Intelligent Motor Controller Market to Register a 5.48% CAGR, According to Cutting-Edge Report by M&M Available at MarketPublishers.com01 Jun 2016 • by Natalie Aster
LONDON – The world intelligent motor controller market is set to see positive growth through 2021, registering a 5.48% CAGR. The value of this market is likely to reach the USD 857.6 million mark by 2021. The key market growth driving factors include increasing demand for multifunctional, integrated, smart devices as well as raise in automation in the main end-use industries like water and wastewater, oil and gas, power generation, beverage and food across the North American and European regions.
Oil and gas industry is the largest consumer of intelligent smart controllers. Meanwhile, the demand from water and wastewater industry will likely see the fastest growth in the next five years, primarily due to considerable technological breakthroughs, which made smart motor controllers more cost-effective and efficient.
The highest rates of smart devices (especially intelligent motor controllers) adoption are registered in the European region. Furthermore, this region is recognised as the biggest geographical market for intelligent motor controllers. The UK and Germany are the top contributors to the growth of this regional market.
Topical report “Intelligent Motor Controller Market” prepared by MarketsandMarkets offers a detailed analysis of the global market for intelligent motor controller market at various geographical scales as well as provides trustworthy information on top trends, opportunities, challenges, drivers and restraints. The research study contains data on competitive pressures, leading players, lucrative strategies; reviews the recent innovations, product developments and launches; outlines future growth prospects for the worldwide intelligent motor controller market through 2021.
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