India Motor Control Center Market Analysis By Type, Size, Share, Trend, Competition, Future Growth, Opportunities and Forecast 2026
Motor control center market in India is projected to grow from $ 427 million in 2021 to $ 582 million by 2026. Anticipated growth in India motor control center market can be attributed to growing urbanization and industrialization, increasing demand for industrial automation and mechanization, 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 center market. India motor control center market can be segmented based on type, voltage, component, standard, end user industry and region. In terms of type, the market can be bifurcated into conventional and intelligent product type segments. In 2020, conventional motor control centers dominated the market, owing to the advantages offered by convent...