Intelligent Motor Controller Market
Intelligent Motor Controller Market Forecasts to 2030 - Global Analysis By Motor Type (AC, DC and Other Motor Types), Voltage (Low Voltage and Medium Voltage), Application (Compressors, Fans, Pumps and Other Applications), End User and By Geography
According to Stratistics MRC, the Global Intelligent Motor Controllers Market is accounted for $707.23 million in 2023 and is expected to reach $1,173.34 million by 2030 growing at a CAGR of 7.5% during the forecast period. Intelligent Motor Controllers is a transition metal that has a high melting point and strong corrosion resistance. It is a chemical element that is lustrous and blue-grey in colour and extremely hard to find. Hard rock mines are the primary source of Intelligent Motor Controllers, but it is also present in artisanal mines, tin slag, and minerals like tantalite, columbine, and colton. Intelligent Motor Controllers is used as a substitute for platinum due to its chemical immobility and has a wide range of uses in laboratory equipment, electronic devices, medical equipment, the production of superalloys, etc.
Market Dynamics:
Driver:
Rising demand for smart and multifunctional devices
In many industries, consumers are switching from conventional products to smart ones. As end-user development progresses, smart and multifunctional device adoption is rapidly rising. Adoption of smart devices offers greater energy efficiency and is convenient and flexible. The adoption of intelligent motor controllers (IMC) in industries is accelerated by the rising demand for intelligent, multifunctional, and integrated devices.
Restraint:
Complexity of implementation
Intelligent motor controllers integration into existing systems may call for significant adjustments and knowledge. Some organisations may find it difficult to configure and maintain these controllers due to the complexity of the implementation process. Such occurrences may restrict market growth temporarily.
Opportunity:
Adoption of industrial automation
The demand for automation is rising in sectors like manufacturing, automotive, and electronics, which is a major market driver for intelligent motor controllers. These advanced features, which are crucial for industrial automation processes, include remote monitoring, predictive maintenance, and precise control. The manufacturing sector's productivity is boosted by industrial automation. The market adoption of intelligent motor controllers increases due to rising automation implementation, which also opens up lucrative growth opportunities.
Threat:
High cost of components
The price of the various parts used to make intelligent motor controllers is extremely high. The price of the finished product is increased by the expensive components. The demand for greater investment grows as a result of the high cost of intelligent motor controllers. Some small businesses are unable to pay for the equipment's installation. Due to this, industry growth during the forecast period might be constrained.
Covid-19 Impact
The intelligent motor controllers market has been negatively impacted due to the COVID-19 outbreak. Due to plant closures and a temporary halt in global manufacturing activities, the pandemic has had a significant negative impact on industrial facilities. Demand for and procurement of new IMCs were temporarily halted due to the decline in manufacturing activity. The ban's effects on the supply chain also caused fluctuations in IMCs' production, which had an even greater impact. All of the aforementioned factors have had a negative effect on the market activities of IMCs.
The pumps segment is expected to be the largest during the forecast period
During the anticipated period, it is predicted that the pumps segment will maintain a commanding market share. Pumps are more in demand and more often installed because they are used in so many different industries, including the water and wastewater, oil, and gas sectors. The majority of the time, liquid or semi-solid materials are transferred using pumps as motors. IMC installation is rapidly rising in the pump industry as a result of improved pump performance and motor efficiency. Over the course of the forecast period, this will fuel growth in the pump sector.
The Direct Current (DC) segment is expected to have the highest CAGR during the forecast period
During the forecast period, it is anticipated that the Direct Current (DC) segment will experience significant growth. The efficiency and starting torque of DC motors are said to be higher. Such motors are increasingly in demand and being adopted as consumer demand grows significantly.
Region with largest share:
North America is anticipated to continue to rule during the forecast period after dominating the global market share in 2020. As end-user technology advances, there is a growing demand for and installation of smart devices in this region. Because of its widespread adoption of cutting-edge technology, North America's end-user industries are more likely to use IMCs. As a result, it fuels growth in North America over the course of the forecast.
Region with highest CAGR:
Over the forecast period, the Asia-Pacific region is anticipated to grow at a significant CAGR. Along with rapidly expanding automation penetration in the industrial segment, the region has booming power generation and wastewater management industries. The use of smart devices is highly desired because they lower costs and increase operational effectiveness. The use of IMCs is also growing as a result of the installation of smart motors. As a result, the market is estimated to grow in the Asia-Pacific region.
