Global Intelligent Motor Controller Market Overview

Intelligent Motor Controller Market Size Was Valued at USD 921.08 Million In 2023 And Is Projected to Reach USD 1466.06 Million By 2032, Growing at A CAGR of 5.3% From 2024-2032.

A motor control center (MCC) is a collection of one or more enclosed sections connected by a common power bus and primarily housing motor control units. MCCs, or multiple motor starters, are a factory-assembled group of motor starts. As a result of network communication challenges and technical developments, the need to combine three essential system components: hardware, communications, and software, has been revealed. Next-generation, integrated, intelligent motor control centers (IMCCs) were introduced to address these growing demands.

The global intelligent motor controller market is expected to grow due to increased industrial plant uptime, higher motor efficiency and energy savings, and rising demand for smart, versatile, and integrated motor control and protection devices. Furthermore, the growing use of industrial automation in industrialized countries presents the intelligent motor controller market with promising opportunities. Furthermore, governments around the world are emphasizing the importance of encouraging businesses and households to utilize energy-saving techniques to minimize energy consumption. Intelligent motor controllers are a good technique to save energy by increasing the efficiency of both AC and DC-powered devices. The intelligent motor controller sector will benefit from this.

Market Dynamics And Factors For Intelligent Motor Controller Market

Drivers:

Growing Demand For Automation In Developed Nations

The majority of emerging economies have embraced urban industrialization to promote economic growth. The most successful among the middle-income countries are ones that rapidly deepened manufacturing capabilities, we're able to participate in global value chains, and steadily increased their penetration of overseas markets. Among the successful exceptions are exporters of minerals or other resource-based products and small economies that have relied on the export of services, primarily tourism. The common thread running through the strategies of all fast developers is a structural change that led to the emergence and growth of more productive, export-oriented sectors producing manufactures or resource-based products or services, or a combination of the three. Complementing this structural change was rising demand for emerging economy exports from advanced economies. Rapid growth was undoubtedly enabled by sound policies and strategic vision; however, the fast movers were also advantaged by lower factor costs, the capacity to assimilate technologies, and by investment in both productive assets and supporting infrastructures. Globalization in its several forms lent added impetus to development underpinned by trade and technology transfers. In addition, in the chemical & petrochemical industry, electric motors are used to drive compressors, pumps, fans, agitators, extruders, packing machines, and conveyor belts. Companies/industries such as chemical, plastics & rubber, industrial gases, or fine chemicals involve continuous manufacturing process operations, where motor control centers provide an efficient solution for controlling electric motors throughout the complete chemical production facility from a centralized location. Hence, the introduction of automation in various industries is likely to drive the demand for motor control centers.

Restraints:

The High Cost of Intelligent Motor Controller Components May Limit Market Growth

The price of numerous components utilized in the production of intelligent motor controllers is extremely high. The high cost of components raises the overall price of the product. The high cost of sophisticated motor controllers drives the demand for more money. The cost of installing such technology is prohibitive for some small businesses. This could limit the industry's growth during the foreseeable term.

Opportunities:

Demand For Smart, Integrated Motor Control And Protection Devices Is Increasing

In general, there are two types of motor control centers: conventional and intelligent motor control centers. For speed control and motor protection operations, traditional motor control centers use components such as variable speed drives, relays, and circuit breakers. These gadgets are relatively straightforward and rely on analog or electromechanical technology. Microprocessor developments, on the other hand, have improved motor control and protection functions. The demand for smart devices, such as intelligent motor control centers, has expanded as industrial automation and technology improvements have increased. Faster response time, better diagnostics, precise control, and remote control and monitoring are all features of these intelligent devices. Furthermore, because multiple tasks are combined into a single intelligent device, intelligent motor control centers reduce the number of components necessary.

Segmentation Analysis of Intelligent Motor Controller Market

By Motor Type, the AC segment is likely to capture the maximum market growth throughout the forecast period. Because AC motors can generate more torque than DC motors and have superior torque-speed characteristics to others, there is a large demand for and installation of such motors in the market. During the forecast period, this supports growth in the AC motor category. During the projection period, the DC motor market is expected to increase significantly. DC motors are said to offer a higher beginning torque and efficiency. The need for and adoption of such motors is increasing as the end-user segment's demand grows. During the projection period, this will fuel the growth of the DC motor segment.

