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Research analysis on the global motor protection circuit breakers market identifies that the rising demand for intelligent motor control centers will be one of the major factors that will have a positive impact on the growth of the market. These intelligent motor control centers provide real-time monitoring, access from anywhere in the facility, process supervising, and advanced diagnostics. Additionally, these intelligent sensors offer remote diagnostic competencies as well as loss detection and predictive maintenance features, such wide features will propel the market growth for motor protection circuit breakers market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 4% by 2021.
In terms of geography, the Americas accounted for the highest market share in 2016. The increasing power industry will increase the demand for renewable energy solutions which will increase demand for hydropower plants and solar energy units. Additionally, the increasing automotive industry in the region has led to the increasing demand for safety in workplaces and the need to reduce downtime which will drive the growth of the motor protection circuit breakers market in the region during the forecast period.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by type
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
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