openPR Logo
Press release

Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Market

10-12-2023 01:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Reduced Operational Cost of Energy Efficient Motors Propels

The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use.

Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls the entire system, while MQTT is a lightweight protocol relevant to the communication between two applications. MQTT is integrated into a single product and allows a drive or sensor to extract data from a device and send it to the cloud.

Request for sample pages of this report:

Additionally, the advent of digitization in the manufacturing sector, fuelled by the industry 4.0 revolution expands the motion control market. The key contributor to the success of the industry 4.0 initiatives is mechatronics motion control. For example, smart servo technology facilitates inexpensive, high-efficiency, eco-friendly, safe, and compact machinery.

The motor is the crucial component in the motion control systems, and it captures 40% of the market share, due to an increase in the preference of manufacturers toward more energy-efficient motors to further reduce the operational cost and environmental footprint. Moreover, drives are predicted to experience exponential growth in the near future, at approx. rate of 5%, which regulated the speed of the electric motors.

Closed-loop systems dominate the market, attributed to their wide usage across industries, owing to numerous functional benefits of closed-loop systems than open-loop systems that involve no human intervention, due to complete automation.

The automotive industry contributes significant revenue to the motion control market, amounting to 20%, and it is expected to retain its position in the near future, due to massive autonomous driving technologies adoption. Companies are focusing on launching automated driving or self-driving facilitating motion control solutions. For

General variants hold an extensive proportion of the motion control market, and they are projected to experience substantial growth in the near future. The surge in the GMC category is led by the wide GMC servo motors and servo drives application across industries, primarily electronics, semiconductors, and food and beverages. For instance, Nexteer Automotive partnering with Continental Automotive launched a joint venture, CNXMotion, integrated with the Brake-to-Steer technology and steer-by-wire system variants across various SAE levels of driving automation.

The next significant end user of the motion control market is the semiconductor & electronics industry, and it is expected to witness a rise in the demand for the solution at the highest growth rate, due to the increase in adoption of the drives, high-tech motors, and motion controllers. The demand is also rising due to the complexities of the electronics and semiconductor manufacturing process, resulting in the increasing acceptance of miniature devices and microelectronics development.

Browse full report at:

APAC captures the largest share of the motion control market, accounting for 50%, and it is predicted to retain its position in the near future, due to the rising machine tools production and use of customized robots for varying applications. Moreover, the expansion of the manufacturing plants and quality machine development process is predicted to cause market propulsion.

Therefore, the new product launches in the automotive industry to support self-driving or autonomous driving boost the market.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Follow Us:

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Market here

News-ID: 3247279 • Views:

More Releases from P&S Intelligence

Remote Access Provided by Cloud Category Fuels Call Center AI Market
Remote Access Provided by Cloud Category Fuels Call Center AI Market
In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media. In order to pace up the 4th industrial revolution, businesses across various industries
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Market
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Marke …
The total value of the customer engagement solutions market was $18,186.8 million in 2021, and it will rise at a growth rate of above 10% in the near future, to reach $43,398.9 million by 2030. The major reasons behind the growth of this industry are growing usage of such solutions in serval industries like healthcare, telecommunications, BFSI and FMCG. North America will grow the fastest with a rate of 10.5% in
North America, the Largest Revenue Producer in Public Safety and Security Market
North America, the Largest Revenue Producer in Public Safety and Security Market
The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities
Sports Nutrition Market Will Touch $78.3 Billion Revenue by 2030
Sports Nutrition Market Will Touch $78.3 Billion Revenue by 2030
Sports nutrition aids in maximizing the training's advantages. It aids in maintaining and achieving body weight as well as speeding up exercise recuperation. Additionally, it facilitates a quick recovery from damage to the body. Request for sample pages of this report: The first requirement for sports nutrition meals or supplements is the aim to obtain a healthy, lean, or well-built structure. Sports lovers and fitness fans are becoming more and more

All 5 Releases

More Releases for MQTT

What to expect from the Lightweight Machine-to-Machine (LWM2M) Market? Know what …
Global Lightweight Machine-to-Machine (LWM2M) Market is expected to Grow at a CAGR of 23% by 2027 Owing to the Advantages of LWM2M Over Other IoT Protocols Coupled With Launch of Latest Versions, says Absolute Market Insights. Brief and concise information on Lightweight Machine-to-Machine (LWM2M) Market has been published by Absolute Markets Insights. The report is especially designed to stimulate entrepreneurial sagacity. An overview of primary and secondary exploratory techniques are especially
New DL-100S Series Remote Temperature & Humidity Data Logger with LCD Screen & I …
LOMITA, CA— ICP DAS USA announces a new addition to their growing family of environmental sensors and data loggers, the DL-100S Series. DL-100S models come with a combination of temperature, humidity, and dew point sensors. The LCD screen gives an instantaneous reading at one glance and onboard storage keeps a record of up to 600,000 sensor readings with accompanying date and time stamps. An Ethernet connection offers the popular industrial protocol Modbus
REYAX Technology successfully developed the MQTT IoT Cloud Platform (SaaS), RYC1 …
To solve the connection problems of IoT terminal products, such as mobile devices and Wi-Fi devices that cannot find each other due to floating IP, firewalls cause cross-regional disconnection and some small data storage problems, etc. REYAX Technology developed the MQTT IoT cloud platform RYC1001, which saves a lot of cloud development costs and time for enterprises. It can be used as long as the device supports the MQTT protocol. The
Upside Energy develops new integration solution for battery storage
Upside Energy, the energy software company, has become the first to integrate battery assets to operational metering for the balancing mechanism using National Grid Electricity System Operator (ESO)’s new wider access MQTT interface. This is an important new innovation on the network as all previous data integrations used standard SCADA protocols and dedicated VPN links which can be more costly and take longer to set up. The new MQTT interface was
Cooperation of the companies ProSign GmbH and DRAGO Automation
ProSign GmbH and DRAGO Automation combine their competences and develop a strong all-in-one product including the PACcubes Station and ultra-compact I/O modules. The PACcubes Station PCR-STA31-MC1 will be available in February 2017 and it will be compatible with the ultra-compact I/O Modbus RTU I/O modules from the company DRAGO Automation. That means, the compact, universal I/O modules will be joint with the graphically programmable head station of the PACcubes series. The
MQTT is easy when you are using Tibbo BASIC/C-programmable Devices
Heya, folks! We’ve just published a very useful MQTT library and a pair of demo projects illustrating the use of the new MQTT library. Showcasing both the publisher and subscriber sides of MQTT, these projects demonstrate the remote control of three LEDs on the subscriber using three buttons on the publisher. More importantly, the projects show how easy it is to create lightweight IoT devices with Tibbo BASIC/C and Tibbo hardware. Unlike many competing