Global Industrial Smart Motors Market Size study & Forecast, by Offering, by End User, by Market Vertical and Regional Analysis, 2023-2030

Description

List of Tables

Global Industrial Smart Motors Market is valued at approximately USD 1562.29 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.28% over the forecast period 2023-2030. Industrial Smart Motors are advanced electromechanical devices with integrated sensors, communication abilities, and intelligent controls. The motors monitor parameters such as temperature, vibration, and energy usage, providing real-time data for diagnostics and optimization. The motors also communicate with other devices, seamlessly integrating into industrial automation networks. The industrial smart motors market is driven by factors such as the growing demand for motors with enhanced process control and the emphasis on minimizing downtime. Additionally, the integration of Industrial Internet of Things services has enabled predictive maintenance, improved machine control, increased motor efficiency, and reduced downtime during maintenance, which is expected to further boost the demand for industrial smart motors in the future.

Moreover, the rising adoption of IoT in industrial settings is revolutionizing the way smart motors are utilized, monitored, and maintained. The integration of IoT technologies enables improved efficiency, reduced downtime, energy savings, enhanced safety, and better decision-making capabilities, thereby driving the growth of the Industrial Smart Motors Market. According to the aeXiv.org in 2020, the rapid growth of the Internet of Things (IoT) is expected to result in a significant economic impact, ranging from USD 3.9 trillion to USD 11.1 trillion annually by 2025, as an estimated 28.5 billion network-connected devices become active by 2022. While initially focused on consumer applications, the disruptive nature of IoT has facilitated its adoption in various industrial sectors, leading to the emergence of Industrial Internet of Things (IIoT) technology. Additionally, continuous technological advancements and rising demand for industrial motors provide numerous profitable opportunities for the market players. However, the high cost of continuous predictive maintenance stifling market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Industrial Smart Motors Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the high demand from manufacturing industries in these regions. Also, another factor is need to increase manufacturing plant productivity through the use of improved smart motors and the use of smart manufacturing techniques. North America is expected to grow at fastest growth rate during the forecast period, owing to the integration of smart motors to enhance efficiency and reduce energy costs is driving the demand for smart motors across various market sectors. Furthermore, investments in aerospace and industrial robotics projects in developed regions are expected to boost the demand for smart motors in the coming years.

Major market player included in this report are:

Somfy Systems, Inc
Nidec Corporation
USAutomation LLC
Schneider Electric SE
Dunkermotoren GmbH
Rockwell Automation, Inc.
Technosoft SA
Reliance Precision Limited
HSD SpA
CG Power & Industrial Solutions Ltd.

Recent Developments in the Market:

In October 2021, ABB launched the Fusion Air Smart Sensor, a touch-free room sensor with optional control sensors. This sensor monitors temperature, humidity, CO2, and VOCs to enhance indoor air quality and reduce the risk of virus exposure. By sending data to the connected controller, it enables intelligent adjustments to lighting, shading, and HVAC systems, preventing energy waste in unoccupied meeting rooms and optimizing HVAC usage.

Global Industrial Smart Motors Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Offering, End User, Market vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:

Products
Services

By End User:

Pumps
Fans
Compressors
Others

By Market Vertical:

Power & Energy
Manufacturing
Automotive
Healthcare
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Industrial Smart Motors Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Industrial Smart Motors Market, by Offering, 2020-2030 (USD Million)
- 1.2.3. Industrial Smart Motors Market, by End User, 2020-2030 (USD Million)
- 1.2.4. Industrial Smart Motors Market, by Market Vertical, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Industrial Smart Motors Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Industrial Smart Motors Market Dynamics

3.1. Industrial Smart Motors Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Integration of IoT enabled services into motor to boost performance & maintenance
  - 3.1.1.2. Growing Demand for advanced process controls in industrial motors
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Industrial Smart Motors
  - 3.1.2.2. Highly Maintenance Charge
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in Technology
  - 3.1.3.2. Rising demand for industrial motors

Chapter 4. Global Industrial Smart Motors Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Smart Motors Market, by Offering

5.1. Market Snapshot
5.2. Global Industrial Smart Motors Market by Offering, Performance - Potential Analysis
5.3. Global Industrial Smart Motors Market Estimates & Forecasts by Offering 2020-2030 (USD Million)
5.4. Industrial Smart Motors Market, Sub Segment Analysis
- 5.4.1. Products
- 5.4.2. Services

Chapter 6. Global Industrial Smart Motors Market, by End User

6.1. Market Snapshot
6.2. Global Industrial Smart Motors Market by End User, Performance - Potential Analysis
6.3. Global Industrial Smart Motors Market Estimates & Forecasts by End User 2020-2030 (USD Million)
6.4. Industrial Smart Motors Market, Sub Segment Analysis
- 6.4.1. Pumps
- 6.4.2. Fans
- 6.4.3. Compressors
- 6.4.4. Others

