Global Industrial Smart Motors Market 2017-2021

Technavio’s latest market research report on the global industrial smart motors market predicts the market to grow to USD 713.6 million by 2021. This industry research report also presents a competitive analysis of the market by type (AC brushless smart motor, AC induction smart motor, DC brushless smart motor, and DC stepper smart motor), end- user (automotive industry, oil and gas, petrochemical industry, aerospace and defense industry, metals and minerals industry, and others), and by geography (the Americas, APAC, and EMEA). This industry research report identifies HSD, Lenze, Moog, Servotronix Motion Control, and TECHNOSOFT as the key vendors in the global industrial smart motors market.

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Overview of the global industrial smart motors market

Research analysis on the global industrial smart motors market identifies the increasing preference for energy-efficient motors as one of the major factors that will have a positive impact on the growth of the market. Smart motors are mainly utilized for heavy loads and high-speed operations to remove power transmission leakages. The industrial smart motors, are applied in variable speed drive systems and help in retaining the efficiency and increasing productivity and also help in cost savings. Such advantages will increase the demand for these motors, which will subsequently fuel the market’s growth prospects. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.

In terms of geography, EMEA will contribute to the major shares of the market due to the growth of the automotive, food and beverages, aerospace and defense, and textile industries. Factors such as the manufacture of new machines with smart motor drives and the adoption of latest industrial smart motors for end-user applications, will drive the growth of the industrial smart motors market in this segment. Additionally, the increasing manufacturing industries in regions such as Western Europe and the Middle East will also propel the market’s growth in this segment.

Competitive landscape and key vendors

The market has the presence of a considerable number of vendors and is competitive. The vendors in this market mainly compete based on factor such as product features, applications, and customized solutions. The growing demand for integrated and intelligent motors and the focus of the end-user industries towards replacing motors will provide growth opportunities for vendors in this market space.

The leading vendors in the market are -

• HSD
• Lenze
• Moog
• Servotronix Motion Control
• TECHNOSOFT

The other prominent vendors in the market are Bosch Rexroth, Delta Electronics, Festo Group, Fuji Electric, General Electric, MISUMI, MOONS', Motion Control Products, NIDEC MOTORS & ACTUATORS, Olympus Controls, Rockwell Automation, Sastra Robotics, Schneider Electric, SMART ELECTRIC, SmartMotorDevices OÜ, Sonceboz, and Striatech.

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Segmentation by type and analysis of the industrial smart motors market

• AC brushless smart motor
• AC induction smart motor
• DC brushless smart motor
• DC stepper smart motor

During 2016, the AC brushless smart motor segment accounted for the major shares of this market. The adoption of AC brushless smart motors helps in increasing the productivity and reduce downtime. Additionally, the adoption of smart motors also enables the remote monitoring and control of functions which significantly aids the growth of the oil and gas, petrochemical, aerospace and defense, and automotive industries.

Segmentation by end-user and analysis of the industrial smart motors market

• Automotive industry
• Oil and gas, petrochemical industry
• Aerospace and defense industry
• Metals and minerals industry

The automotive industry will be major end-user to the industrial smart motors market. This is mainly due to the increasing adoption of these motors by the Asian automotive manufacturers. The rise in the adoption of industrial automation and robotics applications in the automotive industry and the adoption of smart motors in the production and implementation of heavy duty equipment, will also fuel the market’s growth in this end-user segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial smart motors market?
• What are the key market trends impacting the growth of the global industrial smart motors market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial smart motors market?
• What are the market opportunities and threats faced by the vendors in the global industrial smart motors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial smart motors market?

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