Smart Motors Market Growth to 2020 Driven by Industrial Sector

Jan 04, 2016, 11:45 ET from ReportsnReports

PUNE, India, January 4, 2016 /PRNewswire/ --

Industrial sector accounted for largest smart motors market application segment in 2014 and is expected to hold the largest share during the forecast period of 2015 to 2020 with rate of installations seeing rapid growth in the Americas and Asia-Pacific.

Complete report on smart motors market spread across 131 pages, analyzing 10 major companies and providing 69 tables as well as 44 figures is now available at .

The global market for smart motors is expected to grow at a CAGR of 6.19% between 2015 and 2020 from USD 989.0 million in 2014 to USD 1.38 billion by 2020. The market is expected to be driven by the growing focus on using less on-site and wiring space, and the necessity to reduce costs while increasing the overall effectiveness of the equipment. Smart motors prove to be beneficial over conventional motors as they provide energy efficiency, reduce the cabling required for installation, and allow flexible operations for the users.

The Americas and Asia-Pacific are major regional smart motor markets with The Americas seeing growth because of advanced infrastructure and various energy conservation measures adopted by the region. Asia-Pacific accounted for the second-largest market share in 2014 and is expected to surpass the American smart motors market by 2018. Consumer electronics, semiconductor, and manufacturing industries in China, India, and Japan prefer smart motors for low-power applications, over other conventional motors. With the increase in the demand for smart motors in these countries, Asia-Pacific is estimated to be the fastest-growing market for smart motors.

The report profiles key players in the smart motors market with their respective market share analysis. The prominent players profiled in this report are Rockwell Automation, Inc. (U.S.), Moog, Inc. (U.S.), Fuji Electric Co. Ltd. (Japan), ABB Ltd. (Switzerland), General Electric (U.S.), Siemens AG (Germany), Schneider Electric SE (France), Techno soft SA (Switzerland), Robot Shop, Inc. (Quebec), and Robeteq, Inc. (U.S.). Order a copy of Smart Motors Market by Component (VSD, MCC, Motor), by Application (Industrial, Commercial, Automotive, Consumer Electronics, and Aerospace & Defense) and Geography - Analysis & Forecast to 2020 research report at .

On similar lines, a regional study titled United States Smart Motors Industry 2015 Market Research Report is spread across 136 pages and profiles companies like Rockwell Automation, Moog, Fuji Electric, ABB, General Electric, Siemens, Schneider Electric, Technosoft, RobotShop and Robeteq. This research provides information development trends of smart motors industry for the review period of 2016 to 2021. The report supported with 160 data tables and figures is available at .

Explore more reports on semiconductors and electronics market at .

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