Motor Control Centers Market: Global Industry Analysis, Opportunity AssessmentPosted by kiran magdum on July 16th, 2021 Market Highlights:
The need for continuous uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure is expected to drive the growth of the global motor control centers market.
Key Players: The key players of Global Motor Control Centers Market are General Electric (U.S.), Siemens AG (Germany), ABB, Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation (U.S.), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Larsen & Toubro Limited (India), Technical Control Systems Ltd. (U.K), and WEG S.A. (Brazil). Market Research Analysis: Industrial Segment of Motor Control Center is Expected to Grow at the Highest Rate in the Motor Control Centers Market from 2017-2023
Busbars Segment of Motor Control Center is Expected to Grow at the Highest Rate in the Motor Control Centers Market from 2017-2023 The busbars segment of the motor control centers market, by component, accounted for the largest market size in 2016 and is expected to dominate the market during forecast period. Busbars are the prime current carrying constituents of motor control centers. The growth in the flexibility, proficiency, and consistency of busbars have led to the rising demand for busbars in the motor control centers market.
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