North America Motor Controller Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Motor Type (AC Motor and DC Motor), Output Power Range (Below 0.5 HP, 0.6 - 1.0 HP, 1.0 - 3.0 HP, and Above 3.0 HP), Voltage Type (Below 1 kV Motors, 1 kV–6.6 kV Motors, and More than 6.6 kV Motors), and End-User (Industrial, Commercial, Residential, Agriculture, and Transportation)
Market Introduction
North America is characterized by high disposable individual incomes, higher standards of living, and rapid technological advancements in the arena of motors. The region witnesses the maximum application of electric motors for various utilities, such as electric vehicles, elevators, flight control systems, blowers, fans, machine tools, pumps, turbines, power tools, alternators, compressors, rolling mills, ships, movers, and paper mills. In August 2020, Hitachi Automotive Electric motor Systems Ltd. established Hitachi Automotive Electric Motor Systems America, Inc. in Kentucky, US, for the development, manufacture, and sale of electric vehicle motors. The new company’s full production is expected to start in 2022. Further, in 2019, Ford Motor Co. committed to make electric motors at its Van Dyke Transmission plant in suburban Detroit. The company is planning to spend nearly US$ 11.5 billion on electric and hybrid vehicles through 2022. The investment is expected to deliver 40 electrified vehicles, of which 16 are pure electric. Therefore, the ongoing proposed investments in the region on electric vehicle development is expected to bolster the demand for motor controller devices and show a prominent scope for growth in the upcoming years.
Furthermore, 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.
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Market Overview and Dynamics
The North America motor controller market is expected to grow from US$ 666.68 million in 2020 to US$ 1,032.52 million by 2028; it is estimated to grow at a CAGR of 5.9 % from 2021 to 2028. Growing adoption of industrial internet of things (IIoTs) in plants & factories is expected to escalate the North America motor controller market. The rising adoption of the Industrial Internet of Things (IIoT) in the manufacturing sector is providing noteworthy opportunities to the North America 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 is expected to increase the demand for motor controller in the upcoming years. Further, with the advent of artificial intelligence (AI) usage in IIoTs for advancing the automation of plants and machines are expected to boost the demand for AI enabled motor controller devices in upcoming year. 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, among others. So IIoTs will drive the demand of motor controller, which will escalate the North America motor controller market.
Key Market Segments
In terms of motor type, the AC motor segment accounted for the largest share of the North America motor controller market in 2020. In terms of output power range, the 0.6 - 1.0 HP segment held a larger market share of the North America motor controller market in 2020. In terms of voltage type, the below 1 kV motors segment held a larger market share of the North America motor controller market in 2020. Further, the industrial segment held a larger share of the North America motor controller market based on end-user in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America motor controller market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
- To understand the North America motor controller market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America motor controller market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Motor Controller Market Segmentation
North America Motor Controller Market - By Motor Type
- AC Motor
- DC Motor
- Brushed DC Motor
- Brushless DC Motor
North America 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
North America Motor Controller Market - By Voltage Type
- Below 1 kV Motors
- 1 kV–6.6 kV Motors
- More than 6.6 kV Motors
North America Motor Controller Market - By End-User
- Industrial
- Commercial
- Residential
- Agriculture
- Transportation
North America Motor Controller Market - By Country
- US
- Canada
- Mexico
North America Motor Controller Market - Company Profiles
- ABB Ltd.
- AMETEK Inc.
- Anaheim Automation, Inc
- ARC Systems Inc
- Eaton Corporation plc
- ErieTec Inc
- General Electric Company
- Microchip Technology Inc.
- Nidec Corporation
- Parker-Hannifin Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Motor Controller Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Motor Controller Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising adoption of advanced and automated process in the factory and plants
5.1.2 Increasing investments in FMCG sector
5.2 Market Restraints
5.2.1 maintenance of direct control (DC) motor
5.3 Market Opportunities
5.3.1 Growing adoption of industrial internet of things (IIoTs) in plants & factories
5.4 Future Trends
5.4.1 Escalating intelligent motor controller
5.5 Impact Analysis of Drivers and Restraints
6. Motor Controller Market – North America Analysis
6.1 Overview
6.2 North America Motor Controller Market Forecast and Analysis
7. North America Motor Controller Market Analysis – By Motor Type
7.1 Overview
7.2 North America Motor Controller Market, By Motor Type (2020 and 2028)
7.3 AC Motor
7.3.1 Overview
7.3.2 AC Motor: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
7.4 DC Motor
7.4.1 Overview
7.4.2 DC Motor: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
7.4.2.1 Brushed DC Motor Market
7.4.2.1.1 Overview
7.4.2.1.2 Brushed DC Motor Market Motor Controller Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.2 Brushless DC Motor Market
7.4.2.2.1 Overview
7.4.2.2.2 Brushless DC Motor Market: Motor Controller Market Revenue and Forecast to 2028 (US$ Million)
8. North America Motor Controller Market Analysis – By Output Power Range
8.1 Overview
8.2 North America Motor Controller Market Breakdown, By Output Power Range, 2020 and 2028
8.3 Below 0.5 HP
8.3.1 Overview
8.3.2 Below 0.5 HP: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
8.4 0.6 - 1.0 HP
8.4.1 Overview
8.4.2 0.6 - 1.0 HP: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
8.5 1.0 - 3.0 HP
8.5.1 Overview
8.5.2 1.0 - 3.0 HP: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
8.6 Above 3.0 HP
8.6.1 Overview
8.6.2 Above 3.0 HP: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
9. North America Motor Controller Market Analysis – By Voltage Type
9.1 Overview
9.2 North America Motor Controller Market Breakdown, By Voltage Type, 2020 and 2028
9.3 Below 1 kV Motors
9.3.1 Overview
9.3.2 Below 1 kV Motors: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
9.4 1 kV–6.6 kV Motors
9.4.1 Overview
9.4.2 1 kV–6.6 kV Motors: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
9.5 More than 6.6 kV
9.5.1 Overview
9.5.2 More than 6.6 kV: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
10. North America Motor Controller Market Analysis – By End-User
10.1 Overview
10.2 North America Motor Controller Market Breakdown, By End-User, 2020 and 2028
