Global Smart Motor Market- Technologies, Market share and Industry Forecast to 2024

  • ID: 4519291
  • Report
  • Region: Global
  • 190 Pages
  • Occams Business Research and Consulting
1 of 4

FEATURED COMPANIES

  • ABB Ltd.
  • Fuji Electric Co. Ltd.
  • Lenze Group
  • Moog, Inc.
  • Robotshop, Inc.
  • Schneider Electric SE
  • MORE

Smart motor market to foray ahead with a CAGR of over 7% till 2024.

Smart motor is smart systems that comprises of electromechanical components in conjunction with sophisticated power electronics systems to control the speed/torque and position of the motor. Smart motor comprises a motor and a speed controlling device such as variable frequency drive or variable speed drives and motor control that integrates the hardware and software to carry out a process effectively and efficiently.  Improved performance and optimized serviceability offered by smart motor have leveraged wide adoption of smart motors. The companies in global smart motors market such as Siemens, ABB, Schneider electric and others provide a cloud-based solution and data analysis tools that improves the overall transparency of production processes and efficiently manage fleet operations. These solutions help in monitoring the motors and help in detecting potential failures through asset data. The smart motor provides the capability to detect, evaluate and visualizes vibrations, load condition, cooling status, and speed value. The real-time evaluation of operations helps to detect changes in operating states of the motors at an early stage and respond to them rapidly. According to OBRC analysis, global smart motor market is projected to grow at CAGR of over 7% during forecast period 2017-2024. Increasing demand for cost effective and energy efficient solutions, requirement of less onsite and wiring space, cost reduction along with increased effectiveness of equipment offered by smart motors and less maintenance cost compared to traditional motor are the primary drivers for the growth global smart motor market. Further, increasing application areas of smart motor and increasing scope of smart motors in industrial sector presents various opportunities for the growth of global smart motor market.

Increasing trend of automation to supplement growth in smart motor market

The motors are most vital component of an automation system, it act as actuators helping in efficiently managing the operations. Smart motors provide the added benefit of less onsite and wiring space making it a preferred choice for the automation systems. Hence, with the growth in automation sector both in industrial as well as residential sector, global smart motor is set to grow substantially over the forecast period. International Society for Automation (ISA) suggests, technological advancements in the areas of robotics, internet of things, industrial internet of things (IIoT), machine learning and artificial intelligence, which will enable machines to match or outperform human capabilities in different sectors. Automation can improve business productivity by reducing errors and offer quality & speed for manufacturing enterprise, outmatching human capacity. Many opportunity of automation is seen in countries with low population base and high wages Automation is looked up as an aid to offset declining working age population in countries like Japan, Germany etc. Global Innovation & Technology Alliance (GTIA) states that automation could increase productivity across the globe by 0.9%-1.5% of global GDP annually..  USA, China, India, Japan are lucrative countries for investment in automation systems according to GTIA. Further, growth in manufacturing sector also boosted the global market for smart motors. United Nation Industrial Development Organization (UNIDO) estimates global manufacturing growth likely to increase in 2017 due to steady recovery of industrialized economy and high growth rate of developing & emerging economies. Based on current scenario, global manufacturing output is anticipated to grow by 4.2% in Q2 2017 as compared to 1.1% in Q2 2016, according to UNIDO estimate. Manufacturing output in developing & emerging economies (at 6%) continues to remain strong and fare better than that of industrial economies (at 2.7%) for Q2 2017.

Asia Pacific: The most lucrative market for smart motors

Asia Pacific smart motor market is anticipated to grow at highest rate over the forecast period 2017-2024. High economic growth owing to thriving industrial sector, demand for energy efficient and cost-effective solution coupled with the dominant position of Asia Pacific in motor vehicle production are the primary drivers for the high growth rate of Asia Pacific smart motor market. According to International Monetary Fund (IMF), Asia Pacific is the world’s economic engine at present and is anticipated to grow at 5.7% till 2020. Positive economic outlook has driven government and public bodies across Asia Pacific to implement investment friendly policies across various industrial sector. Further, according to International Organization of Motor Vehicle Manufacturers (OICA), Asia Oceanic region accounted for over 54% share in the global vehicle in 2016 production that heavily influences the smart motor market in Asia Pacific.

