Title: Smart Motor Market
1Smart Motor Market Forecast (2022 -
2027)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2022-2027
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- Smart Motor Market size is analyzed to grow at a
CAGR of 6.2 during the forecast period 2022-2027
to reach 3.5 billion by 2027. - Smart motors enable predictive machine
diagnostics, resulting in less downtime due to
process improvement. Organizations worldwide are
primarily focusing on lowering CAPEX by
implementing energy-efficient solutions in their
systems. - Increased adoption of electric vehicles due to
benefits such as low maintenance compared to
internal combustion vehicles and emission-free
mobility will positively impact the growth of the
smart motors market in the transportation sector.
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- Key Takeaways
- In 2021, 24V accounted for the largest product
segment in the Smart Motor market. The 24V smart
motors are extremely reliable and powerful.
Because it contains fewer moving parts than
typical motors. - During the forecast period 2022-2027, Asia
Pacific is expected to grow at the fastest CAGR
of 8.3. Because of the growing adoption of
automation throughout the region's numerous
end-user industries, the region presents huge
development potentials to the examined market
providers.
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By Product - Segment Analysis The Smart Motor
Market has been segmented into 18V, 24V, 36V,
48.24V. In 2021, 24V accounted for the largest
segment in the Smart Motor market. A smart motor
is a device that transfers electrical energy from
a battery into rotational energy. As a result, it
necessitates less upkeep. This motor is used in
applications where high speed and low torque are
required.
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- Smart Motor Market- Competitive Landscape
- Rockwell Automation
- Moog, Inc
- Fuji Electric Co., Ltd
- ABB Ltd
- Siemens AG
- Schneider Electric SE
- General Electric
- Dunkermotoren GmbH
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- Data Tables
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