By Voltage, the low voltage segment is anticipated to hold the highest intelligent motor controller market growth over the forecast period. Low voltage motor control centers are highly desired due to their extensive implementation in a variety of sectors around the world, which is expected to drive demand for them during the projected period.

By Industry, the oil and gas segment is anticipated to capture the largest intelligent motor controller market growth during the forecast period. Because of the widespread usage of motor-operated devices in the sector, the Oil and Gas industry is the greatest end-user market for intelligent motor controllers. This raises the need for IMCs and their adoption.

Regional Analysis of Intelligent Motor Controller Market

During the projection period, Asia Pacific is expected to be the largest market. Because of the region's expanding urbanization and industrialization, intelligent motor controllers are projected to be in high demand. In addition, the region's intelligent motor controller market is predicted to benefit from rising power generation capacity additions and rising energy demand. The electricity generating and wastewater management sectors in the region are booming, while automation in the industrial sector is fast rising. Smart device adoption is in high demand since it reduces costs and improves operational efficiency. The use of IMCs is growing as smart motors are being installed more often. As a result, the market for intelligent motor controllers in the Asia Pacific region is expected to rise throughout the forecast period.

As end-user technology advances, the demand for and installation of smart devices is growing rapidly in this region. North America is adopting new technologies, which boosts the use of IMCs in the region's end-user sectors. As a result, it is expected to fuel growth in North America over the projection period.

In the following years, the IMC market in Europe is predicted to grow significantly. Within the region, the adoption of new technologies is expanding at a faster rate. As automation investment grows in this region, the installation of smart devices like IMCs is rising dramatically across the water, wastewater, pharmaceuticals, food & beverage, and other industries.

During the predicted period, Latin America is expected to increase significantly. The need for power in the region is growing rapidly, necessitating the expansion of the power generation sector and the deployment of highly efficient devices such as IMCs and others.

During the projection period, the worldwide IMC market is expected to grow significantly in the Middle East and Africa. The popularity of smart devices is increasing as industrial automation grows. Equipment that can help boost operational efficiency is frequently deployed in the oil and gas industry. During the projection period, this boosts market growth in the Middle East and Africa region.

COVID-19 Impact Analysis on Intelligent Motor Controller Market

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Intelligent Motor Controller Market has experienced a slow down the growth, however, the market is expected to bounce back as restrictions are being lifted by governments across the globe. 

Players Covered in Intelligent Motor Controller Market are

• ABB (Switzerland)
• General Electric (U.S.)
• Rockwell Automation (India)
• Mitsubishi Electric (Japan)
• Siemens AG (Germany)
• Larsen & Toubro (India)
• Schneider Electric (France)
• Lsis Co. Ltd. (South Korea)
• Nanotec Electronic GmbH & Co. (Germany)
• NXP Semiconductors (Netherlands)
• Fairford Electronics (U.S.)
• Roboteq Inc. (U.S.) and other major players.

Key Industry Developments In Intelligent Motor Controller Market

In January 2022, Qorvo®, a leading provider of innovative RF solutions that connect the world, has announced a motor control reference design that combines Qorvo's new silicon carbide (SiC) FETs with the PAC5556 intelligent motor controller to create a proof-of-concept System-on-a-Chip (SoC) that can drive applications up to 3000w. "The development of this reference design demonstrates Qorvo's capacity to rapidly integrate, innovate, and offer high-value intelligent power solutions for more power-efficient end products," said David Briggs, Qorvo senior director of Programmable Power Management. Consumer benefits include sleeker and smaller solutions, lower noise levels, longer service life, and lower power usage thanks to this design."

In March 2022, Motor T, the next generation of motors and controllers from Sona BLW Precision Forgings Ltd (Sona Comstar), has been presented with an optimized controller family. The company says that its Motor T with optimized controller' and next-generation technology "has the highest efficiency (96 percent), power, and torque density in the 48V category in the world," according to a press statement.

In May 2021, Schneider Electric and Allied Electronics & Automation have announced the launch of a new limited-feature set of high-quality motor control and protection devices aimed at smaller panel builders, system integrators, OEMs, and other businesses.