Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on intelligent motor controller market provides
in-depth analysis of segments and sub-segments in the global as well as
regional intelligent motor controller market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
intelligent motor controller market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the global intelligent motor controller market. According to the report,
the global intelligent motor controller market is projected to grow at a CAGR
of 5.5% over the forecast period of 2019-2025.
The rising technological
advancements in the field of electronics and computing have affected several
end-use industries including food & beverage, pharmaceuticals, power
generation, oil & gas, mining, chemicals, and others. The intelligent motor
controllers are the product of this technological advancement. The intelligent
motor controller is an addition to the conventional motor control center, which
is used for functions such as power switching, short-circuit protection, local
and remote actuation, and controller state indication in an industrial plant.
Besides, the intelligent motor controller can also carry out functions
including network configuration, diagnostics, and advanced protection of each
manufacturing unit. These additional features contribute to the growing
popularity of the intelligent motor controllers. Moreover, the intelligent
motor controllers help in improving the productivity and efficiency of the
industrial plant.
The growing demand for smart,
multifunctional, and integrated motor control centers from various end-use
industries are the major driver for the global intelligent motor controller
market. Conventionally, an industrial plant requires the number of traditional
motor controllers for smooth running on the workflow. While a single
intelligent motor controller can carry out the function of several traditional
motor controllers with higher efficiency. Moreover, the increase in the
adoption of automation in various end-use industries, particularly in the
developed regions, is one of the factors propelling the intelligent motor
controller market. Automation reduces human interference on the work floor and
increases the accuracy and productivity of the plant. The chances of committing
errors with automation are anticipated to be reduced dramatically. By using the
intelligent motor controllers the work floor can be automated effectively and
efficiently. However, the high cost of integration of the intelligent motor
controller system into the plant is expected to be the major restraining factor
for the growth of the market. Nevertheless, stringent government regulations
regarding energy efficiency and safety standards are predicted to offer
favorable business opportunities to the intelligent motor controller vendors.
In terms of geography, the
European region generated the highest revenue in the global intelligent motor
controller market. The largest market share of the European region attributed
to the higher adoption of smart devices and equipment in the region. Higher
disposable income, improved technological infrastructure, and the presence of
leading market players are some of the reasons boosting the sale of smart
devices in the region. This, in turn, augments the demand for intelligent motor
controllers in Europe. North America is the second largest market for the
intelligent motor controllers owing to better infrastructure and large
industrial areas. While the Asia Pacific is anticipated to grow with the
fastest rate over the forecast period. The rapidly growing industrialization,
increasing investment in infrastructure by the government and improving economic
conditions are some of the factors contributing to the growth of the
intelligent motor controller in the Asia Pacific.
The report on the global intelligent
motor controller market covers segments such as motor type, voltage,
application, and end-user. On the basis of motor type, the sub-markets include
ac, dc, and other motor types. On the basis of voltage, the sub-markets include
low voltage, and medium voltage. On the basis of application, the sub-markets
include pumps, fans, compressors, and other applications. On the basis of
end-user, the sub-markets include oil & gas, water & wastewater, power
generation, metals & mining, chemicals & petrochemicals, and other
end-users.
The report provides profiles of
the companies in the market such as ABB Ltd, General Electric Company, Rockwell
Automation, Inc., Siemens AG, Schneider Electric SE, Mitsubishi Electric
Corporation, Larsen & Toubro Limited, LSIS Co. Ltd., Fairford Electronics
Ltd., Roboteq Inc., and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of intelligent motor controller market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.