Press release
Industrial Smart Motors Market key players 2018 - 2025: CG Global, Dunkermotoren GmbH, HSD SpA, Nidec Corporation, Reliance Precision Limited, Rockwell Automation Inc., Schneider Electric, Somfy Systems Inc., TECHNOSOFT SA, and USAutomation
Industrial Smart Motors Market
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The constant upgrade of industrial machineries and equipment to achieve superior operation efficiency of the plant is expected to propel the demand for industrial smart motors in Asia-Pacific. Further, the growth in popularity of industrial internet of things (IIoT)-enabled equipment and products is increasingly gaining popularity among manufacturers owing to their versatile benefits and subsequently is expected to boost the growth of industrial smart motors market. This is also anticipated to boost the demand for industrial smart motors market in the coming years.
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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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.
Key Benefits For Industrial Smart Motors Market :
The report provides an extensive analysis of the current as well as emerging trends and dynamics in the global industrial smart motors market.
An in-depth analysis is presented by constructing market estimations for the key market segments between 2017 and 2025.
An extensive analysis by following the key product positioning and monitoring of the top competitors within the market framework is conducted.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.
The key market players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the industrial smart motors market.
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Key Market Players
CG Global
Dunkermotoren GmbH
HSD SpA
Nidec Corporation
Reliance Precision Limited
Rockwell Automation, Inc.
Schneider Electric
Somfy Systems, Inc
TECHNOSOFT SA
USAutomation
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