Intelligent Motor Control Centers Market Growth to Catapult in APAC

Aug 8, 2019

The IMCC market is poised to attain a valuation of $5164.76m by the end of 2023 and market size will grow at a CAGR of 8.6% during the forecast period 2018-2023.

Hyderabad, India - August 8, 2019 /MarketersMedia/ —

According to findings documented in the World Oil Outlook 2018 by the Organization of Petroleum Exporting Countries (OPEC), the worldwide energy demand is expected to rise from 276 mboe/d in 2015 to 339.4 mboe/d in 2030. This will lead to an increase in demand for the oil and gas industry, which forms a major segment of the energy industry. Oil and gas refineries work with digital control systems (DCS), which are incorporated with intelligent motor control centers (IMCC). The rise in production of oil and gas will support the IMCC market, which is poised to attain a valuation of $5164.76m by the end of 2023. The IMCC market size will grow at a CAGR of 8.6% during the forecast period 2018-2023, according to a recently published market intelligence report by IndustryARC.

The report titled, “Intelligent Motor Control Centers (IMCC) Market: By Voltage (Low, Medium); By Standards (NEMA, IEC); By Sales Channel, Protection; By Components (Contactor Relays, Starters & over Load Relays, Solid State, Variable Frequency drives, Soft Starters, Network Components, Visualization Systems and Software); By End user industry (Oil & Gas, Mining & Metals, Power Generation, Pulp & Paper, Water & Waste Water, F & B, Automotive, Ship Building, Transport, Cement Manufacturing, Petrochemicals, Semiconductor Manufacturing, Pharmaceutical and Others); By Geography - (2018-2023)” comprises of the facts, figures, and statistics that will provide a peek into dynamics of the IMCC market. Furthermore, the report contains foreseeable trends, challenges, and opportunities for the forecast period. The report covers IMCC Market size by type and applications, IMCC Market share by top 5 companies and also the market share by start-ups during the forecast period.

View full table of content of Intelligent Motor Control Centers (IMCC) Market
https://www.industryarc.com/Report/10636/intelligent-motor-control-centers.html

Report Price (Single User): US $3850

IMCC Market: Geographical Analysis & Leading Segments

The Americas led the IMCC market in 2017, with a share of $1442.29m, owing to application across a wide range of industries in Canada, Mexico, and the U.S., where DCS has successfully penetrated operations. On the other hand, the APAC region is expected to observe a surge in demand for IMCC, which will aid the IMCC market to grow at a CAGR of 15.95% during the forecast period 2018-2023. The projected growth in the APAC region is due to an influx in demand from the oil and gas industry, which is expected to boom in countries such as India and China.
The key application segment for the IMCC market is the oil and gas industry, which is expected to grow at a CAGR of 9.32%. The mining and metals industry is also creating significant demand for the IMCC market, through increasing automation in the metal manufacturing process.

IMCC Market: Trends and Growth Drivers

• Reduced Installation Cost and Time –
IMCCs are preconfigured, pretested, and ready-to-install systems. On the other hand, conventional MCCs take time to install; thereby shooting up installation costs. Moreover, in IMCC, cabling cost is lesser as compared to conventional MCCs. Reduced installation cost and time is a major driver behind increasing revenue for the IMCC market.

• Reduced Labor Cost and Energy Efficiency –
IMCC software is incorporated with all the facilities for monitoring, configuration, and reconfiguration of devices; which reduce the need for human interference in setting up the system. Furthermore, IMCCs also have troubleshooting functionalities which reduce the downtime. The demand for IMCCs is also growing in large part due to its advanced energy management capabilities, which ensure lower energy consumption as compared to more conventional systems.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=10636

IMCC Market: Competitive Landscape

Some key companies identified in the IMCC market intelligence report are Eaton Corporation, Inc., Schneider Electric SE, Siemens AG, Rockwell Automation, Inc., General Electric Company, ABB, COMECA, and others.

