Press release
Strong Growth Ahead: Motor Management Market Size To Grow At Arecord 6.4% Cagr By 2029
Motor Management Market
How Big Is the Motor Management Market Size Expected to Be by 2034?
The market size for motor management has significantly expanded over the past few years. It is projected to increase from $3.41 billion in 2024 to $3.63 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. This historical growth has been driven by factors such as increased industrial infrastructure investments, surging demand for HVAC systems, widespread use of motor protection systems, a growing emphasis on factory modernization, and the rising incorporation of IoT into industrial processes.
The size of the motor management market is anticipated to witness considerable growth in the upcoming years. By 2029, it is predicted to expand to $4.66 billion, with a compound annual growth rate (CAGR) of 6.4%. The growth during this forecasted period can be attributed to factors such as a growing requirement for remote motor monitoring, increasing investments in smart factories, a surge in the demand to reduce operational downtime, increasing needs for predictive maintenance solutions, and the development of manufacturing sectors in emerging economies. Notable trends for the forecasted period include progression in industrial Internet of Things (IoT) connectivity, advancements in digital twin technologies for motors, the incorporation of edge computing into motor control systems, enhanced automation in manufacturing procedures, and innovative advancements in real-time diagnostic and fault detection systems.
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What Are the Emerging Segments Within the Motor Management Market?
The motor management market covered in this report is segmented -
1) By Type: Synchronous Motor, Asynchronous Motor
2) By Component: Hardware, Software, Service
3) By Control: Automatic, Semi-Automatic, Manual
4) By Application: Pumps, Compressors, Material Handling, Other Applications
5) By End-User Industry: Metals And Mining, Oil And Gas, Power Generation, Water And Wastewater, Food And Beverages, Agriculture, Chemicals And Petrochemicals, Cement, Other End-User Industries
Subsegments:
1) By Synchronous Motor: Permanent Magnet Synchronous Motor (PMSM), Wound Rotor Synchronous Motor (WRSM), Brushless Synchronous Motor (BSM)
2) By Asynchronous Motor: Induction Motor, Squirrel Cage Induction Motor, Slip Ring Induction Motor
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What Long-Term Drivers Are Shaping Motor Management Market Trends?
The growth of the motor management market is anticipated to be driven by the rising implementation of industrial automation. Industrial automation involves utilizing control systems such as computers or robots to operate various industrial procedures and machineries without the need for human intervention. A surge in industrial automation is seen due to the escalating need for cost-effective production that lessens manual labor dependency whilst sustaining uniform quality. Motor management plays a vital part in industrial automation by enhancing the performance, efficacy, and longevity of motors through progressive control, monitoring, and protection systems. It also aids in flawless integration with automated procedures, decreases downtime, and improves overall productivity and energy efficiency across a variety of manufacturing operations. For instance, as per the International Federation of Robotics, a non-profit organization based in Germany, annual installations in 2022 climaxed at 290,258 units, outdoing the previous record established in 2021 with a 5% growth. Consequently, the rising implementation of industrial automation is triggering the growth of the motor management market.
Who Are the Top Competitors in Key Motor Management Market Segments?
Major companies operating in the motor management market are Siemens AG, Schneider Electric SE, Honeywell International Inc., GE Vernova LLC, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Nidec Corporation, TE Connectivity Ltd., BorgWarner Inc., Danfoss Group, Rockwell Automation Inc., Fuji Electric Co. Ltd., Phoenix Contact GmbH and Co. KG., WEG S.A., Regal Rexnord Corporation, SEW-Eurodrive GmbH and Co. KG., Johnson Electric Holdings Limited, Littelfuse Inc., CG Power and Industrial Solutions Limited, KEB Automation KG
What Motor Management Market Trends Are Gaining Traction Across Different Segments?
Key players in the motor management market are prioritizing advanced innovation, like in-plane switching (IPS) hard screen technology, to augment the visibility, durability, and user-friendliness of human-machine interfaces. This in turn enhances real-time data tracking and raises performance levels in industrial settings. IPS hard screen technology is a sophisticated display technology that enhances color accuracy, contrast, and viewing angles, providing clear and dependable visualizations for industrial use. For example, Schneider Electric SE, a company from France specializing in digital automation, launched a new generation machine motion control unit dubbed the Golden Four Piece Set in April 2025. Designed with cutting-edge control algorithms, the system boosts the accuracy and speed of motors, making it suitable for intricate manufacturing processes. The set also boasts improved diagnostic capabilities enabling real-time observation and pre-emptive maintenance to minimize downtime.
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Which Regions Are Becoming Hubs for Motor Management Market Innovation?
North America was the largest region in the motor management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motor management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Motor Management Market?
2. What is the CAGR expected in the Motor Management Market?
3. What Are the Key Innovations Transforming the Motor Management Industry?
4. Which Region Is Leading the Motor Management Market?
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