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Energy

Smart Motors Market Size, Growth, Trends and Global Segments

The smart motors market was valued at USD 2518.2 billion in 2019 and is expected to reach USD 3255.6 million by 2025, registering a CAGR of 6.2 % over the forecast period (2020-2025). Smart motors allow predictive machine diagnosis, thus, resulting in reduced downtime through process optimization.​

– Organizations across the industries worldwide are primarity focusing on reducing its CAPEX through adopting energy effiecient solutions in the systems. The analog motors have been consuming huge amount of energy costing the companies to an extent. With the adoption of smart mortors vendors offering smart motors are claiming to reduce this energy comsumptiion atleast by 40% over the span of two years is driving the market growth.
– According to IEA analysis, the global investment in energy efficiency was estimated at USD 139 billion in 2018. Europe is responsible for the largest share of global investment (over 30% of the total). Furthermore, demand for HVAC systems in Europe is continuously increasing, due to expanding urbanization, growing demand for high-quality energy-efficient devices, and rising consumer awareness. Such investments by the organization are also fueling the smart motor market growth.
– However, due to fewer rate of implementation and high switching cost, companies are also considering variable frequency drive solutions to gain similar ultimately restricting growth of the smart motors market.

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Key Market Trends

Automotive Application is Expected to have a Significant Market Share

– The automotive sector has witnessed significant growth in the number of units produced per day, over the years. The machinery on the production floor requires proper technology to shorten production cycles and increase production output while improving efficiency. ​
– Smart motors provide a solution to the excessive electrical consumption of a motor. Smart motors are highly efficient motors that use only the required amount of energy to start the automotive, improving efficiency, reducing downtime, and lowering costs.​
– The automotive industry is among the significant sectors that hold a major share of the automated manufacturing facilities across the world. However, the sector experienced a “sharp downturn” in production and sales through 2018, and projections, according to the International Monetary Fund, indicate a similar decline through 2019. ​
– Production facilities of automakers are therefore increasingly needed to be automated for efficiency. However, new motor installations may be due to the growing trends of replacing conventional vehicles with EVs is expected to augment the demand from the industry even further. For instance, the projected electric vehicle sales in Europe by 2025 are expected to reach 6.33 million units, followed by China with 4.84 million units, according to UBS.​

Asia Pacific Region to Grow Significantly

– Asia-Pacific is one of the most significant markets for the market studied. The region offers massive growth potentials to the studied market vendors, owing to the growing adoption of automation across the various end-user industries in the region.
– The energy concern in the region is also increasing the adoption of low voltage electrical equipment and motivating many companies to develop energy-efficient and compact electrical equipment and devices, hence further driving the smart motor growth.​

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Smart Motors Market | Covid-19 Impact | Demand, Cost Structures, Latest trends, and Forecasts to 2027 | Key Players: ABB, Rockwell Automation, Moog Animatics

Industry Research Report On Global Smart Motors Market – Quantitative And Qualitative Analysis

The latest research report on Global Smart Motors Market was conducted across a variety of industries in various regions to provide a report that has data surpassing 100+ pages. The report offers a mixture of qualitative and quantifiable information focusing on aspects such as key market developments, industry and competitors’ challenges in gap analysis and new opportunities in the Smart Motors market. Various leaders along with players that are emerging, have been profiled in this report such as ABB, Rockwell Automation, Moog Animatics, General Electric, FUJI Electric, Siemens, Technosoft, Schneider Electric, Roboteq that are a major part of the industry.

The unique point that this report includes, is that it contains details about the import and export policies that can have an immediate impact on the global Smart Motors market. In addition, this study includes EX-IM * related chapters for all relevant companies dealing with the Smart Motors market and related profiles and provides valuable data in terms of finances, product portfolio, investment planning and marketing and business strategy. Related graphs and tables of key industry data is available through purchase of this report.

Click Here to identify the key development insights and the Competitive Landscape

(The sample of this report is readily available on request).
This Free report sample includes:
• A brief introduction to the research report.
• Graphical introduction of the regional analysis.
• Top players in the market with their revenue analysis.
• Selected illustrations of market insights and trends.
• Example pages from the report.

North America is expected to hold dominant position in the global Smart Motors market, owing to increasing collaboration activities by key players over the forecast period.

Market Segmentation: Global Smart Motors Market

– The market is based on type, application, and geographical segments.
– Based on type, the market is segmented into 18V, 24V, 36V and Other.
– Based on application, the market is segmented into Industrial, Automotive, Aerospace and Defense, Commercial, Consumer Electronics .

Quantifiable data:

• Market Data Breakdown by Key Geography, Type & Application / End-User
• By type (past and forecast)
• Smart Motors Market-Specific Applications Sales and Growth Rates (Historical & Forecast)
• Smart Motors revenue and growth rate by market (history and forecast)
• Smart Motors market size and growth rate, application and type (past and forecast)
• Sales revenue, volume and Y-O-Y growth rate (base year) of Smart Motors market

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Smart Motors Market
Smart Motors Market

Key Research: Industry experts from the global Smart Motors industry, including management organizations, processing organizations, and analytical services providers that address the value chain of industry organizations, were the main source of collection of data. To collect and certify qualitative and quantitative information and to determine future prospects, we interviewed all major sources.

Secondary Research: Critical information about the industrial value chain, core pool of people, and applications, was the primary focus of secondary research. Market segmentation based on the industry’s lowest level of industry, geographical markets and key developments in market and technology-driven core development, has also been done to provide a detailed picture of the current market situation.

Qualitative data: Includes factors affecting or influencing market dynamics and market growth. To list some names in related sections

• Industry overview
• Global Smart Motors market growth driver
• Global Smart Motors market trend
• Incarceration
• Smart Motors Market Opportunity
• Market entropy ** [specially designed to emphasize market aggressiveness]
• Fungal analysis
• Porter Five Army Model

Customized specific regional and country-level reports for the following areas.

North America: United States, Canada, and Mexico.
South & Central America: Argentina, Chile, and Brazil.
Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
Europe: UK, France, Italy, Germany, Spain, and Russia.
Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

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** The market is evaluated based on the weighted average selling price (WASP) and includes the taxes applicable to the manufacturer. All currency conversions used in the creation of this report were calculated using a certain annual average rate of 2021 currency conversion.

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Some of the Points cover in Global Smart Motors Market Research Report is:

Chapter 1: Overview of Global Smart Motors Market (2016-2027)

• Definition
• Specifications
• Classification
• Applications
• Regions

Chapter 2: Market Competition by Players/Suppliers 2016 and 2020

• Manufacturing Cost Structure
• Raw Material and Suppliers
• Manufacturing Process
• Industry Chain Structure

Chapter 3: Sales (Volume) and Revenue (Value) by Region (2016-2020)

• Sales
• Revenue and market share

Chapter 4, 5 and 6: Global Smart Motors Market by Type, Application & Players/Suppliers Profiles (2016-2020)

• Market Share by Type & Application
• Growth Rate by Type & Application
• Drivers and Opportunities
• Company Basic Information

Continued……..

Note: Regional Breakdown & Sectional purchase Available We provide Pie chats Best Customize Reports As per Requirements.

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