Key players in the market
Some of the key players profiled in the Intelligent Motor Controllers Market include ABB, Fairford Electronics, Fanuc, General Electric, Greatland Electrics, Kelly Controls, Larsen & Toubro, Lsis Co. Ltd., Mitsubishi Electric Corporation, Nanotec Electronic GmbH & Co., NXP Semiconductors, Rexroth (Bosch), Roboteq Inc, Rockwell Automation, Schneider Electric, Siemens AG and Yaskawa.
Key Developments:
In June 2023, GE Digital announced a new agreement with Bamboo Airways that will help the airline enhance its fuel efficiency and reduce carbon emissions. The agreement will see Bamboo Airways adopt GE Digital’s Fuel Insight and FlightPulse, two market-proven software solutions that are designed to provide insights that airlines can use to reduce fuel costs and optimize operations.
In July 2023, ABB and Microsoft collaborate to bring generative AI to industrial applications. The collaboration aims to deploy Copilot capabilities to enable more intuitive user interaction with ABB Ability™ Genix Industrial Analytics and AI Suite and its applications, and further enhance the value of contextualized data for efficiency and sustainability gains.
In June 2023, GE Aerospace announced that it has signed a Memorandum of Understanding (MOU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force, a major milestone amidst Indian Prime Minister Narendra Modi’s official state visit to the United States and a key element in strengthening defense cooperation between the two countries.
Motor Types Covered:
• Alternating Current (AC)
• Direct Current (DC)
• Other Motor Types
Voltages Covered:
• Low Voltage
• Medium Voltage
Applications Covered:
• Compressors
• Fans
• Pumps
• Other Applications
End Users Covered:
• Chemicals & Petrochemicals
• Food & Beverages
• Metals & Mining
• Oil & Gas
• Pharmaceuticals
• Power Generation
• Water & Wastewater
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Intelligent Motor Controller Market, By Motor Type
