Motor Controller Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Motor Type (AC Motor and DC Motor), DC Motor (Brushed DC Motor Market and Brushless DC Motor Market), 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), and End-User (Industrial, Commercial, Residential Transportation, and Agriculture)
Publication Month: Apr 2021 | Report Code: TIPRE00021608 | No. of Pages: 132 | Category: Electronics and Semiconductor | Status: Published
The motor controller market was valued at US$ 2,800.7 million in 2020 and is projected to reach US$ 4,674.1 million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.
The global motor controller market is segmented into five major regions—North America, Europe, APAC, MEA, and SAM. One of the key factors driving the growth of the motor controller market is the growing adoption of advanced and automated processes in the manufacturing sector coupled with rising penetration of automation in developing region. Industries across the world has been experiencing rapid developments in terms of manufacturing and technology. In this course, the automobile manufacturers are upgrading systems, adding inspection and networking capabilities, and taking advantage of integration technologies to produce a better and cheaper product in lesser time. There is a high demand for direct-drive and servo motors in appliances, e-mobility applications, and Automated Guided Vehicles (AGVs) that are expected to play a significant role in instigating product demand. Additionally, rising demand for electric vehicles and the implementation of stringent government regulations about the use of energy-efficient products are expected to bolster the market growth during the forecast period. Moreover, motor controller devices help enhance the efficiency of production processes and manufacturing facilities in the automotive industry and developing countries such as India, China, Brazil, and Taiwan are adopting advanced motor controller system in their manufacturing industries to produce energy efficient products.
Impact of COVID-19 Pandemic on Motor Controller Market
The COVID-19 pandemic continues to limit the growth of the overall manufacturing industries owing to disruption in supply chain activities and shutdown of international trade by several countries. As a result, various countries have witnessed drop in the demand for automation products such as elevator control, assembly/packaging equipment, robotics, and flight control systems, which has subsequently negatively affected the performance of the motor controller industry.. Thus, the market is projected to recover in the coming months.
Lucrative Regions for Motor Controller Market
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Market Insight - Motor Controller Market
Rising investments in electric motor vehicles are fostering the demand for motor controllers. Many automotive companies are on the verge of beginning the large-scale manufacturing of electric motor vehicles. In 2019, Ford Motor Co. announced its pace of producing electric motors at its Van Dyke Transmission plant in suburban Detroit. The company is planning to spend ~USD 11.5 billion on electric and hybrid vehicles through 2022; as part of this, the company is expected to deliver 40 electrified vehicles, including 16 completely electric ones. Such ongoing investments on electric vehicle development and production are bolstering the demand for advanced motor controller devices.
Motor Type Segment Insights
Motor controller devices mainly coordinate in predetermined manner the performance of electric motor. A motor controller includes a manual or automatic means for starting and stopping the motor, selecting forward or reverse rotation, selecting and regulating the speed, regulating or limiting the torque, and protecting against overloads and electrical faults. Based on motor type, the motor controller market is bifurcated into on AC Motor and DC Motor.
DC Motors Segment Insights
By DC motors, the brushless DC motor market segment dominated the global motor controller market with 70.39% share in 2020. Also, the same segment is anticipated to continue its dominance during the forecast period to account for 70.19% of the market share by the end of 2028.
Output Power Range Segment Insights
Based on output power range, the 0.6–1.0 HP segment dominated the global motor controller market with 40.94% share in 2020. Also, the same segment is anticipated to continue its dominance during the forecast period to account for 42.21% of the market share by the end of 2028.
Voltage Type Segment Insights
Based on voltage type,the Below 1 kV Motors segment dominated the global motor controller market with 51.74% share in 2020. Also, the same segment is anticipated to continue its dominance during the forecast period to account for 54.57% of the global market share by the end of 2028.
End-User Segment Insights
By end-user, the industrial segment dominated the global motor controller market with 38.66% share in 2020. Also, the same segment is anticipated to continue its dominance during the forecast period to account for 35.01% of the market share by the end of 2028.
Motor Controller Market, by Motor Type (% share)
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Strategic Insights
The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
The global Motor Controller market has been segmented as follows:
Motor Controller Market– by Motor Type
- AC Motor
- DC Motor
Motor Controller Market– by DC Motor
- Brushed DC Motor Market
- Brushless DC Motor Market
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
Motor Controller Market – by Voltage Type
- Below 1 kV Motors
- 1 kV–6.6 kV Motors
- More than 6.6 kV
Motor Controller Market– by End-User
- Industrial
- Commercial
- Residential
- Transportation
- Agriculture
Motor Controller Market – by Region
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Motor Controller Market – Companies Profiles
- ABB Ltd.
- AMETEK Inc.
- Eaton Corporation plc
- General Electric Company
- ANAHEIM AUTOMATION, INC
- ARC SYSTEMS INC
- ErieTec Inc
- Microchip Technology Inc.
- Nidec Corporation
- Parker-Hannifin Corporation
Frequently Asked Questions
The List of Companies - Motor Controller Market
- ABB Ltd.
- AMETEK Inc.
- Eaton Corporation plc
- General Electric Company
- ANAHEIM AUTOMATION, INC
- ARC SYSTEMS INC
- ErieTec Inc
- Microchip Technology Inc.
- Nidec Corporation
- Parker-Hannifin Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Motor Controller Market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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