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ringier-盛鈺精機有限公司

Motion control market value at US$21.99 billion by 2020

Source:Ringier Metalworking Release Date:2015-08-18 115
Metalworking
MarketsandMarkets has reported the worldwide motion control market is expected to reach US$21.99 Billion by 2020, at a CAGR of 6.87%, during the forecast period.

VARIOUS sectors such as aerospace & defense, automotive, semiconductor & electronics, metals & machinery manufacturing, and food & beverage utilize motion control systems to move an object from one place to another, in addition to controlling its acceleration, deceleration, or speed of motion.

Increased demand for energy efficient solutions, enhanced production capacity, high level security, increased venture capital funding, and several initiatives taken by government bodies for industrial growth have led to the development of automation and industrial control systems across the globe.

Motion control systems help in streamlining the workflows in various industries which help the latter achieve optimum efficiency. The metal & machinery manufacturing application held the largest share among all applications of motion control market followed by semiconductor & electronics.

The motion control products such as motors, drives, and controllers which are requited in metal & machinery manufacturing applications are used to control speed, acceleration overload, and quick breaking which helps improve the performance of machine tools.

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