Market Overview:
The global smart motor controllers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and smart motor controllers across different industries. The market is segmented on the basis of type, application, and region. On the basis of type, the global smart motor controllers market is segmented into low voltage motors, medium voltage motors, and high pressure motors. Low voltage motors are further sub-segmented into squirrel cage induction motors (SCIMs) and permanent magnet synchronous motors (PMSMs). Medium voltage Motors are further sub-segmented into wound rotor induction machines (WRIMs) and synchronous reluctance machines (SRMs). High pressure Motors are further sub-segmented into hydraulic piston pumps/motors and vane pumps/motors.
Product Definition:
A smart motor controller is a device that can control the speed and direction of a motor. It can also monitor the condition of the motor and make adjustments to ensure that it runs safely. A smart motor controller is important because it allows for more efficient and safe operation of motors.
Low Voltage Motor:
Low voltage motors are used in various applications such as medical equipment, industrial machinery, and consumer goods. They are also known as electric motors or motor magnets. The working principle of low voltage motors is different from that of high voltage ones; they operate on the basis of magnetic fields generated by windings rather than electrical charges flowing through them.
Medium Voltage Motor:
Medium voltage (MV) motors are used in applications such as medical equipment, industrial robotics, and smart motor controllers. They are also known as electric motors or electro-mechanical machines. These devices convert electrical energy to mechanical energy by using the rotational motion of a magnetic field through the use of windings around a rotor.
Application Insights:
The application segment is segregated into five parts including oil & gas, power & water, food, mining, chemicals and pharmaceutical. In 2017 the power & water segment dominated the global smart motor controllers market with a revenue share of over 40%. The growth can be attributed to increasing demand for electric vehicles in developed countries such as U.S., Germany and Japan. These countries are also characterized by cold climate which requires large scale energy storage systems to provide heating or cooling requirements during winters or summers respectively. This has resulted in increased penetration of electric vehicles coupled with rising need for HVAC applications that utilize smart motors controller chipsets thereby driving the demand for SMC chips across various end-use industries globally.
The oil & gas industry is one of the leading end-users owing to its requirement on a continuous basis for drilling rigs.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization, which has led to an increasing demand for smart motor controllers. China, Japan, South Korea and India are some of the major countries that have contributed significantly toward regional growth owing to their large manufacturing sector.
The European market is anticipated to witness significant growth over the forecast period owing to a rise in investments by prominent players in R&D activities as well as new product launches aimed at meeting growing consumer demand across various industries such as oil & gas, power & water and pharmaceutical among others. Moreover, Europe being a technologically advanced region offers great opportunities for industry expansion through innovative products with superior performance characteristics at competitive prices along with high-quality standards throughout the life cycle of a product offering enhanced services such as after sales service or spare parts availability thereby contributing significantly toward regional revenue generation.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for smart motor controllers, as they are used in electric vehicles.
- Rising awareness about energy efficiency: There is a growing awareness among consumers about the importance of energy efficiency and its impact on the environment. This is driving them to adopt energy-efficient products, including smart motor controllers.
- Growing demand from industrial sector: The industrial sector accounts for a significant share of the global electricity consumption and is expected to grow at a CAGR of more than 5% during the forecast period. This will create opportunities for growth in the smart motor controller market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Motor Controllers Market Research Report
By Type
Low Voltage Motor, Medium Voltage Motor, High Pressure Motor
By Application
Oil & Gas, Power & Water, Food, Mining, Chemicals, Pharmaceutical
By Companies
ABB, GENERAL ELECTRIC, MITSUBISHI ELECTRIC, SCHNEIDER ELECTRIC, SIEMENS, LARSEN & TOUBRO, LSIS, NXP SEMICONDUCTORS, ROCKWELL AUTOMATION, FAIRFORD ELECTRONICS, ABB, ROBOTEQ
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Smart Motor Controllers Market Report Segments:
The global Smart Motor Controllers market is segmented on the basis of:
Types
Low Voltage Motor, Medium Voltage Motor, High Pressure Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Power & Water, Food, Mining, Chemicals, Pharmaceutical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- GENERAL ELECTRIC
- MITSUBISHI ELECTRIC
- SCHNEIDER ELECTRIC
- SIEMENS
- LARSEN & TOUBRO
- LSIS
- NXP SEMICONDUCTORS
- ROCKWELL AUTOMATION
- FAIRFORD ELECTRONICS
- ABB
- ROBOTEQ
Highlights of The Smart Motor Controllers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Voltage Motor
- Medium Voltage Motor
- High Pressure Motor
- By Application:
- Oil & Gas
- Power & Water
- Food
- Mining
- Chemicals
- Pharmaceutical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Motor Controllers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart motor controllers are electronic devices that manage the speed, direction and power of electric motors. They can be used to improve the performance of electric vehicles by controlling torque and reducing energy consumption.
Some of the major companies in the smart motor controllers market are ABB, GENERAL ELECTRIC, MITSUBISHI ELECTRIC, SCHNEIDER ELECTRIC, SIEMENS, LARSEN & TOUBRO, LSIS, NXP SEMICONDUCTORS, ROCKWELL AUTOMATION, FAIRFORD ELECTRONICS, ABB, ROBOTEQ.
The smart motor controllers market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Motor Controllers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Motor Controllers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Motor Controllers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Motor Controllers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Motor Controllers Market Size & Forecast, 2020-2028
4.5.1 Smart Motor Controllers Market Size and Y-o-Y Growth
4.5.2 Smart Motor Controllers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Voltage Motor
5.2.2 Medium Voltage Motor
5.2.3 High Pressure Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Power & Water
6.2.3 Food
6.2.4 Mining
6.2.5 Chemicals
6.2.6 Pharmaceutical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Motor Controllers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Motor Controllers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Voltage Motor
9.6.2 Medium Voltage Motor
9.6.3 High Pressure Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Power & Water
9.10.3 Food
9.10.4 Mining
9.10.5 Chemicals
9.10.6 Pharmaceutical
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Voltage Motor
10.6.2 Medium Voltage Motor
10.6.3 High Pressure Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Power & Water
10.10.3 Food
10.10.4 Mining
10.10.5 Chemicals
10.10.6 Pharmaceutical
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Voltage Motor
11.6.2 Medium Voltage Motor
11.6.3 High Pressure Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Power & Water
11.10.3 Food
11.10.4 Mining
11.10.5 Chemicals
11.10.6 Pharmaceutical
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Voltage Motor
12.6.2 Medium Voltage Motor
12.6.3 High Pressure Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Power & Water
12.10.3 Food
12.10.4 Mining
12.10.5 Chemicals
12.10.6 Pharmaceutical
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Voltage Motor
13.6.2 Medium Voltage Motor
13.6.3 High Pressure Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Power & Water
13.10.3 Food
13.10.4 Mining
13.10.5 Chemicals
13.10.6 Pharmaceutical
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Motor Controllers Market: Competitive Dashboard
14.2 Global Smart Motor Controllers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 GENERAL ELECTRIC
14.3.3 MITSUBISHI ELECTRIC
14.3.4 SCHNEIDER ELECTRIC
14.3.5 SIEMENS
14.3.6 LARSEN & TOUBRO
14.3.7 LSIS
14.3.8 NXP SEMICONDUCTORS
14.3.9 ROCKWELL AUTOMATION
14.3.10 FAIRFORD ELECTRONICS
14.3.11 ABB
14.3.12 ROBOTEQ
