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Jul 17, 2017 11:40 AM ET

Motor Control Centers Market to Reach $6.2 Billion by 2022: Key Players are ABB, Schneider Electric, Eaton Corporation, Siemens AG, Rockwell Automation & General Electric Company

iCrowdNewswire - Jul 17, 2017

The “Motor Control Centers Market – Global Forecast to 2022” report has been added to Research and Markets’ offering.

The global motor control centers market is projected to grow at a CAGR of 5.47%, from 2017 to 2022, to reach a market size of USD 6.22 Billion by 2022.

The growing demand for industrial automation in developed regions, increased use of electric motors in key industries, and increased industrial plant uptime has boosted the demand for motor control centers. In addition, the booming power sector and augmented power generation capacities globally would further aid the growth of this market. The stagnancy in the oil & gas industry and the decrease in mining activities in Asia-Pacific, Latin America, and Africa would act as a restraint for the motor control centers market.

The low voltage motor control centers market is the largest market of the voltage segment due to the widespread installation of low voltage motors across the globe. Motor control centers are extensively used by industries to control the speed, frequency, voltage, and torque, of motors, among other functions. Moreover, this segment is expected to grow at the highest CAGR from 2017 to 2022. Low voltage motor control centers are mainly used in industries such as chemicals and petrochemicals, paper and pulp, cement, and food and beverage. The low voltage motor control centers segment is expected to grow significantly during the forecast period.

Companies Mentioned

– Abb, Ltd.
– Eaton Corporation, Plc
– Fuji Electric Co., Ltd.
– Gemco Controls, Ltd.
– General Electric Company
– Hyosung
– Larsen & Toubro Limited
– Lsis Co., Ltd.
– Mitsubishi Electric Corporation
– Rockwell Automation, Inc.
– Schneider Electric Se
– Siemens Ag
– Technical Control Systems, Ltd.
– Vidhyut Control India Pvt., Ltd.
– Weg Sa

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Motor Control Centers Market, By Voltage

7 Motor Control Centers Market, By Type

8 Motor Control Centers Market, By Component

9 Motor Control Centers Market, By Standard

10 Motor Control Centers Market, By End-User

11 Motor Control Centers Market, By Region

12 Competitive Landscape

13 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/hqr6lb/motor_control

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Motors (https://www.researchandmarkets.com/categories.asp?cat_id=852&campaign_id=hqr6lb)

Via iCrowdNewswire
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