Press release
Motion Control Market Fueling Rapidly To Reach USD 22.81 Billion By 2022
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According to analyst at Zion Market Research, global motion control market was capitalized at USD 16.54 Billion in 2016 and is likely to create income of USD 22.81 Billion by 2022, developing at a CAGR of slightly more than 5.7% from 2017 to 2022.
Increasing Concern For Industrial Safety And Increasing Requirement For Motion Control For Different Industries Is Claimed To Boost Motion Control Market
According to analyst at Zion Market Research, the motion control market has development at a rapid speed in the last couple of years and has seen stupendous development within the forecast period. The motion control market is boosted by a number of factors such as rising project by manufacturing companies, increasing concern for industrial safety, and increasing requirement for motion control for food and beverage, semiconductor & electronics, automotive, electrical, and machinery sectors along with rising economy. In addition to this, huge developments of automation industry paired with rapid globalization have together elevated the requirement for motion control market. Apart from this, demand from emerging nations such as India, China, and Brazil might unlock up the new avenues in the forecast period in the motion control market.
Advancements in tech are also set to rise the development of motion control market. For instance, in August 2017, Kollmorgen launched the AKM2G, a new type of synchronous servo motors. These motors are developed for employment with the firm’s AKD servo drive and the AKD2G series of next-gene servo drives. These motors are also able to offer all their design advantages in conjunction with the user’s selection of servo drives, thereby boosting the motion control market.
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Rapid Industrialization In Developing Nation Such As China, India, And Indonesia To Motion Control Market In Asia Pacific
Asia Pacific dominated the motion control market in terms of overall demand in 2016 and it added up for the noteworthy share of motion control market. Asia Pacific is a quickest developing area due to rapid industrialization in developing nation such as China, India, and Indonesia. Europe and North America is likely to develop at a noteworthy rate in the years to come for the motion control market.
Based on the applications, machinery manufacturing ruled the motion control market and obtained the noteworthy share in 2016 in global motion control market. Automotive and semiconductor & electronics are likely to see sturdy development in global motion control market in upcoming years.
The global motion control market is segmented as follows:
By Tech
Computerized Numerical Control
General Motion Control
By Application
Automotive
Aerospace & Defense
Semiconductor & Electronics
Food and Beverage
Machinery Manufacturing
Oil & Gas
Others
By Region
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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