The global iMCC market estimated at USD 3.56 billion in 2015 is forecasted to grow at a CAGR of 5.76% over the reporting period to reach USD 4.71 billion by the end of 2020. Intelligent motor controls possess the ability to have knowledge of the past and real-time conditions to provide automatic or remote control of motors as well as the plant process, which are the key factors directly affecting system efficiency and reliability.
Microprocessor based control systems, replacing hardwiring with network technology and the inclusion of a certain degree of enhanced protective functionality are salient features of iMCCs. These are mainly used in large-scale industrial infrastructures and sites with hybrid continuous processes and in general industries, wherever the top most priority goes to the continuity of service.
The markets are driven by the ability to implement a plant-wide single solution to address important market challenges such as innovation, sustainability, productivity, globalization; remote monitoring capabilities, untimely downtime reduction and lowered commissioning costs. They add value to contractors in project stage and to end-users in the operational stage. Government legislations targeting environmental concerns, ready to install configuration, cabling system, which is compliant with applicable standards, low maintenance etc., are other factors supporting the market.
The rise in demand from the recovering mining sector of Australia, expanding automotive, mining, oil and gas industries in India and China are fueling the market in the Asia-Pacific region.
The key restraint to investment are little understanding of the cost involved for a system in long run at financial and corporate levels, the possibility of a short lifetime of devices compared to the conventional ones, additional spare parts might be needed to guarantee the lifetime and match rest of the motor control center.
The products are manufactured either by the National Electrical Manufacturers Association (NEMA) or International Electro-Technical Commission (IEC). NEMA standards are followed by the manufacturers in North America and few parts of Middle East regions, whereas IEC standards are followed by Europe and Asia-Pacific. Low voltage iMCC hold the major share of market-based on operating voltage. By mitigation type, they are classified as arc-flash and non-flash mitigation. The components segment includes contactors, starters & switches, solid state components, software, networked components and others. Amongst the end-user industry verticals, oil & gas industry holds major market share, followed by mining and metals vertical.
By geography, the major share of intelligent motor control centers markets is owned by the North American and Latin American manufacturers, followed by the manufacturers from the Asia-Pacific region.
Key Industrial Players
The key market players are:
- Rockwell Automation
- Eaton Corporation
- Schneider Electric
- Emersion Electric
- Siemens AG
- Danaher Motion
- ABB Group
- Mitsubishi Electric
- Larson & Turbo Limited
- Pima Controls
- Togami Electric
- General Electric Industrial Solutions
Key Deliverables of the Study
- Market definition of intelligent motor control centers along with the market drivers and restraints in the global markets.
- Identifying the key market players and analysis of their market share and strategic initiatives.
- Identifying the key factors influencing the global and regional markets.
- Analysis of the market segmentation and key players.
- Covers the market landscape with the geographical footprint and competitive market share analysis.
- Global and regional analysis of growth opportunities and market trends in the intelligent motor control centers markets.
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1.1 Study Assumptions
1.2 Key Deliverables of the Study
1.3 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics & Trends
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Force Model
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat from New Entrants
4.5.4 Threat of Substitution of Products and Services
4.5.5 Degree of Competition
5. Market Segmentation
5.1 By Construction Standards
5.1.1 National Electrical Manufacturers Association (NEMA)
5.1.2 International Electro-Technical Commission (IEC)
5.2 By Operating Voltage
5.2.1 Low Voltage Intelligent MCCs
5.2.2 Medium Voltage Intelligent MCCs
5.3 By Means of Mitigation
5.3.1 Arc-Flash Mitigation
5.3.2 Non-Flash Mitigation
5.4 By Components
5.4.2 Starters & Amp Switches
5.4.3 Frequency Drives
5.4.6 Networked Components
5.4.7 Others (Visualization Systems, Soft Starters)
5.5 By End-User Industry Verticals
5.5.3 Food & Beverages
5.5.4 Mining & Metals
5.5.5 Pulp & Paper
5.5.6 Power Generation
5.5.7 Oil & Gas
5.5.8 Others (Cement Manufacturing, Waste Water Management etc.)
5.6 By Geography
5.6.1 North America
5.6.2 Latin America
5.6.5 Middle East and Africa
6. Vendor Market Share Analysis
7. Key Market Players
7.1 Rockwell Automation
7.2 Eaton Corporation
7.3 Schneider Electric
7.4 Emersion Electric
7.5 Siemens AG
7.6 Danaher Motion
7.7 ABB Group
7.8 Mitsubishi Electric
7.9 Larson & Turbo Limited
7.10 Pima Controls
7.11 Togami Electric
7.12 General Electric Industrial Solutions
8. Investment Outlook
9. Future of Intelligent MCC