Press release
Motor Control Unit Market is estimated to reach $8 billion by 2027 | Texas Instruments Incorporated, Ridder Drive Systems and more
Motor Control Unit Market
According to recent reports, the Motor Control Unit market was valued at $4.7 billion in 2020 and is estimated to reach $8 billion by 2027 with a compound annual growth rate of 8%. This growth is primarily driven by increased demand for energy efficiency, safety, automation, and high-performance motor control solutions such as servo drives.
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The Motor Control Unit (MCU) market is a rapidly growing sector in the automation and motion control industry. Motor control units are electronic devices used to regulate and control electric motors, allowing machines to perform automated tasks accurately and reliably. MCUs have become increasingly prevalent in industrial operations, consumer products, automotive applications, and many other areas of modern life.
In recent years, the global Motor Control Unit market has grown significantly due to an increase in technological advancements that have led to improvements in performance and cost-effectiveness.
Global Motor Control Unit Market: Dynamics
Motor control unit is driven by growing automobile industry and the increasing presence of the motor control units in domestic appliances is also expected to grow the motor control units market. Since motor control units are widely used in automobiles the rise in technological advancement in automobile industry, the global motor control unit market is anticipated to show robust growth for the forecast period. The factor restraining the global motor control unit market high initial cost and high maintenance cost like motor control units need to be protected against overload however owing to the increasing use of motor control units in automobile industry and industrial application the global motor control unit market has a positive growth.
Key Companies-
• Texas Instruments Incorporated
• Ridder Drive Systems
• Siemens AG
• Mouser Electronics, Inc.
• Mitsubishi Electric Corporation
• Microsemi Corporation
• ORIENTAL MOTOR USA CORP.
• PROTON POWER CONTROL PVT. LIMITED
• M+L Manufacturing
• FINESSE CONTROL SYSTEMS LTD
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Global Motor Control Unit Market: Market Segmentation
On the basis of mode of operation
• Manual motor control unit
• Automatic motor control unit
On the basis of product type
• Motor starter
• Reduced voltage starter
• Adjustable speed drives
• Intelligent controllers
On the basis of type of motor
• Servo
• Series
• Permanent magnet
• Separately excited
• Alternating current
On the basis of end use
• Domestic
• Industrial
On the basis on power source
• Battery pack
• Power supply
• Control circuitry ( Analog input signal, Digital input signal)
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