Press release
Industrial Smart Motors Market Worth $1,809.1 Million by 2025 | Key Drivers, Restraints and Opportunities
Industrial Smart Motors Market
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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.
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.
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Key Segments
By Offering
Products
Services
By End-User
Pumps
Fans
Compressors
Others
By Market Vertical
Power & Energy
Manufacturing
Automotive
Healthcare
Others
Key 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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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