The global industrial smart motors market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing requirement of adjustable speed in applications such as material handling, pumping systems, and fan systems is the major factor expected to boost growth of the global industrial smart motors market.

Industrial smart motor is also called as digital motor which has additional features such as a built-in microprocessor, quadrature encoder, and current monitor. The global industrial smart motors market report has been segmented on the basis of offering, end user, market vertical, and region.

On the basis of offering, the global industrial smart motors are segmented into products and services. The products segment is expected to contribute significant share in terms of revenue in the global market. The services segment is estimated to register lucrative CAGR.

On the basis of end user, the global industrial smart motors are segmented into pumps, fans, compressors, and.

On the basis of market vertical, the global industrial smart motors are segmented into power and energy, manufacturing, automotive, healthcare, and others (industrial, commercial, consumer electronics, aerospace & defense).

On the basis of region, the global industrial smart motors are segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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North America market is expected to dominate in the global industrial smart motors market, and is projected to maintain its dominance over the forecast period. This can be attributed to increasing investment towards aerospace and industrial robotics related projects in countries in the region. Europe market is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. The global industrial smart motors markets in Asia Pacific, Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global industrial smart motors include CG Global LLC, Dunkermotoren GmbH, HSD SpA, Nidec Corporation, Reliance Precision Limited, Rockwell Automation, Inc., Schneider Electric, SE, Somfy Systems, Inc., TECHNOSOFT SA, USAutomation Inc., Moog, Inc., Fuji Electric Co. Ltd., and General Electric Company.

 

 

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