Related Reports:

A) Factory Automation Mechanical Component Market
https://www.industryarc.com/Report/196/factory-automation-mechanical-products-market-analysis.html

B) Industrial Motors Market
https://www.industryarc.com/Report/7383/industrial-motors-market-report.html

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 614-588-8538
Website: https://www.industryarc.com/Domain/10/industrial-automation-instrumentation-market-research.html

Source URL: https://marketersmedia.com/intelligent-motor-control-centers-market-growth-to-catapult-in-apac/88905299

Source: MarketersMedia

Release ID: 88905299

More News

Upbit adds AI tools that explain crypto price moves

Oct 2, 2026

Upbit adds AI tools that explain crypto price moves

Dunamu, the operator of Korea’s largest cryptocurrency exchange Upbit, said Friday that it expanded its artificial intelligence (AI)-powered market analytics platform with real-time tools that summarize broad market trends and pinpoint the reasons behind price movements for individual digital assets. Upbit Data Lab, launched in April 2025, is the exchange's analytics platform offering crypto indexes, sector data and blockchain analysis. The new "AI Market Report" is a video of 90 seconds or less that draws on the Upbit composite index, major asset prices, top gainers and losers, and market sentiment indicators, with AI selecting key issues based on price moves and market impact. It is released at 10 a.m. on weekdays on Upbit Data Lab and Upbit's official YouTube channel. A second new service, "Uptrace," tracks price data and related news for individual assets to identify the main factors behind price changes. Users can click diamond-shaped icons on an asset's chart to see the AI analysis and related news for that point in time. Dunamu also reorganized its existing "AI News Briefing" in

Samsung Galaxy A08 brings Gemini, Perplexity, and a 6,000mAh battery at under S$300

Oct 2, 2026

Samsung Galaxy A08 brings Gemini, Perplexity, and a 6,000mAh battery at under S$300

You don’t have to break the bank to keep up with the latest Samsung phone features.

Huawei Mate 90 series gets all-around upgrades in camera and display features

Oct 2, 2026

Huawei Mate 90 series gets all-around upgrades in camera and display features

Some variants of Huawei Mate 90 series phones use the new Kirin 9050 Pro processor, which is built upon Huawei’s new LogicFolding Tau chip architecture.

Vivo’s new X Fold6 bucks the passport foldable trend with ZEISS cameras

Oct 2, 2026

Vivo’s new X Fold6 bucks the passport foldable trend with ZEISS cameras

Vivo has unveiled the X Fold6 globally, combining a book-style foldable design with flagship hardware and a ZEISS-powered camera system.

WhatsApp brings parental controls for teens and pre-teens to Singapore

Oct 2, 2026

WhatsApp brings parental controls for teens and pre-teens to Singapore

WhatsApp’s new parental controls are designed to give parents more oversight while keeping teens’ personal messages private.

Napoleon’s 217-year-old coded message ‘cracked by AI’

Oct 1, 2026

Napoleon’s 217-year-old coded message ‘cracked by AI’

The contents of the letter had remained a mystery since it was sent to one of his senior generals in 1809.

Beyond sponsorship, companies provide technology to sports

Oct 1, 2026

Beyond sponsorship, companies provide technology to sports

Behind Korea’s medal-winning athletes are companies that have been in the sports realm for decades, turning sponsorship into technology, training and long-term support. The approach reflects a major shift in how conglomerates are shaping their support for athletics: Sponsorship is increasingly being used to build a long-term relationship with a sport, rather than simply gaining exposure around major competitions. At the 2026 Aichi-Nagoya Asian Games, Korean fencing once again showed the value of that commitment. The national team won 10 medals across men’s and women’s sabre, epee and foil, including four golds. SK Telecom has been backing Korean fencing for 24 years, but its role has evolved far beyond financial support. As the Korean Fencing Federation’s lead sponsor since 2003, the telecom operator has invested 36 billion won ($26.5 million) in the sport, supporting training equipment, overseas competitions and international events. This year, it added artificial intelligence (AI) to that partnership. The Fencing AI Nexus system, developed by the company, uses computer vision an

Korea, US unveil 3 investments in energy projects

Oct 1, 2026

Korea, US unveil 3 investments in energy projects

Seoul and Washington unveiled plans for three investment projects in the United States — a $22.3 billion Texas gas-fired power plant for data centers, a framework to build eight large nuclear reactors and a review of an Alaska liquefied natural gas (LNG) project. The projects are part of a $200 billion investment commitment under a Korea-U.S. agreement signed in November 2025, with the two governments seeking to expand cooperation in energy and other strategic industries while creating new openings for Korean suppliers in the U.S. market. "The colossal package of investments we are announcing today is a major step toward securing our critical energy supply chain, ensuring American energy dominance, and making our partnership with South Korea and the entire Pacific region stronger than ever before," U.S. President Donald Trump said during a press conference in Washington, Wednesday (local time). The Texas power plant project, dubbed Project Star, calls for a 6,472-megawatt combined-cycle gas power plant in Encinal to supply electricity directly to artificial intelligence (AI) data cent

