Smart Motors Market Competitive Insights and Precise Outlook 2020-2026

The Global Smart Motors Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The smart motors market was valued at USD 1.2 billion a CAGR of 7.95% over the forecast period (2020-2025).

Key Market Players:

Rockwell Automation, Inc., Moog, Inc., CG Global, Dunkermotoren GmbH, Reliance Precision Limited, Technosoft SA, RobotShop, Inc., HSD SpA, Software Motor Company, Lenze, USAutomation and Other

Click the link to get a Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/01091746474/smart-motors-market-growth-trends-forecast-2020-2025/inquiry?source=Openpr&mode=74

Industry News

October 19: Moog Animatics, a division of Moog Inc., has announced the release of its new AniCNC™ application software exclusively for use with the Class 5 SmartMotor™. When coupled with the Class 5 SmartMotor, the AniCNC software solution provides a graphical Human-Machine Interface (HMI), G-code editing and runtime environment and other built-in features to tackle milling, routing, machining, shaping and related projects. An offline mode allows preview and refinement of G-code tool paths without being attached to the SmartMotor™

Key Market Trends

Industrial Applications is Expected to have the Largest Market Share

- According to the Software Motor Company, over 45% of the electricity produced is consumed by the electric motors used for millions of applications. Out of these, about 50% is not yet well utilized and subjects to a reduction in energy consumption.
- Recently metal has become of the widely used material for designing products with high strength and durability. This designing is also emphasized by upcoming effective metal cutters like plasma cutters has become a popular solution. The machine manufacturers are actively adopting smart motors to gain effective results. For instance, DynaTorch, a machine manufacturing comapny, mentioned that it had adopted smart servo motors from Moog Animatics.
- Additionally, these smart motors are also being adopted by textile machine manufacturers. The spool winding machine requires a continuous change in the winding drum speed with increasing spool size to maintain the exact tension on the thread while making a package. With the smart motors, these machines now have gained capabilities like specialized commands for winding applications and auto-reversing electronic gearing to eliminate the winding defects.
- The smart motors are being used in the oil and gas industries for the NDT pipeline inspection activities. For instance, Envision CmosXray LLC, a provider of gamma and digital X-ray systems for NDT inspection of pipelines year-round, has adopted smart servo motors. Moreover, governments are investing in pipeline expansion projects along with an increase in the increase in production across the world. In 2018, global oil production reached 94,718 thousand barrels per day. These factors are estimated to increase the demand for smart motors in the industrial market.

Asia Pacific Region to Grow Significantly

- According to the Economic Times, the index of industrial production in India increased to 7% in June 2018. In terms of industries, nineteen of the twenty-three industry groups in the manufacturing sector exhibited positive growth during the month of June 2018 as compared to the corresponding month of 2017. The country has been significantly investing in factory automation technologies.
- The automation market in India is also bolstered by policies, such as Industrial Policy 2017, which promote the use of new technologies to improve productivity. Also, the income tax reduction for all companies to 25% with a turnover of up to INR 250 crore is encouraging manufacturing projects in the country. This is, in turn, boosting the adoption of smart motors in the country.
- Moreover, the smart motors are being used in aerospace applications like flexitool tooling machines used for aircraft skin processing. The countries like China, Japan, along with India is extensively invest in their aerospace projects. These projects are estimated to fuel the demand for smart motors in the region over the forecast period.

Explore Full Report With Detailed TOC Here:

https://www.marketinsightsreports.com/reports/01091746474/smart-motors-market-growth-trends-forecast-2020-2025?source=openpr&mode=74

The market factors explained in the report:

Market Overview: It includes Smart Motors Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Smart Motors Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Regional Study: All of the regions and countries analyzed in the Smart Motors Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

Key Players: This part of the Smart Motors Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Smart Motors Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

We also offer customization on reports based on specific client requirement:
1- Country level analysis for any 5 countries of your choice.
2- Competitive analysis of any 5 key market players.
3- 40 analyst hours to cover any other data points

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Contact US :

Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.