Major players in the motion control market are Schneider Electric SE, Rockwell Automation Inc., Yaskawa Electric Corp., Parker Hannifin Corp., Bosh Rexroth AG, Moog Inc., Dover Motion, Schneider Electric, ABB, Parker Hannifin Corp, Siemens AG, and Altra Industrial Motion Corporation. These players are set to boost the global motion control market in the years to come.
According to analyst at Zion Market Research, global motion control market was capitalized at USD 16.54 Billion in 2016 and is likely to create income of USD 22.81 Billion by 2022, developing at a CAGR of slightly more than 5.7% from 2017 to 2022.
Increasing Concern For Industrial Safety And Increasing Requirement For Motion Control For Different Industries Is Claimed To Boost Motion Control Market
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According to analyst at Zion Market Research, the motion control market has development at a rapid speed in the last couple of years and has seen stupendous development within the forecast period. The motion control market is boosted by a number of factors such as rising project by manufacturing companies, increasing concern for industrial safety, and increasing requirement for motion control for food and beverage, semiconductor & electronics, automotive, electrical, and machinery sectors along with rising economy. In addition to this, huge developments of automation industry paired with rapid globalization have together elevated the requirement for motion control market. Apart from this, demand from emerging nations such as India, China, and Brazil might unlock up the new avenues in the forecast period in the motion control market.
Advancements in tech are also set to rise the development of motion control market. For instance, in August 2017, Kollmorgen launched the AKM2G, a new type of synchronous servo motors. These motors are developed for employment with the firm’s AKD servo drive and the AKD2G series of next-gene servo drives. These motors are also able to offer all their design advantages in conjunction with the user’s selection of servo drives, thereby boosting the motion control market.
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Rapid Industrialization In Developing Nation Such As China, India, And Indonesia To Motion Control Market In Asia Pacific
Asia Pacific dominated the motion control market in terms of overall demand in 2016 and it added up for the noteworthy share of motion control market. Asia Pacific is a quickest developing area due to rapid industrialization in developing nation such as China, India, and Indonesia. Europe and North America is likely to develop at a noteworthy rate in the years to come for the motion control market.
Based on the applications, machinery manufacturing ruled the motion control market and obtained the noteworthy share in 2016 in global motion control market. Automotive and semiconductor & electronics are likely to see sturdy development in global motion control market in upcoming years.
The global motion control market is segmented as follows:
- Computerized Numerical Control
- General Motion Control
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- Aerospace & Defense
- Semiconductor & Electronics
- Food and Beverage
- Machinery Manufacturing
- Oil & Gas
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
This review is based on a report by Zion Market Research, titled “Motion Control Market by Technology (Computerized Numerical Control and General Motion Control) For Automotive, Aerospace & Defense, Semiconductor & Electronics, Food and Beverage, Machinery Manufacturing, Oil & Gas, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2022”- Report at http://www.zionmarketresearch.com/report/motion-control-market
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