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Smart Motor Protector Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

10-16-2023 03:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Smart Motor Protector Market is Anticipated to Increase at

The global smart motor protector market is anticipated to grow at a CAGR of 12.3% during the forecast period (2023-2030). Motor protection is used to prevent damage to the electrical motor, such as internal faults in the motor. An increasing demand for energy-efficient solutions in various verticals is a key driving factor. Integration of smart motor protectors in a robotic process helps to conserve energy. According to the United States Agency for International Development (USAID), electric motors (including those that drive pumps) account for 69.0% of electricity use in the industrial sector, 38.0% in the commercial sector, 22.0% in the residential sector, and 39.0% in the transportation and agriculture sectors combined. 

The unbalanced input three-phase electricity or the long motor working time may cause the motor to overheat. It will reduce the motor's efficiency and increase the risk of malfunctioning and other problems. As a result, the smart motor protector works to keep overheating away. The embedded motor protector technology is designed to provide enhanced performance and reliability for automotive and industrial applications. For instance, in July 2023, TDK Corp. is expanding its Micronas embedded motor controller family HVC with the HVC 5223C, an Automotive Grade 1 qualified, fully integrated motor controller to drive small brushed (BDC) or brushless (BLDC) motors with a peak phase current of 2 A. 

Electric power applications and now has been adapted for industrial uses. For instance, in August 2020, Mitsubishi Electric Corp. launched its LV100-type T-series insulated-gate bipolar transistor (IGBT) module for industrial uses. It is expected to help reduce the size and power loss of power converters, specifically inverters used for renewable energy applications such as photovoltaic and wind-power generation, and also high-capacity motor drives. 

Various smart motor protectors for switch device performance in applications such as motor protection, power tools, DC-DC converters, EV charging stations and others. For instance, in March 2022, Infineon Technologies AG launched a new EiceDRIVER™ 2EDN product family. Aiming at space-limited designs, the next-generation devices complement the existing 2EDN driver ICs by providing higher system-level efficiencies, excellent power density, and consistent system robustness with fewer external components.

To Request a Sample of our Report on Smart Motor Protector Market:  https://www.omrglobal.com/request-sample/smart-motor-protector-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Configuration
By Voltage
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes ABB Ltd., Eaton Corp. Inc., Fuji Electric Co., Ltd., Moog Inc., Rockwell Automation Inc., Siemens AG, and others.

Smart Motor Protector Market Report Segment

By Configuration

Low Powered
High Powered

By Voltage

Less Than 1000V
1001V to 3000V
More than 3001V

By End-User

Chemical Industry
Power Plant
Pump Station
Mining Industry
Metallurgical Industry
Others (paper and pulp)

A full Report of Smart Motor Protector Market is Available @  https://www.omrglobal.com/industry-reports/smart-motor-protector-market

Smart Motor Protector Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Baldor Electric Co.
Boston Gear
Franklin Electric Co. Inc.
General Electric Company
Honeywell International Inc.
Johnson Electric Holdings Limited
Marathon Electric
Mitsubishi Electric Manufacturing Co., Ltd.
Nord Gear Corp.
OMRON Corp.
Schneider Electric SE
Sensata Technologies, Inc.
Techtop Industries
Toshiba International Corp.
WEG SA 

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/smart-motor-protector-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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