India Motor Control Centers Market to Register Steady Growth During Forecast Period
Growing demand for industrial automation is expected to drive
the growth of India motor control centers market
According to
TechSci Research report, “India Motor Control Centers Market By Type, By Voltage, By
Component, By Standard, By End User Industry, By Region, Competition, Forecast
& Opportunities, 2025” the India motor control centers market is expected to grow
at a steady rate during the forecast period owing to the continuous
upgradation in the power infrastructure in the country. However, fluctuation in
material costs and new product developments can hamper the growth of market
during forecast period.
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The India
motor control centers market is segmented based on type, voltage, component,
standard, end user industry, company and regional distribution. Based on
component, the market can be fragmented into busbars, overload relays, variable
speed drives, soft starters, and others. The busbars segment is expected to
hold significant market share on account of the flexibility, efficiency, reliability
of busbars. Based on standard, the market can be categorized into IEC, NEMA and
others. The IEC segment is expected to witness significant growth during the
forecast period. This can be accredited to the adoption of increased efficiency
and low power consuming electrical equipment throughout the country.
Larsen & Toubro
Limited, Vidhyut Power Private Limited, Rockwell Automation India Pvt. Ltd.,
ABB India Ltd., Siemens India, Schneider Electric India Pvt. Ltd., Eaton India,
Fuji Electric India Pvt. Ltd, Mitsubishi Electric India Pvt. Ltd., Rittal India
Pvt. Ltd. and others are some of the leading players operating in India motor
control centers market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“India motor
control centers market is projected to witness significant growth during the
forecast years owing to the increasing industrialization and electricity demand.
Additionally, increasing power generation capacity additions and
industrialization projects in the country are further expected to propel the
market during the next five years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Motor Control Centers Market By Type,
By Voltage, By Component, By Standard, By End User Industry, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated
the future growth potential of India motor control centers market and provides
statistics & information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India motor control centers market.
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