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Motor Driver Trends and Forecast
The future of the global motor driver market looks promising with opportunities in the automotive and healthcare markets. The global motor driver market is expected to reach an estimated $9.3 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rising demand for electric vehicles, growing demand for automation and industrialization across various industries, as well as, technological development in motor driver design, such as use of advanced semiconductor materials, power electronics, and control algorithms.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Motor Driver by Segment
The study includes a forecast for the global motor driver by type, application, and region.
Motor Driver Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• AC Motor Drivers
• DC Motor Drivers
Motor Driver Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Healthcare
• Others
Motor Driver Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Motor Driver Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies motor driver companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the motor driver companies profiled in this report include-
• ABB
• Mitsubishi Electric
• Siemens
• Schneider Electric
• Toshiba
• Fuji Electric
• Rockwell Automation
Motor Driver Market Insights
Lucintel forecasts that AC motor drivers will remain the larger segment over the forecast period due to its exceptional dependability, efficiency, and capacity for speed control.
North America will remain the largest region over the forecast period due to existence of major automotive manufacturers, rising demand for automation in various industries, as well as, growing adoption of electric vehicles in the region.
Features of the Global Motor Driver Market
Market Size Estimates: Motor driver market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Motor driver market size by type, application, and region in terms of value ($B).
Regional Analysis: Motor driver market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the motor driver market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the motor driver market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the motor driver market size?
Answer: The global motor driver market is expected to reach an estimated $9.3 billion by 2030.
Q2. What is the growth forecast for motor driver market?
Answer: The global motor driver market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the motor driver market?
Answer: The major drivers for this market are rising demand for electric vehicles, growing demand for automation and industrialization across various industries, as well as, technological development in motor driver design, such as use of advanced semiconductor materials, power electronics, and control algorithms.
Q4. What are the major segments for motor driver market?
Answer: The future of the global motor driver market looks promising with opportunities in the automotive and healthcare markets.
Q5. Who are the key motor driver market companies?
Answer: Some of the key motor driver companies are as follows:
• ABB
• Mitsubishi Electric
• Siemens
• Schneider Electric
• Toshiba
• Fuji Electric
• Rockwell Automation
Q6. Which motor driver market segment will be the largest in future?
Answer: Lucintel forecasts that AC motor drivers will remain the larger segment over the forecast period due to its exceptional dependability, efficiency, and capacity for speed control.
Q7. In motor driver market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to existence of major automotive manufacturers, rising demand for automation in various industries, as well as, growing adoption of electric vehicles in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the motor driver market by type (AC motor drivers and DC motor drivers), application (automotive, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Motor Driver Market, Motor Driver Market Size, Motor Driver Market Growth, Motor Driver Market Analysis, Motor Driver Market Report, Motor Driver Market Share, Motor Driver Market Trends, Motor Driver Market Forecast, Motor Driver Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Motor Driver Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Motor Driver Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Motor Driver Market by Type
3.3.1: AC Motor Drivers
3.3.2: DC Motor Drivers
3.4: Global Motor Driver Market by Application
3.4.1: Automotive
3.4.2: Healthcare
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Motor Driver Market by Region
4.2: North American Motor Driver Market
4.2.2: North American Motor Driver Market by Application: Automotive, Healthcare, and Others
4.3: European Motor Driver Market
4.3.1: European Motor Driver Market by Type: AC Motor Drivers and DC Motor Drivers
4.3.2: European Motor Driver Market by Application: Automotive, Healthcare, and Others
4.4: APAC Motor Driver Market
4.4.1: APAC Motor Driver Market by Type: AC Motor Drivers and DC Motor Drivers
4.4.2: APAC Motor Driver Market by Application: Automotive, Healthcare, and Others
4.5: ROW Motor Driver Market
4.5.1: ROW Motor Driver Market by Type: AC Motor Drivers and DC Motor Drivers
4.5.2: ROW Motor Driver Market by Application: Automotive, Healthcare, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Motor Driver Market by Type
6.1.2: Growth Opportunities for the Global Motor Driver Market by Application
6.1.3: Growth Opportunities for the Global Motor Driver Market by Region
6.2: Emerging Trends in the Global Motor Driver Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Motor Driver Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Motor Driver Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ABB
7.2: Mitsubishi Electric
7.3: Siemens
7.4: Schneider Electric
7.5: Toshiba
7.6: Fuji Electric
7.7: Rockwell Automation
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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