Motion Control Market 2023 Current Status and Challenges with Future Opportunities to 2030 - ABB, PARKER HANNIFIN, ROCKWELL AUTOMATION, SCHNEIDER ELECTRIC, SIEMEN

The report is designed to provide a holistic view of the Motion Control Market market from 2023 to 2030. Several vital aspects are discussed in this Motion Control Market report in terms of growing business and resulting market revenues. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Business players can easily make a gainful decision by understanding the data provided in this report and represented using graphs and tables. Leading segments, market share, market drivers, trend analysis, and regional analysis covering major regions such as Europe, North America, the Middle East, Africa, Asia Pacific, and Latin America are also provided to the reader.

The global motion control market size is estimated at USD 15.5 Billion by 2022 and is expected to reach USD 20 Billion by 2029, at a CAGR of 5.2% during the forecast period.

Top Companies in the Global Motion Control Market:

ABB, PARKER HANNIFIN, ROCKWELL AUTOMATION, SCHNEIDER ELECTRIC, SIEMEN, ALTRA INDUSTRIAL MOTION, BOSCH REXROTH, DOVER MOTION, MOOG, and others

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Motion Control Market Overview:

Motion control systems start and control how loads move so that work can be done. It lets you control speed, position, and torque with great accuracy. Motion control can be used in situations where a product needs to be placed, where different parts need to work together, or where motion needs to start and stop quickly. There are three main parts to a motion control system: a controller, a drive or amplifier, and a motor. The growth of the motion control market is mostly due to the rise in the use of advanced and automated processes in factory automation. More and more people are using motion control systems because they are easy to use and because their parts work well together.

Industry News

In February 2022, Siemens launched the Simatic Drive Controller for CPUs. The new controller combines a Simatic S7-1500 controller with motion control technology and safety functions with a Sinamics S120 drive control in one device, saving space.
In January 2022, Mitsubishi Electric Automation launched the MELSERVO-J5D servo amplifier for medium to large-sized servo applications requiring multiple drive units capable of managing regenerative energy.
In June 2020, Parker Hannifin expanded the Parker Servo Drive (PSD) product line with the introduction of a fully programmable drive. The Programmable PSD is an intelligent stand-alone servo drive, fully programmable via IEC 61131-3, with runtime based on the widely distributed CODESYS V3.

The Motion Control market can be divided based on product Segmentations and Third-Party usage areas, and important regions

By Offering
• Actuators & Mechanical Systems
1. Pneumatic
2. Hydraulic
3. Electromechanical
• Drives
• Motors
1. Servo Motor
2. Stepper Motor
• Motion Controllers
• Sensors and Feedback Devices
• Software & Services

By System
• Open-loop System
• Closed-loop System
• By Application
• Metal Cutting
• Metal Forming
• Material Handling
• Packaging & Labelling
• Robotics
• Others (semiconductor & electronics, and rubber & plastics)

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Regional Insights

Due to the growing need for motion controllers, Asia-Pacific is expected to grow quickly at a CAGR of 5.4% over the next few years. The main things that affect the growth of the global motion control system market are both macroeconomic and microeconomic factors. Motion control systems will continue to be needed in many industries because the number of electronic products being made is going up.

By 2031, Europe is expected to make up more than 26% of the global market for motion control, which means that it will bring in a lot of money. The growth of warehouses is a big reason why motion control systems are becoming more popular. As the U.S. works to update its airport infrastructure, there will be more demand for conveyor systems and motion controllers all over the country.

Regions are covered By the Motion Control Market Report 2023 to 2030.

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)  
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.

Significant Features that are under Offering and Key Highlights of the Reports:

-Detailed overview of the Motion Control Market
-Changing the Motion Control market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Motion Control market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of the Motion Control Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions about the Motion Control market:

- What are the recent developments and government policies?
- What are the top trends in the Motion Control market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Motion Control market?
- Which region would offer high growth for vendors in the market?

The report has 150 tables and figures browse the report description and TOC

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Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.

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