Global Motor Controllers Market Growth 2023-2029

Global Motor Controllers Market Growth 2023-2029

A motor controller is a device or group of devices that serves to govern in some predetermined manner the performance of an electric motor. A motor controller might include 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 faults.
LPI (LP Information)' newest research report, the “Motor Controllers Industry Forecast” looks at past sales and reviews total world Motor Controllers sales in 2022, providing a comprehensive analysis by region and market sector of projected Motor Controllers sales for 2023 through 2029. With Motor Controllers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Motor Controllers industry.
This Insight Report provides a comprehensive analysis of the global Motor Controllers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Motor Controllers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Motor Controllers market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Motor Controllers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Motor Controllers.
The global Motor Controllers market size is projected to grow from US$ 14950 million in 2022 to US$ 52030 million in 2029; it is expected to grow at a CAGR of 52030 from 2023 to 2029.
Global Motor Controllers key players include Mitsubishi, Yaskawa, Fanuc, etc. Global top three manufacturers hold a share about 15%.
Asia-Pacific is the largest market, with a share about 50%, followed by Europe, and North America, both have a share about 40 percent.
In terms of product, Servo Motor Controller is the largest segment, with a share over 75%. And in terms of application, the largest application is Automotive, followed by General Industrial, Robots, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Motor Controllers market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Servo Motor Controller
Stepper Motor Controller
Segmentation by application
General Industry
Robots
Automotive
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mitsubishi
Yaskawa
Rockwell
Fanuc
Siemens
ABB
Nidec
Schneider
Delta
Panasonic
Rexroth (Bosch)
Zapi
Eorive
Teco
V&T
Inovance
Moog
Enpower
Greatland Electrics
Kelly Controls
Key Questions Addressed in this Report
What is the 10-year outlook for the global Motor Controllers market?
What factors are driving Motor Controllers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Motor Controllers market opportunities vary by end market size?
How does Motor Controllers break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.