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Motion Control Products Market By Product type (PLC-based, standalone motion controllers, and PC based motion controllers); By Axis type (multi axis, and single motion controller); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Motion control products market to surpass USD 23.4 billion by 2030, which is valued at 17.4 billion in 2021 at a compound annual growth rate of 3.40%.
Motion Controllers are classified as electronic parts that run the software to control movement on automated machine pieces (and in an increasing number of integrated electronic supplies). This system is designed to control the particular type of actuator on the axes it controls. That means they have the intelligence to operate either electrical actuators (based on electrical motors) or hydraulic or pneumatic actuators. Examples of the use of motion control include applications where a product is positioned, separate element synchronization, or where the motion is quickly initiated and stopped. Three main components of Motion Control Systems consist of controls, push, amplifier, and engine.
Motion control products market is expected to project a CAGR of 3.40% during the forecast period, 2021-2030
The growth of the motion monitoring market is driven primarily by the increased use of advanced and automated processes for factory automation. Due to the easier use and integration of components within motion control systems, the adoption of motion control has increased.
The multi-axis motion controllers segment generated the largest revenue and volume in 2021
The global Motion control products Market is segmented by axis type into multi-axis and single motion controllers. Due to the demand for the additional or external power source from the applications, the single-axis motion control segment is anticipated to be showing a slow growth during the prediction period. On the contrary, with the use of centralized power units, the multi-axis motion controls provide extremely low power consumption.
PLC-based motion controllers accounted for the largest market share in terms of volume in 2019 and are anticipated to grow at a CAGR of 7.9% during the forecasted period.
Global Motion Control Products Market is segmented by product type: PLC-based, standalone motion controllers, and PC-based motion controllers. The consumer market was dominated by PC-based motion controllers in terms of sales of those controllers' high prices relative to other product styles.
High Demand in the APAC region
The adoption and demand for motion controllers in the APAC Region (Asia-Pacific) are one of the factors expected to fuel multi-axis Motion Controller market development. The demand for multiaxis movement control systems is growing at a fast pace, particularly in the machine tools segment, since machines for industrial applications are increasingly being operated electrically or electrically.
Other factors
Increase in projects and investment by major companies, rise in an industrial safety concerns, increase in concern for quality output, etc
High Cost
The market growth is restrained by the high maintenance and replacement cost of motion control systems. The rise in labor costs increased machine complexity and industrial restructuring are the main reasons that hinder the growth of the market.
Asia Pacific was the largest market accounting for XX% of the total market volume share in 2019
The region's main driver for economic growth, which is expected to support the development of the motion control industry over the forecasts, is steady growth in end-use industries like semiconductors, electronics, foodstuffs, and beverages. Asia is a region rich in raw materials, labor, and land which are available at an affordable price. Therefore, key players in the multiaxis motion controller market are prepared to make major manufacturing investments in the Asian region.
Global Motion control products Market: Key Players
Yaskawa Electric
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Motion Control products Market size was estimated at USD 17.4 billion in 2021 and is expected to reach USD 23.4 billion by 2030
Schneider Electric, Parker Hannifin, GalilMC., Aerotech, ACS Motion Control, Delta Motion, Siemens, ABB, Mitsubishi Electric
The multi-axis motion controllers segment generated the largest revenue and volume and PLC-based motion controllers are anticipated to hold the Motion Control products Market.
Drivers High Demand in the APAC region and Other factors
Motion Controllers are classified as electronic parts that run the software to control movement on automated machine pieces (and in an increasing number of integrated electronic supplies). This system is designed to control the particular type of actuator on the axes it controls.
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