Intelligent motor controller is the next technology in motor control centers. Motor control centers (MCC) are used to carry out functions such as power switching, short-circuit protection, and overload protection, local and remote actuation, and controller state indication in an industrial or manufacturing plant. As an extension of this Intelligent motor controller can be defined as motor control centers that integrate three major system components of network communication: communications, hardware, and software. In other words, intelligent motor controller provides an equivalent or greater functionality as compared to traditional MCCs at an economical cost, thereby maximizing the value of components in the plant.
Market Analysis and Insights: Global Intelligent Motor Controller Market
Due to the COVID-19 pandemic, the global Intelligent Motor Controller market size is estimated to be worth US$ 706.2 million in 2022 and is forecast to a readjusted size of US$ 914.3 million by 2028 with a CAGR of 4.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Servo Motor Controller accounting for % of the Intelligent Motor Controller global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While General Industry segment is altered to an % CAGR throughout this forecast period.
Europe led the market for intelligent motor controller in 2017, owing to higher adoption of smart devices in the region. Industries in North America are currently focusing on developing existing infrastructure and are adopting smart motor control devices for better control and higher energy savings. The U.S. is expected to be the fastest growing market in the North American region from 2018 to 2025.
Global Intelligent Motor Controller Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Intelligent Motor Controller Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Servo Motor Controller
Stepper Motor Controller
Segment by Application
General Industry
Robots
Automotive
Others
By Company
Mitsubishi
Yaskawa
Rockwell
Fanuc
Siemens
ABB
Nidec
Schneider
Delta
Panasonic
Rexroth (Bosch)
Zapi
Eorive
Teco
V&T
Inovance
Moog
Enpower
Greatland Electrics
Kelly Controls
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina