Market Overview: Global Industrial Smart Motors Market to grow at a CAGR of 6.22% Forecast 2017-2021

Motors with additional features such as a built-in microprocessor, quadrature encoder, and current monitor are industrial smart motors. Industrial smart motors can cater to complex operations in machineries and perform highly precise and multifaceted functions with IIoT integration. They can perform cautiously and with high-efficiency. They also do not render adverse effects in the environment. The growth of industrial automation has led to a significant rise in demand for industrial smart motors.

The global industrial smart motors market to grow at a CAGR of 6.22% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global industrial smart motors market for 2017-2021. To calculate the market size, the report considers a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Industrial Smart Motors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- HSD
- Lenze
- Moog
- Servotronix Motion Control
- TECHNOSOFT

Other prominent vendors
- Bosch Rexroth
- Delta Electronics
- Festo Group
- Fuji Electric
- General Electric
- MISUMI
- MOONS'
- Motion Control Products
- NIDEC MOTORS & ACTUATORS
- Olympus Controls
- Rockwell Automation
- Sastra Robotics
- Schneider Electric
- SMART ELECTRIC
- SmartMotorDevices O
- Sonceboz
- Striatech

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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

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