Global Motion Control Market – Overview
Upsurge in the demand for automation in various areas of daily life have pushed the development of the motion control market to new heights. Market reports linked to the semiconductors & electronics sector made available by Market Research Future along with published reports on other sectors have been recently published along with a report on this market. The industry is expected to expand with a CAGR of 6 percent approximately while achieving revenues worth US $22 billion in the forecast period.
The upsurge in the concentration levels of automation in sectors such as commercial and manufacturing areas have led to the expansion of this sector. High levels of quality and flexibility achieved by the products related to motion control have created new scopes for the development of the market. Intensifying investment levels and growing number of production facilities have paved the way for a significantly robust growth phase of the industry in the forecast period.
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Key Players
The key players in the market of motion control are- ABB Group (Switzerland), Rockwell Automation, Inc., (U.S.), Parker Hannifin Corporation (U.S.), Siemens AG (Germany), STMicroelectronics N.V. (Switzerland), Motion Control Corporation (U.S.), Schneider Electric (France), Trio Motion (U.S.), Emerson Electric (U.S.), AMETEK, Inc. (U.S.), Aerotech Inc. (U.S.) among others.
Motion Control Global Market – Segmentation
The Motion Control Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Component: Comprises Controller, Drives, Motors, Software among others.
- Segmentation by Technology: Comprises Pneumatic, Hydraulic, and Electromechanical Actuation and others.
- Segmentation by Application: Comprises Inspection, Material handling, Packaging and others
- Segmentation by Industry: Comprises Manufacturing, Healthcare, Automotive, Aerospace & Defense, Oil & Gas, and Robotics among others
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Motion Control Global Market – Regional Analysis
North America is dominating the global Motion control market with the largest market share due to the high consumption of electronic equipment and rich presence of healthcare industry, which is gaining demand in Motion control market in these region, and is expected to gain growth by 2022. Global Motion control market in European market is expected to grow at a substantial high CAGR during 2016 to 2022. The Asia Pacific market for Motion control market is expected to grow at a considerable CAGR (2016-2022) due to strong presence of manufacturing companies in China, Japan and South Korea.
Industry Updates:
April 2018 Parker Hannifin which is the global leader in motion and control technologies, through their Electromechanical & Drives Division have announced a motion control design tool for engineers to aid with appropriate selection of electromechanical linear motion. The Virtual Engineer offers an intuitive interface where users can effortlessly enter their application conditions such as speed, load, and external forces then quickly direct to accurately sized product choices. The tool also delivers a custom specification report, CAD models, and flawlessly makes a ready-to-issue request for quote. By linking directly with Parker motion control experts, the Virtual Engineer takes association to a new level, and by increasing the efficiency of valuable engineering resources. However, Virtual Engineer will currently support Parker Electromechanical and Pneumatic products.
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Global Competitive Analysis
Contenders who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario. With the ability to sustain their competitive edge being one of the primary factors driving their efforts, the scope for growth in the industry appears to be promising through the forecast period. The rising affinity for diversification in the market, has indirectly enabled the players to utilize the many prospects available. The companies in this particular industry are also trying to maintain and enhance financial liquidity that can be instrumental to invest in growth strategies as and when they become available. This particular trend has enabled portfolio improvements along with the affinity for diversification in the sector, which has benefitted the market competitors tremendously in this industry.
The well-known competitors in the industry of motion control are Rockwell Automation, Inc., (U.S.), ABB Group (Switzerland), Parker Hannifin Corporation (U.S.), STMicroelectronics N.V. (Switzerland) and Siemens AG (Germany) to name a few.
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