Product Overview

Set of either one or more parts enclosed and has a common power bus is a motor control center. The main goal of the MCC is to monitor the distribution of electrical power to electric motors. In order to maximize efficiency and reduce running costs, these centers play an important role. In addition, motor control centers can integrate production and business networks with field equipment efficiently. Widely accepted today in manufacturing units, they provide paramount security coupled with intelligent monitoring as well as motor control relay diagnostic capabilities. It consists of different enclosed parts with a common power bus containing a combination starter, which in turn consists of a starter engine, fuses or circuit breaker, and power disconnection.

Market Highlights

Motor Control Centers Market is expected to project a notable CAGR of 6.2% in 2030.

Motor Control Centers Market to surpass USD 6.9 Billion by 2030 from USD 4.3 Billion in 2019 in terms of value growing at a CAGR of 6.2% throughout the forecast period, i.e., 2020-30. In emerging economies such as China, India, and Brazil, the expansion of the manufacturing sector is expected to remain a key driving force for promoting market growth in smart motor control centers. In view of the rising energy demand in the household and oil & gas industries, growth in power infrastructure in the Middle East is expected to encourage the use of intelligent motor control centers. In view of the abundance of minerals, the strong infrastructure of the mining industries in China and Australia, together with regulatory support to encourage domestic investment, is expected to increase the use of the commodity. Intelligent motor control centers are often used to control process flow in operations as a predictive maintenance tool. Development in the U.S. and Canadian oil & gas industries is expected to have a positive effect due to the expanded production potential of unconventional sources, including shale gas.

Motor Control Centers Market: Segments

Intelligent MCC segment to grow with the highest CAGR during 2020-30

Motor Control Centers Market is segmented by Type as Conventional MCC and Intelligent MCC. The conventional motor control centers segment is estimated to lead the market with a share of over XX.X% in 2019. The key factors driving demand for conventional motor control centers during the forecast period are the increasing demand for industrial automation in developed regions and the benefits provided by conventional motor control centers, such as high level of protection, easy expansion and adjustment, fast and smooth maintenance, and improved reliability and operability. Increasing adoption of motorized automation across various industries including automotive, electronics, and biotechnology, is expected to fuel the demand for the commodity in view of providing advantages such as decreasing idle time. For all industrial applications, such as oil & gas, cement, chemicals, manufacturing, automotive motives, power generation, intelligent motor control centers are able to control the motors from a central location. In view of the increasing knowledge of motorized circuit controls (MCC) for providing diagnostic capabilities, loss detection, and predictive capabilities, these product types have received attention.

Oil & Gas Segment to grow with the highest CAGR during 2020-30

Motor Control Centers Market is segmented by End-Users into Oil & Gas, Chemical &, Petrochemicals, Utilities, Food & Beverage, Mining and Others. The oil and gas segment accounted for the largest revenue share of 70% in 2019 and is projected to maintain its lead over the forecast period. Due to large-scale applications in different sectors, the industrial segment is the biggest end-user for motor control centers. Oil and gas, chemicals, mining and metals, cement, and services have been further sub-segmented into the industrial segment. The largest end-users in the industrial segment are the oil and gas and mining and metals segments; however, owing to the fall in oil prices, these segments are expected to achieve slow growth during the forecast period. The slump in oil prices has resulted in oil and gas producers cutting costs which in turn affects the demand for motor control centers.

Motor Control Centers Market: Market Dynamics

Drivers

Increasing Level of Industrial Automation

High levels of automation in manufacturing plants have resulted from technical changes. All manufacturing plants compete to meet standards of quality and safety, achieve maximum productivity and sustain reasonable prices for goods. This has resulted in industries automating their processes, such as motor control centers, via intelligent motor control equipment. This has further resulted in growing demand in developing regions for motor control centers. The demand for motor control centers is driven by the increasing adoption of smart motor control centers that provide diagnostic capabilities, identification of losses, and predictive maintenance features. In energy-intensive applications, motor control centers integrated with process control and smart motor devices can provide better performance. The implementation of automation is therefore likely to boost the market for motor control centers in different industries.

Continuous technological advancements and discoveries

The increase in industries such as food and beverage, pharmaceuticals, and pulp and paper can be attributed to the demand for MCCs from developing countries. The global demand for MCC is expected to be powered by continuous technological advances and discoveries in communication and transmission networks. New technologies made to meet industrial requirements are intelligent MCCs (MCQs) with remote diagnostic capabilities and advanced functionality such as loss detection and predictive maintenance. It is anticipated that the high level of investment costs incurred for the construction of motor control systems will remain a significant factor in developed economies, including the U.S. and Germany. Manufacturers are likely to raise investment in new product production with low insolation costs and improved user-friendly features.

