Global Smart Motors Market Size study & Forecast, by Component (Variable Speed Drive, Intelligent Motor Control Center, Motor) by Application (Industrial, Commercial, Automotive, Aerospace and Defense, Oil and Gas, Metal and Mining, Water and Wastewater,

Global Smart Motors Market Size study & Forecast, by Component (Variable Speed Drive, Intelligent Motor Control Center, Motor) by Application (Industrial, Commercial, Automotive, Aerospace and Defense, Oil and Gas, Metal and Mining, Water and Wastewater, Other Applications), and Regional Analysis, 2023-2030


Global Smart Motors Market is valued approximately at USD 2757.1 million in 2022 and is anticipated to grow with a growth rate of more than 6.20% over the forecast period 2023-2030. The smart motors market refers to the industry focused on the production and deployment of electric motors equipped with advanced features such as connectivity, integrated sensors, and control systems, enabling enhanced monitoring, efficiency, and automation in various applications. These motors utilize intelligent technologies to optimize performance, improve energy efficiency, provide remote control capabilities, and enable integration with smart systems for applications across industries including manufacturing, automotive, robotics, and HVAC. The Smart Motors Market is being driven by factors such as technological advancements in smart motor technology and rising integration of IoT in industrial automation.

Continuous advancements in motor control technologies, sensor integration, connectivity solutions, and data analytics are driving the development of smart motors. These advancements enhance motor performance, enable predictive maintenance, and facilitate intelligent decision-making for efficient operations. For instance, in May 2022, TMEIC Asia Pte. Limited has introduced the Smart Motor Sensor TMASMS, an AI-powered predictive maintenance platform for electric motors. This innovative solution enables early detection of motor failures by continuously monitoring and analyzing key diagnostic parameters. By leveraging AI technology, the platform provides round-the-clock monitoring and analysis, contributing to the stable operation of plants and factories. The TMASMS solution helps predict potential causes of motor failure, facilitating timely maintenance actions and preventing costly downtime. Along with this in May 2022, Analog Devices and Nissei collaborate to introduce ADI OtoSense Smart Motor Sensors, enhancing motor defect monitoring and improving maintenance efficiency for soft-serve ice cream manufacturing equipment. Thus increasing advancement in smart motor technology and increasing industrial automation and IoT integration fueling the growth of the market. In addition to growing focus on predictive maintenance and increasing Demand for automation and robotics create lucrative opportunities for the market. However, the high initial costs of smart motor and cybersecurity concerns hinders market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Smart Motors Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the region has witnessed significant industrial growth and manufacturing activities, leading to a high demand for smart motors in various sectors such as automotive, electronics, and machinery. The need for automation, energy efficiency, and improved operational control has fueled the adoption of smart motors in these industries. Asia Pacific is considered as the fastest growing region during the forecasted period due to industries in Asia Pacific increasingly embrace automation to improve productivity and operational efficiency, the demand for smart motors as a key component of automated systems continues to rise.

Major market player included in this report are:
ABB Ltd
Siemens AG
Schaeffler AG
Sick AG
Schneider Electric SE
Weg SA
Augury Inc.
Moog Inc.
Dunkermotoren GmbH
Technosoft SA

Recent Developments in the Market:
 In November 2021, WEG, a leading manufacturer of electrical equipment, has expanded its product portfolio by introducing the CFW900 variable speed drive (VSD). The CFW900 is a state-of-the-art VSD designed to drive and control three-phase induction and permanent magnet motors. This advanced drive offers outstanding static and dynamic performance, ensuring precise control of torque, speed, and position. It is capable of handling high overload capacity, making it suitable for a wide range of applications. The addition of the CFW900 VSD enhances WEG's offerings in the market, providing customers with a reliable and high-performance solution for motor control and automation needs.
 In October 2021, ABB introduced the FusionAir Smart Sensor, a touch-free room sensor with optional room control sensors capable of monitoring temperature, humidity, carbon dioxide (CO2), and volatile organic compounds (VOCs) to improve overall IAQ and lower the risk of virus exposure. The FusionAir Smart Sensor sends data to the connected controller, causing it to react and make intelligent adjustments to lighting, shading, and HVAC, ensuring that lights are not left on in empty meeting rooms. That costly HVAC is switched off when not needed.

