Press release
Industrial Smart Motors Market In-depth Analysis Research Report 2019 to 2025 | key players- CG, Dunkermotoren GmbH, HSD SpA, Nidec Corporation, Reliance Precision Limited, Rockwell Automation, Schneider Electric, Somfy Systems
In addition, integration of sensors or other electronic components as well as use of algorithms for anticipating the motor faults and maintenance have improved the motor efficiency in recent years. Thus, reducing the downtime during an unexpected motor failure, maintenance, or services activities is also expected to fuel the demand for smart industrial motors in the coming years.
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Currently, the global industrial smart motors market is dominated by some key players namely, CG, Dunkermotoren GmbH, HSD SpA, Nidec Corporation, Reliance Precision Limited, Rockwell Automation, Schneider Electric, Somfy Systems Inc., TECHNOSOFT SA, and USAutomation among others.
Based on offering, the market is bifurcated into products and services. Further, based on end-user, the market is classified into pumps, fans, compressors, and others. The smart motors are used across different industrial processes and tasks, such as machineries, tools, processing equipment, product packaging, conveyor systems, materials handling, and other industrial applications. Thus, based on market vertical, the market is segmented into power & energy, manufacturing, automotive, healthcare, and others. To gain a diverse insight based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key findings of theIndustrial Smart Motors Market:
In terms of market share, the pumps segment generated around one-fifth of the total revenue in 2017 and is expected to grow at a CAGR of 5.11% during the forecast period.
The automotive industry segment is anticipated to grow at a CAGR of 5.13% from 2018 to 2025 and reach $457.34 million by 2025.
Asia-Pacific is expected to witness high CAGR growth of 5.49% from 2018 to 2025.
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Table Of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Industrial Smart Motors Market by Offerings
Chapter 5: Industrial Smart Motors Market, By End User
Chapter 6: Industrial Smart Motors Market, By Industry Vertical
Chapter 7: Industrial Smart Motors Market, By Region
Chapter 8: Company Profiles
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