Intelligent Motor Controller Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

An intelligent motor controller utilizes a microprocessor to control power electronic devices that are used for motor control. The IMCs monitor load on the motor and match motor torque to motor load accordingly. Pertaining to the rising demand for saving energy and boosting motor efficiency is contributing toward influencing the growth of IMCs.

MARKET DYNAMICS

The factors attributing toward the growth of the market includes growing demand for multifunctional and smart integrated motor control & protection devices in different industrial plants. In addition to this, the prevalence of industrial automation owing to rising popularity of 5G and industry 4.0 is further expected to create growth prospects for IMCs market and is anticipated to provide ample of growth opportunities to the players operating in the intelligent motor controller market.

MARKET SCOPE

The "Global Intelligent Motor Controller Market Analysis to 2031" is a specialized and in-depth study of the electronics & semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the intelligent motor controller market with detailed market segmentation - volume, type of motor, industry, and geography. The global intelligent motor controller market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading intelligent motor controller market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  Based on voltage, the intelligent motor controller market is segmented into low and medium.

  On the basis of type of motor, the intelligent motor controller market is segmented into AC and DC.

  On the basis of industry, the intelligent motor controller market is segmented into food and beverage, oil and gas, water and wastewater, power generation, pharmaceuticals, chemicals, others.
IMPACT OF COVID-19 ON INTELLIGENT MOTOR CONTROLLER MARKET
The outbreak of the COVID-19 has negatively impacted the growth of the intelligent motor controller market. The pandemic has resulted in massive consequences on industrial plants, due to the closure of manufacturing plants and a temporary halt in manufacturing activities of the world. With the decline in manufacturing activities, demand & procurement of new IMCs got stopped for a while in the first six months of 2021. Also, as a result of the ban on the supply chain, production of IMCs observed ups and down which further impacted their production. All aforesaid factor has caused an adverse impact in the activities of IMCs market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global intelligent motor controller market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The intelligent motor controller market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the intelligent motor controller market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the consumer audio in these regions.

MARKET PLAYERS

The reports cover key developments in the intelligent motor controller market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from intelligent motor controller market are anticipated to lucrative growth opportunities in the future with the rising demand for consumer audio in the global market. Below mentioned is the list of few companies engaged in the intelligent motor controller market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the intelligent motor controller market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ABB Ltd.
  
•   General Electric Company
  
•   Mitsubishi Electric Corporation
  
•   Schneider Electric SE
  
•   Siemens AG
  
•   Larsen and Toubro
  
•   Lsis Co. Ltd.
  
•   NXP Semiconductor
  
•   Rockwell Automation
  
•   Roboteq Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Intelligent Motor Controller Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Voltage Low Medium By Type of Motor AC DC By Industry Food and Beverage Oil and Gas Water and Wastewater Power Generation Chemicals Pharmaceuticals
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ABB Ltd. General Electric Company Mitsubishi Electric Corporation Schneider Electric SE Siemens AG Larsen and Toubro Lsis Co. Ltd. NXP Semiconductor Rockwell Automation