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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • ABB Ltd.
  • Fuji Electric Co. Ltd.
  • Lenze Group
  • Moog, Inc.
  • Robotshop, Inc.
  • Schneider Electric SE
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global Smart Motor Market: Evolution & Transition
2.2. Industry Structure
2.3. Regulatory Framework
2.4. Total Market Analysis
2.4.1. Top 5 Findings
2.4.2. Top 5 Opportunity Markets
2.4.3. Top 5 Companies
2.4.4. Top 3 Competitive Strategies
2.5. Estimation Analysis
2.6. Strategic Analysis
2.6.1. Investment Vs. Adoption Model
2.6.2. 360 Degree Industry Analysis
2.6.3. Porters 5 Force Model
2.6.4. See-Saw Analysis
2.6.5. Consumer Analysis And Key Buying Criteria
2.7. Competitive Analysis
2.7.1. Market Share Analysis
2.7.2. Top Company Analysis
2.8. Strategic Recommendations & Key Conclusions
2.8.1. Investment Opportunities By Regions
2.8.2. Opportunities In Emerging Applications
2.8.3. Investment Opportunity In Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Requirement Of Less Onsite And Wiring Space
3.1.2. Cost Reduction And Increased Effectiveness Of Equipment On Deployement Of Smart Motors
3.1.3. Reduced Energy Consumption
3.1.4. Less Maintenance Cost Compared To Conventional
3.2. Market Restraints
3.2.1. Frequency Restraints Related To Variable Frequency Drives (Vfd)
3.2.2. High Cost Of Smart Motors
3.3. Market Opportunities
3.3.1. Increasing Application Areas Of Smart Motors
3.4. Market Challenges
3.4.1. Complexity Of Integration

4. Global Smart Motor Market By Application
4.1. Market Definition And Scope
4.2. Decision Support Database & Estimation Methodology
4.3. Comparative Analysis Across Market Segments
4.4. Opportunity Matrix
4.5. Market Segmentation
4.5.1. Global Industrial Market
4.5.1.1. Adoption Scenario & Market Determinants
4.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.1.3. Key Players & Key Products
4.5.1.4. Key Conclusions
4.5.2. Global Commercial Market
4.5.2.1. Adoption Scenario & Market Determinants
4.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.2.3. Key Players & Key Products
4.5.2.4. Key Conclusions
4.5.3. Global Consumer Electronics Market
4.5.3.1. Adoption Scenario & Market Determinants
4.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.3.3. Key Players & Key Products
4.5.3.4. Key Conclusions
4.5.4. Global Automotive Market
4.5.4.1. Adoption Scenario & Market Determinants
4.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.4.3. Key Players & Key Products
4.5.4.4. Key Conclusions
4.5.5. Global Aerospace & Defense Market
4.5.5.1. Adoption Scenario & Market Determinants
4.5.5.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.5.3. Key Players & Key Products
4.5.5.4. Key Conclusions

5. Global Smart Motor Market By Component
5.1. Market Definition And Scope
5.2. Decision Support Database & Estimation Methodology
5.3. Comparative Analysis Across Market Segments
5.4. Opportunity Matrix
5.5. Market Segmentation
5.5.1. Global Variable Speed Drive Market
5.5.1.1. Adoption Scenario & Market Determinants
5.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.1.3. Key Players & Key Products
5.5.1.4. Key Conclusions
5.5.2. Global Motor Control Center Market
5.5.2.1. Adoption Scenario & Market Determinants
5.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.2.3. Key Players & Key Products
5.5.2.4. Key Conclusions
5.5.3. Global Motor Market
5.5.3.1. Adoption Scenario & Market Determinants
5.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.3.3. Key Players & Key Products
5.5.3.4. Key Conclusions

6. Competitive Landscape
6.1. Key Strategies
6.1.1. List Of Merger & Acquistion
6.1.2. List Of Joint Venture
6.1.3. List Of Product Launches
6.1.4. List Of Partnership

