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Motion Control Global Market - OverviewThe global motion control market is growing with the rapid pace is mainly due to Growing industrialization and high adoption of automation in the industrial process, which is propelling the Motion control market growth to the large extent. While, high deployment cost and lack of availability of professionals are some of the major restraints of the motion control market. According to a recent study report published by the Market Research Future, the global market of Motion control is will surge at a CAGR of 7.09% during the forecast period (2018-2023).
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Industry Segments
The motion control market globally has been segmented into the segments of components, technology, application and industry. By components, the market has been segmented into controller, drives, motors, and software among others. On the basis of technology, the market comprises of hydraulic, pneumatic and electromechanical actuation. The application segment of motion control comprises of material handling, inspection and packaging among others while the industry segment contains Healthcare, Aerospace & Defense, Automotive, Manufacturing, Oil & Gas, and Robotics among others.
Key Players
The key players in the Motion Control Market are- ABB Group (Switzerland), Rockwell Automation, Inc., (U.S.), Parker Hannifin Corporation (U.S.), Siemens AG (Germany), STMicroelectronics N.V. (Switzerland), Motion Control Corporation (U.S.), Schneider Electric (France), Trio Motion (U.S.), Emerson Electric (U.S.), AMETEK, Inc. (U.S.), Aerotech Inc. (U.S.) among others.
Detailed Regional Analysis
The Asia-Pacific region is controlling the Motion Control industry owing to the strong incidence of manufacturing companies in Japan, China and South Korea. The growing economy of Asian nations is also playing a major role in the growth of the motion control industry. The European region is the second biggest market followed by the North American market. The North America motion control industry is primarily fuelled by the factors such as the growing healthcare industry and high consumption of electronic equipment.
Industry Updates:
April 2018 Parker Hannifin which is the global leader in motion and control technologies, through their Electromechanical & Drives Division have announced a motion control design tool for engineers to aid with appropriate selection of electromechanical linear motion. The Virtual Engineer offers an intuitive interface where users can effortlessly enter their application conditions such as speed, load, and external forces then quickly direct to accurately sized product choices. The tool also delivers a custom specification report, CAD models, and flawlessly makes a ready-to-issue request for quote. By linking directly with Parker motion control experts, the Virtual Engineer takes association to a new level, and by increasing the efficiency of valuable engineering resources. However, Virtual Engineer will currently support Parker Electromechanical and Pneumatic products.
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Intended Audience
• OEMs
• Automation Service Providers
• Motion Control Distributors
• Technology Provides
• Sensor Manufacturers
• Connectivity Providers
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 514468