North America Motor Controller Market
Published On: May 2021
Published On: May 2021
AC Motor Segment to Dominate North America Motor Controller Market during 2020–2028
According to a new market research study on “North America 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$ 1,032.52 million by 2028 from US$ 666.68 million in 2020. The market is estimated to grow at a CAGR of 5.9 % from 2021 to 2028. The report provides trends prevailing in the North America motor controller market along with the drivers and restraints pertaining to the market growth. Rising adoption of advanced and automated process in the factory and plants and increasing investments in FMCG sector are the major factor driving the growth of the North America motor controller market. However, overpriced maintenance of direct control (DC) motor hinders the growth of North America motor controller market.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of automation manufacturing activities; other household appliances manufacturing sector has subsequently impacted the demand for motor controller during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of automotive equipment manufacturing projects, thereby reducing the demand for motor controllers. Similar trend was witnessed in other North American countries, i.e., Canada and Mexico. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The North America motor controller market is segmented into the motor type, output power range, voltage type, end-user, and country. Based on motor type, North America motor controller market is segmented into AC motor and DC motor. The AC motor segment dominated the North America 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, North America 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 North America 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, North America 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 North America 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., Anaheim Automation, Inc, ARC Systems, Inc., Eaton Corporation plc, ErieTec Inc, General Electric Company, Microchip Technology Inc., Nidec Corporation, and Parker-Hannifin Corporation are among some of the leading companies in the North America 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 2020, Danfoss acquired Eaton’s Hydraulics business. Danfoss declared that it has acquired Eaton’s Hydraulics business for a cash purchase price of 3.3 billion USD (approximately 3.0 billion EUR).
The report segments the North America Motor Controller Market as follows:
North America Motor Controller Market – By Motor Type
North America Motor Controller Market – By Output Power Range
North America Motor Controller Market – By Voltage Type
North America Motor Controller Market – By End-User
North America Motor Controller Market – By Country
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