Market Research Future published a research report on “Global Intelligent Motor Controller Market Research Report- Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Market Highlights
An intelligent motor controller is an electrical device that has various functions such as motor protection, motor control, Fieldbus, and Ethernet communication. Some of the major application areas where an intelligent motor controller is used are low horsepower HVAC motors, commercial laundry and dishwashers, process control, pumps, and fans.
The growing demand for Intelligent Motor Controller Market is attributed to the rising demand for smart motor control devices. The market for intelligent motor controller in the water & wastewater industry is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing urbanization and pressure on the efficient use of existing water resources.
The global intelligent motor controller market is expected to grow at ~ 5.90% CAGR during the forecast period.
Key Players
Some of the key players operating in the global intelligent motor controller market are ABB (Switzerland), General Electric (US), Mitsubishi Electric Corporation (Japan), Schneider Electric (France), Siemens (Germany), Larsen & Toubro (India), Lsis Co. Ltd (South Korea), NXP Semiconductors (Netherlands), Rochwell Automation (US), Fairford Electronics (UK).
Market Segmentation
This report provides an in-depth analysis of the global intelligent motor controller market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the intelligent motor controller market by its voltage, motor type, application, end-use, and by region.
By Voltage
- Low
- Medium
By Motor Type
- AC
- DC
- Stepper
- Others
By Application
- Pumps
- Fans
- Compressors
- Others
By End-Use
- Water & Wastewater
- Power Generation
- Food & Beverage
- Metals & Mining
- Chemicals & Petrochemicals
- Pharmaceuticals
- Others
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Regional Overview
Asia-Pacific accounts for the largest share in the intelligent motor controller market.
Region-wise, in 2017, Asia-Pacific held the largest market share of the global intelligent motor controller market. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the increasing industrialization and electricity demand in the region. The market in China is expected to dominate the intelligent motor controller market in Asia-Pacific. The increasing power generation capacity additions and industrialization projects in these countries are the main reasons spurring the growth of the intelligent motor controller market in this region.
Table of Content
- Global Intelligent Motor Controller Market Overview
- Manufacturers Profiles
- Global Intelligent Motor Controller Sales, Revenue, Market Share and Competition by Manufacturer
- Global Intelligent Motor Controller Market Analysis by Regions
- Global Market Segment by Type
- Global Intelligent Motor Controller Market Segment by Application
- Intelligent Motor Controller Market Forecast (2019-2024)
- Sales Channel, Distributors, Traders and Dealers
- Appendix
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