Global Intelligent Motor Controller Market Size study & Forecast, by Motor Type (AC, DC, Others), by Voltage (Low, Medium), by Application (Pumps, Fans, Compressors, Others), by End User (Oil & Gas, Power Generation, Water & Wastewater, Others) and Region

Global Intelligent Motor Controller Market Size study & Forecast, by Motor Type (AC, DC, Others), by Voltage (Low, Medium), by Application (Pumps, Fans, Compressors, Others), by End User (Oil & Gas, Power Generation, Water & Wastewater, Others) and Regional Analysis, 2023-2030

Global Intelligent Motor Controller Market is valued at approximately USD 665.03 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% during the forecast period 2023-2030. An Intelligent Motor Controller (IMC) is a sophisticated electronic device designed to manage and control the operation of electric motors in various industrial and commercial applications. Unlike traditional motor controllers, which typically provide basic functions such as starting, stopping, and speed regulation, an IMC integrates advanced technologies and features to enhance efficiency, performance, and reliability. Intelligent Motor Controllers often incorporate microprocessors, sensors, and communication interfaces, allowing them to gather real-time data about motor conditions, power consumption, and environmental factors. This data is then analyzed to optimize motor performance, reduce energy consumption, and predict potential issues before they lead to failures. The Intelligent Motor Controller Market is expanding because of factors such as high demand and adoption of industrial automation, rising demand for smart and multifunctional devices and rising adoption of industrial IoT.

The rising adoption of the Industrial Internet of Things (IIoT) is a significant driver for the growth of the Intelligent Motor Controller (IMC) Market. As industries increasingly embrace the concept of Industry 4.0 and deploy IIoT solutions, the demand for intelligent motor control systems has surged. Intelligent Motor Controllers play a pivotal role in this scenario by seamlessly integrating into IIoT ecosystems, allowing for enhanced connectivity, data exchange, and real-time monitoring of motorized systems. The Statista report also states that the global Industrial Internet of Things (IIoT) Market size in the year 2021 stood at USD 263.52 billion which increased to USD 323.62 billion in the year 2022 and it is projected to reach USD 1110 billion by the year 2028. This rising market share is resulting in market growth. In addition, the growing adoption of electric vehicles and technological advancements are some factors creating new opportunities for market growth. However, the high cost of components of intelligent motor controllers stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Intelligent Motor Controller Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The widespread increase in smart device demand and installation in this region is driven by the growing technological advancements among end-users. North America, known for its rapid adoption of the latest technologies, is experiencing a significant surge in the use of Intelligent Motor Controllers (IMCs) across various end-user industries. Consequently, this heightened adoption is poised to fuel significant growth in the North American region throughout the forecast period. Asia Pacific is expected to grow at the fastest rate over the forecast period, The Asia Pacific region is witnessing substantial growth in its power generation and wastewater management sectors, coupled with a swift integration of automation in various industrial segments. The escalating demand for smart devices, driven by their cost-cutting benefits and enhanced operational efficiency, is a prominent trend. Moreover, there is rise in the installation of smart motors, contributing to the increased utilization of Intelligent Motor Controllers (IMCs). Consequently, these factors collectively propel the growth of the Intelligent Motor Controller Market in the Asia Pacific region throughout the forecast period.

Major market player included in this report are:
General Electric
Mitsubishi Electric Corporation
Siemens AG
ABB
Larsen & Toubro Ltd
Schneider Electric
Lsis Co. Ltd.
Rockwell Automation
NXP Semiconductors
Fairford Electronics

Recent Developments in the Market:
 In November 2022, Rockwell Automation revealed its acquisition of CUBIC, a firm specializing in the development of modular systems for constructing electrical panels. This strategic acquisition is anticipated to bolster Rockwell's already dominant portfolio of intelligent motor control technologies, reinforcing its position in the market.
 In July 2022, Collins Aerospace successfully concluded the preliminary design review for Pratt and Whitney Canada's regional hybrid-electric flight demonstrator, featuring a 1-megawatt electric motor and motor controller. The next phase involves scheduled flight testing in Montreal, set to commence in 2024.

Global Intelligent Motor Controller Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Motor Type, Voltage, Application, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Motor Type:
AC
DC
Others

By Voltage:
Low
Medium

By Application:
Pumps
Fans
Compressors
Others

By End-user:
Oil & Gas
Power Generation
Water & Wastewater
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.