A motor controller is a device or group of devices that serves to govern in some predetermined manner the performance of an electric motor. A motor controller might include 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 faults.
Due to the COVID-19 pandemic, the global Motor Controllers market size is estimated to be worth US$ 18400 million in 2022 and is forecast to a readjusted size of US$ 51720 million by 2028 with a CAGR of 18.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Servo Motor Controller accounting for % of the Motor Controllers 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.
Global Motor Controllers key players include Mitsubishi, Yaskawa, Fanuc, etc. Global top three manufacturers hold a share about 15%.
Asia-Pacific is the largest market, with a share about 50%, followed by Europe, and North America, both have a share about 40 percent.
In terms of product, Servo Motor Controller is the largest segment, with a share over 75%. And in terms of application, the largest application is Automotive, followed by General Industrial, Robots, etc.
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.
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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
- Rexroth (Bosch)
- Greatland Electrics
- Kelly Controls
Production by Region
- North America
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Mr. Shirish Gupta
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