider Electric declared to launch an innovative motor control center integrated with arc flash isolation design.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered-
· By Operating Voltage
· By End-User
· Competitive Landscape- General Electric Co., Eaton Corp., and Schneider Electric SE, among others.
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Global Intelligent Motor Control Centers Market Report Segmentation
By Operating Voltage
· Low-Voltage Intelligent MCCs
· Medium-Voltage Intelligent MCCs
By End-User
· Automotive
· Chemicals/Petrochemicals
· Food and Beverages
· Mining and Metals
· Pulp and Paper
· Power Generation
· Oil and Gas
· Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