7. Geographical Analysis
7.1. Decision Support Database & Estimation Methodology
7.2. Comparative Analysis Across Market Segments
7.3. Opportunity Matrix
7.4. Global Smart Motor Market By Region 2015-2024
7.4.1. North America
7.4.1.1. Industrial Application Analysis 2015-2024 ($ Million)
7.4.1.2. Top Country Analysis
7.4.1.2.1. U.S.
7.4.1.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.1.2.1.2. Key Players & Key Products
7.4.1.2.1.3. Key Conclusions
7.4.1.2.2. Canada
7.4.1.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.1.2.2.2. Key Players & Key Products
7.4.1.2.2.3. Key Conclusions
7.4.2. Europe
7.4.2.1. Industry Application Analysis 2015-2024 ($ Million)
7.4.2.2. Top Country Analysis
7.4.2.2.1. Uk
7.4.2.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.2.2.1.2. Key Players & Key Products
7.4.2.2.1.3. Key Conclusions
7.4.2.2.2. France
7.4.2.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.2.2.2.2. Key Players & Key Products
7.4.2.2.2.3. Key Conclusions
7.4.2.2.3. Germany
7.4.2.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.2.2.3.2. Key Players & Key Products
7.4.2.2.3.3. Key Conclusions
7.4.2.2.4. Spain
7.4.2.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.2.2.4.2. Key Players & Key Products
7.4.2.2.4.3. Key Conclusions
7.4.2.2.5. Rest Of Europe
7.4.2.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.2.2.5.2. Key Players & Key Products
7.4.2.2.5.3. Key Conclusions
7.4.3. Asia Pacific
7.4.3.1. Industry Application Analysis 2015-2024 ($ Million)
7.4.3.2. Top Country Analysis
7.4.3.2.1. China
7.4.3.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.3.2.1.2. Key Players & Key Products
7.4.3.2.1.3. Key Conclusions
7.4.3.2.2. India
7.4.3.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.3.2.2.2. Key Players & Key Products
7.4.3.2.2.3. Key Conclusions
7.4.3.2.3. Japan
7.4.3.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.3.2.3.2. Key Players & Key Products
7.4.3.2.3.3. Key Conclusions
7.4.3.2.4. Australia
7.4.3.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.3.2.4.2. Key Players & Key Products
7.4.3.2.4.3. Key Conclusions
7.4.3.2.5. Rest Of Asia Pacific
7.4.3.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.3.2.5.2. Key Players & Key Products
7.4.3.2.5.3. Key Conclusions
7.4.4. Row
7.4.4.1. Industry Application Analysis 2015-2024 ($ Million)
7.4.4.2. Top Country Analysis
7.4.4.2.1. Latin America
7.4.4.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.4.2.1.2. Key Players & Key Products
7.4.4.2.1.3. Key Conclusions
7.4.4.2.2. Middle East & Africa
7.4.4.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
7.4.4.2.2.2. Key Players & Key Products
7.4.4.2.2.3. Key Conclusions

