Motor Controller Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Motor Type (AC Motor and DC Motor), DC Motor (Brushed DC Motor Market and Brushless DC Motor Market), Output Power Range (Below 0.5 HP, 0.6-1.0 HP, 1.0-3.0 HP, and Above 3.0 HP), Voltage Type (Below 1 kV Motors, 1 kV-6.6 kV Motors, and More than 6.6 kV), and End-User (Industrial, Commercial, Residential Transportation, and Agriculture)

The motor controller is used as a mechanical switch to control the speed, start/ stop and rotation of the motor in a more accurate way. Motor controllers can be manually, remotely or automatically operated and can be connected to a power source, such as a battery pack or power supply, and control circuitry in the form of analog or digital input signals. Moreover, the major functions of most control systems are to provide protection for both the circuit components and the motor.

Rising investments in electric motor vehicles are fostering the demand for motor controllers. Many automotive companies are on the verge of beginning the large-scale manufacturing of electric motor vehicles. In 2019, Ford Motor Co. announced its pace of producing electric motors at its Van Dyke Transmission plant in suburban Detroit. The company is planning to spend ~US$ 11.5 billion on electric and hybrid vehicles through 2022; as part of this, the company is expected to deliver 40 electrified vehicles, including 16 completely electric ones. Such ongoing investments in electric vehicle development and production are bolstering the demand for advanced motor controller devices.

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Further, the rising investments on electric motor vehicles are fostering the demand for motor controller market globally. Many automotive companies across the regions are initiating to manufacture electric motor vehicle on large scale. For Instance, In August 2020, Hitachi Automotive Electric motor Systems Ltd. has established Hitachi Automotive Electric Motor Systems America, Inc. in Kentucky for the development, manufacture and sale of electric vehicle motors. The ongoing investment to manufacture electric vehicle in the U.S is expected to positively influence the motor controller market in the upcoming years. Furthermore, several governments supportive policies         for manufacturing sector are expected to propel 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 Indian territory. To quote another instance, Made in China 2025 is another national strategic plan to further develop the manufacturing sector of the People’s Republic of China.

The motor controller market is segmented on the basis of motor type, DC motor, output power range, voltage type, end-user, and geography. Based on motor type, the market is bifurcated into AC motor and DC motor. In 2020, The AC motor segment represented a larger share of the overall market. Based on DC motor, the motor controller market is bifurcated into brushed DC motor market and brushless DC motor market. The brushless DC motor market segment represented a larger market share in 2020. By end-user, the industrial segment is expected to dominate the market during 2021-2028.

Based on geography, during the forecast period APAC is estimated to dominate the motor controller market. The rapidly growing industrialization primarily across China, Japan, India, and South Korea has propelled the growth of the manufacturing industry, which in turn has fueled the product adoption and driven the market growth in APAC. In addition, over the past few years, various industry players have shifted their manufacturing bases and research & development centers to the developing nations owing to lower labor cost, supportive regulatory policies, and lower production cost, which has increased the demand for motor controller in APAC. In 2020, Europe is expected to hold the second largest share in the motor controller market. The increasing adoption of digitalization across Europe is influencing different industries to maximize their capabilities and experiencing high adoption of advanced technology across the manufacturing and automotive sectors in the region. This is helping various industries to enhance their productivity with reduced power consumptions, which is turning the industry’s operation into profitability and creating demand for motor controllers.

Overall size of the motor controller market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the motor controller market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the motor controller market.

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