South America Motor Controller Market is expected to reach US$ 203.32 Mn by 2028

AC Motor Segment to Dominate SAM Motor Controller Market during 2020–2028  

According to The Insight Partners market research study on “SAM 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$ 203.32 million by 2028 from US$ 152.56 million in 2020. The market is estimated to grow at a CAGR of 3.9 % from 2021 to 2028. The report provides trends prevailing in the SAM motor controller market along with the drivers and restraints pertaining to the market growth.Escalating adoption of advanced and automated process in the factories and mounting adoption of industrial internet of things (IIoTs) in plants & factories are the major factor driving the growth of the SAM motor controller market. However, high-priced maintenance of DC motor hinders the growth of SAM motor controller market.

In case of COVID-19, SAM is highly affected especially Brazil, which has reported the highest number of cases, followed by Ecuador, Chile, Peru, and Argentina, among others. Brazil is also a dominant contributor to the overall manufacturing capabilities of the region. The country witnessed a major decline in demand for automation solutions, following the drastic drop-in manufacturing activities and limited building construction activities amid the COVID-19 pandemic. As a result of lowered performance of the manufacturing, construction and oil & gas sectors, Brazil, as well as other SAM countries, registered low demand for motor controllers in 2020. However, with the relaxed measures in lockdown, the business operations in SAM region are slowly resuming, especially from last two quarters of 2020. Hence, the ongoing business operations resumption are expected to positively impact the motor controller market.

The SAM motor controller market is segmented into the motor type, output power range, voltage type, end-user, and country. Based on motor type, SAM motor controller market is segmented into AC motor and DC motor. The AC motor segment dominated the SAM 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, SAM 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 SAM motor controller market in 2020 and below 0.5 HP segment is expected to be fastest growing during forecast period. Based on voltage type, SAM 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 SAM 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 the leading companies in the SAM 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 2018, Parker’s introduced Automation Manager 1.4, an update that significantly expands Parker Automation Controller (PAC) features and functionality.

The report segments the SAM Motor Controller Market as follows:

SAM Motor Controller Market – By Motor Type

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

SAM 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

SAM Motor Controller Market – By Voltage Type

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

SAM Motor Controller Market – By End-User

• Industrial
• Commercial
• Residential
• Agriculture 
• Transportation

SAM Motor Controller Market – By Country

• Brazil
• Argentina
• Rest of SAM