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The market for Motion Control Components Market is expected to grow at a CAGR of around 5.2% from 2020 to 2027 and expected to reach the market value of around US$ 17.29 Bn by 2027.
A motion control systems offer and regulate load driving to carry out operations. It is highly specialized for functionalities such as managing torque, position, and speed. Currently, in packaging industry robots are being installed where it is hard for humans to do work. Such a trend has gained a lot of attention with the outbreak of COVID-19 pandemic. Additionally, in order to tackle uncertainties with labor shortage, extreme weather and potential infectious diseases, it is witnessed that companies of motion control components are increasing the availability of robots. This has created a lot of market opportunities for the motion control components market in order to combat risk of human interactions.
Key Market Trends
Big calls for “Digitalization”
Rapid industrial change by integrating on digitalized platform has gained a lot of attention in the global motion control components market. Implementation by early adopters experiences a broader market penetration as end users or Original Equipment Manufacturer (OEMs) better understand the technology fit in particular business models. The highly integrated digital facility at industries not only helps to reconfigure the equipment but also overall process.
The Quintessential Factors of “Simulation”
Simulation process starts in the design phase utilizing techniques like finite-element modelling to understand performance metrics. A digitalized model involves masses that will be transitory and rotatory that makes it possible to much more effectively size motors and gear boxes to optimize performance and minimize footprints and cost. Simulation enables Original Equipment Manufacturers (OEMs) to test out specific functions of their machine design and perform effective job by offering delivering application specific features to the end-user. Software tools enable OEMS to explore a controller’s behavior as a part of the larger system not only commanding motion but also by capturing data and presenting it to the operator on Human Machine Interface (HMI)
Edge Computing: Grabs Bigger Slice of Motion Control Components Market
Edge computing is a technology best applied to the applications that are time sensitive, involvement of large amount of data. Such application is utilized by Schneider Electric’s Secure Power division. The organization implement machine vision that monitor the performance of motion axes, checking fill label position, and Core Cutters. By implementing edge computing technology the company was able to run the manufacturing process at speed for optimizing high output.
Streamlined Machine Development
Programming and validation is a time consuming and complex process particularly when it involves coordinated motion control. The lessening aim of the motion suppliers is to develop application to do the work for the Original Equipment Manufacturer (OEMs) and integrators by their burden. This acts as a solution particularly for machine builders who lack deep motion control expertise. To address this issue, supplier’s prime focus is to develop software that controls the motion of the equipment carrying load functions. The trend of simplifying software makes machine controllers and configurable instead of programming.
Post COVID-19 Growth Opportunities for Motion Control Components Market
It is anticipated that post Corona virus the global motion control components market will experience a downfall in 2020 with a year on growth rate of nearly 1.38% from 4.98% in 2019. These estimates are provided as per the challenges in the specialty industries that involve paper & pulp mills, corrugated industries, manufacturing industries, and Core Cutters that are biggest consumers of motion control components market globally. Moreover, stringent lockdowns have dropped the production rate of these manufacturing industries to eliminate the transmission of novel corona virus among the workers group. However, COVID-19 crisis has uplifted expansion of e-commerce towards types of products, new firms, and customer. This has offered customers to gain access to a significant variety of products at convenience and safety of being at that has enabled the firms to continue their operation through online sales channels. Some of these changes in e-commerce sector are likely to be a long term vision by the companies that will have a positive influence on the motion control components market to grow.
Segmental Analysis
Motion Control Components Market is segmented by Product and Application, and End-User. By product, the market is classified into Hydraulic Products and Electro-mechanical Products. By Application, the market is segmented as Calendar Rolls, Rewinders & Slitters, Tension Controllers, Tension Controllers, Reel Systems, HeadBox, and Core Cutters. By End-User, the market is segregated as Corrugated Manufacturing Industries, Paper & Corrugated Converting and Packaging Industries, and Pulp & Paper Mills.
By Product, Electro-mechanical motion control components have recorded significant sales revenue in the global motion control components market.
As electro-mechanical motion control component offers high defining parameters it is has gained significant attention by the end-user industries. These include compact size, high efficiency, and good performance over a wide range of speed control. Additionally, high energy density, silent operation, low electro-magnetic interference (EMI), and less maintenance are qualities associated with electro-mechanical motion control components that make a preferred choice for the manufacturers for utilization. When compared with numerous available motions control components in the market, electro-mechanical motion control components emerges as a highly efficient motor in low and medium power application.
By Application, Rewinders & Slitters foster major traction for the motion control components market worldwide in the forecast period. It is anticipated that this segment will account for one-third (1/3) of the overall motion control components market globally.
Based on End-User, it is estimated that pulp & paper mills for paper machines will record significant market share for the motion control components market. Around half of the market share will be accounted by pulp & paper mills for paper machine segment.
As per the statistic released by International Energy Agency (IEA), pulp & paper mills for paper industry grew by an average of 0.3% annually during 2000-2018. Moreover, pulp & paper mills for paper industry recorded output of 1.4% annually. By adoption of pulp & paper mills for paper industry, it has grabbed significant advantage such as it accelerates energy efficiency recycling, high usage of alternative fuels, and improved data collection. By adoption of pulp & paper mills for paper industry will help grow awareness about recycling, as recycling production requires less energy. By utilization bio energy and waste heat recovery technology will be at glance.
Regional Landscape
Based on regions, the market for Power Sports Batteries covers North America, Asia Pacific, the Middle East & Africa, Latin America, and Europe.
Based on regions, Asia Pacific will grab highest market share as compared to other regions for global motion control components market. This is attributed by presence of special industries such as specialty paper, tissue paper industries, container board, and Core Cutters. This is the for the rapid growth motion control components market in APAC country. The tissue market in APAC country has gained significant attention over decades owing to low per capita spending on tissue product is nearly US$ 2.40 per year. Moreover, growing awareness regarding health and hygiene among the population base, cost-effectiveness, and low tissue paper substitute products availability in the market drives the Asia Pacific regional market.
Competitive Landscape
Key companies profiled in this report involve Honeywell International, Siemens AG, ABB Group, Bosch Rexroth USA, Moog Inc., Neles Corporation, KSB SE & Co. KGaA, WEG Industries, SMC Corporation, Emerson Electric Co., Power Jacks Limited., ATOS S.p.A., Tolomatic, Inc., Tasowheel Group Oy, and HAWE Hydraulik SE, among Core Cutters.
Market Segmentation
Market By Product
Hydraulic Products
Electro-mechanical Products
Market By Application
Calendar Rolls
Rewinders & Slitter
Tension Controllers
Core Cutters
Market By End-User
Corrugated Manufacturing Industries
Paper & Corrugated Converting
Packaging Industries
Pulp & Paper Mills
Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
The market for Motion Control Components is expected to reach a market value of around US$ 17.29 Bn by 2027.
The Motion Control Components Market is expected to grow at a CAGR of around 5.2.% from 2020 to 2027.
Based on end-user industry, pulp & paper mills for paper machines is the leading segment in the overall market.
Comprehensive repair services for hydraulic components in paper industry, Infrared temperature sensor become common place in corrugated cardboards fuel the overall Motion Control Components market.
Honeywell International, Siemens AG, ABB Group, Bosch Rexroth USA, Moog Inc., Neles Corporation, KSB SE & Co. KGaA, WEG Industries, SMC Corporation, Emerson Electric Co., Power Jacks Limited., ATOS S.p.A., Tolomatic, Inc., Tasowheel Group Oy, and HAWE Hydraulik SE and among others.
Asia Pacific is anticipated to grab the highest market share in the regional market
Europe is expected to be the fastest growing market in the forthcoming years
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