Intelligent Motor Controller Market Overview:

Intelligent Motor Controller Market is expected to grow at a 5.50% CAGR during the forecast period.

COVID-19 impact on the global intelligent motor controller market has been broken down by major regions, with comprehensive market forecasts based on products/applications on a regional basis.

Intelligent motor controllers are a new class of integrated circuits (IC) that save major engineering costs when building high-performance multi-phase motor drives, such as brushless DC motors and three-phase AC induction motors. These controllers are mainly designed to meet the requirements of low-cost, variable-speed, and 3-phase AC motor control systems. Such motor controllers are also adaptable and configurable on the basis of their working conditions. Some of the main applications where intelligent motor controllers are deployed include low horsepower HVAC motors, process control, commercial laundry and dishwashers, pumps, and fans.

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Market Dynamics

Increased uptime, increased motor performance and energy savings, and increased demand for smart, multi-functional, and integrated motor control and protection devices are some of the key factors expected to drive the global market for intelligent motor controller. In addition, the growing adoption of industrial automation in developed regions creates major opportunities for the market for intelligent motor controller.

oreover, governments around the world are focused on reducing energy use in industries and households by encouraging them to use energy-saving techniques. Intelligent motor controllers offer the perfect solution for saving energy by improving the efficiency of the machines using AC and DC power. This will help to boost the growth of the market for intelligent motor controllers.

The global market for intelligent motor controllers is projected to grow at a significant rate during the projected period due to the increasing demand for smart and intelligent motor control devices, including intelligent motor controllers. Governments around the globe are focusing on the implementation of strict energy efficiency regulations. For example, the U.S. Department of Energy (DOE) has been setting the guidelines for commercial, consumer, and industrial equipment since the establishment of the Energy Policy and Conservation Act (EPCA) of 1975.

Market Segmentation

The global market for intelligent motor controller has been segmented into voltage, motor type, application, and end-use. 

Based on voltage, the global intelligent motor controller market has been divided into low and medium. Low voltage dominates the market, since most applications in the low voltage segment are fixed-speed applications. Intelligent motor controllers are a cost-effective solution for motor control and safety compared to other alternatives.

Based on motor type, the global intelligent motor controller market has been divided into AC, DC, stepper, and others.

Based on the application, the global intelligent motor controller market has been divided into pumps, fans, compressors, and others.

Based on end-use, the global intelligent motor controller market has been divided into oil gas, waste water waste, power generation, food beverage, metals mining, chemical petrochemicals, pharmaceutical, and others.  

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Regional Analysis

By region, the global intelligent motor controller market has been segmented into North America, Asia Pacific, South America, Europe, and the Middle East Africa. 

The global intelligent motor controller market is predicted to see a moderate growth rate during the forecast period. As per the International Energy Agency, investment in energy-efficient appliances continued to expand by 9% in 2016 and is projected to reach USD 231 billion by 2020. China has shown the highest growth rate at 24%, followed by countries in Europe. Investments energy efficient appliances and their use in end-use industries like oil gas and power generation have helped propel the global market for intelligent motor controllers.

Key Players

Some of the key participants operating in the global intelligent motor controller market are ABB (Switzerland), Larsen Toubro (India), General Electric (US), Mitsubishi Electric Corporation (Japan), Schneider Electric (France), Siemens (Germany), NXP Semiconductors (Netherlands), Rochwell Automation (US), Lsis Co. Ltd (South Korea), Fairford Electronics (UK).