Global $1.8Bn Industrial Smart Motors Market by Offering, End-user and Industry Vertical (2018-2025) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 16, 2019--The “Industrial Smart Motors Market by Offering, End User, and Market Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The industrial smart motors market was valued at $1,207.86 million in 2017 and is expected to reach $1,809.11 million by 2025, registering a CAGR of 5.28% from 2018 to 2025. Asia-Pacific dominated the industrial smart motors market accounting for around two-fifths share of the total revenue by region.
Smart motors have witnessed a rise in their scope of application across different industry verticals due to integration of sensors, microprocessor chips, and software programs. For instance, they find application in discrete automation, materials handling, industrial machineries & equipment, smart manufacturing, and mechanical power transmission-based equipment among others.
As a result, the industrial smart motors have gained traction in the recent years and are expected to provide numerous profitable opportunities for the manufacturers during the forecast period.
Select FindingsIn terms of market share, the pumps segment generated around one-fifth of the total revenue in 2017 and is expected to grow at a CAGR of 5.11% during the forecast period. The automotive industry segment is anticipated to grow at a CAGR of 5.13% from 2018 to 2025 and reach $457.34 million by 2025. Asia-Pacific is expected to witness high CAGR growth of 5.49% from 2018 to 2025. The key players in the global industrial smart motors market are focusing on new product development to gain a strong foothold in the market.
Key PlayersCG Dunkermotoren HSD Nidec Corporation Reliance Precision Rockwell Automation Schneider Electric Somfy Systems Technosoft USAutomation
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Industrial Smart Motors Market, by Offerings
Chapter 5: Industrial Smart Motors Market, by End-user
Chapter 6: Industrial Smart Motors Market, by Industry Vertical
Chapter 7: Industrial Smart Motors Market, by Region
Chapter 8: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/s7k7qp/global_1_8bn?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190116005363/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/16/2019 06:49 AM/DISC: 01/16/2019 06:49 AM