article thumbnail

Ultra-low voltage motor, motor drive industry growth driven by mobile robotics, increased flexibility

Control Engineering

billion by 2027, driven by demand from battery-driven applications and increased flexibility in manufacturing and logistics processes. Mobile robots are expected to account for a significant portion of the market by 2027. By 2027, the ultra-low voltage motor market will be worth almost $6.5 between 2022 and 2027.

Robotics 124
article thumbnail

Ultra-low voltage motors market expected to have double-digit growth

Control Engineering

billion by 2027 with a compound annual growth rate (CAGR) of 12.6%. of shipments by 2027 Maxon, Ametek and Minebea Mitsumi are currently the top three players in the ultra-low voltage motors market. of shipments by 2027 Maxon, Ametek and Minebea Mitsumi are currently the top three players in the ultra-low voltage motors market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mobile robot shipments grow in 2022

Control Engineering

We forecast an installed base of over 4 million mobile robots by the end of 2027, 1.5 million of which will be installed in 2027 alone. Meanwhile, revenue growth will average 30-40% annually out to 2027. Logistics mobile robot revenues to exceed 1 million by 2027. billion by 2027 – up from just under $3 billion today.

article thumbnail

Motion control market showing steady growth in 2023

Control Engineering

Between 2022 and 2027 the global motion controls market will grow with a CAGR of 4.6%, increasing from $17.7 out to 2027. billion and reach $22 billion by 2027. Interest rates and high inflation will to continue to impact the demand for industrial automation and Japan is set to see the sharpest drop in growth.

article thumbnail

Low-voltage ac motor market grows 21.2% in 2022

Control Engineering

By 2027, almost 30% of market revenues in EMEA regions will come from IE4 motors, in part because all 75kW and 200kW motors must be IE4 compliant in 2023. The majority of motors produced in the region are IE3 compliant and APAC looks set to be the largest market for lower efficiency motors out to 2027.

article thumbnail

Global robot market growth projected to be steady

Control Engineering

in 2022 thanks to long-term demand for industrial robots to be fueled by the electric vehicle (EV) manufacturing sector. Average selling prices of industrial robots will decrease by around 3% annually over the next 5 years and growth is expected to be 5 to 7% through 2027. Robotics insights Industrial robot revenues grew by 14.9%

article thumbnail

Components in industrial robots market forecasting strong growth

Control Engineering

from 2022 to 2027. Courtesy: Interact Analysis Growth driven by surge in collaborative robots and SCARA robots Demand for collaborative robots in industrial applications increased rapidly during the past two years and the momentum is expected to continue during our forecast period out to 2027. from 2022 to 2027.