Motor Control Centers Market Size

Motor Control Centers Market size is estimated to reach USD 18.31 Billion by the end of 2035, growing at a CAGR of 9.40% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of motor control centers was over USD 6.23 Billion.  The market growth is mainly owing to a number of factors, including the increasing demand for automation in industrial and commercial settings, the need for energy-efficient solutions to reduce operating costs, and the growing emphasis on safety and regulatory compliance. According to a report, the global industrial automation industry accounted for nearly USD 158 billion in the year 2020. The industry refers to the industry that produces and sells electrical devices that are used to control and monitor electric motors in industrial and commercial settings.

In addition to this, these centers typically include a combination of motor starters, contactors, circuit breakers, and other components that work together to ensure that motors are operated safely and efficiently. The global motor control centers market is also being driven by the increasing adoption of variable frequency drives (VFDs) in industrial and commercial applications. VFDs are used to control the speed and torque of electric motors, which can help to reduce energy consumption and extend the lifespan of the equipment. According to a report, the global industry of VFDs is projected to reach USD 25 billion by the year 2026. As VFDs become more widely adopted, the demand for motor control centers that can integrate with these devices is also likely to increase. Motor control centers that are designed to work with VFDs can help to optimize the performance and energy efficiency of motor-driven equipment, which can be particularly beneficial in applications where motors are used frequently or operate at varying speeds.