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Smart Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global smart motors market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2021-2026. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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

List of Figures

Figure 1: Global: Smart Motors Market: Major Drivers and Challenges
Figure 2: Global: Smart Motors Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Smart Motors Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Smart Motors Market: Breakup by Component (in %), 2020
Figure 5: Global: Smart Motors Market: Breakup by Product (in %), 2020
Figure 6: Global: Smart Motors Market: Breakup by Application (in %), 2020
Figure 7: Global: Smart Motors Market: Breakup by Region (in %), 2020
Figure 8: Global: Smart Motors (Variable Speed Drive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Smart Motors (Variable Speed Drive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Smart Motors (Intelligent Motor Control Center) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Smart Motors (Intelligent Motor Control Center) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Smart Motors (Motor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Smart Motors (Motor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Smart Motors (24V) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Smart Motors (24V) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Smart Motors (18V) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Smart Motors (18V) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Smart Motors (36V) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Smart Motors (36V) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Smart Motors (48.24V) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Smart Motors (48.24V) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Smart Motors (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Smart Motors (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Smart Motors (Aerospace and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Smart Motors (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Smart Motors (Oil and Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Smart Motors (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Smart Motors (Metal and Mining) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Smart Motors (Metal and Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Smart Motors (Water and Wastewater Treatment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Smart Motors (Water and Wastewater Treatment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Smart Motors (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Smart Motors (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: North America: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: North America: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: United States: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: United States: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Canada: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Canada: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Asia-Pacific: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Asia-Pacific: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: China: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: China: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Japan: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Japan: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: India: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: India: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: South Korea: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: South Korea: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Australia: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Australia: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Indonesia: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Indonesia: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Others: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Others: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Europe: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Europe: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Germany: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Germany: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: France: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: France: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: United Kingdom: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: United Kingdom: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Italy: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Italy: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Spain: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Spain: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Russia: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Russia: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Latin America: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Latin America: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Brazil: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Brazil: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Mexico: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Mexico: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Middle East and Africa: Smart Motors Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Middle East and Africa: Smart Motors Market: Breakup by Country (in %), 2020
Figure 82: Middle East and Africa: Smart Motors Market Forecast: Sales Value (in Million US$), 2021-2026
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

List of Tables

Table 1: Global: Smart Motors Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Smart Motors Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Smart Motors Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 4: Global: Smart Motors Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Smart Motors Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Smart Motors Market: Competitive Structure
Table 7: Global: Smart Motors Market: Key Players

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