Europe Motor Controller Market Outlook and Strategic Insights by 2028
Historic Data: 2018-2019 | Base Year: 2020 | Forecast Period: 2021-2028Europe Motor Controller Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Motor Type (AC Motor and DC Motor), Output Power Range (Below 0.5 HP, 0.6 - 1.0 HP, 1.0 - 3.0 HP, and Above 3.0 HP), Voltage Type (Below 1 kV Motors, 1 kV–6.6 kV Motors, and More than 6.6 kV Motors), and End-User (Industrial, Commercial, Residential, Agriculture, and Transportation)
- Report Date : May 2021
- Report Code : TIPRE00022096
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 137
The Europe motor controller market is expected to grow from US$ 787.34 million in 2020 to US$ 1,369.05 million by 2028; it is estimated to grow at a CAGR of 7.5 % from 2021 to 2028.
The UK, Germany, France, Italy, and Russia are major economies in Europe. Surging investments in FMCG sector will drive the Europe motor controller market. A rising number of manufacturing plants in Europe owing to favorable government policies and skilled workers availability is bolstering the demand for motor controller. In addition, the availability of many rich talent pool of skilled workers, including researchers and engineers, at low costs is attracting global manufacturing players to set up their plants in several developing countries across Europe, which helps them lower their operational costs significantly. Further, rising consumption of fast-moving consumer goods in developing countries across Europe owing to the increased per capita income and growing populations is attracting goods manufacturers to set up factories in developing countries to address the local market demand. The growing number of manufacturing plants in these Europe countries is resulting in the elevated demand for motor controllers to ensure energy conservation throughout the operations, which will escalate the Europe motor controller market.
Further, 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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe motor controller market. The Europe motor controller market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Motor Controller Market Segmentation
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
Europe Motor Controller Market -Companies Mentioned
- ABB Ltd.
- AMETEK Inc.
- Eaton Corporation plc
- General Electric Company
- Microchip Technology Inc.
- Nidec Corporation
- Parker-Hannifin Corporation
Europe Motor Controller Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 787.34 Million |
| Market Size by 2028 | US$ 1,369.05 Million |
| Global CAGR (2021 - 2028) | 7.5 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Motor Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- ABB Ltd.
- AMETEK Inc.
- Eaton Corporation plc
- General Electric Company
- Microchip Technology Inc.
- Nidec Corporation
- Parker-Hannifin Corporation
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