Medium Voltage Motor Control Center Market - Advances in Protective Devices Promote Growth | Technavio
21 April 2018 - 10:16PM
Business Wire
Technavio’s latest market research report on the global
medium voltage motor control center (MCC) market provides an
analysis of the most important trends expected to impact the market
outlook from 2018-2022. Technavio defines an emerging trend
as a factor that has the potential to significantly impact the
market and contribute to its growth or decline.
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Technavio has published a new market
research report on the global medium voltage motor control center
market from 2018-2022. (Graphic: Business Wire)
According to Technavio market research analysts, the global
medium voltage motor control center market will grow at a CAGR of
around 6% during the forecast period. The advanced features
in intelligent medium voltage MCCs are a major factor driving the
market’s growth.
The advances in motor protective devices such as VFD’s fault
diagnostics aid in predictive maintenance, which ensures proper
functioning of motors. The use of medium voltage MCC provides
workers with protection from the rear, front, and sides of the MCC
enclosure, even with the control doors open. Intelligent MCCs come
with additional benefits such as real-time monitoring from any
place in the facility. They permit predictive maintenance, process
supervising, and advanced diagnostics. A built-in network assists
the intelligent MCCs. The network streamlines the design of the
MCCs, making the installation procedure convenient. Intelligent
medium voltage MCCs are designed to cope with any dirty and dusty
environment, and they do not get affected by environmental
changes.
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In this report, Technavio highlights the advances in protective
devices in MCC as one of the key emerging trends in the global
medium voltage motor control center market:
Advances in protective devices in
MCC
The technological advances in protective devices such as
variable frequency drives, circuit breakers, and relays have
enhanced the performance of the overall medium voltage MCCs.
Regenerative energy drives are compact drives with low harmonic
drives, which can help in providing the lost energy back to a
building's power grids. Motors usually generate energy that is
usually not tapped, resulting in the wastage of energy.
Regenerative energy drives assist in increasing power efficiently
and effectively in plants.
“The solid-state relays are used at places wherein circuits need
to be protected from electrical interferences. Using solid-state
relays provide benefits such as circuits having long operational
life, low electromagnetic interference or radio-frequency
interference, no contact bounce, fast response, and no moving
parts. Solid-state relays are used to interrupt the flow of
electricity in a manner, which is synchronous to the passing
sinusoidal AC current waveforms,” says a senior analyst at
Technavio for research on automation.
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Global medium voltage motor control
center market segmentation
This market research report segments the global medium
voltage motor control center market into the following
end-users (oil and gas industry, metal and mining industry,
utilities industry, and chemicals and petrochemicals industry) and
key regions (the Americas, APAC, and EMEA).
The oil and gas industry held the largest market share in 2017,
accounting for more than 32% of the market. The market share of
this segment is expected to increase by nearly 1% during the
forecast period.
The Americas was the leading region for the global medium
voltage motor control center market in 2017, accounting for a
market share of more than 36%. The Americas will continue to be the
leading contributor to the market during the forecast period. The
resurgence of offshore oil and gas activities in Mexico and Brazil
and increase in power generation capacity in the Americas will be
the significant market growth drivers.
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version on businesswire.com: https://www.businesswire.com/news/home/20180421005054/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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