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Motion Control Market by Component, System, Industry | COVID-19 Impact Analysis | MarketsandMarkets

Motion Control Market categrizes the Global market by Component (Actuators & Mechanical systems, Motors, Motion Controllers, Drives, Sensor & Feedback Devices, Software & Services), System (Open Loop, Closed Loop), Industry, and Region. COVID-19 Impact on Motion Control Industry.

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Motion Control Market by Component, System, Industry | COVID-19 Impact Analysis | MarketsandMarkets

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  1. Key Revenue Pockets - Motion Control Market The global motion control market size is expected to grow from USD 14.9 billion in 2020 to USD 16.5 billion by 2025, at a CAGR of 2.5%. Growth in adoption of automation in manufacturing facilities to secure employee health & safety in the COVID-19 crisis, high adoption of advanced and automated processes in the manufacturing sector, safety-enabled productivity in industries due to stringent safety rules imposed by governments, increasing demand for industrial robots in manufacturing processes, ease of use and integration of IIoT with motion control systems are the key factors driving the growth of the motion control market. Motion control is a subset of automation used in industrial processes for the movement of objects in a specified and controlled manner. For this purpose, various devices are used, such as pneumatic, hydraulic, electromechanical, or electric motor. The components, such as motion controllers, drives, and actuators with feedback devices, are used to complete the process in an open or closed loop. The market for the closed-loop system segment is expected to grow at the highest CAGR during the forecast period. The adoption of closed-loop systems is high as the process is automated, and no human intervention is required. A closed-loop system can automatically adjust the systems’ inputs, improve the stability of a system, reduce system sensitivity, increase robustness, and create a reliable system without human intervention. Due to these factors, the adoption of a closed loop system is increasing. Based on industry, the market for the pharmaceutical & cosmetics industry is expected to grow at the highest CAGR during the forecast period. Maintaining safety, consistency, and efficiency in manufacturing processes is the basic requirement of the pharmaceutical industry to ensure that products are of the highest quality. Thus, pharmaceutical companies use motion control solutions to minimize downtime and cost of operations and gain process visibility. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98406125 The motion control market has been segmented into North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR from 2020 to 2025, owing to the rapid urbanization and industrialization in developing countries. Moreover, the increasing automation activities in the industries such as use of customized robots for different applications, high growth in machine tool production, and other sectors related to the production of smartphones and automobiles, which include electronics assembly and semiconductor machinery are some of the reasons for the growth of the motion control products market in APAC. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000

  2. companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441

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