Intelligent Motor Control Market Outlook (2023 to 2033)
As per Future Market Insights, the intelligent motor control market is anticipated to attain a value pool of US 2.75 billion by 2023-end. Global demand for intelligent motor control is expected to rise at a CAGR of 8.1% to US$ 6 Billion in 2033, supported by:
The expansion of the manufacturing industry in developing economies is likely to be a significant driving force in boosting the growth of the intelligent motor control market.
The growing adoption of motorized automation across a variety of end-use industries, in light of benefits like as reduced idle time, is predicted to drive demand for the industry.
With increasing labor costs and a fiercely competitive market resulting in narrow profit margins for businesses, the demand for high-efficiency motors with enhanced supervision and automated processes has expanded significantly.
Intelligent motor control has evolved as a critical component in production processes in a variety of industries. It saves energy by enhancing machine efficiency with the aid of AC and DC power. This characteristic of intelligent motor control has resulted in a rise in demand in recent years, contributing to the overall growth of the market.
Automation is a developing trend that may be seen in a variety of sectors. Increasing labour costs and fierce competition have fuelled the desire for automated technologies in operations. In many industrial operations, automated systems are substituting manual labour. In the future, the market is likely to raise due to increased automation methods in major end-use sectors such as power production, waste and wastewater treatment and oil & gas. Intelligent motor control’s capacity to conserve energy is a major development factor for the worldwide intelligent motor control market. Increased need for motor-controlled protection devices, are likely to drive demand for the intelligent motor control industry.
Data Points
Key Statistics
Expected Intelligent Motor Control Market Value in 2023
US$ 2.75 Billion
Projected Intelligent Motor Control Market Value in 2033
US$ 6 Billion
Growth Rate (2023 to 2033)
8.1% CAGR
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Development of Intelligent Motor Control Market in the Europe
The European market is expected to grow at a 7.7% CAGR over the projected period, owing to the region's increased usage of smart devices. Germany and the United Kingdom are expected to be the most prominent contributors to the growth of the European intelligent motor control market.
Manufacturers are anticipated to boost spending on the development of new goods with reduced insolation costs and improved user-friendliness. Because of the ease of access of OEMs, the majority of industry players are expected to maintain their manufacturing units close to European Commission countries.
The Automotive Segment to Enhance the Growth Prospects
Intelligent motor control is extensively used in the production of automobiles and other transportation vehicles such as ships and railway carriages. Because of the presence of a healthy automotive manufacturing industry and increased penetration of industrial automation, intelligent motor control demand in vehicle production is predicted to rise steadily, notably in Germany, the United States, and Japan. The rising demand for vehicles is likely to continue beyond the projection period, creating a requirement for efficient manufacturing equipment and technology.
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Recent Developments in the Intelligent Motor Control Market
In September 2022 - Mitsubishi Electric Corporation announced that it has developed, in collaboration with Toshiba Mitsubishi-Electric Industrial Systems Corporation, an electrical motor-design support system that incorporates Mitsubishi Electric's Maisart®* AI technology to significantly reduce the time required to produce electrical motor designs that achieve the same performance as conventional design methods deployed manually by skilled engineers. TMEIC intends to implement the system for internal operations in fiscal year 2024.
Intelligent Motor Control Market Analysis
This Intelligent Motor Control Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.
This study is one of the most comprehensive documentation that captures all the facets of the evolving Intelligent Motor Control Analysis market.
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Intelligent Motor Control Market: Introduction
Intelligent motor control provides crucial diagnostic information in order to optimize performance with real-time access to trends in operation and performance. Access to production and machine data makes it feasible to enhance production and mitigate downtime, increase productivity, and increase profitability.
In several industrial plants, which often have multiple integrated motors to provide the required movement, any unplanned or abrupt motor malfunctioning could lead to result in process sequence failures, which can be very cost-intensive. Intelligent motor control ensures a stable production process with effective management and safety of these engines which is of vital importance for ensuring a controlled production sequence.
Owing to being one of the key necessary element in several industries, the demand for intelligent motor control is anticipated to witness substantial growth across the globe. This in turn is estimated to contribute to the growing market for intelligent motor control during the forecast period.
Intelligent Motor Control Market: Dynamics
Intelligent motor control market growth is driven by factors such as growing focus on developing efficient manufacturing and production processes along backed by rising industrial automation level.
Focus on open communication networks, energy saving, improving efficiency by organizations along with and growing manufacturing and Internet of Things are estimated to stimulate the intelligent motor control market. Increased production efficiency and the growth of infrastructure also contribute to the rising curve of the market for Intelligent Motor Control.
An increasing number of intelligent motor control applications in the automotive, oil & gas, cement manufacturing and textile industries are expected to open up opportunistic avenues for the market over the forecast period. This also includes increasing introduction of the latest technologies in the industrial automation market, the increasing number of R&D activities and the presence of well-established manufacturing infrastructure.
An ongoing trend in the market is device-level integration of digital communication used to the full extent of the electronic controls that are currently being implemented in industrial plants. In built device level status monitoring and communications have boosted the practicality and affordability of complete intelligent motor controlintegration at the plant level.
Advanced features such as real-time data transfer in Intelligent Motor Control is given preference over conventional motors.
Intelligent Motor Control Market: Regional Outlook
In terms of geographical segments, Europe is accounted as one of the prominent market for intelligent motor control during the forecast period owing to investments in energy-efficient devices and their use in end-use industries such as power generation which have helped to drive the global market for intelligent motor control.
Wide range of industrial clusters and the high level of process automation makes North America a potential market to invest in. Asia Pacific is projected to foresee massive growth due to the growing urbanization and industrialization in the region. Growing addition of power generation capacity and demand for electricity will further improve the region's intelligent motor control market growth.
Emerging economies such as India, China and Singapore will flourish adhering to strong economic growth, increased manufacturing activity and significant investment by leading players in the industry
The research report presents a comprehensive assessment of the Intelligent Motor Control Market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to intelligent motor control market segments such as geographies, valve type, and vehicle type.
The report covers exhaustive analysis on
Intelligent Motor Control Market Segments
Intelligent Motor Control Market Dynamics
Intelligent Motor Control Market Size
Intelligent Motor Control Supply & Demand
Intelligent Motor Control Current Trends/Issues/Challenges
Intelligent Motor Control Competition & Companies involved
Intelligent Motor Control Technology
Intelligent Motor Control Value Chain
Regional analysis includes
North America (USA, Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, United Kingdom, Spain, Russia)
South Asia (India, Indonesia, Thailand)
East Asia (China, Japan, South Korea,)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The global Intelligent Motor Control Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The global Intelligent Motor Control Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global Intelligent Motor Control Market report also maps the qualitative impact of various market factors on market segments and geographies.
Intelligent Motor Control Market: Segment
On the basis of operating voltage, the global intelligent motor control market has been segmented as:
Low Voltage Intelligent Motor Control
Medium Voltage Intelligent Motor Control
High Voltage Intelligent Motor Control
On the basis of motor type, the global intelligent motor control market has been segmented as:
AC motor
DC motor
On the basis of end use, the global intelligent motor control market has been segmented as:
