Press Release

India Motor Control Center Market Pegged to Reach $ 582 Million by 2025

Growing urbanization and industrialization, rising use of electric motors in key industries, increasing demand for industrial automation and mechanization, expansion of manufacturing sector, among other factors to drive Indian motor control center market through 2026

According to TechSci Research report, India Motor Control Center Market By Type, By Voltage, By Component, By Standard, By End User Industry, By Region, Competition, Forecast & Opportunities, 2015-2026, the motor control center market in India is forecast to reach $ 582 million by 2026 on account of growing urbanization and industrialization, increasing demand for industrial automation and mechanization, increased industrial plant uptime, and rising use of electric motors in key industries such as chemicals & petrochemicals, power generation, metals and mining, etc. India motor control center market can be segmented based on type, voltage, component, standard, end user industry and region. In terms of type, the market can be bifurcated into conventional and intelligent segments, with the former segment dominating the market in 2020. Nevertheless, intelligent motor control center market is expected to grow at a higher rate due to its remote diagnostic capabilities and advanced features such as loss detection and predictive maintenance. Based on voltage, the market can be segmented into low, medium and high voltage segments. Low voltage motor control centers are highly preferred in India due to their widespread adoption in various industries. On the basis of standards, the motor control center market in India is segmented into IEC, NEMA and others, with IEC being the widely used standard for motor control centers in the country.

In terms of end user industry, motor control center market is segmented into Oil & Gas, Chemical & Petrochemicals, Energy & Utilities, Mining & Metals, Others. Oil and gas industry accounted for the largest share in the country’s motor control center market, however, the Energy & Utilities and Mining & Metals segments are expected to take the lead during the forecast period.

Browse 33 market data Figures and Tables spread through 70 Pages and an in-depth TOC on "India Motor Control Center Market "

https://www.techsciresearch.com/report/india-motor-control-centers-market/4471.html


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., and Rittal India Pvt. Ltd are among the leading players operating in India motor control center market. Key players operating in the market are using organic strategies such as product advancements through addition of new features, as well as mergers and collaborations to boost their market share. With rising urbanization and industrialization in India, demand for motor control centers would continue to grow in the coming years. Moreover, growing awareness and regulations pertaining to energy saving is further expected to propel the market demand over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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India Motor Control Center Market By Type, By Voltage, By Component, By Standard, By End User Industry, By Region, Competition, Forecast & Opportunities, 2015-2026” has evaluated the future growth potential of India motor control center 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 center market.

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Growing urbanization and industrialization, rising use of electric motors in key industries, increasing demand for industrial automation and mechanization, expansion of manufacturing sector, among other factors to drive Indian motor control center market through 2026

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