Motion Control Centers Market
Market Insights on Motion Control Centers covering sales outlook, demand forecast & up-to-date key trends
Motion Control Centers Market: Rising Demand for Industry-grade Automation Solutions in Developed Economies of the World is Driving the Global Market
Motion Control Centers Market Overview
Motion control centers are assemblies that control some or all electrical motors in a centralized location. These motion control centers consist of a multitude of enclosed sections that have common power buses. Each of these sections contain combination starters, which in turn consist of motor starters, circuit breakers or fuses.
Motor control centers also include indicator lights, push buttons, programmable logic controllers, metering equipment, and variable-frequency drives.
Motion control centers can be operated in combination with electrical service entrances for the particular building. These centers are usually located in large industrial or commercial buildings, where there are multiple electric motors that are requires to be controlled from a centralized location, such as an electrical room or a mechanical room.
Impact of COVID-19 Pandemic Outbreak
Most factories, refineries and manufacturing plants have been shut down or are operating at lower efficiencies amid the ongoing global coronavirus pandemic. Labor shortages, logistics related delays and regulatory restrictions are the primary factors challenging manufacturing efficiencies on a global scale.
For instance, approximately 2% reduction in China exports of industrial intermediate inputs resulted in a loss of around US$ 1 Bn in the European metal industry. These plants will continue experiencing the reverberating impact of COVID-19 in the months to come.
For the first quarter 2020, sales of industrial machineries took a hit of 15% to 20%. Under the circumstances, procurement of industrial equipment is estimated to decline at a rate of 3% to 5% over the coming months. This decline is, in turn, estimated to restrict the adoption of motion control centers.
Motion Control Centers: Market Dynamics
On the basis of type, the global motor control centers market is segregated into traditional and intelligent motor control centers. The traditional motor control centers currently hold the largest market share of the global market.
Rising demand for industry-grade automation solutions in developed economies of the world, along with the benefits offered by these traditional motor control centers, such as easy modification and expansion, high level of safety, enhanced operability and reliability, and smooth maintenance, have been the key factors propelling the demand for traditional motor control centers.
Low voltage motor control centers are high in demand as these find common applications in almost every end-use industry. This factor is estimated to continue boosting the adoption of low voltage motion control centers throughout the forecast period.
The ever-growing power transmission and distribution sector and the ever-increasing growth in the complementary and related markets, such as transformers and switch gears, are projected to boost the global motion control centers market growth during the forecast period.
Motion Control Centers Market: Competition Landscape
Some of the key service providers in the global Motion Control Centers market are
- Technical Control Systems
- Tesco Controls
- Rockwell Automation
- Mitsubishi Electric
- Schneider Electric
- Larsen & Toubro
- Fuji Electric
- Vidhyut Control
Collaborations and partnerships with other market players and technology integrators is one of the key strategies followed by motion control centers market leaders in the global market.
Motion Control Centers Market: Regional overview
Among all the regions, the motion control centers market in North America holds the largest market share of the global motion control centers market, and is anticipated to maintain a steady growth rate throughout the forecast period. The growth of motion control centers market in North America may be attributed to the strong economy growth and the supporting government policies for the accelerated industrialization in the region.
Booming mining industry in Australia is estimated to drive the Australian motor control centers market over the coming years.
The Motion Control Centers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on
- Motion Control Centers Market Segments
- Motion Control Centers Market Dynamics
- Motion Control Centers Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Technology Landscape
- Value Chain of the Market
- Market Drivers and Restraints
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, & Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, BENELUX, & Russia)
- East Asia (China, South Korea, and Japan)
- South Asia & Pacific (India, ASEAN, and Australia & New Zealand)
- Middle East and Africa (GCC Countries, Turkey & South Africa)
Motion Control Centers Market: Segmentation
The Motion Control Centers market can been segmented on the basis of component, type and end-user.
With respect to component, the global motion control centers market can be segmented into:
- Circuit Breakers & Fuses
- Bus bars
- Variable Speed Drives
- Overload relays
With respect to type, the global motion control centers market can be segmented into the following:
- Intelligent Motion Control Centers
- Traditional Motion Control Centers
On the basis of end-user, the global motion control centers market can be segmented into the following:
- Oil & Gas
- Chemical & Petrochemical
- Metals & Mining