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Market Overview:
Global intelligent motor controller market Size Was Valued at USD 789.63 million In 2021, And Is Projected to Reach USD 1125.99 million By 2028, Growing at A CAGR of 5.20% From 2022 To 2028.
Intelligent Motor Control Centers (IMCCs) have emerged as a response to the need for integrating hardware, communications, and software components in motor control systems. These centers, comprising enclosed sections connected by a shared power bus, primarily house motor control units. The global market for intelligent motor controllers is expected to witness significant growth, driven by factors such as improved industrial plant uptime, enhanced motor efficiency leading to energy savings, and a rising demand for integrated motor control and protection devices that offer smart and versatile functionalities.
Top Key Players Covered In The Intelligent Motor Controller Market:
ABB (Switzerland) General Electric (U.S.) Rockwell Automation (India) Mitsubishi Electric (Japan) Siemens AG (Germany) Larsen & Toubro (India) Schneider Electric (France) Lsis Co. Ltd. (South Korea) Nanotec Electronic GmbH & Co. (Germany) NXP Semiconductors (Netherlands) Fairford Electronics (U.S.) Roboteq Inc. (U.S.) And Other Major Players.
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Market Dynamics and Factors:
Developed nations are witnessing a growing demand for automation across various industries. These nations have embraced urban industrialization as a means to foster economic growth. The most successful middle-income countries are those that have rapidly expanded their manufacturing capabilities, integrated into global value chains, and increased their presence in international markets. A common factor among these fast-developing nations is a structural shift that has led to the emergence and growth of productive sectors focused on manufacturing, resource-based products, or services, either individually or in combination. This structural change has been accompanied by a rising demand for exports from advanced economies
The demand for smart and integrated motor control and protection devices is on the rise. Motor control centers can be categorized into conventional and intelligent types. Conventional motor control centers utilize analog or electromechanical technology with components like relays, circuit breakers, and variable speed drives for motor control and protection operations. However, the advent of microprocessor technology has brought advancements in motor control and protection functions.
The Intelligent Motor Controller Market Report Highlight:
By Motor Type, the AC segment is anticipated to lead the market growth throughout the forecast period. One of the main factors propelling the segment's growth is AC motors can generate more torque than DC motors and have superior torque-speed characteristics to others, there is a large demand for and installation of such motors in the market. By Application, the pumps segment is expected to dominate the market over the projected period. As the pumps are demanded more in industries like water, gas, oil, etc. By Voltage, the Low Voltage segment is expected to dominate the market over the projected period. Low voltage motor control centers are highly desired due to their extensive implementation in a variety of sectors around the world, which is expected to drive demand for them during the projected period. By Industry, the oil and gas segment is expected to dominate the market over the projected period. Because it is characterized by extensive reliance on motor-operated devices, represents a significant end-user market for intelligent motor controllers, driving their demand and adoption. Asia Pacific is expected to be the largest market. Because of the region's expanding urbanization and industrialization, intelligent motor controllers are projected to be in high demand.
Key Industry Development:
In May 2022 , GE announced the launch of Lifespan, a new digital product portfolio enabling customers to optimize renewable asset performance and operations across their fleet. The Lifespan suite of products are fully integrated, technology agnostic, and were designed side-by-side with operators to drive improved operations.
In April 2023 , Mitsubishi Electric India CNC has announced partnership with SolidCAM, a global leader in innovative CAM software for CNC machines and distribution of related digital manufacturing solutions. The partnership agreement was signed between the two entities on at the CNC eXPerience Park, to establish the brand as a one-stop solution for the Machine Tool End-users.
Intelligent Motor Controller Market Segmentation:
By Motor Type
By Application
Compressors Pumps Fans Others
By Voltage
By Industry
Food & Beverage Pharmaceuticals Oil & Gas Chemicals & Petrochemicals Water & Wastewater Power Generation Metals & Mining Cement & Aggregates Others
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For this report, Introspective Market Research has segmented the Intelligent Motor Controller Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
Eastern Europe
Bulgaria The Czech Republic Hungary Poland Romania Rest of Eastern Europe
Western Europe
Germany UK France Netherlands Italy Russia Spain Rest of Western Europe
Asia Pacific
China India Japan South Korea Malaysia Thailand Vietnam The Philippines Australia New Zealand Rest of APAC
Middle East & Africa
Turkey Bahrain Kuwait Saudi Arabia Qatar UAE Israel South Africa
South America
Brazil Argentina Rest of SA
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Scope of the Report:
The latest research on the Intelligent Motor Controller market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Intelligent Motor Controller industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Intelligent Motor Controller market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Motor Type
3.2 By Application
3.3 By Voltage
3.4 By Industry
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Intelligent Motor Controller Market by Motor Type
5.1 Intelligent Motor Controller Market Overview Snapshot and Growth Engine
5.2 Intelligent Motor Controller Market Overview
5.3 AC
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 AC: Geographic Segmentation
5.4 DC
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 DC: Geographic Segmentation
5.5 Others
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Others: Geographic Segmentation
Chapter 6: Intelligent Motor Controller Market by Application
6.1 Intelligent Motor Controller Market Overview Snapshot and Growth Engine
6.2 Intelligent Motor Controller Market Overview
6.3 Compressors
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Compressors: Geographic Segmentation
6.4 Pumps
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Pumps: Geographic Segmentation
6.5 Fans
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Fans: Geographic Segmentation
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Geographic Segmentation
Continue.
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