Intelligent Motor Controller Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2028

The global Intelligent Motor Controller Market size is projected to reach USD 866.0 million by 2028 and exhibit a CAGR of 5.5% during the forecast period. The increasing adoption of industrial automation and increasing demand for augmented motor efficiency are expected to bolster the market growth. Fortune Business InsightsTM has presented this information in its report titled, “Intelligent Motor Controller Market, 2021-2028”. The market size stood at USD 569.3 million in 2020 and USD 597.5 million in 2021. Additionally, the escalating demand for multifunctional and smart devices to improve efficiency is boosting the intelligent motor controller adoption and is likely to be a key factor favoring the market growth.

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Prominent Players Present in the Intelligent Motor Controller Market are: • General Electric (U.S.) • Mitsubishi Electric (Japan) • Siemens AG (Germany) • ABB (Switzerland) • Larsen & Toubro (India) • Schneider Electric (France) • Lsis Co. Ltd. (South Korea) • Rockwell Automation (India) • NXP Semiconductors (Netherlands) • Fairford Electronics (U.S.) • Roboteq Inc. (U.S.) • Nanotec Electronic GmbH & Co. (Germany)