HOME › Research Insight › ABB (Switzerland), Parker Hannifin Corp (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and Siemens AG (Germany) are some of the Leading Players in the Motion Control Market.
ABB (Switzerland), Parker Hannifin Corp (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and Siemens AG (Germany) are some of the Leading Players in the Motion Control Market.
Motion control allows to deliver highly efficient products, eliminates the need for manual work, and provides greater efficiency and accuracy. Implementation of motion control facilitates the manufacturing firm to reduce the complexity of production processes, especially in industries such as automotive and aerospace and defense that manufacture equipment and parts of the vehicles and aircraft. The motion control market is expected to be valued at USD 22.84 Billion by 2022, growing at a CAGR of 5.5% between 2016 and 2022. The growth of this market is propelled by the adoption of advanced and automated processes for factory automation, safety-enabled productivity in industries, increasing demand for industrial robots in manufacturing processes, and ease of use and integration of components within motion control systems.
ABB (Switzerland), Parker Hannifin Corp (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and Siemens AG (Germany) are some of the leading players in the motion control market. Some of the key strategies adopted by the major players to gain a competitive edge in the market include new product developments, agreements, partnerships, contracts, mergers, acquisitions, and expansions.
Siemens AG was the leading company in the motion control market in 2015. The company has established a strong brand name for its innovative strength, technological excellence, and quality of products. Further, the company has strong geographical presence. In November 2016, the company updated the SIMOTION software (new version 4.5) for its high-end motion control system. This version is equipped with object-oriented programming (OOP) and communication via Open Platform Communications Unified Architecture (OPC UA) which would enable mechanical engineers to implement large software projects and access SIMOTION data cloud. These agreements have enabled the company to strengthen its customer base and market position. The company is also focused on investing in R&D initiatives.
Parker Hannifin Corp (U.S.) is one of the major players in the motion control market. The strong position of the company in various markets provides it a competitive advantage. In August 2016, the company launched Servonet DC which is specifically used in challenging environments outside of the cabinet. It is used in applications such as packaging machines and rotary tables which comprise number of drives and motors. It helps in maintaining the quality and it is also cost-effective for multiaxis applications where drives are placed close to each other in the machine. In June 2016, the company extended its range of frameless Permanent Magnet AC (PMAC) motors with low-voltage K Series. These servo motors are used where compactness, reliability, precision, and cost-effectiveness are of major importance. It is used in industries such as food and beverages, packaging, and life sciences. These active measures have helped the company strengthen its brand image and enhance its market presence.
\Other companies involved in the development of motion control systems include Altra Industrial Motion Corp. (U.S.), Bosch Rexroth AG (Germany), Dover Motion (U.S.), Eaton Corporation Plc (Ireland), Kollmorgen (U.S.), Mitsubishi Electric Corporation (Japan), Moog Inc. (U.S.), and Yaskawa Electric Corporation (Japan).
Motion Control Market by Component (AC Motors, Motors, Motion Controllers, AC Drives, Electronic Drives), Application (Packaging, Material Handling, Metal Fabrication, Converting, Positioning), Industry, and Geography - Global Forecast to 2022 2
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