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Editing: seven; Published: January 2022
Executive Pool: 22122
Companies: 46 – Players covered include ABB Group; Eaton Corporation PLC; General electricity company; Larsen & Toubro Ltd. ; Rockwell Automation, Inc.; Schneider Electric SA; Siemens AG; Engineering Control Systems, Ltd. and others.
Cover: 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 and gas, mining and metals, utilities, chemicals and petrochemicals, cement and manufacturing, food and beverages, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; 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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Global Smart Motor Control Center Market to Reach $6.4 billion by 2026
Amid COVID-19 Crisis, Global Smart Motor Control Center Market Estimated at US$5.1 billionis expected 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 expected to register a CAGR of 4.4% and reach US$1.7 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Circuit Breakers & Fuses segment is readjusted at a revised CAGR of 3.3% for the next 7-year period.
The US market is estimated at $1.4 billion in 2021, when China is expected to reach $1.3 billion by 2026
The Intelligent Motor Control Center Market in the United States is estimated at US$1.4 billion in the year 2021. Chinathe second largest economy in the world, is expected to reach a projected market size of US$1.3 billion by 2026 at a CAGR of 7% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 1.2% and 3% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of around 2%.
Overload relay Segment to reach US$1.1 billion by 2026
In the global overload relay segment, UNITED STATES, Canada, Japan, China and Europe will drive the CAGR of 3.8% estimated for this segment. These regional markets representing a combined market size of US$653.2 million will reach a projected size of US$845.4 million at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. After
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About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.
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