Europe Motor Controller Market is expected to reach US$ 1,369.05 million by 2028

0.6 - 1.0 HP Segment to Dominate Europe Motor Controller Market during 2020–2028

According to The Insight Partners market research study on “Europe Motor Controller Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Motor Type, Output Power Range, Voltage Type, and End-User,” is expected to reach US$ 1,369.05 million by 2028 from        US$ 787.34 million in 2020. The market is estimated to grow at a CAGR of 7.5 % from 2021 to 2028. The report provides trends prevailing in the Europe motor controller market along with the drivers and restraints pertaining to the market growth. Surging investments in FMCG sector and growing adoption of advanced and automated process in the factory and plants are the major factor driving the growth of the Europe motor controller market. However, high cost of direct control (DC) motor hinders the growth of Europe motor controller market.      

In case of COVID-19, Europe is highly affected specially the UK. In Europe, several countries suffered the decline in business activities, especially in the manufacturing industries, due to low production of automation equipment in the first two quarters of 2020. Many of the European Union (EU) member states have imposed drastic measures on controlling manufacturing activities and partially closed their borders, which lowered the demand for automation in various industries. This is anticipated to hinder the motor controller market growth in Europe. The impact of COVID-19 varies from country to country in Europe; selective countries witnessed a surge in the number of confirmed cases, which subsequently led their governments to impose stringent lockdown for extended period; they also circulated stringent social isolation guidelines, which resulted in the disruption of consumer electronics businesses. The lockdown impositions are limiting the motor controller market in Europe due to disruptions in electric vehicle and other manufacturing industries across selected countries. However, several countries have begun to resume their manufacturing activities, which is supporting the motor controller market growth. Thus, the market is projected to recover steadily during the later forecast period.

The Europe motor controller market is segmented into the motor type, output power range, voltage type, end-user, and country. Based on motor type, Europe motor controller market is segmented into AC motor and DC motor. The AC motor segment dominated the Europe motor controller market in 2020 and DC motor is expected to be fastest growing during forecast period. Further, DC motor segment is segregated into the brushed DC motor and brushless DC motor. The brushless DC motor dominated the market in 2020.  Based on output power range, Europe motor controller market is segmented into below 0.5 HP, 0.6 - 1.0 HP, 1.0 - 3.0 HP, and above 3.0 HP. The 0.6 - 1.0 HP segment dominated the Europe motor controller market in 2020 and 1.0 - 3.0 HP segment is expected to be fastest growing during forecast period. Based on voltage type, Europe motor controller market is segmented into the below 1 kV motors, 1 kV–6.6 kV motors, and more than 6.6 kV. The below 1 kV motors segment dominated the Europe motor controller market in 2020 and is expected to be fastest growing during forecast period. Based on end-user, market is segmented into the industrial, commercial, residential, agriculture, and transportation. The industrial segment dominated the market in 2020 and agriculture segment is expected to be fastest growing during forecast period.

ABB Ltd., AMETEK Inc., Eaton Corporation plc, General Electric Company, Microchip Technology Inc., Nidec Corporation, and Parker-Hannifin Corporation are among some of the leading companies in the Europe motor controller market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Nidec Motion Control has completed the acquisition of Roboteq. Roboteq’s products are found in warehouse, security, agricultural, and cleaning robots.

The report segments the Europe Motor Controller Market as follows:

Europe Motor Controller Market – By Motor Type

• AC Motor
• DC Motor
  • Brushed DC Motor
  • Brushless DC Motor

Europe Motor Controller Market – By Output Power Range

• Below 0.5 HP
• 0.6 - 1.0 HP
• 1.0 - 3.0 HP
• Above 3.0 HP

Europe Motor Controller Market – By Voltage Type

• Below 1 kV Motors
• 1 kV–6.6 kV Motors
• More than 6.6 kV Motors

Europe Motor Controller Market – By End-User

• Industrial
• Commercial
• Residential
• Agriculture 
• Transportation

Europe Motor Controller Market – By Country

• Germany
• UK
• France
• Italy       
• Russia
• Rest of Europe