Dublin, May 04, 2022 (GLOBE NEWSWIRE) -- The "Smart Motors Market Share, Size, Trends, Industry Analysis Report, By Component (Variable Speed Drive, Intelligent Motor Control Center, Motor); By Product; By Application; By Regions; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global smart motors market size is expected to reach USD 2.3 Billion by 2028 according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Smart motors can reduce energy consumption by around 40-60% as compared to conventional machines. Thus, increasing demand for energy-efficient solutions in various verticals is a key driving factor. Integration of intelligent motor controllers in a robotic process helps to conserve energy.
In addition, the increasing adoption of advanced technologies such as the Internet of Things (IoT) and cloud computing in the industrial manufacturing industry by the players to meet the changing demand with more flexibility and efficiency is further promoting the growth of intelligent motors.
Increasing disposable incomes and improved standard of living have resulted in a surge in home appliances and consumer electronics sales. Almost every consumer electronic product from electric fans and refrigerator relies on an intelligent electric motor.
Rising demand for these machines in consumer electronics and home appliances can be ascribed to various factors such as rising interest in fuel-efficient and eco-friendly and enhanced living standards in several densely-populated countries across the globe, thereby promulgating the demand for intelligent machines.
Asia Pacific market held a significant share in 2020, dominated by China. This is primarily due to huge customers and hugely untapped potential, coupled with the rising production of electric vehicles and smart manufacturing units. This, in turn, has resulted in increased usage of intelligent machines in pumps, compressors, and related industrial equipment to optimize energy performance.
Market participants include Rockwell Automation, Inc., Siemens AG, Moog Animatics, General Electric Co., Robotshop, Inc., ABB Ltd., Roboteq, Inc., Technosoft, FUJI Electric Co. Ltd., and Schneider Electric SE are some of the key players involved in the global market.
Key Topics Covered:
2. Executive Summary
3. Research Methodology
4. Smart Motors Market Insights
4.1. Smart Motors - Industry snapshot
4.2. Smart Motors Market Dynamics
4.2.1. Drivers and Opportunities
188.8.131.52. Innovations in the sector
4.2.2. Restraints and Challenges
184.108.40.206. Comparative high cost
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Smart Motors Market Industry trends
4.6. COVID-19 Impact Analysis
5. Global Smart Motors Market, by Component
5.1. Key Findings
5.2.1. Global Smart Motors Market, by Component, 2016 - 2028 (USD Billion)
5.3. Variable Speed Drive
5.3.1. Global Smart Motors Market, by Variable Speed Drive, By Region, 2016 - 2028 (USD Billion)
5.4. Intelligent Motor Control Center
5.4.1. Global Smart Motors Market, by Intelligent Motor Control Center, by Region, 2016 - 2028 (USD Billion)
5.5.1. Global Smart Motors Market, by Motor, by Region, 2016 - 2028 (USD Billion)
6. Smart Motors Market Assessment by Product
6.1. Key Findings
6.2.1. Global Smart Motors Market, by Product, 2016 - 2028 (USD Billion)
6.3.1. Global Smart Motors Market, by 24V, by Region, 2016 - 2028 (USD Billion)
6.4.1. Global Smart Motors Market, by 18V, by Region, 2016 - 2028 (USD Billion)
6.5.1. Global Smart Motors Market, by 36V, by Region, 2016 - 2028 (USD Billion)
6.6. 48V and others
6.6.1. Global Smart Motors Market, by 48V and others, by Region, 2016 - 2028 (USD Billion)
7. Smart Motors Market Assessment by Application
7.1. Key Findings
7.2.1. Global Smart Motors Market, by Application, 2016 - 2028 (USD Billion)
7.3.1. Global Smart Motors Market, by Industrial, by Region, 2016 - 2028 (USD Billion)
7.4.1. Global Smart Motors Market, by Commercial, by Region, 2016 - 2028 (USD Billion)
7.5.1. Global Smart Motors Market, by Automotive, by Region, 2016 - 2028 (USD Billion)
7.6. Consumer Electronics
7.6.1. Global Smart Motors Market, by Consumer Electronics, by Region, 2016 - 2028 (USD Billion)
7.7. Aerospace & Defense
7.7.1. Global Smart Motors Market, by Aerospace & Defense, by Region, 2016 - 2028 (USD Billion)
8. Smart Motors Market Assessment by Geography
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
10. Company Profiles
10.1. Rockwell Automation, Inc.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Moog Animatics
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Siemens AG
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Robotshop, Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. General Electric Co.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Roboteq, Inc.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. FUJI Electric Co. Ltd.
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Schneider Electric
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. ABB Group
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/akvfg7
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