Reed Intelligence today announced the release of its in-depth report titled “Motor Controllers Market Trends and Forecast Analysis, 2031”, which provides a detailed examination of the global motor controllers market, including market size, share, growth dynamics, competitive landscape, and future opportunities.
Key Highlights & Market Drivers
The global motor controllers market is projected to grow at a compound annual growth rate (CAGR) of ~6.6% between 2023 and 2031.
Growth is primarily driven by:
Increasing industrial automation
Rising electric vehicle (EV) adoption
Integration of renewable energy systems
Smart grid developments
Technological advances such as AI / IoT integration, energy-efficient control algorithms, and specialized controllers for emerging applications present significant upside.
Key Players
The report profiles major players operating in the motor controllers market, including:
Mitsubishi
Yaskawa
Rockwell
Fanuc
Siemens
ABB
Nidec
Schneider
Delta
Panasonic
Rexroth (Bosch)
Zapi
Eorive
Teco
V&T
Inovance
Moog
Enpower
Greatland Electrics
Kelly Controls
These companies are leading contributors to the market, shaping development through innovation, strategic partnerships, and expanded geographic reach.
Recent Developments
While the Reed Intelligence report primarily focuses on market size, trends, and forecast, it also notes:
A consolidation trend, with prominent players holding substantial share, indicating competitive maturity.
Expansion of energy-efficient controllers and increasing adoption of advanced control algorithms.
Strategic emphasis on integrating AI and IoT capabilities to cater to next-generation industrial and automotive applications.
Market Segmentation
According to Reed Intelligence’s report, the motor controllers market is segmented as follows:
By Type:
Servo Motor Controllers
Stepper Motor Controllers
By Application:
General Industry
Robots
Automotive
Others
By Region:
North America
Europe
Asia-Pacific
Latin America, Middle East, and Africa (LAMEA)
These segments help stakeholders understand demand dynamics across different use-cases and geographies.
Strategic Implications & Opportunities
OEMs and system integrators can leverage these insights to identify high-growth application areas, especially in EV and robotics.
Energy firms and utilities can explore opportunities in smart grid deployment and renewable integration.
Component manufacturers can strategize product innovation around AI/IoT-enabled controllers to gain competitive advantage.
About Reed Intelligence
Reed Intelligence is a leading market-research and advisory firm, offering high-quality and actionable insights across engineering, technology, and industrial verticals. Trusted by Fortune 500 companies, Reed Intelligence caters to over 30,000+ subscribers globally.