Motor Control Centers Market Analysis

End-user (Automotive, Oil & Gas)

The global motor control centers market is segmented and analyzed for demand and supply by end user into automotive, oil & gas, and others. Out of the three types of end users, the automotive segment is estimated to gain the largest market share of about 35% in the year 2037. The growth of the segment can be accredited to the increasing demand for electric vehicles. The shift towards electric vehicles is driving market demand for motor control centers in the automotive industry. According to the International Energy Agency, the number of electric vehicles on the road is expected to increase significantly in the coming years, from 11 million in 2020 to 145 million by the year 2030. The automotive industry is increasingly adopting automation in the manufacturing process, which requires precise and efficient motor control. The adoption of automation in the automotive manufacturing process is driving segmental growth in the market. The automotive industry is increasingly focused on energy efficiency, which is driving demand for motor control centers that can optimize the energy consumption of electric motors. The increasing demand for energy-efficient motor control centers is driving segmental growth in the market. The automotive industry is also focused on safety, and motor control centers can help to ensure safe operation of motor-driven equipment.

Type (Conventional Motor Control Center, Intelligent Motor Control Center)

The global motor control centers market is also segmented and analyzed for demand and supply by type into conventional motor control center, and intelligent motor control center. Amongst these two segments, the intelligent motor control center segment is expected to garner a significant share of around 30% in the year 2037. The growth of the segment can be accredited to the increasing emphasis on energy efficiency. iMCCs can help to optimize energy consumption and reduce energy costs by providing real-time data on energy usage and allowing for precise control of motor-driven equipment. As a result, the increasing emphasis on energy efficiency in the industrial and commercial sectors is driving demand for iMCCs. iMCCs are equipped with sensors, communication modules, and software that enable remote monitoring and control of motor-driven equipment. The growing adoption of IoT and automation technologies is driving demand for iMCCs as companies seek to improve efficiency and reduce downtime. iMCCs offer advanced motor protection features, such as overload protection, short circuit protection, and ground fault protection. The increasing need for advanced motor protection in industrial and commercial applications is driving demand for iMCCs.

Our in-depth analysis of the global motor control centers market includes the following segments: