Global demand for motor-control centers to reach $5.12 billion by 2018, says Frost & Sullivan
LONDON, 18 Dec. 2014. Global demand for motor-control centers will increase from $4.06 billion in 2013 to $5.12 billion in 2018, predict analysts at market researcher Frost & Sullivan in London.
The increasing level of industrial automation is fuelling the global demand for motor control centers (MCCs), analysts say. A MCC is an assembly of motor starters or overload protection devices such as contractors and/or overload relays that are connected by a common power bus bar so as to control several motors.
Intelligent MCCs (iMCCs), which offer remote diagnostic capabilities as well as features like loss detection and predictive maintenance -- are gaining traction especially in the oil and gas, mining, water and wastewater, and chemicals industries because of the ability of iMCCs to minimize maintenance costs, reduce equipment downtime, and ensure operator safety, analysts say.
The report entitled Analysis of the Global Motor Control Centers Market from Frost & Sullivan covers low- and medium-voltage MCCs.
While iMCCs are boosting overall market revenues, regular MCCs are witnessing a decline in revenue share because of the standardization of safety features and performance. This has lessened differences between competitors' products and resulted in price-based competition, analysts say.
In addition, the preference of end users in Russia, India, China, and Southeast Asia for switchgears to control motors and for overload protection in the medium-voltage segment is dampening MCC market growth.
"As the percentage of customers that purchase higher-priced iMCCs is expected to rise in the long term, the fall in MCC revenues will not be a concern much longer," says Krishna Raman, Frost & Sullivan industrial automation & process control senior research analyst.
"With iMCCs set to play an important role in the future of the market, manufacturers have to focus on rolling out these products.," Raman says. "Manufacturers must develop iMCCs that can be easily integrated with other communication networks to allow customers to move to an integrated enterprise ecosystem."
For more information contact Frost & Sullivan online at www.motors.frost.com.