Intelligent Motor Control Center (IMCC) Market Report: Trends, Forecast and Competitive Analysis to 2030

Intelligent Motor Control Center (IMCC) Trends and Forecast

The future of the global intelligent motor control center (IMCC) market looks promising with opportunities in the oil & gas, power generation, mining & metal, automotive, and pulp and paper markets. The global intelligent motor control center (IMCC) market is expected to reach an estimated $6.5 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are rising investments by companies in smart manufacturing facilities, growing demand for energy-efficient and reliable motors across various industries ,and increasing popularity of renewable energy sources.

A more than 150-page report is developed to help in your business decisions.

Intelligent Motor Control Center (IMCC) by Segment

The study includes a forecast for the global intelligent motor control center (IMCC) by type, application, and region.

Intelligent Motor Control Center (IMCC) Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Low Voltage IMCC
• Medium Voltage IMCC
• High Voltage IMCC

Intelligent Motor Control Center (IMCC) Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Oil & Gases
• Power Generation
• Mining & Metals
• Automotive
• Pulp and Papers
• Others

Intelligent Motor Control Center (IMCC) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Intelligent Motor Control Center (IMCC) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies intelligent motor control center (IMCC) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the intelligent motor control center (IMCC) companies profiled in this report include-

• ABB
• Eaton
• Siemens
• General Electric
• Schneider Electric
• Rockwell Automation
• Fuji Electric
• Mitsubishi Electric
• Gemco Controls
• Technical Control Systems
• Hyosung

Intelligent Motor Control Center (IMCC) Market Insights

Lucintel forecasts that low voltage IMCC will remain the largest segment over the forecast period due to its growing usage to control and monitor the operation of low voltage motors.

Within this market, automotive will remain the largest segment over the forecast period due to growing demand for autonomous vehicles and rising number of accidents caused by human errors.

North America will remain the largest region over the forecast period due to growing investments and rising favorable government initiatives for energy efficiency in the manufacturing sectors.

Features of the Global Intelligent Motor Control Center (IMCC) Market

Market Size Estimates: Intelligent motor control center (IMCC) market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Intelligent motor control center (IMCC) market size by type, application, and region in terms of value ($B).

Regional Analysis: Intelligent motor control center (IMCC) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the intelligent motor control center (IMCC) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the intelligent motor control center (IMCC) market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the intelligent motor control center (IMCC) market size?

Answer: The global intelligent motor control center (IMCC) market is expected to reach an estimated $6.5 billion by 2030.

Q.2 What is the growth forecast for intelligent motor control center (IMCC) market?

Answer: The global intelligent motor control center (IMCC) market is expected to grow with a CAGR of 7.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the intelligent motor control center (IMCC) market?

Answer: The major drivers for this market are rising investments by companies in smart manufacturing facilities, growing demand for energy-efficient and reliable motors across various industries, and increasing popularity of renewable energy sources .

Q4. What are the major segments for intelligent motor control center (IMCC) market?

Answer: The future of the intelligent motor control center (IMCC) market looks promising with opportunities in the oil & gas, power generation, mining & metal, automotive, and pulp and paper markets.

Q5. Who are the key intelligent motor control center (IMCC) market companies?

Answer: Some of the key intelligent motor control center (IMCC) companies are as follows:

• ABB
• Eaton
• Siemens
• General Electric
• Schneider Electric
• Rockwell Automation
• Fuji Electric
• Mitsubishi Electric
• Gemco Controls
• Technical Control Systems

Q6. Which intelligent motor control center (IMCC) market segment will be the largest in future?

Answer: Lucintel forecasts that low voltage IMCC will remain the largest segment over the forecast period due to its growing usage to control and monitor the operation of low voltage motors.

Q7. In intelligent motor control center (IMCC) market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing investments and rising favorable government initiatives for energy efficiency in the manufacturing sectors.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the intelligent motor control center (IMCC) market by type (low voltage IMCC, medium voltage IMCC, and high voltage IMCC), material (oil & gases, power generation, mining & metals, automotive, pulp and papers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?