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New Research Offers Global Motion Controller Market Precise Analysis and Forecast Assumptions until the End of 2025
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Forecast Assumptions and Key Dynamics
In the automation industry, motion controllers’ demand has grown rapidly. It has been also gained significant growth in recent past, due to increased dependence of industries on the process and plant automation. As per the research key findings, the global motion controller market is anticipated to expand at a CAGR of 7.0% over the period between 2017 and 2025, rising from a valuation of US$1,641.5 mn in 2016 to US$3,013.0 mn by 2025.
In terms of geography, the global market is being dominated by the Asia Pacific owing to noticeable growth of several end-use industries in the developing economies such as India, China, and Taiwan. On the basis of end-use, motion controller market has been segmented into healthcare, automotive, aerospace and defense, semiconductor and electronics, metal and mining, food and beverages, pharmaceuticals, and others. Among these, semiconductors and electronics, and food & beverages are the key industries increasing the growth of motion controller market around the globe.
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Moving further, the research analyzes global market on the basis of product type, which covers PLC-based, standalone motion controllers, and PC based motion controllers. Among these product type, the PLC-based motion controllers contributed major market share towards the global market in terms of volume in 2016.
At last, the concluding section of the report deals with the company market share analysis of key players operating in this industry. As reported, some of the chief players dominant in the global motion controller market are: ABB Ltd, National Instruments, Allied Motion Inc., Mitsubishi Electric Corporation, Omron Corporation, Schneider electric, Delta Electronics, Inc., YASKAWA Electric Corporation, Fuji Electric, Rockwell Automation Inc., Siemens AG, Toshiba Corporation and Yokogawa Electric Corp.
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