Publication Month: Apr 2021 | Report Code: TIPRE00021608 | No. of Pages: 132 | Category: Electronics and Semiconductor | Status: Published
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.
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.
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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 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.
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.
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.
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.
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.
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|Market Size Value in||US$ 2,800.7 Million in 2020|
|Market Size Value by||US$ 4,674.1 Million by 2028|
|Growth rate||CAGR of 6.9% from 2021-2028|
|No. of Pages||132|
|No. of Tables||131|
|No. of Charts & Figures||101|
|Historical data available||Yes|
|Segments covered||Motor Type , DC Motor , Output Power Range (Below 0.5 HP, 0.6|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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 List of Companies - Motor Controller Market