According to the new market research |
controller. |
report " Intelligent Motor Controller |
The oil & gas industry is expected to |
Market by Voltage( Low & Medium), by |
occupy the largest share of the |
Motor Type, by End User( Oil & Gas, |
intelligent motor controller market, by |
Power & Water, Food, Mining, |
end-user. |
|
Chemicals, & Pharmaceutical), by
Application( Pump, Fan & Compressor),
& by Region- Global Trends &
Forecasts to 2021 ", The intelligent motor controller market is projected to grow from an estimated USD 656.9
Million in 2016 to USD 857.6 Million by
2021, at a CAGR of 5.48 % from 2016 to
2021.
|
The oil & gas industry is the largest end-user industry for intelligent motor controller, due to the large-scale application of motor driven equipment in the industry. Water and wastewater, power generation, and food and beverage industries are the other major end-users that employ smart motor control systems. The market for |
Increasing demand for smart, |
intelligent motor controller in the water |
multifunctional, and integrated devices |
and wastewater industry is expected to |
in industries; growing concerns |
grow at the highest CAGR during the |
regarding motor efficiency; and rising |
forecast period. This growth is |
adoption of industrial automation in |
attributed to rising urbanization and |
developing regions are driving the |
pressure on efficient use of existing |
global market for intelligent motor |
water resources. |
AC motors are estimated to constitute |
controller market during the forecast |
the largest segment of the intelligent |
period. Europe is estimated to be the |
motor controller market. AC motors are |
largest market for intelligent motor |
widely employed within the industry, |
controller in 2016, with Germany |
owing to low-cost, robust construction, |
expected to lead the market in terms of |
and compatibility with almost all |
growth rate from 2016 to 2021. North |
industrial applications. Major end-user |
America is expected to surpass the |
industries such as oil and gas, water |
European market by 2021, owing to |
and wastewater, power generation, and |
higher projected growth rate. |
food and beverage employ AC motors |
Meanwhile, in this report, the intelligent |
for diverse applications. Intelligent |
motor controller market has been |
motor controller for other motor types |
analyzed with respect to five regions, |
such as DC, stepper, and servo |
namely, Asia-Pacific, Europe, North |
constitute a very small share, and is |
America, South America, and the |
projected to grow at a slower rate as |
Middle East and Africa. The intelligent |
compared to AC motors segment. |
motor controller industry is expanding |
Europe is currently the largest market; |
in developed countries, owing to rising |
however, North America is poised to |
preference for smart devices. |
dominate the global intelligent motor | |