You are correct that to call for means "to require" here. The sentence is using the passive voice, which is why you see "is called for" - remember that the passive uses to be and then the past participle of the verb, which is "called for" here.
Because this is the passive, remember that the subject may not even be stated in the sentence. It is not the machine doing the calling for! We don't know what is doing the requiring; it might not even matter.
Remember that when we make a passive sentence, we put the object first, then to be, then the past participle. So the object is "speed or torque control", the be-verb is "is", and the past participle is "called for". There's no object after the preposition, because the object is already speed or torque control.
Yes, it might look strange because of the preposition with nothing following it, but it's very common with phrasal verbs in the passive voice. Some examples:
The box was opened up.
The rotten orange was thrown out.
The animals will be seen to.