8. Company Profiles
8.1. ABB Ltd. (Switzerland)
8.1.1. Overview
8.1.2. Product Portfolio
8.1.3. Strategic Initiatives
8.1.4. Scot Analysis
8.1.5. Strategic Analysis
8.2. EBM - Papst Group
8.2.1. Overview
8.2.2. Product Portfolio
8.2.3. Strategic Initiatives
8.2.4. Scot Analysis
8.2.5. Strategic Analysis
8.3. Fuji Electric Co. Ltd. (Japan)
8.3.1. Overview
8.3.2. Product Portfolio
8.3.3. Strategic Initiatives
8.3.4. Scot Analysis
8.3.5. Strategic Analysis
8.4. General Electric (U.S.)
8.4.1. Overview
8.4.2. Product Portfolio
8.4.3. Strategic Initiatives
8.4.4. Scot Analysis
8.4.5. Strategic Analysis
8.5. Lenze Group (Uk)
8.5.1. Overview
8.5.2. Product Portfolio
8.5.3. Strategic Initiatives
8.5.4. Scot Analysis
8.5.5. Strategic Analysis
8.6. Mdc Vacuum Products Llc (USA)
8.6.1. Overview
8.6.2. Product Portfolio
8.6.3. Strategic Initiatives
8.6.4. Scot Analysis
8.6.5. Strategic Analysis
8.7. Moog, Inc. (U.S.)
8.7.1. Overview
8.7.2. Product Portfolio
8.7.3. Strategic Initiatives
8.7.4. Scot Analysis
8.7.5. Strategic Analysis
8.8. Robeteq, Inc. (U.S.)
8.8.1. Overview
8.8.2. Product Portfolio
8.8.3. Strategic Initiatives
8.8.4. Scot Analysis
8.8.5. Strategic Analysis
8.9. Robotshop, Inc. (Quebec)
8.9.1. Overview
8.9.2. Product Portfolio
8.9.3. Strategic Initiatives
8.9.4. Scot Analysis
8.9.5. Strategic Analysis
8.10. Rockwell Automation, Inc. (U.S.)
8.10.1. Overview
8.10.2. Product Portfolio
8.10.3. Strategic Initiatives
8.10.4. Scot Analysis
8.10.5. Strategic Analysis
8.11. Schneider Electric SE (France)
8.11.1. Overview
8.11.2. Product Portfolio
8.11.3. Strategic Initiatives
8.11.4. Scot Analysis
8.11.5. Strategic Analysis
8.12. Siemens AG (Germany)
8.12.1. Overview
8.12.2. Product Portfolio
8.12.3. Strategic Initiatives
8.12.4. Scot Analysis
8.12.5. Strategic Analysis
8.13. Technosoft SA (Switzerland)
8.13.1. Overview
8.13.2. Product Portfolio
8.13.3. Strategic Initiatives
8.13.4. Scot Analysis
8.13.5. Strategic Analysis
8.14. Technosoft SA (Switzerland)
8.14.1. Overview
8.14.2. Product Portfolio
8.14.3. Strategic Initiatives
8.14.4. Scot Analysis
8.14.5. Strategic Analysis
8.15. Teknatool International Ltd (New Zealand)
8.15.1. Overview
8.15.2. Product Portfolio
8.15.3. Strategic Initiatives
8.15.4. Scot Analysis
8.15.5. Strategic Analysis

List Of Tables:
1. Global Smart Motor Market By Application 2015-2024 ($ Million)
2. Global Industrial Market By Geography 2015-2024 ($ Million)
3. Global Commercial Market By Geography 2015-2024 ($ Million)
4. Global Consumer Electronics Market By Geography 2015-2024 ($ Million)
5. Global Automotive Market By Geography 2015-2024 ($ Million)
6. Global Aerospace & Defense Market By Geography 2015-2024 ($ Million)
7. Global Smart Motor Market By Component 2015-2024 ($ Million)
8. Global Variable Speed Drive Market By Geography 2015-2024 ($ Million)
9. Global Intelligent Motor Control Center Market By Geography 2015-2024 ($ Million)
10. Global Motor Market By Geography 2015-2024 ($ Million)
11. North America Smart Motor Market 2015-2024 ($ Million)
12. Europe Smart Motor Market 2015-2024 ($ Million)
13. Asia Pacific Smart Motor Market 2015-2024 ($ Million)
14. Rest Of World Smart Motor Market 2015-2024 ($ Million)
15. North America Smart Motor Market By Application 2015-2024 ($ Million)
16. Europe Smart Motor Market By Application 2015-2024 ($ Million)
17. Asia Pacific Smart Motor Market By Application 2015-2024 ($ Million)
18. Rest Of World Smart Motor Market By Application 2015-2024 ($ Million)
19. North America Smart Motor Market By Component 2015-2024 ($ Million)
20. Europe Smart Motor Market By Component 2015-2024 ($ Million)
21. Asia Pacific Smart Motor Market By Component 2015-2024 ($ Million)
22. Rest Of World Smart Motor Market By Component 2015-2024 ($ Million)
23. United States Smart Motor Market By Application 2015-2024 ($ Million)
24. United States Smart Motor Market By Component 2015-2024 ($ Million)
25. United States Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
26. United States Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
27. Canada Smart Motor Market By Application 2015-2024 ($ Million)
28. Canada Smart Motor Market By Component 2015-2024 ($ Million)
29. Canada Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
30. Canada Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
31. Uk Smart Motor Market By Application 2015-2024 ($ Million)
32. Uk Smart Motor Market By Component 2015-2024 ($ Million)
33. Uk Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
34. Uk Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
35. France Smart Motor Market By Application 2015-2024 ($ Million)
36. France Smart Motor Market By Component 2015-2024 ($ Million)
37. France Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
38. France Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
39. Germany Smart Motor Market By Application 2015-2024 ($ Million)
40. Germany Smart Motor Market By Component 2015-2024 ($ Million)
41. Germany Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
42. Germany Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
43. Spain Smart Motor Market By Application 2015-2024 ($ Million)
44. Spain Smart Motor Market By Component 2015-2024 ($ Million)
45. Spain Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
46. Spain Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
47. Roe Smart Motor Market By Application 2015-2024 ($ Million)
48. Roe Smart Motor Market By Component 2015-2024 ($ Million)
49. Roe Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
50. Roe Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
51. China Smart Motor Market By Application 2015-2024 ($ Million)
52. China Smart Motor Market By Component 2015-2024 ($ Million)
53. China Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
54. China Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
55. India Smart Motor Market By Application 2015-2024 ($ Million)
56. India Smart Motor Market By Component 2015-2024 ($ Million)
57. India Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
58. India Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
59. Japan Smart Motor Market By Application 2015-2024 ($ Million)
60. Japan Smart Motor Market By Component 2015-2024 ($ Million)
61. Japan Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
62. Japan Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
63. Australia Smart Motor Market By Application 2015-2024 ($ Million)
64. Australia Smart Motor Market By Component 2015-2024 ($ Million)
65. Australia Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
66. Australia Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
67. Roapac Smart Motor Market By Application 2015-2024 ($ Million)
68. Roapac Smart Motor Market By Component 2015-2024 ($ Million)
69. Roapac Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
70. Roapac Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
71. Latin America Smart Motor Market By Application 2015-2024 ($ Million)
72. Latin America Smart Motor Market By Component 2015-2024 ($ Million)
73. Latin America Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
74. Latin America Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)
75. Mena Smart Motor Market By Application 2015-2024 ($ Million)
76. Mena Smart Motor Market By Component 2015-2024 ($ Million)
77. Mena Smart Motor Market By Variable Speed Drive 2015-2024 ($ Million)
78. Mena Smart Motor Market By Intelligent Motor Control Center 2015-2024 ($ Million)

