DUBLIN, November 30, 2021--(BUSINESS WIRE)--The "Global Smart Motors Market Size By Type, By Application, By Geographic Scope And Forecast" report has been added to ResearchAndMarkets.com's offering.
The global smart motors market size was valued at USD 1.74 Billion in 2020 and is projected to reach USD 2.75 Billion by 2028, growing at a CAGR of 6.27% from 2021 to 2028.
Fuji Electric Co. Ltd.
Schneider Electric SE
RobotShop Inc Robeteq Inc.
The Smart Motors Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Smart Motors Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Smart motors consist of sensors, motion controllers, and variable frequency drives. The smart motor sensor is a connected sensing module that monitors the health and status of low-voltage motors in real-time. Also, it relies on vibration, temperature, and magnetic field sensing to identify critical motor faults that enables predictive maintenance so that failure and downtime can be prevented.
This report provides an all-inclusive environment of the analysis for the Smart Motors Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Smart Motors Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter's Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Smart Motors Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Smart Motors Market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Outlook
4.1 Global Smart Motors Market Outlook
4.2 Market Drivers
4.2.1 Growing Demand for Energy Efficient Solutions in End-Use Industries
4.2.1 Rising Adoption of Smart Motors is Electric Vehicles
4.3 Market Restraints
4.3.1 High Capital Investment
4.3.2 Low Rate of Implementation
4.4 Market Opportunities
4.4.1 Increasing Application Areas of Smart Motors
4.4.2 Growing Integration of IoT Services for Enabling Services (Predictive Maintenance, Superior Machine Control)
4.1 Covid-19 Impact on Smart Motors Market
4.2 Porter Five Forces Analysis of Smart Motors
5 Market, by Product
5.5 48V and Above
6 Market, by Application
6.4 Aerospace and Defense
6.5 Consumer Electronics
7 Market, by Geography
7.2 North America
7.3.4 Rest of Europe
7.4.4 Rest of Asia-Pacific
7.5.1 Middle East and Africa
7.5.2 Latin America
8 Competitive Landscape
8.2 Key Development Strategies
8.3 Company Market Ranking Analysis,
9 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/3yetk8.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005968/en/
Laura Wood, Senior Press Manager
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