5.1 Introduction
5.2 Alternating Current (AC)
5.3 Direct Current (DC)
5.4 Other Motor Types
6 Global Intelligent Motor Controller Market, By Voltage
6.1 Introduction
6.2 Low Voltage
6.3 Medium Voltage
7 Global Intelligent Motor Controller Market, By Application
7.1 Introduction
7.2 Compressors
7.3 Fans
7.4 Pumps
7.5 Other Applications
8 Global Intelligent Motor Controller Market, By End User
8.1 Introduction
8.2 Chemicals & Petrochemicals
8.3 Food & Beverages
8.4 Metals & Mining
8.5 Oil & Gas
8.6 Pharmaceuticals
8.7 Power Generation
8.8 Water & Wastewater
8.9 Other End Users
9 Global Intelligent Motor Controller Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 ABB
11.2 Fairford Electronics
11.3 Fanuc
11.4 General Electric
11.5 Greatland Electrics
11.6 Kelly Controls
11.7 Larsen & Toubro
11.8 Lsis Co. Ltd.
11.9 Mitsubishi Electric Corporation
11.10 Nanotec Electronic GmbH & Co.
11.11 NXP Semiconductors
11.12 Rexroth (Bosch)
11.13 Roboteq Inc.
11.14 Rockwell Automation
11.15 Schneider Electric
11.16 Siemens AG
11.17 Yaskawa
List of Tables
1 Global Intelligent Motor Controller Market Outlook, By Region (2021-2030) ($MN)
2 Global Intelligent Motor Controller Market Outlook, By Motor Type (2021-2030) ($MN)
3 Global Intelligent Motor Controller Market Outlook, By Alternating Current (AC) (2021-2030) ($MN)
4 Global Intelligent Motor Controller Market Outlook, By Direct Current (DC) (2021-2030) ($MN)
5 Global Intelligent Motor Controller Market Outlook, By Other Motor Types (2021-2030) ($MN)
6 Global Intelligent Motor Controller Market Outlook, By Voltage (2021-2030) ($MN)
7 Global Intelligent Motor Controller Market Outlook, By Low Voltage (2021-2030) ($MN)
8 Global Intelligent Motor Controller Market Outlook, By Medium Voltage (2021-2030) ($MN)
9 Global Intelligent Motor Controller Market Outlook, By Application (2021-2030) ($MN)
10 Global Intelligent Motor Controller Market Outlook, By Compressors (2021-2030) ($MN)
11 Global Intelligent Motor Controller Market Outlook, By Fans (2021-2030) ($MN)
12 Global Intelligent Motor Controller Market Outlook, By Pumps (2021-2030) ($MN)
13 Global Intelligent Motor Controller Market Outlook, By Other Applications (2021-2030) ($MN)
14 Global Intelligent Motor Controller Market Outlook, By End User (2021-2030) ($MN)
15 Global Intelligent Motor Controller Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
16 Global Intelligent Motor Controller Market Outlook, By Food & Beverages (2021-2030) ($MN)
17 Global Intelligent Motor Controller Market Outlook, By Metals & Mining (2021-2030) ($MN)
18 Global Intelligent Motor Controller Market Outlook, By Oil & Gas (2021-2030) ($MN)
19 Global Intelligent Motor Controller Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
20 Global Intelligent Motor Controller Market Outlook, By Power Generation (2021-2030) ($MN)
21 Global Intelligent Motor Controller Market Outlook, By Water & Wastewater (2021-2030) ($MN)
22 Global Intelligent Motor Controller Market Outlook, By Other End Users (2021-2030) ($MN)
23 North America Intelligent Motor Controller Market Outlook, By Country (2021-2030) ($MN)
24 North America Intelligent Motor Controller Market Outlook, By Motor Type (2021-2030) ($MN)
25 North America Intelligent Motor Controller Market Outlook, By Alternating Current (AC) (2021-2030) ($MN)
26 North America Intelligent Motor Controller Market Outlook, By Direct Current (DC) (2021-2030) ($MN)
27 North America Intelligent Motor Controller Market Outlook, By Other Motor Types (2021-2030) ($MN)
28 North America Intelligent Motor Controller Market Outlook, By Voltage (2021-2030) ($MN)
29 North America Intelligent Motor Controller Market Outlook, By Low Voltage (2021-2030) ($MN)
30 North America Intelligent Motor Controller Market Outlook, By Medium Voltage (2021-2030) ($MN)
31 North America Intelligent Motor Controller Market Outlook, By Application (2021-2030) ($MN)
32 North America Intelligent Motor Controller Market Outlook, By Compressors (2021-2030) ($MN)
33 North America Intelligent Motor Controller Market Outlook, By Fans (2021-2030) ($MN)
34 North America Intelligent Motor Controller Market Outlook, By Pumps (2021-2030) ($MN)
35 North America Intelligent Motor Controller Market Outlook, By Other Applications (2021-2030) ($MN)
36 North America Intelligent Motor Controller Market Outlook, By End User (2021-2030) ($MN)
37 North America Intelligent Motor Controller Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
38 North America Intelligent Motor Controller Market Outlook, By Food & Beverages (2021-2030) ($MN)
