Europe Motor Controllers Market Forecast to 2028
New York, June 04, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report âEurope Motor Controller Market Forecast to 2028 – COVID-19 Impact and Regional Analysis By Motor Type, Output Power Range, Voltage Type, and End User “- https://www.reportlinker.com/p06075677/?utm_source=GNW
Automated processes help manufacturers increase the productivity of their factories and reduce production costs throughout their life. The growing adoption of energy efficient motor solutions to improve the safety of machine operators and other plant workers has fueled the demand for high precision automated processes. The demand for factory automation would continue to increase to expand production capabilities to meet increasing demands for high quality products; this would further propel the use of motor controllers to minimize power consumption. Motor controller solutions are increasingly adopted in many industries, and electronics and semiconductors, automotive and chemicals are among the largest users of these products. Electronics manufacturing has experienced significant growth, and it will continue to grow in the years to come as well. This growth can be attributed to the increasing popularity of advanced technologies in Europe. Such a growing trajectory in the electronics manufacturing industry is propelling the demand for advanced and automated motor controller equipment for the Europe region. Growing investments in electric vehicles are driving demand for motor controllers. Many car manufacturers are on the verge of embarking on the large-scale manufacture of electric vehicles. Several ongoing investments in the development and production of electric vehicles are boosting the demand for advanced motor control devices in Europe.
In addition, countries in Europe, especially the UK, are heavily affected due to the COVID-19 outbreak. In the region, several countries suffered the decline in business activities, especially in manufacturing industries, due to low production of automation equipment in the first two quarters of 2020.
Many member states of the European Union (EU) have imposed drastic measures on the control of manufacturing activities and partially closed their borders, which has reduced the demand for automation in various industries. This has hampered the growth of the motor controller market in Europe.
The impact of COVID-19 varies from country to country in Europe; selective countries have seen an increase in the number of confirmed cases, which subsequently led their governments to impose a strict lockdown for an extended period; they also issued strict social isolation guidelines, which resulted in the disruption of consumer electronics companies. Lockdown impositions are limiting the motor controller market in Europe due to disruptions in electric vehicles and other manufacturing industries in some countries.
However, several countries have started to resume manufacturing activities, which is supporting the growth of the motor controller market. Thus, the market is expected to recover steadily during the subsequent forecast period.
Based on the power output range, the 0.6 to 1.0 HP segment dominated the European motor controller market in 2020. 0.6 HP to 1.0 HP motor controllers protect motors from damage. voltage fluctuations. One-horsepower electric motors are typically used to power slow-moving vehicles such as tractors and other farm equipment, as well as high-powered tools and devices such as table saws and pool pumps. One HP electric motors have many applications in gas, oil and mining, agriculture and agribusiness, water and wastewater, aggregate and cement, industrial agrifood, pharmaceutical and pulp and paper. A few factors such as voltage fluctuation protection, wide applications and energy saving are expected to increase its demand thereby boosting the growth of the European Motor Controller market.
The overall size of the Motor Controllers market in Europe was derived using primary and secondary sources. To begin the research process, a comprehensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves to get overview and forecast for the European Motor Controllers Market with respect to all segments relating to the region. In addition, several primary interviews were conducted with participants and industry commentators to validate the data, as well as to gain more analytical information on the topic.
Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers and national sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders specializing in the European motor controller market. ABB Ltd., AMETEK Inc., Eaton Corporation plc, General Electric Company, Microchip Technology Inc., Nidec Corporation and Parker-Hannifin Corporation are among the players operating in the European motor controller market.
Read the full report: https://www.reportlinker.com/p06075677/?utm_source=GNW
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