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Smart Motor Market to Witness Exponential Growth by 2022
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The main specialty of the smart motor is its ability to produce highest torque at lowest speed. The technological advancement and innovation brings the smart motor to completely new stage, now smart motors can support industrial Ethernet protocol including Ether CAT and PROFINET. The main applications of this smart motor is in industrial automation and robotics applications, which are undoubtedly the emerging sectors across the globe and hence the demand of smart motor is also rising up in global market.
The key trend of global smart motor market is the tremendous increment in the demand of smart motor for the application in the industrial automation.
There are various factors driving the growth of global smart motor market such as the advantages provided by smart motors over the traditional AC motors as it requires less wiring and onsite space, cost reduction, increased effectiveness of equipment, less power consumption are some of the global smart motor market drivers driving this market. On the other side there are some factors which are responsible to hinder the growth of global smart motor market, which are; lower rate of implementation and additional consideration for variable frequency drive are some of restraints of smart motor market.
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The key players of global smart motor market are Asea Brown Boveri (ABB) Ltd., Rockwell Automation, Inc., Moog Animatics, General Electric Co. Ltd., FUJI Electric Co. Ltd., Siemens AG, Technosoft S.A., Schneider Electric SE, Robotshop, Inc., Roboteq, Inc. and others.
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