Pune, India, August, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on the global intelligent motor controller market. The global intelligent motor controller market is expected to expand at ~5.90% CAGR during the period 2019 to 2024.
An intelligent motor controller is designed to meet the requirements for low cost 3 phase motor systems. It provides an equivalent or greater functionality as compared to the traditional motor control center at an economical cost, thereby maximizing the value of components in the plant. Some of the advantages of an intelligent motor controller include network configuration, diagnostics, and advanced protection for each unit
Based on motor type, the market is segmented as AC, DC, stepper, and other types of motors. The AC motor segment is estimated to dominate the market during the forecast period as it is widely used in various industries, owing to its low-cost, robust construction, and compatibility with almost all industrial applications. Major end-use industries such as oil & gas, water & wastewater, power generation, metals & mining, chemicals, pharmaceutical, and food & beverage employ AC motors for diverse applications. On the basis of end-use, the market is segmented into oil & gas, water & wastewater, power generation, food & beverage, metals & mining, chemicals & petrochemicals, pharmaceutical, and others. The oil & gas industry is the largest end-use industry for intelligent motor controllers, due to the large-scale application of motor-driven equipment in the industry.
The global intelligent motor controller market is expected to grow at ~ 5.90% CAGR during the forecast period.
Market Research AnalysisAsia-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.
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GLOBAL INTELLIGENT MOTOR CONTROLLER MARKET 2019–2024
Scope of the ReportThis 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.
Key PlayersSome 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).
- By Motor Type
- By Application
- By End-Use
- Water & Wastewater
- Power Generation
- Food & Beverage
- Metals & Mining
- Chemicals & Petrochemicals
- By Regions
- North America
- Middle East & Africa
- South America