Motor Controller Market 2021 Comprehensive Analysis, Future Estimations, Growth Drivers and Forecast to 2027 || Major Giants – ABB, Bosch Rexroth AG, Rockwell Automation, Inc, Schneider Electric, Siemens, Yaskawa Electric Corporation

The rising adoption of the Industrial Internet of Things (IIoT) in the manufacturing sector is providing noteworthy opportunities to the motor controller market players. The widespread use of robotics, sensors, centralized tracking, and quality inspection to form a smart manufacturing plant is triggering the adoption of IIoT. Technological advancements in the field of IoT, for designing ecosystem plants to reduce the power consumptions and increase factory’s safety is expected to increase the demand for motor controller in the upcoming years. Further, the advent of artificial intelligence (AI) usage in IIoTs for advancing the automation of plants and machines are expected to boost the demand for AI enabled motor controller devices in coming years. The demand for motor controllers is set to increase in residential applications as the IoT facilitates the integration of residential spaces with connected devices. Further, IIoT-powered industrial control systems (ICS) facilitate productivity and safety at work; these systems manage temperature and sensory equipment, manufacturing lines, and security devices, among others.

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The motor controller market is segmented on the basis of motor type, DC motor, output power range, voltage type, end-user, and geography. Geographically, Asia Pacific held the largest share of the market in 2020, followed by Europe and North America. Further, the market in Asia Pacific is projected to witness the highest growth rate during the forecast period. Based on motor type, the motor controller market is bifurcated into AC motor and DC motor. The AC motor segment represented a larger share of the overall market in 2020. Based on DC motor, the market is bifurcated into brushed DC motor market and brushless DC motor market. In 2020 the brushless DC motor market segment represented a larger market share. Based on output power range, the motor controller market is segmented into Below 0.5 HP, 0.6–1.0 HP, 1.0–3.0 HP, and Above 3.0 HP. The 0.6–1.0 HP segment represented the largest share of the overall market in2020. Based on voltage type, the market is segmented into Below 1 kV Motors, 1 kV–6.6 kV Motors, and More than 6.6 kV. The below 1 kV Motors segment represented the largest share of the overall market. Based on end-user, the motor controller market is segmented into Industrial, commercial, residential, transportation, and agriculture. In 2020 The industrial segment represented the largest share of the overall market.

The Emerging Players in the Motor Controller Market includes
• Mitsubishi Electric Corporation.
• Schneider Electric.
• Fanuc Corporation
• Yaskawa Electric Corporation
• Nidec Industrial Solution
• Rockwell Automation, Inc
• Panasonic Corporation.
• ABB
• Siemens
• Bosch Rexroth AG

Impact of COVID-19 Pandemic on Motor Controller Market
According to latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst affected countries due to COVID-19 outbreak. The COVID-19 crisis is adversely affecting the industries worldwide and the global economy took a worst hit in 2020 and it is likely to continue in 2021. The outbreak has created significant disruptions in primary industries such as food & beverage, medical, energy & power, electronics & semiconductor, petroleum, and chemicals. A significant decline in the growth of mentioned industries is negatively impacting the growth of the global motor controller market. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have negatively impacted the demand for motor controller devices.

The research provides answers to the following key questions:
 What is the estimated growth rate of the market for the forecast period 2021–2027? What will be the market size during the estimated period?
 What are the key driving forces responsible for shaping the fate of the Motor Controller market during the forecast period?
 Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Motor Controller market?
 What are the prominent market trends influencing the development of the Motor Controller market across different regions?
 What are the major threats and challenges likely to act as a barrier in the growth of the Motor Controller market?
 What are the major opportunities the market leaders can rely on to gain success and profitability?

Competitive scenario:
The study assesses factors such as segmentation, description, and applications of Motor Controller industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Scope of the Report
The research on the Motor Controller market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Motor Controller market on the basis of end user, product type, application, and demography for the forecast period 2021–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

Major Key Points of Motor Controller Market
• Motor Controller Market Overview
• Motor Controller Market Competition
• Motor Controller Market, Revenue and Price Trend
• Motor Controller Market Analysis by Application
• Company Profiles and Key Figures in Motor Controller Market
• Market Dynamics
• Methodology and Data Source

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