A motor controller is a device or group of devices that serves to govern in some predetermined manner the performance of an electric motor. A motor controller might include a manual or automatic means for starting and stopping the motor, selecting forward or reverse rotation, selecting and regulating the speed, regulating or limiting the torque, and protecting against overloads and faults.
In the coming years there is an increasing demand for motor controllers in the regions of North America and Europe that is expected to drive the market for more advanced motor controllers. Increasing of automotive used fields expenditures, especially for electric vehicles, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of motor controllers of APAC will drive growth of the market.
Globally, the motor controllers industry market is not very concentrated as the manufacturing technology of motor controllers is relatively matures than some high-tech equipment. And some enterprises, like Mitsubishi, Yaskawa, Rockwell and Fanuc etc. are well-known for the wonderful performance of their motor controllers and related services. At the same time, Asia-Pacific, occupied 36.90% revenue market share in 2017, is remarkable in the global motor controllers industry because of their market share and technology status of motor controllers.
The consumption volume of motor controllers is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of motor controllers industry may not keep that fast. But it is surely forecasted that the market of motor controllers is still promising.

According to this study, over the next five years the Motor Controllers market will register a 18.4% CAGR in terms of revenue, the global market size will reach USD 21800 million by 2024, from USD 7930 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Motor Controllers business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Motor Controllers market by product type, application, key manufacturers and key regions and countries.

This study considers the Motor Controllers value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Servo Motor Controller
Stepper Motor Controller
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
General Industry
Robots
Automotive
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Mitsubishi
Yaskawa
Rockwell
Fanuc
Siemens
ABB
Nidec
Schneider
Delta
Panasonic
Rexroth (Bosch)
Zapi
Eorive
Teco
V&T
Inovance
Moog
Enpower
Greatland Electrics
Kelly Controls

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Motor Controllers consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Motor Controllers market by identifying its various subsegments.
Focuses on the key global Motor Controllers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Motor Controllers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Motor Controllers submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.