10.3 Industrial
10.3.1 Overview
10.3.2 Industrial: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
10.4 Commercial
10.4.1 Overview
10.4.2 Commercial: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
10.5 Residential
10.5.1 Overview
10.5.2 Residential: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
10.6 Transportation
10.6.1 Overview
10.6.2 Transportation: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
10.7 Agriculture
10.7.1 Overview
10.7.2 Agriculture: Motor Controller Market Revenue and Forecast to 2028 (US$ Mn)
11. North America Motor Controller Market – Country Analysis
11.1 Overview
11.1.1 North America: Motor Controller Market, by Key Country
11.1.1.1 US: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Motor Controller Market, by Motor Type
11.1.1.1.1.1 US: Motor Controller Market, by DC Motor
11.1.1.1.2 US: Motor Controller Market, by Output Power Range
11.1.1.1.3 US: Motor Controller Market, by Voltage Type
11.1.1.1.4 US: Motor Controller Market, by End User
11.1.1.2 Canada: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Motor Controller Market, by Motor Type
11.1.1.2.1.1 Canada: Motor Controller Market, by DC Motor
11.1.1.2.2 Canada: Motor Controller Market, by Output Power Range
11.1.1.2.3 Canada: Motor Controller Market, by Voltage Type
11.1.1.2.4 Canada: Motor Controller Market, by End User
11.1.1.3 Mexico: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Motor Controller Market, by Motor Type
11.1.1.3.1.1 Mexico: Motor Controller Market, by DC Motor
11.1.1.3.2 Mexico: Motor Controller Market, by Output Power Range
11.1.1.3.3 Mexico: Motor Controller Market, by Voltage Type
11.1.1.3.4 Mexico: Motor Controller Market, by End User
12. Impact of COVID-19 Outbreak
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Development
14. COMPANY PROFILES
14.1 ABB Ltd.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 AMETEK Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Eaton Corporation plc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 General Electric Company
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 ANAHEIM AUTOMATION, INC
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 ARC SYSTEMS INC
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 ErieTec Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Microchip Technology Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Nidec Corporation
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Parker-Hannifin Corporation
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Motor Controller Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US: Motor Controller Market, by Motor Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Motor Controller Market, by DC Motor –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Motor Controller Market, by Output Power Range –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Motor Controller Market, by Voltage Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Motor Controller Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Motor Controller Market, by Motor Type –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Motor Controller Market, by DC Motor –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Motor Controller Market, by Output Power Range –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Motor Controller Market, by Voltage Type –Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Motor Controller Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Motor Controller Market, by Motor Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Motor Controller Market, by DC Motor –Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Motor Controller Market, by Output Power Range –Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Motor Controller Market, by Voltage Type –Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Motor Controller Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Motor Controller Market Segmentation
Figure 2. North America Motor Controller Market Segmentation – By Country
Figure 3. North America Motor Controller Market Overview
Figure 4. North America Motor Controller Market, by Country
Figure 5. North America Motor Controller Market, By Motor Type
Figure 6. North America Motor Controller Market, By DC Motor
Figure 7. North America Motor Controller Market, By Output Power Range
Figure 8. North America Motor Controller Market, By End-User
Figure 9. North America – PEST Analysis
Figure 10. North America Motor Controller Market – Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. North America Motor Controller Market: Impact Analysis of Drivers and Restraints
Figure 13. North America Motor Controller Market Forecast and Analysis to 2028, (US$ Mn)
Figure 14. North America Motor Controller Market Revenue Share, by Motor Type (2020 and 2028)
Figure 15. North America AC motor: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America DC Motor: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Brushed DC Motor Controller Market Revenue and Forecast to 2028(US$ Million)
Figure 18. North America Brushless DC Motor Market: Motor Controller Market Revenue and Forecast to 2028(US$ Million)
Figure 19. North America Motor Controller Market Revenue Share, By Output Power Range (2020 and 2028)
Figure 20. North America Below 0.5 HP: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 21. North America 0.6 - 1.0 HP: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 22. North America 1.0 - 3.0 HP: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 23. North America Above 3.0 HP: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 24. North America Motor Controller Market Revenue Share, By Voltage Type (2020 and 2028)
Figure 25. North America Below 1 kV Motors: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 26. North America 1 kV–6.6 kV Motors: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 27. North America More than 6.6 kV: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 28. North America Motor Controller Market Revenue Share, By End-User (2020 and 2028)
Figure 29. North America Industrial: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 30. North America Commercial: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 31. North America Residential: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 32. North America Transportation: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 33. North America Agriculture: Motor Controller Market Revenue and Forecast to 2028(US$ Mn)
Figure 34. North America: Motor Controller Market, by Key Country – Revenue (2020) (USD Million)
Figure 35. North America: Motor Controller Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. US: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: Motor Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Impact of COVID-19 Pandemic in North American Country Markets
- ABB Ltd.
- AMETEK Inc.
- ANAHEIM AUTOMATION, INC
- ARC SYSTEMS INC
- Eaton Corporation plc
- ErieTec Inc
- General Electric Company
- Microchip Technology Inc.
- Nidec Corporation
- Parker-Hannifin Corporation
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