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Edition: 7; Released: January 2022
Executive Pool: 22122
Companies: 46 – Players covered include ABB Group; Eaton Corporation PLC; General Electric Company; Larsen & Toubro Ltd.; Rockwell Automation, Inc.; Schneider Electric SA; Siemens AG; Technical Control Systems, Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Component (Busbars, Circuit Breakers and Fuses, Overload Relays, Variable Speed Drives, Soft Starters, Other Components); End-Use (Oil & Gas, Mining and Metals, Utilities, Chemicals and Petrochemicals, Cement & Manufacturing, Food and Beverage, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Intelligent Motor Control Center Market to Reach $6.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Intelligent Motor Control Center estimated at US$5.1 Billion, is projected to reach a revised size of US$6.4 Billion by 2026, growing at a CAGR of 3.9% over the analysis period. Busbars, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$1.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Circuit Breakers and Fuses segment is readjusted to a revised 3.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026
The Intelligent Motor Control Center market in the U.S. is estimated at US$1.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.
Overload Relays Segment to Reach US$1.1 Billion by the year 2026
In the global Overload Relays segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$653.2 Million will reach a projected size of US$845.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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