Press release
Industrial Smart Motors Market Worth $1,809.1 Million by 2025 | Key Drivers, Restraints & Opportunities
According to a new report published by Allied Market Research titled, Industrial Smart Motors Market by Offering, End User, and Market Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,the "industrial smart motors market was valued at $1,207.86 million in 2017 and is expected to reach $1,809.11 million by 2025, registering a CAGR of 5.28% from 2018 to 2025." Asia-Pacific dominated the industrial smart motors market accounting for around two-fifths share of the total revenue by region.Get Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/4464
Industrial Smart Motors Market by Offering (Products and Services), End User (Pumps, Fans, Compressors, and Others), and Market Vertical (Power & Energy, Manufacturing, Automotive, Healthcare, and Others)
Industrial smart motors are specialized motors that offer superior performance through integration of internet of things (IoT) enabled services that include superior machine control, predictive maintenance, and reduced downtime during maintenance. Smart motors have witnessed a rise in their scope of application across different industry verticals due to integration of sensors, microprocessor chips, and software programs.
For instance, they find application in discrete automation, materials handling, industrial machineries & equipment, smart manufacturing, and mechanical power transmission-based equipment among others. As a result, the industrial smart motors have gained traction in the recent years and are expected to provide numerous profitable opportunities for the manufacturers during the forecast period.
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Key Players
The report details a competitive analysis and profiles of the major players, such as CG Global, Dunkermotoren GmbH, HSD SpA, Nidec Corporation, Reliance Precision Limited, Rockwell Automation Inc., Schneider Electric, Somfy Systems Inc., TECHNOSOFT SA, and USAutomation in the industrial smart motors market.
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.
Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/4464
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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Fax: +1(855)550-5975
help@alliedmarketresearch.com
About Us
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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