Press release
Motion Control Market 2019-2026: Business Development Strategies by Industry Giants- Siemens AG, ABB Group, Schneider Electric, Rockwell Automation Inc., STM Microelectronics, Motion Control Co., Emerson Electric Co., MKS Instruments Inc
Motion Control Market
There are several players in the motion control market and product launch, product development, business acquisition, and business expansion are the growth strategies adopted by the key players. For instance, in June 2018, Rockwell Automation has released an updated version of the Allen-Bradley Motion Analyzer software tool. This enhanced software offers an optimized user experience with intuitive navigation and in-workflow product selection. This helps engineers to develop complete motion control systems more easily and efficiently for their machines.
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The major companies profiled in the global motion control market include Siemens AG, ABB Group, Schneider Electric, Rockwell Automation Inc., STM Microelectronics, Motion Control Co., Emerson Electric Co., MKS Instruments Inc., Parker Hannifin Co., Estun Automation Co. Ltd., and others.
KEY BENEFITS FOR STAKEHOLDERS
• This study comprises analytical depiction of the global motion control market trends with current trends and future estimations to depict the imminent investment pockets.
• The overall potential is determined to understand the profitable trends to gain a stronger foothold.
• The global motion control market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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Increase in adoption of advanced and automated processes for factory automation is the prime factor that drive the growth of the motion control market. The adoption of motion control system is increased due to ease of use and integration of components within motion control systems. However, high replacement and maintenance cost of motion control systems restrain the growth of the market. Moreover, the Industrial Revolution 4.0 provides lucrative opportunities for the market growth.
The motion control industry is segmented based on type, technology, components, application, industry, and region.
Based on type, the market is bifurcated into open loop and closed loop. By technology, it is categorized into pneumatic, electromechanical actuation, and hydraulic. Based on components, it is divided into actuators & mechanical systems, controller, drives, motors, and software. By application, it is segmented into inspection, material handling, and packaging. Based on industry, it is categorized into manufacturing, healthcare, and automotive. Based on region, the market is analyzed across Europe, Asia-Pacific, North America, and LAMEA.
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Some of the factors that drive the growth of the motion control market include rise in adoption of advanced and automated processes for factory automation, increasing in demand for industrial robots in manufacturing processes, and ease of use and integration of components within motion control systems. However, high replacement and maintenance cost is expected to restrain the market growth. Furthermore, the Industrial Revolution 4.0 provides lucrative opportunities for the growth of the motion control market.
KEY MARKET SEGMENTS
By Type
• Open Loop
• Closed Loop
By Technology
• Pneumatic
• Electromechanical Actuation
• Hydraulic
By Components
• Controller
• Actuators & Mechanical Systems
• Drives
• Motors
• Software
By Application
• Inspection
• Material Handling
• Packaging
By Industry Vertical
• Manufacturing
• Healthcare
• Automotive
BY REGION
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Spain
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
http://hitechnewsdaily.com/2020/02/role-of-motion-control-system-in-automation-market-global-industry-scope-and-top-growing-companies-2019-2026/
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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