ÌÇÐÄvlog´«Ã½

Intelligent Motor Control Center Market Analysis

The intelligent motor control center market is expected to register a CAGR of 9.82% over the forecast period. IMCCs offer many advantages to the users as they combine hardware, software, and communication systems. Piles of data generated by PLCs and motor starters are collected and analyzed to minimize the equipment downtime of the motors.

• With the rising labor costs and a highly competitive market, which has led to a low-profit margin for companies, the need for high-efficiency motors with improved control and automated systems has increased considerably.
• The impact on IMCCs, due to advancements in technology, made its components (electromechanical relays, circuit breakers, electronic devices, such as variable frequency drives) more robust, and in turn, increased the robustness of the IMCCs. The lifecycle of an IMCC is more than 20 years, which tremendously reduces the replacement rate of the equipment. Even in case of product defects, end users are likely to replace only the faulty components rather than the entire equipment, which results in the depletion of revenues in the market.
• Automation is a growing trend that is witnessed across various industries. OEMs, contractors, and facility and maintenance managers use intelligent motor control centers to accelerate project timelines, enhance personnel safety, reduce cost, and gain valuable insight into plant operations.
• The growing investments by companies in smart manufacturing facilities are further boosting the demand for intelligent motor control center markets. For instance, in September 2022, Schneider Electric laid the foundation of its smart factory in Telangana. The factory is spread over 18 acres, and it is built at the cost of INR 300 Crore (~USD 36.74 million). The facility is expected to be operational by September 2023.
• The outbreak of COVID-19 has forced the manufacturing industries to re-evaluate their traditional production processes, primarily driving digital transformation and smart manufacturing practices across production lines. The manufacturers are also forced to devise and implement multiple new and agile approaches to monitor product and quality control.
• Also, the pandemic's impact forced organizations to adhere to strict requirements while ensuring the safety of their employees and customers. As a result, the need for automated solutions has witnessed a sudden spike. This could be observed as a notable trend in the foreseeable future.

Intelligent Motor Control Center Market Trends

This section covers the major market trends shaping the Intelligent Motor Control Center Market according to our research experts:

Automotive End User to Account for Significant Share

Intelligent Motor Control Center Industry Segmentation

A motor control center (MCC) is an assembly of one or more enclosed sections having a shared power bus and principally containing motor control units. In other words, MCCs are a factory assembly of several motor starters. Network communication challenges and technological advancements revealed the need to integrate three primary system components: hardware, communications, and software. Next-generation, integrated, intelligent motor control centers (IMCCs) were introduced to match these growing demands.

The scope of the study includes the segmentation of intelligent motor control centers based on voltage type and their applications in various end-user industries. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyzes the overall impact of COVID-19 on the ecosystem. The scope of the report encompasses market sizing and forecast for segmentation by voltage type, end user, and geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.