Market Leader - Motor Management Market
Motor management are being deployed in industries such as oil & gas, metals & mining, power generation, chemicals, cement, food & beverages, agriculture, and water supply and wastewater treatment. The market for Motor management is estimated to be worth USD 4.03 Billion by 2023, at a CAGR of 5.35% between 2017 and 2023.
Key market players include General Electric (US), Texas Instruments (US), Siemens AG (Germany), Schneider Electric SE (France), and ABB Ltd. (Switzerland). These companies operate globally and provide motor controllers and discrete devices; they rely on their R&D capabilities to develop a balanced product portfolio to hold a large share of the market. They have been focusing on product launches, research and development, acquisitions, and collaborations to enhance their product offerings and expand their business.
General Electric, with its strong R&D capabilities, makes substantial investments in developing new products. Foer instance, the new series of products launched in motor and generator module helped the company to retain its share in the existing market and also to increase its market penetration. The company is also expected to achieve rapid growth through acquisitions in emerging markets such as China. General Electric has adopted strategies such as product launches, product developments, and expansions to sustain in the highly competitive motor management market. In 2014, GE developed a new Multilin 869 Motor Protection System designed for the protection, control, and management of medium and large induction and synchronous motors.
Texas Instruments is equipped with a strong sales and distribution channel. The company’s microcontrollers used in Motor management have a good industry coverage due to the sales offices located globally. Texas Instruments earns revenue from a diverse base of thousands of applications, which enables it to avoid dependence on a single market, customer, or product. The company continued to perform well in 2016, with a focus on analog and embedded processing. Texas Instruments is continuously engaged in conducting research and upgrading its product portfolio. In 2017, Texas Instruments manufactured the smallest gate driver and power MOSFET solution for motor controllers in motor drive applications. DRV832x brushless DC (BLDC) gate drivers and CSD88584/99 NexFET Power Blocks are mostly deployed together in a single motor controller to work smoothly.
Siemens has a large workforce dedicated to offering high-quality products and services to consumers. It offers customers a one-stop solution for various power-related queries. It is also venturing into different markets to expand its customer base. Siemens has promoted an expansion module for condition monitoring systems. Siplus CMS1200 enables continuous condition monitoring via TIA Portal and Simatic S7-1200 controller designed for use with mechanical components of motors, generators, pumps, fans, and gear units to detect mechanical damage at an early stage and prevent further problems. Moreover, Siemens AG has linked geared motors and motion controllers together for proper control and protection purposes. In 2016, Siemens AG upgraded its new firmware version 4.8, which allows Sinamics S120 high-performance low-voltage converters to be combined with Simotics’ synchronous reluctance motors.
Related Reports:
Motor Management Market by Product & Service (Hardware and Software & Solution Services), Type (Synchronous Motor and Asynchronous Motor), Control, Voltage Range, Application, Industry, and Geography - Global Forecast to 2023
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