Asia-Pacific Motion Control
Asia Pacific Motion Control Market Size By Competitive Landscape, By Geographic Scope and Forecast
According to Verified Market Research, the Asia Pacific Motion Control Market was valued at USD 7.20 Billion in 2018 and is projected to reach USD 11.75 Billion by 2026, growing at a CAGR of 6.4% from 2019 to 2026.
Motion control, a technology, is a sub-field of automation, which is used to provide advanced machine functionality. It is a bit of a specialty in the automated control systems, which helps in moving the machine tooling or the part itself in a controlled, and often precision, rotary or linear manner. A few of the main components of a motion control system are, the motion controller, an energy amplifier, and one or more prime movers or actuators. The growing labor employment in the Asia-Pacific region, the most observed in the construction sector, definitely calls for the adoption of more safety measures to prevent fatal accidents in the major industrial sectors.
Safety in motion control is extremely important, when it is addressed correctly it does not have to affect productivity levels and the enhanced level of safety enabled productivity is seen to drive the growth of the Asia Pacific market. Safety in motion control processes is increasingly necessary with the increasingly stringent rules and regulations in this region. Also, streamlined machine development is expected to boost the growth of the market.
With the Asia Pacific having high rates of labor, the increasing concern regarding jobs in the automation field is leading to restraint in the growth of the overall motion control market. There are observed to be increasing predictions of mass unemployment against the mounting labor shortage and this is said to come as a result of the increasing concern regarding job loss. Therefore, the lack of a skilled workforce in the automation field can act as a potential restraint for market growth.
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