PUBLISHER: The Business Research Company | PRODUCT CODE: 1760137
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760137
Industrial motor management and control devices are systems and components designed to monitor, regulate, protect, and optimize the performance of electric motors in industrial environments. Their primary objectives are to ensure energy efficiency, prevent motor damage, improve operational reliability, and enable predictive maintenance.
The key products in the industrial motor management and control device market include hardware, software, and services. Hardware refers to the physical equipment and components used to control, monitor, and protect electric motors in industrial systems. These devices accommodate various voltage levels, including high, medium, and low voltage, and serve a wide range of industries, such as oil and gas, power generation, manufacturing, mining, and more.
The industrial motor management and control device market research report is one of a series of new reports from The Business Research Company that provides industrial motor management and control device market statistics, including industrial motor management and control device industry global market size, regional shares, competitors with an industrial motor management and control device market share, detailed industrial motor management and control device market segments, market trends and opportunities, and any further data you may need to thrive in the industrial motor management and control device industry. This industrial motor management and control device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial motor management and control device market size has grown strongly in recent years. It will grow from $3.80 billion in 2024 to $4.04 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period can be attributed to the increasing focus on sustainability and environmental impact, a rise in demand for high-performance motors, greater adoption of IoT in industrial operations, a heightened emphasis on minimizing downtime, and a growing need for predictive maintenance.
The industrial motor management and control device market size is expected to see strong growth in the next few years. It will grow to $5.11 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth expected in the forecast period can be attributed to the rise in smart factory adoption, a growing emphasis on digitalization in manufacturing, increasing demand for operational efficiency, a rise in industrial IoT applications, and a continued focus on sustainability. Key trends during the forecast period include advancements in wireless communication technologies, the integration of edge computing for faster decision-making, progress in condition-based monitoring systems, the use of machine learning for fault detection, and innovations in cloud-based motor management platforms.
The increasing adoption of industrial automation is expected to drive the growth of the industrial motor management and control device market. Industrial automation involves the use of control systems such as computers, robots, and information technologies to manage industrial processes with minimal human involvement. This growth is primarily driven by the demand for real-time data monitoring, which enables quick identification of inefficiencies and equipment malfunctions, improving decision-making and reducing unexpected downtime. Industrial motor management and control devices play a crucial role in automation by regulating motor performance, ensuring energy efficiency, and enabling precise process control. For example, the International Federation of Robotics reported that in 2022, 404,578 industrial robots were installed in Asia, a 5% increase from 2021, when 385,143 units were installed. As a result, the increasing adoption of industrial automation is fueling the growth of the industrial motor management and control device market.
Leading companies in the industrial motor management and control device market are focusing on developing Single Pair Ethernet (SPE) communication to improve data transmission efficiency and reduce wiring complexity, which in turn enhances the reliability of motor control systems. SPE communication is a networking technology that uses a single pair of twisted copper wires to transmit data, enabling faster and more efficient communication in industrial environments. For instance, in October 2024, Siemens AG, a Germany-based automation company, launched the SIMOCODE M-CP, a motor management system designed to improve motor control center efficiency. This system incorporates advanced SPE communication, optimized space usage, and scalable functionality, ensuring long-term reliability and seamless integration across various industrial applications.
In March 2023, Regal Rexnord Corporation, a U.S.-based manufacturer of electric motors, acquired Altra Industrial Motion Corporation for an undisclosed amount. The acquisition allows Regal Rexnord to integrate Altra's advanced motor and motion control technologies into its global automation portfolio. This strengthens Regal Rexnord's position in the industrial motor space, broadens its product range, and enhances profit margins through synergy-driven efficiencies. Altra Industrial Motion Corporation specializes in manufacturing industrial motor management and control devices.
Major players in the industrial motor management and control device market are Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, GE Vernova LLC, ABB Ltd., Eaton Corporation plc, Nidec Corporation, Infineon Technologies AG, Rockwell Automation Inc., Fuji Electric Co. Ltd., WEG S.A, SEW-Eurodrive GmbH And Co KG, Franklin Electric Co. Inc., Ingeteam S.A., IDEC Corporation, Powell Industries Inc., Curtis Instruments Inc., Ebm-papst Mulfingen GmbH And Co. KG, Marine Electricals Limited, Nanotec Electronic GmbH And Co. KG, and Roboteq Inc.
North America was the largest region in the industrial motor management and control device market in 2024. The regions covered in industrial motor management and control device report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the industrial motor management and control device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial motor management and control device market consists of revenues earned by entities by providing services such as installation, integration, maintenance, repair, technical support, system upgrades, and remote monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial motor management and control devices market also includes sales of motor control centers (MCCs), variable frequency drives (VFDs), and soft starters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Industrial Motor Management And Control Device Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial motor management and control device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial motor management and control device ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial motor management and control device market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.