Motion Control Drive Market - Snapshot
A motion controller contains motion profiles and target positions and it creates trajectories for motors and/or actuators. Motion control drives are an integral part of motion controllers. They are mostly used for process automation in various end-use industries such as electronics and assembly, robotics, semiconductors, and food & beverages among others. This is due to the advancement in processing speed, precision, and reliability of these systems. Also, increasing complexity in electronic equipment manufacturing processes is driving the need for high-tech motors, drives, and controllers. This is further likely to drive the motion control drive market during forecast the period. In 2017, the global motion control drive market was valued at US$ 6,446.99 Mn and is anticipated to reach US$ 11,681.10 Mn in 2026, expanding at a CAGR of 6.9% during the forecast period.
Motion control drives are easier to use and integrate with existing systems. This creates significant investment opportunities for motion control drive manufacturers. This is anticipated to have a positive impact on the overall global motion control drives market.
Automation in various industry verticals can help in reducing the risks at manufacturing plants by replacing human labor with motion control drives for redundant procedures in factory outlets. The adoption of advanced and automated systems for factory automation in order to ensure a safe manufacturing environment in industries is likely to offer substantial potential for the growth of the motion control drives market.
However, the high cost of and significant demand for skilled labor for optimal functioning of devices in process automation is anticipated to indirectly hamper the motion control drives market.
In terms of type, AC drive is expected to be the most preferred type of drive used across the world. Performance capabilities, favorable prices, and low energy consumption make AC drives a unique type of motion control drive.
In terms of type of axis, multi axis drives are projected to be highly prefered. Rapid developments in technology have led to increased demand for multi axis drives in high-performance automation and robotic applications. As a result, motion control drive manufacturers have been developing new products and systems that can adapt to their varying demands, thus offering numerous opportunities to multi axis drives.
An increasing number of players are boosting their share of the global motion control drive market through strategic mergers and acquisitions and partnerships with several small players. In November 2016, ABB Ltd. introduced a highly dynamic motion control package, containing the new MicroFlex e-series servo motor and e190 servo drive. It ensures improved machine designs for a variety of motion applications. Some of the prominent players operating in the motion control drive market include ABB Ltd., Allied Motion Inc, Fuji Electric Co. Ltd, Lin Engineering, Inc., Mitsubishi Electric Corporation, National Instruments, Inc., Omron Corporation, PICS, INC., Rockwell Automation Inc., Schneider Electric S.E., Siemens AG, Toshiba Corporation, YASKAWA Electric Corporation, and Yokogawa Electric Corp.
Motion Control Drive Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the motion control drive market at the global and regional level. The report provides analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report highlights all the major trends and services playing a key role in the growth of the motion control drive market during 2018 - 2026. It also focuses on market drivers, restraining factors, and opportunities of the motion control drive market during the said period. The study provides a complete perspective about the motion control drive market throughout the research study in terms of value (in US$ Mn and Thousand Units) across various geographies, including Asia Pacific, South America, North America, Middle East & Africa (MEA), and Europe.
The report includes a detailed value chain analysis, which is focused on providing an extensive view of the global motion control drive market. Porter’s Five Forces analysis is also provided in the report to understand the competitive scenario in the global motion control drive market. The study incorporates market attractiveness analysis, wherein the market segments for type, kVA range, and application are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a complete analysis of the overall competitive scenario in the motion control drive market, every geographic region mentioned in the report is provided with attractiveness analysis.
A market overview chapter in the motion control drive market report explains the market trends and dynamics that include the market drivers, restraining factors, and opportunities for the current and future motion control drive market. A market outlook analysis has also been provided globally in the report. Additionally, the report also provides analysis of different business strategies being adopted by market leaders of the motion control drive market.The market introduction chapter helps in gaining an idea of different trends and services related to motion control drives along with their devices.
Global Motion Control Drive Market: Scope of the Report
The study provides a decisive view on the global motion control drive market by segmenting the market by type, kVA range, and application. The report provides a detailed breakdown of the motion control drive market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.
The report further highlights the competitive scenario within the motion control drive market, thus ranking all the major players according to key recent developments and their geographic presence. The insights for the motion control drive market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
On the basis of country, the North America market is bifurcated into Canada, the U.S., and Rest of North America. The Europe market is analyzed across Italy, France, Germany, U.K., and Rest of Europe. The APAC motion control drive market is also segmented at country level which includes China, Japan, India, South Korea, and Rest of Asia Pacific. Middle East & Africa region covers the GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the motion control drive market along with its devices and application. Also, the report provides insights related to the components and different applications according to the various geographical regions mentioned above.
Global Motion Control Drive Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources include annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, etc.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the motion control drive market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Motion Control Drive Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global motion control drive market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The key players profiled in the global motion control drive market includes ABB Ltd., Allied Motion Inc., Fuji Electric Co. Ltd, Lin Engineering, Inc., Mitsubishi Electric Corporation, National Instruments, Inc., Omron Corporation, PICS, Inc., Rockwell Automation Inc., Schneider Electric S.E., Siemens AG, Toshiba Corporation, YASKAWA Electric Corporation, and Yokogawa Electric Corp. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.
The global motion control drive market has been segmented as follows:
Global Motion Control Drive Market
- AC Drive
- DC Drive
By Type of Axis
- Multi Axis
- Single Axis
- Very High Precision
- High Precision
- Electronics and Assembly
- Food and Beverage
- Medical and Scientific
- Flat Panel Display
- Machine Tools – Metal Forming & Metal Cutting
- Packaging And Labeling
- Printing, Robotics
- Non-Industrial Application
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America