Intelligent Motor Control Systems combine advanced system-wide communication capabilities of integrated architecture with intelligent motor control devices that enable to design single solution which helps to control, communicate and protect assets. The iMCC has full segregated power and control cable compartment for independent access. They also help the end-user industries to design an asset management strategy especially with the motor related issues.
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The iMCCs market generated revenue of around $2.45 billion in 2014 and is estimated to grow at a CAGR of 8.6% through 2020. The growing demand for open-network communication network systems and real-time diagnostic information generation systems is driving the demand for iMCCs primarily. Since iMCCs can monitor and diagnose equipment at any time from any location; this feature is driving the demand from the end-user industry also.
North America was the biggest market in 2014 followed by Asia-Pacific (APAC). The APAC region is poised to grow at the highest CAGR through 2020 due to rapidly developing infrastructure and increasing manufacturing industries in the region. The growing economy in the developing countries of the region is resulting in high demand for utilities such as oil & gas, minerals and also for power generation. This demand and supply gap can be reduced by the adaption of iMCCs which increase the productivity and efficiency of the operations of a plant without increasing the capital significantly.
The Intelligent Motor Control Centers market has been segmented based on the kind of voltage: Low Voltage iMCCs and Medium Voltage iMCCs. In 2014, the Low Voltage iMCCs segment accounted for the majority share. The Low Voltage iMCCs segment is further segmented based on the type of protection, namely: Arc-flash and Non-Flash iMCCs and also by their construction standards into NEMA and IEC. Medium voltage...