Albany, NY -- (SBWIRE) -- 01/04/2019 -- Industrial smart motors are becoming an integral part of industrial automation and robotic applications as they consume less energy than traditional motors and therefore are more efficient. Also, they offer multiple set point speeds and can be easily programmed to run at any one speed setting. And depending on the type of motor, their starting torque may be adjusted from around 30% to 300% or more. Furthermore, since smart motors incorporate their own protection and control functions, the need for ancillary components in them is highly reduced. High speed and heavy load operations are specifically increasingly using smart motors to reduce power transmission leakage. Thus increase in adoption of smart motors in industrial applications such as material handling, pumps, conveyor belts, etc. is driving the industrial smart motor market across the world.

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Higher cost as compared to traditional motors is expected to affect the industrial smart motor market especially in developing economies. However, with decreasing initial cost, the adoption of smart motor is anticipated to increase during the forecast period.

The industrial smart motor market can be classified on the basis of component, industry vertical, and geography. Based on component, the industrial smart motor market can be segmented into variable speed drive, intelligent motor control center, and motor. On the basis of industry vertical, the industrial smart motor market can be classified into power & energy, manufacturing, automotive, healthcare, and others. Based on geography, the industrial smart motor market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. Asia Pacific is expected to be the most attractive region for the industrial smart motor market owing to increasing industrial automation in manufacturing industries in the region. Also, rising awareness to improve productivity of manufacturing plants through efficient and economic smart motors and incorporation of smart manufacturing practices are the major factors driving the growth of industrial smart motors market in this region.

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Prominent players operating in the industrial smart motor market include HSD SpA, Lenze GmbH & Co KG, Moog Inc., CG Power and Industrial Solutions Limited, Dunkermotoren GmbH, Nidec Corporation, Reliance Precision Limited, Rockwell Automation, Inc., Schneider Electric SE, Somfy Systems, Inc, TECHNOSOFT SA, and US Automation Inc., among others.

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