Market Share of Intelligent Motor Control Center Industry
The Intelligent Motor Control Center (IMMC) Market is fragmented due to the presence of a large number of vendors in the market. The major players with a prominent market share are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
September 2022 - Renesas Electronics Corporation announced the development of RISC-V MCU specifically optimized for advanced motion control solutions. The new solution enables customers to benefit from a ready-to-use, turnkey solution for motor control applications with no development cost.
May 2022 - Toshiba Electronic Devices and Storage Corporation expanded its collaboration with MikroElektronika introducing the Clicker 4 for TMPM4K development board for motor control.
Intelligent Motor Control Center Market Leaders
General Electric Co.
ABB Limited
Schneider Electric SE
Eaton Corporation
Siemens AG
*Disclaimer: Major Players sorted in no particular order
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