Chapter 7. Global Industrial Smart Motors Market, by Market Vertical

7.1. Market Snapshot
7.2. Global Industrial Smart Motors Market by Market Vertical, Performance - Potential Analysis
7.3. Global Industrial Smart Motors Market Estimates & Forecasts by Market Vertical 2020-2030 (USD Million)
7.4. Industrial Smart Motors Market, Sub Segment Analysis
- 7.4.1. Power & Energy
- 7.4.2. Manufacturing
- 7.4.3. Automotive
- 7.4.4. Healthcare
- 7.4.5. Others

Chapter 8. Global Industrial Smart Motors Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Industrial Smart Motors Market, Regional Market Snapshot
8.4. North America Industrial Smart Motors Market
- 8.4.1. U.S. Industrial Smart Motors Market
  - 8.4.1.1. Offering breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. End User breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Market Vertical breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Industrial Smart Motors Market
8.5. Europe Industrial Smart Motors Market Snapshot
- 8.5.1. U.K. Industrial Smart Motors Market
- 8.5.2. Germany Industrial Smart Motors Market
- 8.5.3. France Industrial Smart Motors Market
- 8.5.4. Spain Industrial Smart Motors Market
- 8.5.5. Italy Industrial Smart Motors Market
- 8.5.6. Rest of Europe Industrial Smart Motors Market
8.6. Asia-Pacific Industrial Smart Motors Market Snapshot
- 8.6.1. China Industrial Smart Motors Market
- 8.6.2. India Industrial Smart Motors Market
- 8.6.3. Japan Industrial Smart Motors Market
- 8.6.4. Australia Industrial Smart Motors Market
- 8.6.5. South Korea Industrial Smart Motors Market
- 8.6.6. Rest of Asia Pacific Industrial Smart Motors Market
8.7. Latin America Industrial Smart Motors Market Snapshot
- 8.7.1. Brazil Industrial Smart Motors Market
- 8.7.2. Mexico Industrial Smart Motors Market
8.8. Middle East & Africa Industrial Smart Motors Market
- 8.8.1. Saudi Arabia Industrial Smart Motors Market
- 8.8.2. South Africa Industrial Smart Motors Market
- 8.8.3. Rest of Middle East & Africa Industrial Smart Motors Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Somfy Systems, Inc
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Nidec Corporation
- 9.3.3. USAutomation LLC
- 9.3.4. Schneider Electric SE
- 9.3.5. Dunkermotoren GmbH
- 9.3.6. Rockwell Automation, Inc.
- 9.3.7. Technosoft SA
- 9.3.8. Reliance Precision Limited
- 9.3.9. HSD SpA
- 9.3.10. CG Power & Industrial Solutions Ltd.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Industrial Smart Motors Market, report scope
TABLE 2. Global Industrial Smart Motors Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Industrial Smart Motors Market estimates & forecasts by Offering 2020-2030 (USD Million)
TABLE 4. Global Industrial Smart Motors Market estimates & forecasts by End User 2020-2030 (USD Million)
TABLE 5. Global Industrial Smart Motors Market estimates & forecasts by Market Vertical 2020-2030 (USD Million)
TABLE 6. Global Industrial Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Industrial Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Industrial Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Industrial Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Industrial Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Industrial Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Industrial Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Industrial Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Industrial Smart Motors Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Industrial Smart Motors Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. U.S. Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. Canada Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20. Canada Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. Canada Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. UK Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23. UK Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. UK Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. Germany Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26. Germany Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. Germany Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. France Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29. France Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. France Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. Italy Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32. Italy Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Italy Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Spain Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35. Spain Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Spain Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. RoE Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38. RoE Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. RoE Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. China Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41. China Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. China Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. India Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44. India Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. India Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. Japan Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47. Japan Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. Japan Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. South Korea Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50. South Korea Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. South Korea Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. Australia Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53. Australia Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. Australia Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. RoAPAC Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56. RoAPAC Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. RoAPAC Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. Brazil Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59. Brazil Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Brazil Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Mexico Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62. Mexico Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Mexico Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. RoLA Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65. RoLA Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. RoLA Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. Saudi Arabia Industrial Smart Motors Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68. South Africa Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. RoMEA Industrial Smart Motors Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Industrial Smart Motors Market
TABLE 71. List of primary sources, used in the study of global Industrial Smart Motors Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Industrial Smart Motors Market, research methodology
FIG 2. Global Industrial Smart Motors Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Industrial Smart Motors Market, key trends 2022
FIG 5. Global Industrial Smart Motors Market, growth prospects 2023-2030
FIG 6. Global Industrial Smart Motors Market, porters 5 force model
FIG 7. Global Industrial Smart Motors Market, pest analysis
FIG 8. Global Industrial Smart Motors Market, value chain analysis
FIG 9. Global Industrial Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Industrial Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Industrial Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Industrial Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Industrial Smart Motors Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Industrial Smart Motors Market, regional snapshot 2020 & 2030
FIG 15. North America Industrial Smart Motors Market 2020 & 2030 (USD Million)
FIG 16. Europe Industrial Smart Motors Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Industrial Smart Motors Market 2020 & 2030 (USD Million)
FIG 18. Latin America Industrial Smart Motors Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Industrial Smart Motors Market 2020 & 2030 (USD Million)