39 North America Intelligent Motor Controller Market Outlook, By Metals & Mining (2021-2030) ($MN)
40 North America Intelligent Motor Controller Market Outlook, By Oil & Gas (2021-2030) ($MN)
41 North America Intelligent Motor Controller Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
42 North America Intelligent Motor Controller Market Outlook, By Power Generation (2021-2030) ($MN)
43 North America Intelligent Motor Controller Market Outlook, By Water & Wastewater (2021-2030) ($MN)
44 North America Intelligent Motor Controller Market Outlook, By Other End Users (2021-2030) ($MN)
45 Europe Intelligent Motor Controller Market Outlook, By Country (2021-2030) ($MN)
46 Europe Intelligent Motor Controller Market Outlook, By Motor Type (2021-2030) ($MN)
47 Europe Intelligent Motor Controller Market Outlook, By Alternating Current (AC) (2021-2030) ($MN)
48 Europe Intelligent Motor Controller Market Outlook, By Direct Current (DC) (2021-2030) ($MN)
49 Europe Intelligent Motor Controller Market Outlook, By Other Motor Types (2021-2030) ($MN)
50 Europe Intelligent Motor Controller Market Outlook, By Voltage (2021-2030) ($MN)
51 Europe Intelligent Motor Controller Market Outlook, By Low Voltage (2021-2030) ($MN)
52 Europe Intelligent Motor Controller Market Outlook, By Medium Voltage (2021-2030) ($MN)
53 Europe Intelligent Motor Controller Market Outlook, By Application (2021-2030) ($MN)
54 Europe Intelligent Motor Controller Market Outlook, By Compressors (2021-2030) ($MN)
55 Europe Intelligent Motor Controller Market Outlook, By Fans (2021-2030) ($MN)
56 Europe Intelligent Motor Controller Market Outlook, By Pumps (2021-2030) ($MN)
57 Europe Intelligent Motor Controller Market Outlook, By Other Applications (2021-2030) ($MN)
58 Europe Intelligent Motor Controller Market Outlook, By End User (2021-2030) ($MN)
59 Europe Intelligent Motor Controller Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
60 Europe Intelligent Motor Controller Market Outlook, By Food & Beverages (2021-2030) ($MN)
61 Europe Intelligent Motor Controller Market Outlook, By Metals & Mining (2021-2030) ($MN)
62 Europe Intelligent Motor Controller Market Outlook, By Oil & Gas (2021-2030) ($MN)
63 Europe Intelligent Motor Controller Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
64 Europe Intelligent Motor Controller Market Outlook, By Power Generation (2021-2030) ($MN)
65 Europe Intelligent Motor Controller Market Outlook, By Water & Wastewater (2021-2030) ($MN)
66 Europe Intelligent Motor Controller Market Outlook, By Other End Users (2021-2030) ($MN)
67 Asia Pacific Intelligent Motor Controller Market Outlook, By Country (2021-2030) ($MN)
68 Asia Pacific Intelligent Motor Controller Market Outlook, By Motor Type (2021-2030) ($MN)
69 Asia Pacific Intelligent Motor Controller Market Outlook, By Alternating Current (AC) (2021-2030) ($MN)
70 Asia Pacific Intelligent Motor Controller Market Outlook, By Direct Current (DC) (2021-2030) ($MN)
71 Asia Pacific Intelligent Motor Controller Market Outlook, By Other Motor Types (2021-2030) ($MN)
72 Asia Pacific Intelligent Motor Controller Market Outlook, By Voltage (2021-2030) ($MN)
73 Asia Pacific Intelligent Motor Controller Market Outlook, By Low Voltage (2021-2030) ($MN)
74 Asia Pacific Intelligent Motor Controller Market Outlook, By Medium Voltage (2021-2030) ($MN)
75 Asia Pacific Intelligent Motor Controller Market Outlook, By Application (2021-2030) ($MN)
76 Asia Pacific Intelligent Motor Controller Market Outlook, By Compressors (2021-2030) ($MN)
77 Asia Pacific Intelligent Motor Controller Market Outlook, By Fans (2021-2030) ($MN)
78 Asia Pacific Intelligent Motor Controller Market Outlook, By Pumps (2021-2030) ($MN)
79 Asia Pacific Intelligent Motor Controller Market Outlook, By Other Applications (2021-2030) ($MN)
80 Asia Pacific Intelligent Motor Controller Market Outlook, By End User (2021-2030) ($MN)
81 Asia Pacific Intelligent Motor Controller Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
82 Asia Pacific Intelligent Motor Controller Market Outlook, By Food & Beverages (2021-2030) ($MN)
83 Asia Pacific Intelligent Motor Controller Market Outlook, By Metals & Mining (2021-2030) ($MN)
84 Asia Pacific Intelligent Motor Controller Market Outlook, By Oil & Gas (2021-2030) ($MN)
85 Asia Pacific Intelligent Motor Controller Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
86 Asia Pacific Intelligent Motor Controller Market Outlook, By Power Generation (2021-2030) ($MN)
87 Asia Pacific Intelligent Motor Controller Market Outlook, By Water & Wastewater (2021-2030) ($MN)
