Market Leadership - Motion Control Market
The usage of motion control components has been increasing in industries such as automotive, semiconductor & electronics, metals & machinery manufacturing, food & beverage, logistics, and robotics. The motion control technology helps in reorganizing the workflows in the industries which helps in the latter achieve optimum efficiency and enhances the process quality. Due to these benefits, capital investment in the production of motion control equipment is expected to grow during the forecast period.
The key players in this market are Siemens AG (Germany), Schneider Electric SE (France), Parker Hannifin Corporation (U.S.), ABB Ltd. (Switzerland), Yaskawa Electric Corporation (Japan), Moog Inc. (U.S.), Altra Industrial motion Corporation (U.S.), Bosh Rexroth (Germany, and Dover Motion (U.S.).
Siemens AG (Germany) is the top player in the motion control market. It invests aggressively in R&D; for instance, the company spent approximately 5.65%, 5.64%, and 5.48% on R&D in 2014, 2013, and 2012, respectively. Siemens AG is one of the leading suppliers of innovative and environment-friendly products and solutions for various companies, particularly those in process and manufacturing industries. The company is known for its end-to-end automation solutions, drive technologies, industrial IT and industry software, in-depth industry expertise, and technology-based services to help its customers use resources and energy more efficiently, improve productivity, and increase flexibility in terms of operations. The company provides machine tools and technological expertise for the development of the motion control concept along with its implementation. It also provides important motion control components, innovative systems, integrated solutions, and an extensive global service network through its industry segment. In 2014, the company launched the SINAMICS V90 servo drive and SIMOTICS S-1FL6 servo motor with an optimized servo drive system for motion control applications.
Parker Hannifin is also one of the leading manufacturers of motion control systems and provides enhanced precision-engineered solutions for a wide variety of mobile, industrial, and aerospace markets. The company focuses on researching the feasibility of new products and services through its development laboratories and testing facilities located in many of its worldwide manufacturing locations. . Its research and product development staff includes chemists and physicists along with mechanical, chemical, and electrical engineers.
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