Press release
Global Smart Motor Market Expected to See Robust Growth at 5.9% CAGR Through 2032
Smart Motor Market
The primary growth drivers behind this expansion include the rising adoption of industrial automation, increasing focus on energy efficiency, and government-backed initiatives promoting sustainable technologies. Variable speed drives dominate the market with around 40% share, while 24V smart motors are widely used in robotics and IoT-driven applications. Regionally, North America leads the market with a 35% share in 2025, supported by its mature industrial base and regulatory standards, whereas Asia Pacific is the fastest-growing region, fueled by rapid industrialization, EV adoption, and Industry 4.0 initiatives.
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Key Highlights from the Report
• The global smart motor market is forecasted to grow from US$2.6 Bn in 2025 to US$3.9 Bn by 2032, at a CAGR of 5.9%.
• North America dominates the market with a 35% share in 2025, driven by industrial automation and energy regulations.
• Asia Pacific is the fastest-growing region, supported by electric vehicle production and digital transformation.
• Variable speed drives account for 40% market share, optimizing energy use in industrial equipment.
• 24V smart motors lead product demand, securing 38% share in robotics, IoT devices, and automotive systems.
• Industrial applications remain the top end-use sector, generating 37% of global smart motor revenues.
Market Segmentation
The smart motor market is segmented by product type, component, and end-use industry. By product type, 24V smart motors dominate the landscape, holding a 38% share due to their adaptability in low-power applications such as robotics, automotive subsystems, and IoT-enabled devices. These motors are cost-efficient, reliable, and highly suitable for compact applications where precision and efficiency are vital. Higher voltage motors are also witnessing growth in large-scale industrial equipment, renewable energy, and heavy-duty transport applications.
By end-use industry, the industrial sector remains the largest contributor with 37% market revenue share. Smart motors are widely used in manufacturing plants, HVAC systems, conveyor belts, and automation-driven processes that demand efficiency and reduced downtime. The automotive industry, particularly with the rising adoption of electric vehicles, is also accelerating demand. Additionally, commercial sectors such as building automation and smart infrastructure are creating new opportunities for smart motor deployment.
Regional Insights
North America leads the smart motor market, commanding around 35% of the global share in 2025. The region's growth is supported by advanced industrial automation, strict energy efficiency regulations, and strong adoption of IoT-enabled manufacturing solutions. The U.S. remains the core market, with rapid deployment across manufacturing, aerospace, and automotive industries.
Asia Pacific is the fastest-growing regional market, driven by large-scale industrialization in China and India, the surge in electric vehicle production, and the adoption of Industry 4.0 practices. Governments in the region are actively investing in smart factories and sustainable technologies, positioning APAC as the most dynamic hub for smart motor demand.
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Market Drivers
The biggest driver for the smart motor market is the rising demand for energy-efficient solutions in manufacturing, automotive, and commercial sectors. With electricity costs and sustainability concerns at the forefront, companies are deploying smart motors to optimize power usage and reduce operational expenses. Furthermore, the integration of IoT, AI, and predictive maintenance technologies is enhancing reliability and productivity, making smart motors an essential component in modern industry.
Market Restraints
Despite growth opportunities, the market faces restraints such as high initial investment costs and complexity in system integration. Small and medium-sized enterprises often hesitate to adopt smart motor solutions due to budget limitations and the requirement for specialized expertise in installation and maintenance. Additionally, concerns related to cybersecurity risks in IoT-enabled motor systems pose a challenge to wider adoption.
Market Opportunities
The smart motor market holds strong opportunities in electric vehicle development, renewable energy systems, and smart building infrastructure. As global economies transition toward sustainable technologies, smart motors will play a crucial role in energy-efficient mobility and green energy adoption. Emerging markets in Asia, Latin America, and Africa also present untapped opportunities as governments prioritize digital transformation and industrial modernization.
Reasons to Buy the Report
✔ Gain insights into the market size, growth rate, and forecast through 2032.
✔ Identify leading segments and understand their contribution to overall revenue.
✔ Explore regional dynamics shaping opportunities across North America, APAC, and Europe.
✔ Assess the impact of technological advancements like IoT and AI in smart motors.
✔ Access profiles of leading companies and their latest developments in the market.
Frequently Asked Questions (FAQs)
How Big is the Smart Motor Market in 2025 and 2032?
Who are the Key Players in the Global Smart Motor Market?
What is the Projected Growth Rate of the Smart Motor Market?
What is the Market Forecast for the Smart Motor Market by 2032?
Which Region is Estimated to Dominate the Industry through the Forecast Period?
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Company Insights
• Siemens AG
• Moog Animatics
• Rockwell Automation
• ABB Ltd.
• Schneider Electric
• Nidec Corporation
• Johnson Electric Holdings Limited
• General Electric (GE) Motors
• Regal Rexnord Corporation
• Bosch Rexroth AG
Recent Developments:
1. In 2024, Siemens launched AI-driven smart motors focused on predictive maintenance and energy efficiency, targeting industrial automation and EV markets.
2. In 2023, Moog Animatics introduced the Class 6 D-style SmartMotor, enhancing robotic performance and expanding its footprint in automation-driven industries.
Conclusion
The smart motor market is on a clear growth trajectory, supported by the global push for energy efficiency, industrial automation, and sustainable technologies. While North America dominates the market today, Asia Pacific is emerging as the fastest-growing region, powered by rapid industrialization and EV expansion. Key industry players are innovating with AI and IoT-enabled motor systems, ensuring smarter, more efficient operations across industries. With rising investments in automation and sustainability, smart motors are set to become an integral part of the global industrial and automotive ecosystem by 2032.
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