Rise in demand for motors with superior process control and increase in emphasis on reducing downtime drive the industrial smart motors market

The global industrial smart motors market size was valued at $1,207.9 million in 2017 and is expected to reach $1,809.1 million by 2025, growing at a CAGR of 5.28% during the forecast period (2018‐2025). These specialized motors through the integration of Industrial Internet of Things (IIoT)-enabled services offer a superior performance to the end users.

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The mechanical power transmission capabilities enable and provide huge scope for application of electric motors in numerous industrial activities and processes. Thus, these motors play a crucial role in various tasks such as material handling, pumps, compressors, conveyor systems, automation processes, and controllers. Among these, smart motors can be defined as specialized industrial motors that through the integration of sensors, processors, or electronic components offer services such as superior machine control, predictive maintenance, and advanced process control among others. Subsequently, these types of motors find substantial applications in smart manufacturing, motor driven equipment, processing equipment, material handling & packaging equipment, and original equipment manufacturer (OEM)-based products among others.

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Factors such as rise in demand for motors with superior process control and increase in emphasis on reducing downtime drive the industrial smart motors market. Further, the integration of IIoT services has enabled services such as predictive maintenance, superior machine control, improvement in motor efficiency, and downtime reduction during maintenance are expected to fuel the demand for industrial smart motors in the coming years. In addition, continuous technological advancements influence the efficiency of smart motors that boost their adoption across different end users. This is anticipated to provide numerous profitable opportunities for the market players.

However, high cost of continuous predictive maintenance is expected to negatively influence the market growth of industrial smart motors market in small and medium enterprises (SMEs) during the forecast period.

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Industrial Smart Motors Market, By Industry Vertical

6.1. Market overview

6.1.1. Market size and forecast, by end-user

6.2. Power & Energy

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. Manufacturing

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

6.4. Automotive

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country

6.5. Healthcare

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country

6.6. Others

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country

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