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Industrial Smart Motors Market Share, Top Key Players, Regional Demand and Forecast by 2025

11-06-2023 03:07 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Industrial Smart Motors Market

Industrial Smart Motors Market

The Industrial Smart Motors Market 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. 

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% by 2025

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Top Companies
Dunkermotoren GmbH, Reliance Precision Limited, HSD SpA, CG, Technosoft SA, Nidec Corporation, USAutomation, Rockwell Automation, Inc., Somfy Systems, Inc, Schneider Electric

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.

The pumps segment accounted for almost one-fifth share of the global smart industrial motors market based on end user due to high demand for efficient and superior machine control of motors. Moreover, increase in demand for reducing downtime during maintenance and service activities is expected to drive the growth of smart motors across different market verticals. 

The Industrial Smart Motors Market revolutionizing the way businesses manage their machinery and manufacturing processes. These intelligent devices are transforming traditional manufacturing environments into more efficient, cost-effective, and sustainable operations. This blog explores the Industrial Smart Motors Market, highlighting its growth, key drivers, applications, and the promising future of this technology.

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Smart motors are designed to optimize energy consumption and improve overall operational efficiency. With their ability to adjust speed, torque, and power usage in real-time, these motors help industries reduce energy costs and enhance productivity. One of the primary features of smart motors is their connectivity. They can be remotely monitored and controlled, which enables predictive maintenance, minimizes downtime, and improves operational reliability. As the world shifts towards sustainable manufacturing practices, smart motors play a crucial role in reducing carbon footprints. 

Thus, the pumps segment is expected to maintain its dominant position during the forecast period and subsequently provide numerous profitable opportunities for the market players. However, growth in popularity of application-specific equipment and machinery has gained traction and is projected to propel the demand for smart motors in conveyor systems, process automation, smart manufacturing, and OEMs (original equipment manufacturers) related equipment among others.

Industrial smart motors are at the forefront of the digital transformation in industrial automation. Their ability to improve efficiency, reduce energy consumption, and enhance sustainability make them a valuable asset to a wide range of industries. As connectivity, predictive maintenance, and energy efficiency continue to evolve, the market for smart motors is set to expand further, transforming the way industries operate and paving the way for a more sustainable and efficient future.

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About Allied Market Research:
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 domain.

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