Smart Motors Market Research and Forecast Report 2023-2028

1. Global Smart Motors Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Smart Motors Market Research Report: The latest report by IMARC, titled “Smart Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global smart motors market reached a value of US$ 2.7 Billion in 2022. Smart motors are mainly designed by combining advanced electronics and mechanical expertise.They are generally used for monitoring the rotation speed, angular position and the torque and acceleration applied to the output pit. Additionally, they utilize the functionality of a motor, control unit and speed controlling devicethat aids in carrying out variousmethods effectively and efficiently. Besides this, they provide a smooth deceleration and acceleration process that protects the system mechanics. In comparison to traditional motors, smart motors are more energy-efficientand provide enhanced control over internal cooling while having minimal heat loss and downtime, thus facilitating smooth functioning. Request Free Sample Report: https://www.imarcgroup.com/smart-motors-market/requestsample

4. Report Description and Highlights Report Description Global Smart Motors Market Trends: The global market is primarily driven by the increasing demand for automation in the industrial sector. This is impelled by rapid industrialization and a growingemphasis on reducing the downtime drive, along with the augmenting demand for motors with superior process control.In addition to this, an enhanced focus on sustainable development and the rising initiatives for smart city development across multiple countries are providing lucrative growthopportunitiesformarket players. Moreover, continual technological advancements, such as the manufacturing of smart motors using switched reluctance (SR) technology that reduces the need for frequent maintenance while increasing its efficiency, are positively influencing the market. Also, the introduction of smartphone-controlled smart motors, along with the widespread integration of the internet of things (IoT) withindustrial processes, are creating a positive market outlook. Furthermore, the rising requirement for adjustable speed in several industrial applications, including pumping systems and material handling, is providing a boost to the demand for smart motors. Some of the other factors driving the market growth include continuous innovations in product variants and extensive research and development (R&D) activities conducted by key players. On account of the aforementioned factors,the market is anticipated to reach a value of US$ 3.8 Billion by 2028, growing at a CAGR of 5.47% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Component: • Variable Speed Drive • Intelligent Motor Control Center • Motor Breakup by Product: • 24V • 18V • 36V • 48.24V Breakup by Application: • Automotive • Aerospace and Defense • Oil and Gas • Metal and Mining • Water and Wastewater Treatment • Others

6. Report Description and Highlights Report Description Breakup by Region: • North America • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia

7. Report Description and Highlights Report Description • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • ABB Ltd Dunkermotoren GmbH (AMETEK Inc.) Fuji Electric Co. Ltd. (Furukawa Co. Ltd.) General Electric Company Moog Inc. Nidec Corporation RobotShop Inc. Rockwell Automation Inc. Schneider Electric SE Siemens AG Technosoft SA View Full Report with TOC & List of Figure: https://www.imarcgroup.com/smart-motors-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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