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Demand from Highly Critical Industries Drives Intelligent Motor Control Centres Market Finds Frost & Sullivan - The oil and gas, mining, water and wastewater, and chemicals sectors, in particular, are seeing steady uptake of iMCCs - Motors.Frost.com
Demand from Highly Critical Industries Drives Intelligent Motor Control Centres Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2014/11/11 - The oil and gas, mining, water and wastewater, and chemicals sectors, in particular, are seeing steady uptake of iMCCs - Motors.Frost.com.

   
 
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The increasing level of industrial automation is fuelling the global demand for motor control centres (MCCs). 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) with remote diagnostic capabilities as well as features such as loss detection and predictive maintenance are gaining traction especially in the oil and gas, mining, water and wastewater, and chemicals industries due to its ability to minimise maintenance costs, reduce equipment downtime, and ensure operator safety.

New analysis from Frost & Sullivan, Analysis of the Global Motor Control Centres Market, finds that the market earned revenues of $4.06 billion in 2013 and estimates this to reach $5.12 billion in 2018. The study covers low- and medium-voltage MCC.

While iMCCs are boosting overall market revenues, regular MCCs are witnessing a decline in revenue share due to the standardisation of safety features and performance. This has lessened differences between competitors’ products and resulted in price-based competition. 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,” said Frost & Sullivan Industrial Automation & Process Control Senior Research Analyst Krishna Raman. “With iMCCs set to play an important role in the future of the market, manufacturers have to focus on rolling out these products. Manufacturers must develop iMCCs that can be easily integrated with other communication networks to allow customers to move to an integrated enterprise ecosystem.”

In order to succeed globally, MCC manufacturers should also be able to meet multiple standards such as International Electrotechnical Commission and National Electrical Manufacturers Association. For tier-one companies that have already forayed into new regions, the maintenance of a robust product line and an extensive sales network will be key focus areas.

“Ultimately, high-quality, reliable offerings will help establish a strong brand name globally,” noted Raman. “To achieve this, MCC manufacturers need to possess sound technical skills and a thorough understanding of end-user requirements.”

For more information on this study, please email Julia Nikishkina, Corporate Communications, at julia.nikishkina[.]frost.com.

Analysis of the Global Motor Control Centres Market is part of the Power Transmission (motors.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Middle East Integral Horse Power Motors Market, Western European Electric Motors Market, Australia New Zealand Medium and High Voltage Motors Market, and North American Explosion Proof Motors Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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Analysis of the Global Motor Control Centres Market / MA54-17

 
 
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Demand from Highly Critical Industries Drives Intelligent Motor Control Centres Market Finds Frost & Sullivan

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Publisher Contact: Julia Nikishkina - Frost.com 
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