Industrial Automation Magazine India

India Motor Control Centre Market Report 2020

Published on : Wednesday 18-11-2020

Market is projected to grow from dollar427 million in 2021 to dollar582 million by 2026.

Dublin, November 2020 – The ‘India Motor Control Centre Market, 2015-2026’ report has been added to ResearchAndMarkets.com's offering. Motor control centre market in India is projected to grow from $ 427 million in 2021 to $ 582 million by 2026

Anticipated growth in the Indian Motor Control Centre Market can be attributed to growing urbanisation and industrialisation, increasing demand for industrial automation and mechanisation, expansion of manufacturing sector, increasing industrial plant uptime, and rising use of electric motors in key industries such as chemicals & petrochemicals, power generation, metals and mining. Moreover, growing awareness and regulations pertaining to energy saving are further expected to positively influence the country's motor control centre market.

In terms of type, the market can be bifurcated into conventional and intelligent product type segments. In 2020, conventional motor control centres dominated the market, owing to the advantages offered by conventional motor control centres such as high level of safety, easy expansion and modification, quick and smooth maintenance, and high reliability and operability. However, intelligent motor control centre 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 to meet the industrial requirements.

Based on voltage segmentation, the market can be categorised into low, medium and high. Low voltage motor control centres are highly preferred in India because of their widespread adoption in various industries, which is likely to boost the demand for low voltage motor control centres during the forecast period. Low voltage motor control centres are mainly used in the chemicals and petrochemicals, paper and pulp, cement, food and beverage, automobile, oil and gas, cement, and textile industries.

In terms of end-user industry, motor control centre market is segmented into Oil & Gas, Chemical & Petrochemicals, Energy & Utilities, Mining & Metals, and Others. Until 2019, the oil and gas industry dominated the motor control centre market however, the segment is expected to witness a decline, owing to oil price downfall due to the negative effect of COVID-19. The oil price slump has resulted in cost cutting by oil and gas companies, which in turn is affecting the motor control centre market.

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 the Indian Motor Control Centre Market.