MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Motor Control Centers
Overview
Market size
$6.0B
global, USD
CAGR
4.7%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
5
tracked players
Signals
12
3 high severity
Market outlook
2031$7.5B
What changed
Demand by region
Asia Pacific demand35%
Europe demand30%
North America demand25%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Electrical and electronic components35%
Copper and busbars25%
Steel fabrication and enclosures15%
Direct assembly labor15%
Overhead and logistics10%
share of delivered cost (analyst estimate)