Global Smart Motors Market

Global Smart Motors Market Overview

• The Global Smart Motors Market Size is anticipated to grow from USD 2.29 Billion in 2023 to USD 4.35 Billion by 2033, growing at a CAGR of 6.63% from 2023 to 2033.
• The market growth is rising due to the emergence of industry 4.0 and continuous technological advancements along with government initiatives & strategic collaborations.
• The smart motors market refers to the industry encompassing the demand for motors equipped with built-in intelligence, advanced controlled systems, and connectivity features.
• The rising need for energy efficiency, rapid technological advancement in motor control systems, industrial automation, and adoption of electric vehicles (EV) are driving the market expansion.  

Major vendors in the global smart motors market

Rockwell Automation; Moog, Inc.; Fuji Electric Co., Ltd.; ABB Ltd.; Siemens AG; Schneider Electric SE; General Electric; Dunkermotoren GmbH; Technosoft SA; RobotShop, Inc.; Roboteq, Inc., and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the smart motors market based on the below-mentioned segments:

Global Smart Motors Market, By Product

• 18V
• 24V
• 36V
• 48V & Above

Global Smart Motors Market, By End-use

• Industrial
• Automotive
• Consumer Electronics
• Aerospace & Defense 

Global Smart Motors Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa