Smart Motors Market - Forecasts from 2025 to 2030

The smart motors market is expected to grow from USD 2.916 billion in 2025 to USD 3.656 billion in 2030, at a CAGR of 4.63%.

The Smart Motors Market Study provides a comprehensive analysis of the global smart motors market, offering industry experts critical insights into market trends, drivers, and competitive developments as of 2025. This summary, tailored for professionals in automotive, oil and gas, and industrial sectors, highlights the key factors propelling the adoption of smart motors, with a focus on their applications in India's oil and gas and automotive industries, excluding data and developments prior to 2023.

Smart motors, integrating motion control systems with controllers and encoders, are transforming industrial and commercial applications by enhancing energy efficiency, reliability, and predictive diagnostics. These advanced motors adjust speed and power based on demand, reducing downtime and operational costs compared to traditional electric motors. The Smart Motors Market Study identifies their growing adoption across industries like oil and gas, automotive, and manufacturing, driven by the need for precision control and energy savings. The market is projected to grow significantly due to rising industrialization, particularly in the Asia-Pacific region, with India leading due to its robust automotive production and supportive government policies.

In the oil and gas sector, smart motors are increasingly utilized in motion control systems to optimize processes, including centralized low-voltage control centers in refineries. This trend is fueled by India's focus on expanding oil and gas production to meet energy demands efficiently. The Smart Motors Market Study notes that this sector's demand for smart motors is driven by their ability to enhance operational efficiency and reduce energy consumption, aligning with global sustainability goals.

India's automotive industry, a key growth driver, benefits from rapid production increases and a shift toward sustainable mobility. The Smart Motors Market Study highlights India's leadership in the Asia-Pacific smart motors market, supported by initiatives like "Make in India," which promotes domestic manufacturing. Smart motors are critical in electric vehicles (EVs) and industrial machinery, offering precise control for applications like construction equipment and urban mobility solutions. For instance, in May 2023, MG Motor India launched the "Comet EV" in multiple variants, integrating smart motor technology to support efficient urban transportation.

The competitive landscape underscores innovation, as detailed in the Smart Motors Market Study. In June 2023, Safran Electrical & Power established automated production lines for ENGINeUS electric motors in France and Great Britain, targeting 1,000 motors annually by 2026 for the electric and hybrid aviation market. Additionally, in 2023, Mahindra's Construction Equipment Division launched the "Road-Master G75" smart motor grader, enhancing mechanization for rural road construction by improving grading and spreading efficiency.

In conclusion, the Smart Motors Market Study is an essential resource for industry experts navigating the smart motors market. With India driving growth through its oil and gas and automotive sectors, and innovations from companies like Safran and Mahindra, the study provides strategic insights for leveraging opportunities in this dynamic market, despite challenges like complex integration processes.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.

Segmentation:

By Component Type

• Intelligent Motor Control Centre
• Motor

By End-Users

• Consumer Electronics
• Automotive
• Industrial
• Residential

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others