Worldwide Motor Controller Industry to 2028 – Escalating Adoption of Industrial Internet of Things Presents Opportunities

Dublin, June 02, 2021 (GLOBE NEWSWIRE) — The “Motor Controller Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Motor Type, DC Motor, Output Power Range, Voltage Type, and End-User” report has been added to’s offering.

The motor controller market was valued at US$ 2,800.7 million in 2020 and is projected to reach US$ 4,674.1 million by 2028; it is expected to grow at a CAGR of 6.61% from 2020 to 2028.

The rising investments in electric motor vehicles are fostering the demand for motor controller across the world. Many automotive companies worldwide are initiating to manufacture electric motor vehicle on a large scale. For instance, in August 2020, Hitachi Automotive Electric Motor Systems Ltd. established Hitachi Automotive Electric Motor Systems America, Inc. in Kentucky for the development, manufacturing, and sale of electric vehicle motors. The ongoing investment in electric vehicle manufacturing in the US is expected to bolster the motor controller market in coming years. Furthermore, several supportive governments policies for the manufacturing sector are propelling the demand for motor controller devices in developing nations. For Instance, the Make in India campaign by the Government of India has motivated many domestic and foreign players to set up their manufacturing plants in India.

The rising adoption of the Industrial Internet of Things (IIoT) in the manufacturing sector is providing noteworthy opportunities to the motor controller market players. The widespread use of robotics, sensors, centralized tracking, and quality inspection to form a smart manufacturing plant is triggering the adoption of IIoT. Technological advancements in the field of IoT, for designing ecosystem plants to reduce the power consumptions and increase factory’s safety is expected to increase the demand for motor controller in the upcoming years. Further, the advent of artificial intelligence (AI) usage in IIoTs for advancing the automation of plants and machines are expected to boost the demand for AI enabled motor controller devices in coming years. The demand for motor controllers is set to increase in residential applications as the IoT facilitates the integration of residential spaces with connected devices. Further, IIoT-powered industrial control systems (ICS) facilitate productivity and safety at work; these systems manage temperature and sensory equipment, manufacturing lines, and security devices, among others.

A few key companies operating in the motor controller market and profiled in the report are Mitsubishi Electric Corporation.; Schneider Electric; Fanuc Corporation; Yaskawa Electric Corporation.; Nidec Industrial Solution; Rockwell Automation, Inc.; Panasonic Corporation.; and ABB.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Motor Controller Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Motor Controller Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 High Demand for Advanced and Automated Processes in Industrial Sector

5.1.2 Rising Investments in FMCG Sector and Supportive Government Policies for Manufacturing Sector in Developing Countries

5.2 Market Restraints

5.2.1 High maintenance Cost of Direct Control (DC) Motor

5.3 Market Opportunities

5.3.1 Escalating Adoption of Industrial Internet of Things

5.4 Future Trends

5.4.1 Growing Intelligent Motor Controllers

5.5 Impact Analysis of Drivers and Restraints

6. Motor Controller – Global Market Analysis

6.1 Overview

6.2 Global Motor Controller Market Forecast and Analysis

6.2.1 Global Motor Controller Market, by Region – Revenue and Forecast to 2028 (USD Million)

6.3 Market Positioning – Global Market Players Ranking

7. Motor Controller Market Analysis – By Motor Type

8. Motor Controller Market Analysis – By Output Power Range

9. Motor Controller Market Analysis – By Voltage Type

10. Motor Controller Market Analysis – By End-User

11. Motor Controller Market – Geographic Analysis

12. Impact of COVID-19 Outbreak

12.1 Overview

12.2 Impact of COVID-19 Pandemic on Global Motor Controller Market

12.2.1 North America: Impact Assessment of COVID-19 Pandemic

12.2.2 Europe: Impact Assessment of COVID-19 Pandemic

12.2.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic

12.2.4 MEA: Impact Assessment of COVID-19 Pandemic

12.2.5 SAM: Impact Assessment of COVID-19 Pandemic

13. Global Motor Controller Market-Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition

13.4 New Development


14.1 ABB Ltd.

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 AMETEK Inc.

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Eaton Corporation plc

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 General Electric Company

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments


14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments


14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 ErieTec Inc

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Microchip Technology Inc.

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Nidec Corporation

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Parker-Hannifin Corporation

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

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