Lewes, DE -- (SBWire) -- 11/17/2015 --Report forecast the global motor control center market to grow at a CAGR of 5.58% over the period 2014-2019.
A motor control center is the assembly of motor starters comprising of contactors and overload relays connected through multi-core cables or common power bus bar to control a group of motors. It can be segmented into either conventional motor control center or intelligent motor control center.
Motor control centers, which are housing control and monitoring devices, protect motor failures from overload and voltage imbalances. This helps end-users to reduce the machine downtime, leading to high productivity. Motor control centers also help in reducing a plant's maintenance cost by predicting the status of motors rather than taking corrective action after the damage is done. It also gives the centralized access to an operator to control several motors from a single place.
This report covers the present scenario and the growth prospects of the global motor control center market for the period 2015-2019. To calculate the market size, the report covers revenue generated from conventional and intelligent type of motor control centers. The report also considers the revenue generated from industrial and commercial end-users.
According to the report, industries such as oil and gas, mining, power, chemical, and automotive are highly affected by any kind of interruption in their production process. Even a slight delay can cause huge losses to a company financially and can also tarnish its image in the market. Most of the interruption in the production process occurs due to motor failures caused by overload, voltage conditions, rotor failures, bearing failures, contaminants, and old age.
Further, the report states that one of the major challenges faced by the market is reduced investor interest in Australian mining industry.
Global Motor Control Center Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, APAC, and EMEA. It also presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
key players in the Global Motor Control Center Market: ABB, Eaton, Rockwell Automation and Schneider
Other Prominent Vendors in the market are: Allis Electric, Cordyne, Fuji Electric, GE, Gemco Controls, Mitsubishi, Rolla, Technical Control System, and WEG.
Key regions
- Americas
- APAC
- EMEA
Market driver
- Expanding water and wastewater treatment industry
- For a full, detailed list, view our report
Market challenge
- High maintenance cost
- For a full, detailed list, view our report
Market trend
- Emerging oil and gas industry in Africa
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 67 pages and 28 Exhibits "Global Motor Control Center Market 2015-2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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