The 2023-2028 World Outlook for Intelligent Motor Control Centers

The 2023-2028 World Outlook for Intelligent Motor Control Centers

This study covers the world outlook for intelligent motor control centers across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

In this report we define the sales of intelligent motor control centers as including all commonly understood products and/or services falling within this broad category, such as destination spas and spa resorts which offer overnight-stay accommodation combined with spa services such as facials and related services provided by an esthetician, massages, hair styling, whirlpools, swimming pools, weight loss advice and programs, exercise programs, health and wellness advice, and other services intended for enhancing beauty, vitality, health, and relaxation, irrespective of product packaging, formulation, size, or form. Companies participating in this industry include ABB, Allis Electric, Eaton, Emersion Electric Company, Fuji Electric, Gemco Controls, General Electric Company, Hyosung, Larsen & Toubro, Mitsubishi Electric, Pima Controls, Rockwell Automation, Schneider Electric, Siemens, SIiemens AG, Technical Control Systems, Togami Electric, Vidhyut Control India, and WEG. In addition to the sources indicated, additional information available to the public via news and/or press releases published by players in the industry was considered in defining and calibrating this category. All figures are in a common currency (U.S. dollars, millions) and are not adjusted for inflation (i.e., they are current values). Exchange rates used to convert to U.S. dollars are averages for the year in question. Future exchange rates are assumed to be constant in the future at the current level (the average of the year of this publication's release in 2022).