Asia-Pacific Motor Controller Market is expected to reach US$ 1,685.03 Mn by 2028

Below 1 kV Motors Segment to Dominate APAC Motor Controller Market during 2020–2028

According to a new market research study on “APAC Motor Controller Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Motor Type, Output Power Range, Voltage Type, and End-User,” is expected to reach US$ 1,685.03 million by 2028 from US$ 922.90 million in 2020. The market is estimated to grow at a CAGR of 8.1 % from 2021 to 2028. The report provides trends prevailing in the APAC motor controller market along with the drivers and restraints pertaining to the market growth.Surging adoption of industrial internet of things (IIoTs) in plants & factories and rising intelligent motor controller are the major factor driving the growth of the APAC motor controller market. However, expensive maintenance of direct control (DC) motor hinders the growth of APAC motor controller market.

In case of COVID-19, APAC is highly affected specially India. China imposed strict lockdown and social isolation, resulting in the suspension of manufacturing activities and shrinking of demand for electric vehicles as well as other automation products. Thus, plummeted manufacturing activities across the country resulted in a weak demand for motor controllers. Similarly, India imposed a nationwide lockdown to control the growing number of COVID-19 cases in the first half of 2020. The lockdown and disruption of various manufacturing activities subsequently contributed to degraded performance of the automation sector, thus lowering the demand for motor controllers in the early months of 2020. After China—India, Taiwan, and South Korea are also considered to have a substantial number of manufacturing activities. Since the emergence of the COVID-19 virus, these countries have undergone several lockdown phases, which has adversely affected the manufacturing and other industries. With the declining business of automotive, electronics & semiconductor components, and other consumer electronic manufacturing, the business operations in Asian economy declined noticeably. However, with the gradual resumption of businesses from the last quarter of 2020, the sales of motor controller equipment products are likely to rise in the coming years.

The APAC motor controller market is segmented into the motor type, output power range, voltage type, end-user, and country. Based on motor type, APAC motor controller market is segmented into AC motor and DC motor. The AC motor segment dominated the APAC motor controller market in 2020 and DC motor is expected to be fastest growing during forecast period. Further, DC motor segment is segregated into the brushed DC motor and brushless DC motor. The brushless DC motor dominated the market in 2020.  Based on output power range, APAC motor controller market is segmented into below 0.5 HP, 0.6 - 1.0 HP, 1.0 - 3.0 HP, and above 3.0 HP. The 0.6 - 1.0 HP segment dominated the APAC motor controller market in 2020 and 1.0 - 3.0 HP segment is expected to be fastest growing during forecast period. Based on voltage type, APAC motor controller market is segmented into the below 1 kV motors, 1 kV–6.6 kV motors, and more than 6.6 kV. The below 1 kV motors segment dominated the APAC motor controller market in 2020 and is expected to be fastest growing during forecast period. Based on end-user, market is segmented into the industrial, commercial, residential, agriculture, and transportation. The industrial segment dominated the market in 2020 and agriculture segment is expected to be fastest growing during forecast period.

ABB Ltd., AMETEK Inc., Eaton Corporation plc, General Electric Company, Microchip Technology Inc., Nidec Corporation, and Parker-Hannifin Corporation are among some of the leading companies in the APAC motor controller market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, AMETEK, Inc. acquired Magnetrol International, Crank Software and EGS Automation (EGS). Closely $270 million was deployed on these acquisitions which have combined annual sales of roughly $120 million.

The report segments the APAC Motor Controller Market as follows:

APAC Motor Controller Market – By Motor Type

• AC Motor
• DC Motor
  • Brushed DC Motor
  • Brushless DC Motor

APAC Motor Controller Market – By Output Power Range

• Below 0.5 HP
• 0.6 - 1.0 HP
• 1.0 - 3.0 HP
• Above 3.0 HP

APAC Motor Controller Market – By Voltage Type

• Below 1 kV Motors  
• 1 kV–6.6 kV Motors
• More than 6.6 kV Motors

APAC Motor Controller Market – By End-User

• Industrial
• Commercial
• Residential
• Agriculture 
• Transportation

APAC Motor Controller Market – By Country

• China
• Japan
• South Korea
• India  
• Australia
• Rest of APAC