AMCHAM, KCCI urge Korean firms to seize US opportunities

Oct 1, 2026

AMCHAM, KCCI urge Korean firms to seize US opportunities

Korean companies are advised to expand their operations in the United States, as bilateral economic ties increasingly extend beyond trade to investment, technology and supply-chain resilience, the American Chamber of Commerce in Korea (AMCHAM) said Wednesday. The U.S. business lobby and the Korea Chamber of Commerce and Industry (KCCI) discussed opportunities and challenges of Korean firms when they expand investment and operations in America during the eighth annual Doing Business in the U.S. Seminar. The seminar was held as part of a special program marking the 250th anniversary of U.S. independence. AMCHAM Chairman James Kim said the economic relationship between the two countries is increasingly driven by the aforementioned sectors, rather than trade alone. “The next chapter of the U.S.-Korea economic partnership will be defined not simply by how much we trade, but by how much we build, invest, innovate and grow together,” Kim said. KCCI Executive Vice Chairman Kim Jeong-il emphasized the need for Korean companies to understand local regulations and business conditions, while buil

SK hynix reiterates no decision on Solidigm's US IPO

Oct 1, 2026

SK hynix reiterates no decision on Solidigm's US IPO

SK hynix said Thursday it is reviewing various funding options for its U.S. subsidiary Solidigm but that no decision has been made, reiterating its previous position on reports of a possible U.S. listing. Reports circulated that Solidigm is considering an initial public offering (IPO) in the United States as early as next year that could value the subsidiary at up to $150 billion. "We are reviewing various measures to strengthen Solidigm's competitiveness, but our position remains unchanged and that nothing has been decided," the South Korean chipmaker said in a press release. SK hynix said it continues to review the need for investments to secure Solidigm's production capacity and technological competitiveness. "Capital utilization plans related to Solidigm will be reviewed comprehensively, taking into account the company's overall investment plans, financial condition and capital allocation," the company said. SK hynix added that it would "carefully review potential impacts on existing shareholders and evaluate necessary measures to protect their interests."

LS Electric wins $133 mil. transformer deal in US

Oct 1, 2026

LS Electric wins $133 mil. transformer deal in US

LS Electric Co., a Korean electrical equipment maker, said Thursday it has secured a 180 billion-won ($133 million) contract to supply ultra-high-voltage transformers to a major U.S. technology company. The company said it will supply 345-kilovolt transformers for a hyperscale artificial intelligence (AI) data center project being developed by the unidentified U.S. company and scheduled for completion by 2030. Investment in power infrastructure across North America is rapidly increasing amid rising electricity demand driven by the expansion of AI and cloud computing, LS Electric said. The U.S. market for data center power infrastructure is projected to grow at an average annual rate of 16 percent, from 13 trillion won in 2025 to 56 trillion won in 2035. "The latest contract is expected to help the company win further deals in the North American market," a company official said.

Trump-backed Alaska LNG revival still faces viability questions in Korea

Oct 1, 2026

Trump-backed Alaska LNG revival still faces viability questions in Korea

With a discrepancy emerging between Korea and the U.S. over a proposed investment of more than $50 billion in the Alaska liquefied natural gas (LNG) project, questions are growing over whether the project can generate sufficient commercial returns for Seoul. U.S. Secretary of Commerce Howard Lutnick said Wednesday (local time) Korea would invest about $54 billion (73.4 trillion won) in the Alaska LNG project, as part of Seoul's $200 billion investment package to Washington. The White House presented the project as a committed investment, while Korea has maintained that participation remains subject to further review of its “commercial reasonableness.” The gap is significant because Alaska LNG has spent more than a decade struggling to demonstrate that it can compete economically with LNG projects closer to major markets. The project would transport natural gas from Alaska’s North Slope through an approximately 1,300-kilometer pipeline to Nikiski, where it would be liquefied and exported primarily to Asian markets. Glenfarne Group owns 75 percent of the project alongside the state-ow

Recommended

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Scienfinite

Scienfinite publishes articles with a unique approach to inspire our readers with the aim to understand the world and appreciate its everyday awe.

Terms
Privacy Policy
Press
Advertisement
Contact

Copyright © 2015 - 2026 Scienfinite. All Rights Reserved.