88 Asia Pacific Intelligent Motor Controller Market Outlook, By Other End Users (2021-2030) ($MN)
89 South America Intelligent Motor Controller Market Outlook, By Country (2021-2030) ($MN)
90 South America Intelligent Motor Controller Market Outlook, By Motor Type (2021-2030) ($MN)
91 South America Intelligent Motor Controller Market Outlook, By Alternating Current (AC) (2021-2030) ($MN)
92 South America Intelligent Motor Controller Market Outlook, By Direct Current (DC) (2021-2030) ($MN)
93 South America Intelligent Motor Controller Market Outlook, By Other Motor Types (2021-2030) ($MN)
94 South America Intelligent Motor Controller Market Outlook, By Voltage (2021-2030) ($MN)
95 South America Intelligent Motor Controller Market Outlook, By Low Voltage (2021-2030) ($MN)
96 South America Intelligent Motor Controller Market Outlook, By Medium Voltage (2021-2030) ($MN)
97 South America Intelligent Motor Controller Market Outlook, By Application (2021-2030) ($MN)
98 South America Intelligent Motor Controller Market Outlook, By Compressors (2021-2030) ($MN)
99 South America Intelligent Motor Controller Market Outlook, By Fans (2021-2030) ($MN)
100 South America Intelligent Motor Controller Market Outlook, By Pumps (2021-2030) ($MN)
101 South America Intelligent Motor Controller Market Outlook, By Other Applications (2021-2030) ($MN)
102 South America Intelligent Motor Controller Market Outlook, By End User (2021-2030) ($MN)
103 South America Intelligent Motor Controller Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
104 South America Intelligent Motor Controller Market Outlook, By Food & Beverages (2021-2030) ($MN)
105 South America Intelligent Motor Controller Market Outlook, By Metals & Mining (2021-2030) ($MN)
106 South America Intelligent Motor Controller Market Outlook, By Oil & Gas (2021-2030) ($MN)
107 South America Intelligent Motor Controller Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
108 South America Intelligent Motor Controller Market Outlook, By Power Generation (2021-2030) ($MN)
109 South America Intelligent Motor Controller Market Outlook, By Water & Wastewater (2021-2030) ($MN)
110 South America Intelligent Motor Controller Market Outlook, By Other End Users (2021-2030) ($MN)
111 Middle East & Africa Intelligent Motor Controller Market Outlook, By Country (2021-2030) ($MN)
112 Middle East & Africa Intelligent Motor Controller Market Outlook, By Motor Type (2021-2030) ($MN)
113 Middle East & Africa Intelligent Motor Controller Market Outlook, By Alternating Current (AC) (2021-2030) ($MN)
114 Middle East & Africa Intelligent Motor Controller Market Outlook, By Direct Current (DC) (2021-2030) ($MN)
115 Middle East & Africa Intelligent Motor Controller Market Outlook, By Other Motor Types (2021-2030) ($MN)
116 Middle East & Africa Intelligent Motor Controller Market Outlook, By Voltage (2021-2030) ($MN)
117 Middle East & Africa Intelligent Motor Controller Market Outlook, By Low Voltage (2021-2030) ($MN)
118 Middle East & Africa Intelligent Motor Controller Market Outlook, By Medium Voltage (2021-2030) ($MN)
119 Middle East & Africa Intelligent Motor Controller Market Outlook, By Application (2021-2030) ($MN)
120 Middle East & Africa Intelligent Motor Controller Market Outlook, By Compressors (2021-2030) ($MN)
121 Middle East & Africa Intelligent Motor Controller Market Outlook, By Fans (2021-2030) ($MN)
122 Middle East & Africa Intelligent Motor Controller Market Outlook, By Pumps (2021-2030) ($MN)
123 Middle East & Africa Intelligent Motor Controller Market Outlook, By Other Applications (2021-2030) ($MN)
124 Middle East & Africa Intelligent Motor Controller Market Outlook, By End User (2021-2030) ($MN)
125 Middle East & Africa Intelligent Motor Controller Market Outlook, By Chemicals & Petrochemicals (2021-2030) ($MN)
126 Middle East & Africa Intelligent Motor Controller Market Outlook, By Food & Beverages (2021-2030) ($MN)
127 Middle East & Africa Intelligent Motor Controller Market Outlook, By Metals & Mining (2021-2030) ($MN)
128 Middle East & Africa Intelligent Motor Controller Market Outlook, By Oil & Gas (2021-2030) ($MN)
129 Middle East & Africa Intelligent Motor Controller Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
130 Middle East & Africa Intelligent Motor Controller Market Outlook, By Power Generation (2021-2030) ($MN)
131 Middle East & Africa Intelligent Motor Controller Market Outlook, By Water & Wastewater (2021-2030) ($MN)
132 Middle East & Africa Intelligent Motor Controller Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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