Restrain

Decreasing crude oil prices

One of the leading end-user markets of motor control centers in the oil & gas industry. The recent decrease in the price of crude oil has led to a dramatic drop in capital expenditures, decreasing demand for industrial equipment. Instead of purchasing new and more effective goods, this has left the oil & gas companies focused more on improving operational performance with the same devices. By enhancing operating performance and working with fewer resources after the industry overcomes the current oil price situation, businesses are working on streamlining operations. The decrease in crude oil prices can be due to the rising supply of crude oil from the US and OPEC countries, such as Saudi Arabia, and to the lifting of sanctions against Iran in 2016. This has resulted in a decrease in the oil & gas industry's spending, which is expected to serve as a constraint to the demand for motor control.

Motor Control Centers Market: Key Players

ABB Ltd.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Eaton Corporation

Larsen & Toubro Limited

LSIS Co. Ltd.

Mitsubishi Motors Corporation

Rockwell Automation, Inc.

Schneider Electric SE

Siemens AG

TES Group

Tesco Controls, Inc.

Motor Control Centers Market: Regions

Motor Control Centers Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Motor Control Centers Market in North America led the market with a lion share of more than XX.X% in 2019 in light of the growing implementation of automation control systems in the United States and Canada's manufacturing sectors. Rising spending on utilities is projected to have a negative effect on the demand in developed markets, including Germany and France. A positive outlook for manufacturing sectors in China and India is expected to play a crucial role in advancing the growth of the market for smart motor control centers in view of regulatory support to encourage domestic investment. Saudi Arabia's changing preference from the upstream sector to the automotive and chemical sectors of the governments of Middle East countries is expected to increase demand in the manufacturing sector. As a consequence, the factors listed above are expected to open up new opportunities for the Middle East motor control market over the next eight years.

Competitive Landscape:

The Motor Control Centers market, which is highly competitive, consists of several major players such as ABB Ltd., Eaton Corporation, Siemens AG, Schneider Electric holds a substantial market share in the Motor Control Centers market. Other players analyzed in this report are Rockwell Automation, General Electric, Fuji Electric, Gemco Controls Limited, Mitsubishi Electric Corporation, and WEG, Sun-Tech Engineers, Vidyut Control India Private Limited, Rolla Limited, and Technical Control System Limited among others.

Key players are adopting inorganic growth strategies such as product launches in the global nutritional supplement market. For instance, In June 2019, Schneider Electric launched motor control centers with arc flash isolation design, which helps to prevent arc flash caused by extinguishing, originating, and containing the arc energy.

Motor Control Centers Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Motor Control Centers Market report also contains analysis on:

Motor Control Centers Market Segments:

By Type:

Conventional MCC

Intelligent MCC

By Voltage:

Low Voltage MCC

Medium Voltage MCC

By Component:

Busbars

Overload relays

Variable speed drives

Soft starters

Others

By End-user:

Oil & Gas

Chemical & Petrochemicals

Utilities

Food & Beverage

Mining

Others

Motor Control Centers Market Dynamics

Motor Control Centers Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Motor Control Centers Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and 2030

Who are the key players in the Motor Control Centers Market

What could be the challenging factors in the growth of the Motor Control Centers Market

What are the growth drivers for the Motor Control Centers Market

Contents

1. Executive Summary

2. Motor Control Centers Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Motor Control Centers Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Motor Control Centers Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Motor Control Centers: Market Segmentation

12.1. By Regions

12.1.1. North America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Europe:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Asia-Pacific:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. MEA:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Latin America:

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Type: Market Share (2020-2030F)

12.2.1. Conventional MCC, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Intelligent MCC, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3 By Voltage: Market Share (2020-2030F)

12.3.1. Low Voltage MCC, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Medium Voltage MCC, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. By Component: Market Share (2020-2030F)

12.4.1. Busbars, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Overload relays, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Variable speed drives, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. Soft starters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.5. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5. By End User: Market Share (2020-2030F)

12.5.1. Oil & Gas, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.2. Chemical & Petrochemicals, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.3. Utilities, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.4. Food & Beverage, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.5. Mining, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

13.1.1. ABB Ltd.

13.1.2. Company Overview

13.1.3. Company Total Revenue (Financials)

13.1.4. Market Potential

13.1.5. Global Presence

13.1.6. Key Performance Indicators

13.1.7. SWOT Analysis

13.1.8. Product Launch

13.2. Eaton Corporation

13.3. Larsen & Toubro Limited

13.4. LSIS Co. Ltd.

13.5. Mitsubishi Motors Corporation

13.6. Rockwell Automation, Inc.

13.7. Schneider Electric SE

13.8. Siemens AG

13.9. TES Group

13.10. Tesco Controls, Inc.

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)