Global Motor Controller Market Size, Share and Analysis by 2028

The motor controller market was valued at US$ 2,800.7 million in 2020 and is projected to reach US$ 4,674.1 million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.

The global motor controller market is segmented into five major regions—North America, Europe, APAC, MEA, and SAM. One of the key factors driving the growth of the motor controller market is the growing adoption of advanced and automated processes in the manufacturing sector coupled with rising penetration of automation in developing region. Industries across the world has been experiencing rapid developments in terms of manufacturing and technology. In this course, the automobile manufacturers are upgrading systems, adding inspection and networking capabilities, and taking advantage of integration technologies to produce a better and cheaper product in lesser time. There is a high demand for direct-drive and servo motors in appliances, e-mobility applications, and Automated Guided Vehicles (AGVs) that are expected to play a significant role in instigating product demand. Additionally, rising demand for electric vehicles and the implementation of stringent government regulations about the use of energy-efficient products are expected to bolster the market growth during the forecast period. Moreover, motor controller devices help enhance the efficiency of production processes and manufacturing facilities in the automotive industry and developing countries such as India, China, Brazil, and Taiwan are adopting advanced motor controller system in their manufacturing industries to produce energy efficient products.     

Impact of COVID-19 Pandemic on Motor Controller Market

The COVID-19 pandemic continues to limit the growth of the overall manufacturing industries owing to disruption in supply chain activities and shutdown of international trade by several countries. As a result, various countries have witnessed drop in the demand for automation products such as elevator control, assembly/packaging equipment, robotics, and flight control systems, which has subsequently negatively affected the performance of the motor controller industry.. Thus, the market is projected to recover in the coming months.

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Motor Controller Market: Strategic Insights

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Market Insight - Motor Controller Market

Rising investments in electric motor vehicles are fostering the demand for motor controllers. Many automotive companies are on the verge of beginning the large-scale manufacturing of electric motor vehicles. In 2019, Ford Motor Co. announced its pace of producing electric motors at its Van Dyke Transmission plant in suburban Detroit. The company is planning to spend ~USD 11.5 billion on electric and hybrid vehicles through 2022; as part of this, the company is expected to deliver 40 electrified vehicles, including 16 completely electric ones. Such ongoing investments on electric vehicle development and production are bolstering the demand for advanced motor controller devices.

Motor Type Segment Insights

Motor controller devices mainly coordinate in predetermined manner the performance of electric motor. A motor controller includes a manual or automatic means for starting and stopping the motor, selecting forward or reverse rotation, selecting and regulating the speed, regulating or limiting the torque, and protecting against overloads and electrical faults. Based on motor type, the motor controller market is bifurcated into on AC Motor and DC Motor.

DC Motors Segment Insights

By DC motors, the brushless DC motor market segment dominated the global motor controller market with 70.39% share in 2020. Also, the same segment is anticipated to continue its dominance during the forecast period to account for 70.19% of the market share by the end of 2028.

Output Power Range Segment Insights

Based on output power range, the 0.6–1.0 HP segment dominated the global motor controller market with 40.94% share in 2020. Also, the same segment is anticipated to continue its dominance during the forecast period to account for 42.21% of the market share by the end of 2028.

Voltage Type Segment Insights

Based on voltage type,the Below 1 kV Motors segment dominated the global motor controller market with 51.74% share in 2020. Also, the same segment is anticipated to continue its dominance during the forecast period to account for 54.57% of the global market share by the end of 2028.

End-User Segment Insights

By end-user, the industrial segment dominated the global motor controller market with 38.66% share in 2020. Also, the same segment is anticipated to continue its dominance during the forecast period to account for 35.01% of the market share by the end of 2028.

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

Motor Controller Market Regional Insights

The regional trends and factors influencing the Motor Controller Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Motor Controller Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Motor Controller Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Motor Controller Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Motor Controller Market are:

1. ABB Ltd.
2. AMETEK Inc.
3. Eaton Corporation plc
4. General Electric Company
5. ANAHEIM AUTOMATION, INC

Disclaimer: The companies listed above are not ranked in any particular order.

The global Motor Controller market has been segmented as follows:

Motor Controller Market– by Motor Type

• AC Motor
• DC Motor

Motor Controller Market– by DC Motor

• Brushed DC Motor Market
• Brushless DC Motor Market

Motor Controller Market – by Output Power Range

• Below 0.5 HP
• 0.6–1.0 HP
• 1.0–3.0 HP
• Above 3.0 HP

Motor Controller Market – by Voltage Type

• Below 1 kV Motors
• 1 kV–6.6 kV Motors
• More than 6.6 kV

Motor Controller Market– by End-User

• Industrial
• Commercial
• Residential
• Transportation
• Agriculture

Motor Controller Market – by Region

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC

• Middle East and Africa (MEA)

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

• South America (SAM)

  • Brazil
  • Argentina
  • Rest of SAM

Motor Controller Market – Companies Profiles

• ABB Ltd.
• AMETEK Inc.
• Eaton Corporation plc
• General Electric Company
• ANAHEIM AUTOMATION, INC
• ARC SYSTEMS INC
• ErieTec Inc
• Microchip Technology Inc.
• Nidec Corporation
• Parker-Hannifin Corporation