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Intelligent Motor Control Centers (IMCC) Market Development Analysis, Current Demand, and Share Values

Increasing number of application of intelligent motor control centers (IMCC) in automobile industry, oil & gas industry, cement manufacturing sector and textile industry, is expected to drive the growth of intelligent motor control centers (IMCC) market over the forecast period.

ID: 1553016
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(businesspress24) - The global intelligent motor control centers (IMCC) market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the increasing adoption of low voltage motors in various end-use industries. Smart motor control centers (IMCC) are currently employed in different industries such as chemicals & petrochemicals, paper & pulp, cement, and food and beverage. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of motor control centers (MCC).

Increasing number of application of intelligent motor control centers (IMCC) in automobile industry, oil & gas industry, cement manufacturing sector and textile industry, is expected to drive the growth of intelligent motor control centers (IMCC) market over the forecast period. Growing importance towards predictive maintenance of motor is expected to drive the growth of wireless motor monitoring system market over the forecast period. Maintenance & monitoring of industrial low-voltage motor is considered as a high priority task owing to its widespread applications.

Increasing adoption of high-performing low-voltage motors in variable industrial application is expected to favor the market growth over the forecast period. A smart motor control center helps to monitor several motors from remote or a central locations. A smart motor control center contains several enclosed sections that has a common power bus. Each section has its own combination starter, followed with a combination of motor starters with fuse or circuit breaker, and power disconnect. The motor control centers use push buttons, indicator lights, variable-frequency drives, programmable logic controllers, and metering equipment for easy operations.

The intelligent motor control centers (IMCC) market is broadly categorized into several segments based on the application type such as oil & gas industry, mining & metals industry, power generation sector, chemicals industry, pulp & paper industry, water & waste water industry, food & beverages industry, automotive sector, and ship building & transport sector. Oil & gas industry segment is growing rapidly in the market with substantial revenue generation in the last few years.

The IMCC market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in the recent years owing to the rising implementation of latest technologies in industrial automation sector, surging number of research & development activities and existence of well-established manufacturing infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.

Asia-Pacific region is estimated to hold a major share in the market with massive growth in the forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising awareness level among small and medium-sized businesses, growing number of manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the intelligent motor control centers (IMCC) market are Rockwell Automation, Inc., ABB Group, Schneider Electric SE, Siemens AG, Mitsubishi Electric Corp., Eaton Corp., Allis Electric Co., Ltd., Larsen & Toubro Ltd., Pima Controls Ltd., and Togami Electric Ltd.

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published by: unnati_gade
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Date: 10/11/2019 - 08:33
Language: English
News-ID 1553016
Character count: 3673
Firma: Million Insights
Ansprechpartner: Tom Clark Feedback to about Pressrelease-id:
Stadt: Felton
Telefon: 14086102300

Meldungsart: Financial
Versandart: send
Freigabedatum: 11.10.2019

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