Asia-Pacific to Be the Fastest Growing Market for Smart Motors Worth 1.38 Billion USD by 2020

Industrial, commercial, automotive, consumer electronics, and aerospace & defense sectors are applications areas of smart motors.


Pune, India -- (SBWIRE) -- 09/08/2016 -- The industrial sector is expected to be the fastest-growing market for smart motors, during the forecast period. Smart motors and related components such as variable speed drives and control ICs are used in several industrial applications such as automated machinery, industrial sewing machines, and stage lighting among others. This proves to be a driving factor for the market to grow in the industrial sector.

Browse 69 market data Tables and 44 Figures spread through 131 Pages and in-depth TOC on "Smart Motors Market - Analysis & Forecast to 2020"

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The Americas held the largest market in 2014, followed by Asia-Pacific and Europe. The American smart motor market is dominated by market leaders that are boosting their smart motor offerings by developing more efficient, convenient, and economic smart motors as well as broadening their distribution The implementation of smart motors in the industrial, automotive, commercial, and consumer electronics sectors of China, Japan, India, and the Rest of APAC (RoAPAC) is increasing at a substantial rate.making APAC the fastest growing smart motor market.

The global smart motors market is highly competitive and fragmented with a number of global and local players offering smart motors and related components for various applications and regions. Since the past few years, the market has been growing at a considerable rate due to the increase in the demand for energy-efficient and cost-effective electric motors. 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), Technosoft SA (Switzerland), RobotShop, Inc. (Quebec), and Robeteq, Inc. (U.S.) are some of the major companies in the smart motors market.

The key smart motor providers in Europe and North America led the global smart motors market in 2014. These companies have been expanding their offerings worldwide, especially focusing on the key markets in Asia-Pacific and RoW. They successfully launched new series of smart motors. The major companies adopted various strategies such as mergers and acquisitions, partnerships, agreements, collaborations, new product launches, capacity expansions, and joint ventures to expand their global presence and increase the market share.

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Industrial, commercial, automotive, consumer electronics, and aerospace & defense comprised the major application sectors of smart motors in 2014. The market in the industrial sector is expected to grow at a significant rate during the forecast period. Rockwell Automation, Inc. (U.S.) and Moog Animatics (U.S.) led the smart motors market in 2014 and this trend is expected to continue till 2020.

Rockwell Automation, Inc. (U.S.) is one of the major suppliers of smart motors and related components in the world. New product launches and developments are likely to help the company retain its leading position in the smart motors market. The company offer smart motors and related components under its control products and solutions business segment. The company has progressively launched smart motor products under its Allen Bradley brand in the past three years. Since it has a remarkable presence in various regions of the world such as APAC, the Americas, and EMEA, the company is expected to continue being a leader in the smart motors market.

Moog Animatics (U.S.) is another major player in the smart motors market. The company operates as a subsidiary to Moog, Inc. (U.S.). With the help of the global presence of its parent company, Moog Animatics has a benefit of supplying its smart motor components and products to many parts of the world. The company provides a wide range of smart motors under its 1700, 2300, and 3400 series.

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