Intelligent Motor Controller Market Research Report- Forecast till 2030

Intelligent Motor Controller Market Research Report: Information by Voltage (Low, Medium), Motor Type (AC, DC, Stepper), Application (Pumps, Fans, Compressors), End-Use (Oil & Gas, Power Generation, F&B, Metals & Mining) and Region - Forecast till 2030

ID: MRFR/E&P/6184-HCR | December 2022 | Region: Global | 111 Pages         

Intelligent Motor Controller Market

Intelligent Motor Controller Market share is expected to surpass USD 868 Million by 2027, with a 5.5% CAGR during the forecast period, 2022-2027.

Segmentation

By Voltage Low Medium
By Motor Type AC DC Stepper
By Application Pumps Fans Compressors
By End-Use Oil & Gas Power Generation F&B Metals & Mining

Key Players

  • 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)

Drivers

  • Increased industrial plant up-time
  • Increasing motor efficiency and energy savings
  • The growing demand for smart. multifunctional and integrated motor control and protection devices
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Intelligent motor controller market is expected to grow at a 5.50% CAGR during the forecast period.


Intelligent Motor Controller Market Overview


Automation and its related developments are emerging as a growing trend across various industries. Challenges for the market like high labor costs and competitive rivalry have triggered the demand for automated systems, as a part of the intelligent motor controller market. Automated systems replace manual labor in various industrial processes. The impact on IMCCs, due to advancements in technology, made its components like electromechanical relays, followed by others like circuit breakers and electronic devices, such as variable frequency drives, more robust and, in turn, increased the robustness of the IMCCs. The lifecycle of an IMCC is more than 20 years, which tremendously reduces the equipment replacement rate.


The motor adoption rate is high globally, and various industries such as power generation, food & beverage, manufacturing, and others benefit from a high number of motor installations. Such participating industries in the global industry lay emphasis on the development of efficient motors. It helps to augment their savings and cost reduction. It is a key market factor driving the global market growth. Automaker market players like Toyota, Mazda, and BMW expand their operations across North America in the international market. Some Asian regions can be potential buyers of IMCC over the forecast period.


Global Intelligent Motor Controller Market is projected to grow at a significant rate during the forecast period owing to the rising demand for smart and intelligent motor control devices, including intelligent motor controllers. Government across the globe are focusing on implementing stringent regulations in terms of energy efficiency. For instance, the U.S. Department of Energy (DOE) has been setting the standards for consumer, commercial, and industrial equipment since the establishment of the Energy Policy and Conservation Act (EPCA) of 1975. Regulations regarding motion control and drive systems are now moving to the forefront following earlier improvements in motor efficiencies, thereby driving the global market for intelligent motor controllers.


Intelligent Motor Controller Market Key Players


Some of the key players operating in the global intelligent motor controller industry 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).


Recent Developments


In October 2020, Rockwell Automation, a popular market player, unveiled Allen-Bradley Motor Control Centers known as CENTERLINE 2500 motor control centers. They are the same size as a standard unit and are available in 2-10 modules. The new MCCs have been designed for offshore applications due to the needs related to enhanced safety features. Rockwell Automation has added five new members to its Machine Safety System Integrator program. It was created in 2014, and the program helps industrial companies identify system integrators with current safety standards expertise, and a proven track record in designing safety systems.


Increased industrial plant up-time, increasing motor efficiency and energy savings, and the growing demand for smart, multifunctional, and integrated motor control and protection devices are some of the major factors that are expected to drive the global intelligent motor controller market.


Moreover, the increasing adoption of industrial automation in developed regions present significant opportunities for intelligent motor controller market. Moreover, governments across the world are focusing on reducing energy consumption in industries and households by encouraging them to use energy-saving techniques. Intelligent motor controllers offer an ideal solution for energy saving by increasing the efficiency of the machines using AC and DC power. This will help to increase the growth of intelligent motor controller market.


Intelligent Motor Controller Market Segmentation


Global Market has been segmented based on voltage, motor type, application, end-use, and region. On the basis of voltage, the market has been divided into low and medium. The low voltage sub-segment dominates the market as most applications in the low voltage segment are fixed speed applications. Intelligent motor controllers are a cost-effective solution for motor control and protection as compared to other alternatives. The global Intelligent motor controller market is expected to grow at ~5.50% CAGR during the forecast period 2022-2030, due to increasing motor efficiency and energy savings. Market Segmentation on implementing stringent regulations in terms of energy efficiency. For instance, the U.S. Department of Energy (DOE) has been setting the standards for consumer, commercial, and industrial equipment since the establishment of the Energy Policy and Conservation Act (EPCA) of 1975.


Regulations regarding motion control and drive systems are now moving to the forefront following earlier improvements in motor efficiencies, thereby driving the global market for intelligent motor controllers. The global intelligent motor controller market has been segmented based on voltage, motor type, application, end-use, and region. On the basis of voltage, the market has been divided into low and medium. The low voltage sub-segment dominates the market as most applications in the low voltage segment are fixed speed applications. Intelligent motor controllers are a cost-effective solution for motor control and protection as compared to other alternatives. 


Intelligent Motor Controller Market


Global Intelligent Motor Controller Market Synopsis


The global intelligent motor controller is expected to witness a moderate growth rate during the forecast period. According to the International Energy Agency, in 2016, investments in energy-efficient appliances continued to grow by 9% and is expected to reach USD 231 billion by 2020. China showed the highest growth rate at 24%, followed by countries in Europe. Investments in energy efficient appliances and their use in end-use industries, such as oil & gas and power generation, have helped drive the global intelligent motor controller market.


Intelligent motor controllers are a new class of integrated circuits (IC), which save significant engineering expenses while building high-performance motor drives for multi-phase motors, such as brushless DC motors and three-phase AC induction motors.


These controllers are specifically designed to meet the requirements of low-cost, variable-speed, and 3-phase AC motor control systems. These motor controllers are also adaptable and configurable, based on their working condition. Some of the major application areas where intelligent motor controllers are deployed are low horsepower HVAC motors, commercial laundry and dishwashers, process control, pumps, and fans.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   5.50% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Voltage, Motor Type, Application and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Increased industrial plant up-time
  • Increasing motor efficiency and energy savings
  • The growing demand for smart, multifunctional, and integrated motor control and protection devices


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    Frequently Asked Questions (FAQ) :

    The market is expected to achieve a growth rate of more than 5.50% in the oncoming years.

    The market can gain significant traction in the coming years, owing to the mounting demand for smart and intelligent motor control devices and increasing implementation of strict regulations with regard to energy efficiency among others.

    The notable companies in the worldwide market are NXP Semiconductors (Netherlands), Rochwell Automation (US), ABB (Switzerland), General Electric (US), Siemens (Germany), Lsis Co. Ltd (South Korea), Fairford Electronics (UK), Larsen & Toubro (India), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), and others.

    The voltage-based market segments are low and medium.

    Power Generation, Oil & Gas, Metals & Mining, F&B, and others are the prominent end-users in the global market.