Evolving Trends in the Motor Control Centers Market, Forecast to 2024
The global motor control centers market is expected to grow from an estimated size of USD 5.3 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 5.0% during the forecast period. The growing demand for industrial automation in developed regions and the increased use of electric motors are some of the factors driving the growth of the motor control centers market.
Market Ecosystem:
The...