Industry

Industrial Smart Motors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Offerings (Products, Services); Application (Pumps, Fans, Compressors, Others); Industry Vertical (Energy and Power, Manufacturing, Automotive, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Code : 

TIPRE00007790

No. of Pages : 150
Published Month : Apr 2024
Category : Electronics and Semiconductor

The Industrial Smart Motors Market is expected to register a CAGR of 6.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Offerings (Products, Services). The report further presents analysis based on the Application (Pumps, Fans, Compressors, Others). The report further presents analysis based on the Industry Vertical (Energy and Power, Manufacturing, Automotive, Others). The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Industrial Smart Motors Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Industrial Smart Motors Market Segmentation

Offerings

  • Products
  • Services

Application

  • Pumps
  • Fans
  • Compressors
  • Others

Industry Vertical

  • Energy and Power
  • Manufacturing
  • Automotive
  • Others

Geography

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Industrial Smart Motors Market Growth Drivers

  • Energy Efficiency: The rise in emphasis on energy efficiency through various industries drives the major factor behind the industrial smart motors market. Energy efficiency through smart motors means optimizing the consumption of energy, which is a factor both for cost reduction and for achieving global sustainability goals. Need for energy efficiency solutions is encouraging manufacturers.
  • IoT and Automation Integration: The rise in industrial automation and integration of IoT in manufacturing processes are some of the key factors driving the smart motors market. Smart motors with IoT capabilities allow real-time monitoring, predictive maintenance, and superior control, which leads to better operational efficiency and reduced downtime.

Industrial Smart Motors Market Future Trends

  • Emerging Markets: Growth in the emerging markets is another huge opportunity, especially in areas where industrialization is happening rapidly. Since these countries are investing in modernizing their manufacturing capabilities, the demand for high technologies such as smart motors are going to increase manifold.
  • Development of Advanced Features: Manufacturers will innovate developing smart motors with features which have high connectivity, stronger algorithms of control, and embedding artificial intelligence for predictive analytics capabilities. It can be competitive and serve the changing trends in various industries.

Industrial Smart Motors Market Opportunities

  • Emerging Customization Trend: An emerging trend for customization exists in the industrial smart motors market. Companies are seeking more individualized solutions that meet the specific operational needs and thus demand motors that are easily configured for differing applications.
  • Predictive Maintenance: Predictive maintenance is the new trend as smart motors can easily provide real-time data and analytics, allowing companies to predict failures before they occur, thereby reducing maintenance costs and improving overall equipment reliability.

Industrial Smart Motors Market Regional Insights

The regional trends and factors influencing the Industrial Smart Motors Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Industrial Smart Motors Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

  • Get the Regional Specific Data for Industrial Smart Motors Market

Industrial Smart Motors Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 6.5%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Offerings
  • Products
  • Services
By Application
  • Pumps
  • Fans
  • Compressors
  • Others
By Industry Vertical
  • Energy and Power
  • Manufacturing
  • Automotive
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • CG
  • Dunkermotoren GmbH
  • HSD SpA
  • Nidec Corporation
  • Reliance Precision Limited
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Somfy Systems, Inc
  • Technosoft SA

  • Industrial Smart Motors Market Players Density: Understanding Its Impact on Business Dynamics

    The Industrial Smart Motors Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Industrial Smart Motors Market are:

    1. CG
    2. Dunkermotoren GmbH
    3. HSD SpA
    4. Nidec Corporation
    5. Reliance Precision Limited

    Disclaimer: The companies listed above are not ranked in any particular order.



    • Get the Industrial Smart Motors Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Industrial Smart Motors Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Industrial Smart Motors Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

    The List of Companies

    1. CG
    2. Dunkermotoren GmbH
    3. HSD SpA
    4. Nidec Corporation
    5. Reliance Precision Limited
    6. Rockwell Automation, Inc.
    7. Schneider Electric
    8. Somfy Systems, Inc
    9. Technosoft SA
    10. USAutomation
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    Frequently Asked Questions

    What are the options available for the customization of this report?

    Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

    What are the deliverable formats of the Industrial Smart Motors Market report?

    The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

    What is the future trend of the Industrial Smart Motors Market?

    Emerging Customization Trend and Predictive Maintenance is the key future trend of the Industrial Smart Motors Market

    Which are the leading players operating in the Industrial Smart Motors Market

    The leading players operating in the Industrial Smart Motors Market include Rockwell Automation, Moog, Inc., Fuji Electric Co., Ltd., ABB Ltd., Siemens AG, Schneider Electric SE, General Electric, Nidec Corporation, Reliance Precision Limited, Somfy Systems, Inc.

    What is the expected CAGR of the Industrial Smart Motors Market?

    The Industrial Smart Motors Market is estimated to witness a CAGR of 6.5% from 2023 to 2031

    What are the driving factors impacting the global Industrial Smart Motors Market?

    The major factors driving the Industrial Smart Motors Market are: Energy Efficiency and IoT & Automation Integration