Global Motion Control Components Market size is expected to be worth roughly USD 20.5 Billion by 2030, growing at a CAGR of more than 5.4% during the projected timeframe of 2022-2030, according to Ameco Research
A motion-control system is equipment that generates and regulates the motion of a load in order to execute work. It has the ability to precisely manage speed, position, as well as torque. Motion control components are used in applications that require the placement of a product, the synchronization of distinct pieces, or the sudden start or stop of motion. The motion control system is built of three fundamental components, such that, a drive/amplifier, controller, and motor. The primary factor driving the motion control components market growth is the increased adoption of sophisticated and automated methods for industrial automation.
Motion control is the beneficiary of various technological developments. The rising popularity of cooperative robotics equipped with intelligent actuators is a modern trend seen in a variety of sectors. The increasing demand for conveyance applications has resulted in an increase in the need for sophisticated motion technologies including independently controlled actuators.
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Global Motion Control Components Market Trends
The growing demands for automation technologies and the incorporation of equipment with systems for motion control for convenience of use are two main aspects attributed to the motion control components market size. Furthermore, developing motion control protocols and standards is driving the motion control components market value. For example, OPC UA TSN is a standard for managing complete systems, while message queuing telemetry transport (MQTT) is a lighter-weight protocol for interaction between two programs. MQTT is usually used with a single product. For instance, it makes it possible for a drive or sensor to collect information from a device & upload it to the cloud.
Furthermore, the digitalization of production processes, particularly the Industrial revolution 4.0 trend, is propelling the motion control components market revenue. The cornerstone of effective Industry 4.0 projects is Mechatronics motion control. In particular, smart servo technology provides a more cost-effective, greener, safer, and more efficient, as well as smaller gear.
The ease of operation and incorporation of elements within motion control systems are increasing the use of industrial applications. However, the significant replacement & maintenance costs of motion control technologies limit market expansion. Furthermore, Automation offers profitable chances for market expansion. There are various companies in the motion control industry, and the top players' growth strategies include a new product, design and development, business purchase, and expansion of business. For example, Rockwell Automation published an enhanced version of the Allen-Bradley Motion Analyzer software product in June 2018.
Motion Control Components Market Segmentation
Ameco Research has fragmented the global motion control components market by product, application, and end-user. In terms of product, the market is sub-divided into electro-mechanical products, and hydraulic products. Electro-mechanical motion control components have grabbed a lot of interest from end-user industries due it offers highly defining parameters. These include small design, excellent efficiency, and solid performance above a broad range of speed regulations. Furthermore, electro-mechanical motion control components have the silent operation, high energy density, and low electromagnetic interference (EMI), as well as require less maintenance, making them a favored choice for manufacturers.
Further, by application, the market is split into rewinders & slitter, calendar rolls, core cutters, and tension controllers. Moreover, in terms of end-user, the market is further segmented into corrugated manufacturing industries, packaging industries, paper & corrugated converting, and pulp & paper mills. According to the motion control components market forecast, the corrugated manufacturing industries segment is estimated to grow significantly in the market over the next few years.
Motion Control Components Market Regional Outlook
The global motion control components market is divided into several five regions: North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa. According to the motion control components industry analysis, the Asia-Pacific market has the greatest market share and is expected to continue to dominate in the future years, with the quickest growth. This is due to the increased output of industrial machinery and the usage of customized robots for a variety of applications in the manufacture of vehicles and smartphones. Furthermore, the growing number of production plants and the simplification of the equipment development phase are likely to drive market expansion during the projected timeline.
Motion Control Components Market Companies
The worldwide motion control components market's key manufacturers are involved in regulatory clearances, technologically enhanced goods, new product launches, and acquisition and cooperation partnerships with some other companies. These tactics are intended to meet unmet demands in the motion control components industry, strengthen product portfolios, and invest in R&D. Some of the most notable worldwide motion control components market players are Honeywell International, ABB Group, Moog Inc., KSB SE & Co. KGaA, SMC Corporation, Power Jacks Limited., Tolomatic, Inc., Siemens AG, Bosch Rexroth USA, Neles Corporation, WEG Industries, Emerson Electric Co., ATOS S.p.A., Tasowheel Group Oy, and HAWE Hydraulik SE.
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