According to a new report, published by KBV research, The Global DC Motor Control Devices Market size is expected to reach $2 billion by 2030, rising at a market growth of 6.8% CAGR during the forecast period.
The Industrial segment is registering a CAGR of 7.6% during (2023 - 2030). DC motor control devices are integral to industrial automation, enabling precise control over motorized components in manufacturing processes. This includes conveyor systems, robotic arms, and other automated machinery, contributing to increased efficiency and productivity. DC motor control devices are employed in material handling systems, controlling conveyor belts, lifts, and other equipment. This precise control enhances the efficiency of material transport within industrial facilities. In Computer Numerical Control (CNC) machines, DC motor control devices are used for tools and axis control. This contributes to the accuracy and efficiency of machining processes in industrial manufacturing.
The Asia Pacific region dominated the Global DC Motor Control Devices Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $776.8 million by 2030. The Europe region is anticipating a CAGR of 6.4% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 6.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/dc-motor-control-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Eaton Corporation PLC, General Electric Company, Johnson Electric Holdings Limited, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, STMicroelectronics N.V., Toshiba Corporation, Ametek, Inc.
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