세계의 저전압 모터 제어센터 시장 전망(-2028년) - 유형별(기존 모터 제어센터, 지능형 모터 제어센터), 전압별(저전압, 중전압), 구성요소별, 용도별, 지역별 분석

According to Stratistics MRC, the Global Low Voltage Motor Control Center Market is accounted for $4.03 billion in 2022 and is expected to reach $5.59 billion by 2028 growing at a CAGR of 5.6% during the forecast period. A low voltage motor control center (LV-MCC) is a configuration comprising one or more enclosed portions that share a power bus and are primarily used to house motor control devices. For integrating electrical motor control, power distribution, and automation into a compact and affordable container, a motor control center of this kind is ideal. With up to 2500A horizontal and 1600A vertical bus, it features plug-in, withdrawable, and full-height unit technology. They operate in the construction, oil and gas, and automobile manufacturing industries, as well as the residential, industrial, and commercial sectors.

Market Dynamics:

Driver:

Developments in industrial automation

The uptime of industrial plants has increased, and electricity generating capacity is expanding largely due to the adoption of industrial automation in emerging economies. It significantly increased the potential of electric motors. Industrial automation eliminated human intervention and increased profit, production rate, safety, and quality advantages significantly. The makers of low voltage motor control centers should expect to benefit significantly from ongoing technological advancements and improvements to the current industrial infrastructure.

Restraint:

Decreasing investments in the oil & gas industry

Instead than investing in newer, more efficient items, oil and gas businesses are concentrating more on increasing operational effectiveness with the existing machinery. After the sector gets through the present oil price scenario, businesses are trying to streamline operations by boosting productivity and using fewer resources. The market for motor control centers is anticipated to be constrained by the fall in oil and gas investments as a result of the drop in crude oil prices.

Opportunity:

Rising demand for smart motor control devices

Simple smart motor control systems that use traditional analog or electromechanical technologies are the latest trend. The development of microprocessor technology has enhanced motor control and safety features. Industry-wide technological advancements and greater automation have boosted the demand for intelligent devices like intelligent motor control centers. These intelligent gadgets include capabilities including quick reaction times, sophisticated diagnostics, fine control, and remote monitoring. Multiple functionalities are merged into a single intelligent device, reducing the number of components needed and enhancing the market demand.

Threat:

High installation costs

Installing motor control centers could be a relatively straightforward process, but at the same time, it involves considerable capital expenditure. This makes it difficult for the utilities and end-users to install them. Due to the high investment needed compared to a single panel operation, small and medium-sized industries also avoid installing motor control centers. Thus, heavy initial investments and higher cost than its counterparts tend to be a challenge for the motor control centers market.

COVID-19 Impact:

The rapid spread of COVID-19 significantly affected worldwide commercial operations, upsetting the supply chain and hurting a number of businesses. The pandemic has had a significant effect on the low voltage motor control center markets, resulting in decreased production and, therefore, sales. Due to these unavoidable circumstances, order backlogs will develop, which will probably drive up the price of the equipment.

The busbars segment is expected to be the largest during the forecast period

The busbars segment is estimated to have a lucrative growth. Busbars are the main current-carrying elements in low voltage motor control centers. These are employed by utilities to supply electricity to buildings and by businesses to supply electrical loads. Busbars are a great alternative to traditional cabling since they save time, money, and space for both the installer and the customer. The busbars market is predicted to grow as a result of all these triggers.

The oil & gas segment is expected to have the highest CAGR during the forecast period

The oil & gas segment is anticipated to witness the fastest CAGR growth during the forecast period. In oil and gas refineries, low voltage motor control centers are used to centrally manage the electric motors that power a variety of industrial activities, including pumping, production and processing, air compressors, and drilling, among others. All varieties of motor control centers are required by the oil and gas sector to offer adequate protection against voltage, speed, and frequency spikes in order to maintain uninterrupted business operations.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the raising investments by the major economies. The most significant export markets for low voltage motor control centers are China, India, Japan, and Australia. The market in the Asia Pacific area will be driven by expanding infrastructure projects, increasing power generation capacity, strong governmental efforts and continuing projects as well as rising investments in the water and wastewater industry.

