Summary:

• The global motor control centers market size reached US$ 6.2 Billion in 2023.
• The market is expected to reach US$ 10.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
• On the basis of the region, the market has been divided into North America (United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others); and Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, and others).
• Based on the type, the market has been categorized into conventional and intelligent.
• On the basis of voltage, the market has been classified into low and medium voltage.
• Based on the component, the market has been divided into overload relays, circuit breakers & fuses, soft starter, busbars, variable speed drives, and others.
• On the basis of the end-use sector, the market has been bifurcated into industrial and commercial sectors.
• The rapid increase of industrial automation is a primary driver of the motor control centers market.
• The rising focus on energy efficiency among industries are further reshaping the motor control centers market size.