The SAM motor controller market is expected to grow from US$ 152.56 million in 2020 to US$ 203.32 million by 2028; it is estimated to grow at a CAGR of 3.9 % from 2021 to 2028. The mounting adoption of Industrial Internet of Things (IIoTs) in plants and factories is expected to escalate the market growth in coming years. The rising adoption of the IIoT in the manufacturing sector is providing noteworthy opportunities to the SAM 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 are expected to increase the demand for motor controller in the coming years. Further, the advent of artificial intelligence (AI) usage in IIoTs for advancing the automation of plants and machines would boost the demand for AI enabled motor controller devices in SAM 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. So, the growing adoption of IIoTs in different factories would drive the demand for motor controllers, which is anticipated to fuel the SAM motor controller market growth during the forecast period.
SAM is highly affected due to the COVID-19 outbreak. Brazil has reported the highest number of COVID-19 positive cases, followed by Ecuador, Chile, Peru, and Argentina. Brazil is a dominant contributor to the overall manufacturing capabilities in the region. The country witnessed a major decline in demand for automation solutions, following the drastic drop in manufacturing activities and limited building construction activities amid the pandemic. As a result of lowered performance of the manufacturing, construction, and oil & gas sectors, Brazil as well as other SAM countries registered low demand for motor controllers in 2020. However, with the relaxed measures in lockdown, the business operations in SAM region are slowly resuming, especially from last two quarters of 2020. Hence, the ongoing business operations resumption are expected to positively impact the motor controller market in the coming years.
Based on motor type, the AC motor segment led the SAM motor controller market in 2020. This motor is driven by an alternating current. The stator and the rotor are the two most important parts of the AC motors. The stator is the stationary part of the motor, and the rotor is the rotating part of the motor. The motor may be single phase or three phases. AC motor drives are used to increase efficiency by setting pump and fan, etc. speed to exactly match the requirements. A few benefits of AC motor such as low cost, power saving, easy operation, and highly durable are expected to increase its demand, which would drive the growth of the SAM motor controller market in coming years.
The overall SAM motor controller market size 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 SAM 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 expert 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 SAM motor controller market. ABB Ltd., AMETEK Inc., Eaton Corporation plc, General Electric Company, Microchip Technology Inc., Nidec Corporation, and Parker-Hannifin Corporation are among the players operating in the SAM motor controller market.
Reasons to Buy
SAM is highly affected due to the COVID-19 outbreak. Brazil has reported the highest number of COVID-19 positive cases, followed by Ecuador, Chile, Peru, and Argentina. Brazil is a dominant contributor to the overall manufacturing capabilities in the region. The country witnessed a major decline in demand for automation solutions, following the drastic drop in manufacturing activities and limited building construction activities amid the pandemic. As a result of lowered performance of the manufacturing, construction, and oil & gas sectors, Brazil as well as other SAM countries registered low demand for motor controllers in 2020. However, with the relaxed measures in lockdown, the business operations in SAM region are slowly resuming, especially from last two quarters of 2020. Hence, the ongoing business operations resumption are expected to positively impact the motor controller market in the coming years.
Based on motor type, the AC motor segment led the SAM motor controller market in 2020. This motor is driven by an alternating current. The stator and the rotor are the two most important parts of the AC motors. The stator is the stationary part of the motor, and the rotor is the rotating part of the motor. The motor may be single phase or three phases. AC motor drives are used to increase efficiency by setting pump and fan, etc. speed to exactly match the requirements. A few benefits of AC motor such as low cost, power saving, easy operation, and highly durable are expected to increase its demand, which would drive the growth of the SAM motor controller market in coming years.
The overall SAM motor controller market size 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 SAM 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 expert 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 SAM motor controller market. ABB Ltd., AMETEK Inc., Eaton Corporation plc, General Electric Company, Microchip Technology Inc., Nidec Corporation, and Parker-Hannifin Corporation are among the players operating in the SAM motor controller market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM motor controller market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM motor controller market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the motor controller market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. SAM Motor Controller Market Landscape
5. SAM Motor Controller Market - Key Market Dynamics
6. Motor Controller Market - SAM Analysis
7. SAM Motor Controller Market Analysis - By Motor Type
8. SAM Motor Controller Market Analysis - By Output Power Range
9. SAM Motor Controller Market Analysis - By Voltage Type
10. SAM Motor Controller Market Analysis - By End-User
11. SAM Motor Controller Market - Country Analysis
12. Impact of COVID-19 Outbreak
13. Industry Landscape
14. COMPANY PROFILES
15. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- AMETEK Inc.
- Eaton Corporation plc
- General Electric Company
- Microchip Technology Inc.
- Nidec Corporation
- Parker-Hannifin Corporation
Table Information
Report Attribute | Details |
---|---|
Published | May 2021 |
Forecast Period | 2020 - 2028 |
Estimated Market Value ( USD | $ 152.56 Million |
Forecasted Market Value ( USD | $ 203.32 Million |
Compound Annual Growth Rate | 3.9% |