Global Intelligent Motor Controller Market Highlights:
ABB (Switzerland), General Electric (US), Mitsubishi Electric Corporation (Japan), Schneider Electric (France), Siemens (Germany), Larsen & Toubro (India), Lsis Co. Ltd (South Korea), NXP Semiconductors (Netherlands), Rochwell Automation (US), Fairford Electronics (UK).
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Market Drivers and Restraints:
The global intelligent motor controller market is projected to grow at a significant rate during the forecast period owing to the rising demand for smart and intelligent motor control devices, including intelligent motor controllers. Government across the globe are focusing on implementing stringent regulations in terms of energy efficiency. For instance, the U.S. Department of Energy (DOE) has been setting the standards for consumer, commercial, and industrial equipment since the establishment of the Energy Policy and Conservation Act (EPCA) of 1975. Regulations regarding motion control and drive systems are now moving to the forefront following earlier improvements in motor efficiencies, thereby driving the global market for intelligent motor controllers.
Increased industrial plant up-time, increasing motor efficiency and energy savings, and the growing demand for smart, multifunctional, and integrated motor control and the protection devices are some of the major factors that are expected to drive the global intelligent motor controller market. Moreover, the increasing adoption of industrial automation in developed regions present significant opportunities for intelligent motor controller market. Moreover, governments across the world are focusing on reducing energy consumption in industries and households by encouraging them to use energy-saving techniques. Intelligent motor controllers offer an ideal solution for energy saving by increasing the efficiency of the machines using AC and DC power. This will help to increase the growth of intelligent motor controller market.
Market Segments Analysis:
The global intelligent motor controller market has been segmented based on voltage, motor type, application, end-use, and region.
On the basis of voltage, the market has been divided into low and medium. The low voltage sub-segment dominates the market as most applications in the low voltage segment are fixed speed applications. Intelligent motor controllers are a cost-effective solution for motor control and protection as compared to other alternatives.
Regional Market Outlook:
The global intelligent motor controller is expected to witness a moderate growth rate during the forecast period. According to the International Energy Agency, in 2016, investments in energy efficient appliances continued to grow by 9% and is expected to reach USD 231 billion by 2020. China showed the highest growth rate at 24%, followed by countries in Europe. Investments in energy efficient appliances and their use in end-use industries, such as oil & gas and power generation, have helped drive the global intelligent motor controller market.
Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
6 Global Intelligent Motor Controller Market, By Voltage
6.1 Introduction
6.2 Low
6.2.1 Market Estimates & Forecast, 2017–2024
6.2.2 Market Estimates & Forecast, By Region, 2017–2024
6.3 Medium
6.3.1 Market Estimates & Forecast, 2017–2024
6.3.2 Market Estimates & Forecast, By Region, 2017–2024
7 Global Intelligent Motor Controller Market, By Motor Type
Continued…
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