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 | |