Report ID: UCMIG20D2049
Report ID:
UCMIG20D2049 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for intelligent motor controllers had a value of USD 569.3 million in 2020 and is projected to reach USD 866.0 million by 2028, growing at a CAGR of 5.5% during the 2021-2028 period, starting from USD 597.5 million in 2021. Due to the global impact of COVID-19, the power industry faced a negative demand shock in all regions during the pandemic, causing the global market to decline by -6.8% in 2020. However, the sudden increase in CAGR is attributed to the the rising labor costs and a highly competitive market, which has led to a low-profit margin for companies, the need for high-efficiency motors with improved control and automated systems has increased considerably., which is expected to return to pre-pandemic levels once the pandemic is over.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electrical Components & Equipment by segment aggregation, the contribution of the Electrical Components & Equipment in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Intelligent Motor Controller was estimated to be valued at US$ XX Mn in 2021.
The Intelligent Motor Controller Market is estimated to grow at a CAGR of XX% by 2028.
The Intelligent Motor Controller Market is segmented on the basis of Motor Type, Voltage, Application, End-user, Region.
Based on region, the Intelligent Motor Controller Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Intelligent Motor Controller Market are General Electric (U.S.), Mitsubishi Electric (Japan), Siemens AG (Germany), ABB (Switzerland), Larsen & Toubro (India), Schneider Electric (France), Lsis Co. Ltd. (South Korea), Rockwell Automation (India), NXP Semiconductors (Netherlands), Fairford Electronics (U.S.), Roboteq Inc. (U.S.), Nanotec Electronic GmbH & Co. (Germany).
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Report ID: UCMIG20D2049