Global Smart Motors Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Component, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Component:
Variable Speed Drive
Intelligent Motor Control Center
Motor

By Application:
Industrial
Commercial
Automotive
Aerospace and Defense
Oil and Gas
Metal and Mining
Water and Wastewater
Other Applications

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
ABB Ltd
Siemens AG
Schaeffler AG
Sick AG
Schneider Electric SE
Weg SA
Augury Inc.
Moog Inc.
Dunkermotoren GmbH
Technosoft SA

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Smart Motors Market, by region, 2020-2030 (USD Million)
1.2.2. Smart Motors Market, by Component, 2020-2030 (USD Million)
1.2.3. Smart Motors Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Motors Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Motors Market Dynamics
3.1. Smart Motors Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Technological advancements in smart motor technology
3.1.1.2. Rising integration of IoT in industrial automation .
3.1.2. Market Challenges
3.1.2.1. High initial costs of smart motor
3.1.2.2. Cybersecurity concerns
3.1.3. Market Opportunities
3.1.3.1. Increasing demand for automation and robotics
3.1.3.2. Growing focus on predictive maintenance
Chapter 4. Global Smart Motors Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Motors Market, by Component
5.1. Market Snapshot
5.2. Global Smart Motors Market by Component, Performance - Potential Analysis
5.3. Global Smart Motors Market Estimates & Forecasts by Component 2020-2030 (USD Million)
5.4. Smart Motors Market, Sub Segment Analysis
5.4.1. Variable Speed Drive
5.4.2. Intelligent Motor Control Center
5.4.3. Motor
Chapter 6. Global Smart Motors Market, by Application
6.1. Market Snapshot
6.2. Global Smart Motors Market by Application, Performance - Potential Analysis
6.3. Global Smart Motors Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Smart Motors Market, Sub Segment Analysis
6.4.1. Industrial
6.4.2. Commercial
6.4.3. Automotive
6.4.4. Aerospace and Defense
6.4.5. Oil and Gas
6.4.6. Metal and Mining
6.4.7. Water and Wastewater
6.4.8. Other Applications
Chapter 7. Global Smart Motors Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Smart Motors Market, Regional Market Snapshot
7.4. North America Smart Motors Market
7.4.1. U.S. Smart Motors Market
7.4.1.1. Component breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Smart Motors Market
7.5. Europe Smart Motors Market Snapshot
7.5.1. U.K. Smart Motors Market
7.5.2. Germany Smart Motors Market
7.5.3. France Smart Motors Market
7.5.4. Spain Smart Motors Market
7.5.5. Italy Smart Motors Market
7.5.6. Rest of Europe Smart Motors Market
7.6. Asia-Pacific Smart Motors Market Snapshot
7.6.1. China Smart Motors Market
7.6.2. India Smart Motors Market
7.6.3. Japan Smart Motors Market
7.6.4. Australia Smart Motors Market
7.6.5. South Korea Smart Motors Market
7.6.6. Rest of Asia Pacific Smart Motors Market
7.7. Latin America Smart Motors Market Snapshot
7.7.1. Brazil Smart Motors Market
7.7.2. Mexico Smart Motors Market
7.8. Middle East & Africa Smart Motors Market
7.8.1. Saudi Arabia Smart Motors Market
7.8.2. South Africa Smart Motors Market
7.8.3. Rest of Middle East & Africa Smart Motors Market
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. ABB Ltd
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Siemens AG
8.3.3. Schaeffler AG
8.3.4. Sick AG
8.3.5. Schneider Electric SE
8.3.6. Weg SA
8.3.7. Augury Inc.
8.3.8. Moog Inc.
8.3.9. Dunkermotoren GmbH
8.3.10. Technosoft SA
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
List of Tables
TABLE 1. Global Smart Motors Market, report scope
TABLE 2. Global Smart Motors Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Smart Motors Market estimates & forecasts by Component 2020-2030 (USD Million)
TABLE 4. Global Smart Motors Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 5. Global Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 6. Global Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. U.S. Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 17. U.S. Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. Canada Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 19. Canada Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. UK Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 22. UK Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. Germany Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 25. Germany Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. France Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 28. France Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. Italy Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 31. Italy Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Spain Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 34. Spain Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. RoE Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 37. RoE Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. China Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 40. China Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. India Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 43. India Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. Japan Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 46. Japan Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. South Korea Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 49. South Korea Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. Australia Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 52. Australia Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. RoAPAC Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 55. RoAPAC Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. Brazil Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 58. Brazil Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Mexico Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 61. Mexico Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. RoLA Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 64. RoLA Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. Saudi Arabia Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 67. South Africa Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. RoMEA Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Smart Motors Market
TABLE 70. List of primary sources, used in the study of global Smart Motors Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of figures
FIGURE 1. Global Smart Motors Market, research methodology
FIGURE 2. Global Smart Motors Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Smart Motors Market, key trends 2022
FIGURE 5. Global Smart Motors Market, growth prospects 2023-2030
FIGURE 6. Global Smart Motors Market, porters 5 force model
FIGURE 7. Global Smart Motors Market, pest analysis
FIGURE 8. Global Smart Motors Market, value chain analysis
FIGURE 9. Global Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIGURE 10. Global Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIGURE 11. Global Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIGURE 12. Global Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIGURE 13. Global Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIGURE 14. Global Smart Motors Market, regional snapshot 2020 & 2030
FIGURE 15. North America Smart Motors Market 2020 & 2030 (USD Million)
FIGURE 16. Europe Smart Motors Market 2020 & 2030 (USD Million)
FIGURE 17. Asia pacific Smart Motors Market 2020 & 2030 (USD Million)
FIGURE 18. Latin America Smart Motors Market 2020 & 2030 (USD Million)
FIGURE 19. Middle East & Africa Smart Motors Market 2020 & 2030 (USD Million)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings