Market Analysis
The global intelligent motor controller market will develop at a 5.90% CAGR between the forecast period 2019- 2024, states the recent Market Research Future (MRFR) analysis. Intelligent motor controllers, simply put, are a new class of IC that has good engineering expenses and at the same time build high-performance motor drives for multi-phase motors like three-phase AC induction notes and brushless DC motors. It has wide applications in pharmaceuticals, chemicals and petrochemicals, metals and mining, food and beverage, power generation, water and waste water, oil and gas, and others.
Various factors are propelling the global intelligent motor controller market growth. According to the recent MRFR report, such factors include advances in technology, growing demand for smart and multifunctional integrated devices, increasing penetration of automation in developed regions, rising concerns about the efficiency of motors, new product offerings, different use in machinery, and booming end use industries including food and beverage, power generation, water and wastewater, and oil and gas.
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Market Segmentation
By motor type, the global intelligent motor controller market is segmented into stepper, DC, AC, and other forms of motors. Of these, the AC segment will lead the market over the forecast period. Vast application in different industries for its compatibility, robust construction, and low cost is adding to the growth of the segment.
By voltage, the global intelligent motor controller market is segmented into medium and low. The low segment will dominate the market over the forecast period as most of its applications are fixed speed applications.
By application, the global intelligent motor controller market is segmented into compressors, fans, pumps, and others. Of these, pumps will spearhead the market over the forecast period.
By end user, the global intelligent motor controller market is segmented into pharmaceuticals, chemicals and petrochemicals, metals and mining, food and beverage, power generation, water and waste water, oil and gas, and others. Of these, water and waste water segment will have the largest share in the market over the forecast period.
Regional Analysis
By region, the global intelligent motor controller market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), South America, and the Middle East and Africa (MEA).
Of these, Europe will spearhead the market over the forecast period. The highest adoption of smart devices, especially the intelligent motor controller, upgradation of outdated infrastructure, demand for motor-driven applications, and growing concerns about motor efficiency cost-effectiveness are adding to the global intelligent motor controller market growth in the region.
In North America, the global intelligent motor controller market is predicted to have healthy growth over the forecast period. The rising adoption of automation control systems in manufacturing sectors in Canada and the US, rising utility expenditure in France and Germany, and positive outlook towards manufacturing sectors in India and China are adding to the global intelligent motor controller market growth in the region.
In Europe, the global intelligent motor controller market is predicted to have sound growth over the forecast period and in South America the MEA is predicted to have steady growth over the forecast period.
Key Players
Key contenders profiled in the global intelligent motor controller market report include Fairford Electronics (UK), Rochwell Automation (US), NXP Semiconductors (Netherlands), Lsis Co. Ltd (South Korea), Larsen Toubro (India), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), General Electric (US), and ABB (Switzerland).
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