Please Wait.....
Report
Smart Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 142 Pages I IMARC Group
The global smart motors market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.86% during 2022-2028.
A smart motor is a programmable electronic device with adjustable speed and torque. The motor alters the frequency and supply of voltage to replace the thermal overload relay with multiple set points. It consists of an encoder, amplifier, current monitor, dual ethernet port and universal serial bus (USB) interface. The microcontroller detects the load on the shaft and correspondingly adjusts the power extraction to the load. In comparison to the traditionally used motors, smart motors are more energy-efficient, have minimal heat loss and downtime and provide enhanced control over internal cooling. They also minimize the requirement for ancillary components for linear or rotary motion in the connected shafts. As a result, smart motors find extensive applications across various industries, including manufacturing, healthcare, automotive, energy and power.
Smart Motors Market Trends:
The increasing requirement for industrial automation, robotics and efficient material handling solutions is one of the key factors driving the growth of the market. Smart motors are widely used for performing complex operations, predictive maintenance and advanced process control in pumps, compressors, conveyor systems and controllers. Moreover, the widespread adoption of smart motors in hybrid and electronic vehicles (H/EV) is providing a thrust to the market growth. Various technological advancements, such as the integration of connected devices with the Industrial Internet of Things (IIoT) and artificial intelligence solutions, are acting as other growth-inducing factors. These technologies aid in monitoring the motors through smartphones, thereby improving the overall efficiency, predicting operational failures and minimizing premature breakdowns. Other factors, including rapid industrialization, especially in the developing economies, along with the increasing utilization of smart motors for non-destructive testing and pipeline inspection in oil and gas extraction sites, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart motors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, product and application.
Breakup by Component:
Variable Speed Drive
Intelligent Motor Control Center
Motor
Breakup by Product:
24V
18V
36V
48.24V
Breakup by Application:
Automotive
Aerospace and Defense
Oil and Gas
Metal and Mining
Water and Wastewater Treatment
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Dunkermotoren GmbH (AMETEK Inc.), Fuji Electric Co. Ltd. (Furukawa Co. Ltd.), General Electric Company, Moog Inc., Nidec Corporation, RobotShop Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Technosoft SA.
Key Questions Answered in This Report:
How has the global smart motors market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart motors market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart motors market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Motors Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Variable Speed Drive
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Intelligent Motor Control Center
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Motor
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Product
7.1 24V
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 18V
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 36V
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 48.24V
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Oil and Gas
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Metal and Mining
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Water and Wastewater Treatment
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Dunkermotoren GmbH (AMETEK Inc.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Fuji Electric Co. Ltd. (Furukawa Co. Ltd.)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 General Electric Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Moog Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Nidec Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 RobotShop Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Rockwell Automation Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Schneider Electric SE
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Siemens AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Technosoft SA
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
Figure 1: Global: Smart Motors Market: Major Drivers and Challenges
Figure 2: Global: Smart Motors Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Smart Motors Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Smart Motors Market: Breakup by Component (in %), 2022
Figure 5: Global: Smart Motors Market: Breakup by Product (in %), 2022
Figure 6: Global: Smart Motors Market: Breakup by Application (in %), 2022
Figure 7: Global: Smart Motors Market: Breakup by Region (in %), 2022
Figure 8: Global: Smart Motors (Variable Speed Drive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Smart Motors (Variable Speed Drive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Smart Motors (Intelligent Motor Control Center) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Smart Motors (Intelligent Motor Control Center) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Smart Motors (Motor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Smart Motors (Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Smart Motors (24V) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Smart Motors (24V) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Smart Motors (18V) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Smart Motors (18V) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Smart Motors (36V) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Smart Motors (36V) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Smart Motors (48.24V) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Smart Motors (48.24V) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Smart Motors (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Smart Motors (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Smart Motors (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Smart Motors (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Smart Motors (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Smart Motors (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Smart Motors (Metal and Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Smart Motors (Metal and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Smart Motors (Water and Wastewater Treatment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Smart Motors (Water and Wastewater Treatment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Smart Motors (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Smart Motors (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: North America: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: United States: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: United States: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Canada: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Canada: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia-Pacific: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: China: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: China: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Japan: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Japan: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: India: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: India: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: South Korea: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: South Korea: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Australia: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Australia: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Indonesia: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Indonesia: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Others: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Others: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Europe: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Germany: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Germany: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: France: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: France: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United Kingdom: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United Kingdom: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Italy: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Italy: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Spain: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Spain: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Russia: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Russia: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Latin America: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Brazil: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Brazil: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Mexico: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Mexico: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: Smart Motors Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: Smart Motors Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: Smart Motors Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: Smart Motors Industry: SWOT Analysis
Figure 84: Global: Smart Motors Industry: Value Chain Analysis
Figure 85: Global: Smart Motors Industry: Porter's Five Forces Analysis
Table 1: Global: Smart Motors Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Smart Motors Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Smart Motors Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 4: Global: Smart Motors Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Smart Motors Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Smart Motors Market: Competitive Structure
Table 7: Global: Smart Motors Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security