List Of Figures:
1. Global Industrial Market 2015-2024 ($ Million)
2. Global Commercial Market By Geography 2015-2024 ($ Million)
3. Global Consumer Electronics Market 2015-2024 ($ Million)
4. Global Automotive Market 2015-2024 ($ Million)
5. Global Aerospace & Defense Market 2015-2024 ($ Million)
6. Global Smart Motor Market By Component 2015-2024 ($ Million)
7. Global Variable Speed Drive Type Market By Geography 2015-2024 ($ Million)
8. Global Intelligent Motor Control Center Market By Geography 2015-2024 ($ Million)
9. Global Motor Market By Geography 2015-2024 ($ Million)
10. United States (U.S.) Smart Motor Market 2015-2024 ($ Million)
11. Canada Smart Motor Market 2015-2024 ($ Million)
12. United Kingdom (Uk) Smart Motor Market 2015-2024 ($ Million)
13. France Smart Motor Market 2015-2024 ($ Million)
14. Germany Smart Motor Market 2015-2024 ($ Million)
15. Spain Smart Motor Market 2015-2024 ($ Million)
16. Roe Smart Motor Market 2015-2024 ($ Million)
17. China Smart Motor Market 2015-2024 ($ Million)
18. India Smart Motor Market 2015-2024 ($ Million)
19. Japan Smart Motor Market 2015-2024 ($ Million)
20. Korea Smart Motor Market 2015-2024 ($ Million)
21. Roapac Smart Motor Market 2015-2024 ($ Million)
22. Latin America Smart Motor Market 2015-2024 ($ Million)
23. Mena Smart Motor Market 2015-2024 ($ Million)

Note: Product cover images may vary from those shown
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4 of 4
  • ABB Ltd.
  • EBM - Papst Group
  • Fuji Electric Co. Ltd.
  • General Electric
  • Lenze Group
  • MDC Vacuum Products Llc
  • Moog, Inc.
  • Robeteq, Inc.
  • Robotshop, Inc.
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
  • Technosoft SA
  • Teknatool International Ltd
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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