Region with highest CAGR:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing trend toward industrial automation. Asia is undergoing a change in factory automation to improve production efficiency and lower failure rates. Rising urbanization, industrialization, and power consumption are the key drivers of this region's market development. The market for motor control centers in the area is also anticipated to grow as a result of rising electricity consumption and power generating capacity increase.

Key players in the market:

Some of the key players profiled in the Low Voltage Motor Control Center Market include Mitsubhishi Electric Corporation, Technical Control Systems, Ltd, Tesco Controls Inc, Larsen & Toubro Limited, ABB Ltd, Fuji Electric Co, Allis Electric Co Ltd, Ingeteam, Weg SA, EAMFCO, Eaton Corporation PLC, Rockwell Automation Inc, Siemens AG, Schneider Electric SE and General Electric Company.

Key Developments:

In March 2023, Siemens AG launched a new leading motor and large drives company called Innomotics. Under this name, Siemens is combining its business activities in the areas of low- to high-voltage motors, geared motors, medium-voltage converters and motor spindles. The portfolio includes innovative solutions and digitalization portfolio and a broad range of service offerings.

In August 2022, Rockwell Automation announces an unprecedented partnership with Bravo Motor Company, a California-based business offering applied innovation around decarbonization, with a focus on the production of batteries, vehicles, and energy-storage systems.

In May 2022, GE announced the launch of Lifespan, a new digital product portfolio enabling customers to optimize renewable asset performance and operations across their fleet. The Lifespan suite of products are fully integrated, technology agnostic, and were designed side-by-side with operators to drive improved operations.

Types Covered:

• Conventional Motor Control Centers
• Intelligent Motor Control Centers

Voltages Covered:

• Low Voltage
• Medium Voltage

Components Covered:

• Busbars
• Circuit Breakers & Fuses
• Overload Relays
• Variable Speed Drives
• Soft Starters
• Other Components

Applications Covered:

• Food & Beverages
• Oil & Gas
• Ceramic
• Textile
• Refrigeration
• Chemicals & Petrochemicals
• Utilities
• Power Generation
• Cement & Manufacturing
• Mining & Metals
• Plastic & Rubber
• Automotive & Transportation
• Water & Wastewater
• LifeSciences
• Paper & Cellulose
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Low Voltage Motor Control Center Market, By Type

• 5.1 Introduction
• 5.2 Conventional Motor Control Centers
• 5.3 Intelligent Motor Control Centers

6 Global Low Voltage Motor Control Center Market, By Voltage

• 6.1 Introduction
• 6.2 Low Voltage
• 6.3 Medium Voltage

7 Global Low Voltage Motor Control Center Market, By Component

• 7.1 Introduction
• 7.2 Busbars
• 7.3 Circuit Breakers & Fuses
• 7.4 Overload Relays
• 7.5 Variable Speed Drives
• 7.6 Soft Starters
• 7.7 Other Components

8 Global Low Voltage Motor Control Center Market, By Application

• 8.1 Introduction
• 8.2 Food & Beverages
• 8.3 Oil & Gas
• 8.4 Ceramic
• 8.5 Textile
• 8.6 Refrigeration
• 8.8 Chemicals & Petrochemicals
• 8.8 Utilities
• 8.9 Power Generation
• 8.10 Cement & Manufacturing
• 8.11 Mining & Metals
• 8.12 Plastic & Rubber
• 8.13 Automotive & Transportation
• 8.14 Water & Wastewater
• 8.15 LifeSciences
• 8.16 Paper & Cellulose
• 8.18 Other Applications

9 Global Low Voltage Motor Control Center Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Mitsubhishi Electric Corporation
• 11.2 Technical Control Systems, Ltd
• 11.3 Tesco Controls Inc
• 11.4 Larsen & Toubro Limited
• 11.5 ABB Ltd
• 11.6 Fuji Electric Co
• 11.7 Allis Electric Co Ltd
• 11.8 Ingeteam
• 11.9 Weg SA
• 11.10 EAMFCO
• 11.11 Eaton Corporation PLC
• 11.12 Rockwell Automation Inc
• 11.13 Siemens AG
• 11.14 Schneider Electric SE
• 11.15 General Electric Company