Global Smart Motors Market to Reach $2.1 Billion by 2030
The global market for Smart Motors estimated at US$1.5 Billion in the year 2022, is projected to reach a revised size of US$2.1 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Variable Speed Drive, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$902.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Motor Control Center segment is readjusted to a revised 4.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $434.8 Million, While China is Forecast to Grow at 4.5% CAGR
The Smart Motors market in the U.S. is estimated at US$434.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$370.1 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.Select Competitors (Total 16 Featured) -
- ABB Group
- Fuji Electric Co., Ltd.
- General Electric Company
- Moog Animatics
- Roboteq Inc.
- RobotShop inc.
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Technosoft SA
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Smart Motors - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Smart Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 2: World 8-Year Perspective for Smart Motors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
- Table 3: World Recent Past, Current & Future Analysis for Variable Speed Drive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 4: World 8-Year Perspective for Variable Speed Drive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 5: World Recent Past, Current & Future Analysis for Motor Control Center by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 6: World 8-Year Perspective for Motor Control Center by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 7: World Recent Past, Current & Future Analysis for Motor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 8: World 8-Year Perspective for Motor by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 9: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 10: World 8-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 11: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 12: World 8-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 13: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 14: World 8-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 15: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 16: World 8-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 17: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 18: World 8-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 20: World 8-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- Table 21: World Smart Motors Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Smart Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 22: USA Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 23: USA 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 24: USA Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 25: USA 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- CANADA
- Table 26: Canada Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 27: Canada 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 28: Canada Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 29: Canada 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- JAPAN
- Smart Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 30: Japan Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 31: Japan 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 32: Japan Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 33: Japan 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- CHINA
- Smart Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 34: China Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 35: China 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 36: China Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 37: China 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- EUROPE
- Smart Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 38: Europe Recent Past, Current & Future Analysis for Smart Motors by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
- Table 39: Europe 8-Year Perspective for Smart Motors by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
- Table 40: Europe Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 41: Europe 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 42: Europe Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 43: Europe 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- FRANCE
- Smart Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 44: France Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 45: France 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 46: France Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 47: France 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- GERMANY
- Smart Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 48: Germany Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 49: Germany 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 50: Germany Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 51: Germany 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- ITALY
- Table 52: Italy Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 53: Italy 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 54: Italy Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 55: Italy 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- UNITED KINGDOM
- Smart Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 56: UK Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 57: UK 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 58: UK Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 59: UK 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- REST OF EUROPE
- Table 60: Rest of Europe Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 61: Rest of Europe 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 62: Rest of Europe Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 63: Rest of Europe 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- ASIA-PACIFIC
- Smart Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 64: Asia-Pacific Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 65: Asia-Pacific 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 66: Asia-Pacific Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 67: Asia-Pacific 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
- REST OF WORLD
- Table 68: Rest of World Recent Past, Current & Future Analysis for Smart Motors by Component - Variable Speed Drive, Motor Control Center and Motor - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 69: Rest of World 8-Year Perspective for Smart Motors by Component - Percentage Breakdown of Value Sales for Variable Speed Drive, Motor Control Center and Motor for the Years 2023 & 2030
- Table 70: Rest of World Recent Past, Current & Future Analysis for Smart Motors by Application - Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
- Table 71: Rest of World 8-Year Perspective for Smart Motors by Application - Percentage Breakdown of Value Sales for Industrial, Commercial, Automotive, Consumer Electronics, Aerospace & Defense and Other Applications for the Years 2023 & 2030
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Fuji Electric Co., Ltd.
- General Electric Company
- Moog Animatics
- Roboteq Inc.
- RobotShop inc.
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Technosoft SA
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 181 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.5 Billion |
Forecasted Market Value ( USD | $ 2.1 Billion |
Compound Annual Growth Rate | 4.3% |
Regions Covered | Global |