Smart Motors Market Outlook to 2020 With 6.19% CAGR Driven by Industrial Sector

The global smart motors market is expected to grow at a CAGR of 6.19% between 2015 and 2020 from $989.0 million in 2014 to $1.38 billion by 2020. The smart motors 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. A smart motor comprises open networks, distributed input and output entities, and electronic components which control the operations of the motor. The major features of smart motors include controlling the operations using microprocessor-based system wherein network technology is used to replace hardwiring. Complete report on global smart motors market spread across 131 pages, profiling 10 companies and supported with 69 tables and 44 figures is now available at .

Smart motor control ICs are used in several industrial applications such as automated machinery, industrial sewing machines, and stage lighting among others. In robotics and certain areas which require precise movements, a smart motor controller (SMC) is integrated with single-board computers and/or wireless adapters are preferred. The advantages of using smart motors such as requirement of less on-site and wiring space and the ability of the smart motors to cut costs while increasing the overall equipment effectiveness are leading to its greater demand over the conventional electric motors. In the industrial sector, smart motors are widely being used for carrying out processes such as manufacturing, testing, assembling operations, tooling processes, load controlling operations, wafer handling, web tensioning, winding, and tube cutting among others.

Smart motor devices use drivers for either forward or reverse motion. A variable speed drive is used in a smart motor as an important component to enable soft-starting and variable-speed control of processes with variable power demands. A smart motor comprises such intelligent components which possess features such as removable and interchangeable keypads. Such components drive motors quickly; they have sophisticated diagnostics which provide motor protection and network capability. A smart motor also comprises an intelligent motor controller. It enables a user to easily and efficiently manage the motor with real-time access to information related to its operation and performance. With the increasing implementation of intelligent components in an electric motor, the market for smart motors is expected to grow in the coming years. Order a copy of this report at .

The requirement of less on-site and wiring spaces by smart motors is a major factor for increasing their instalments in manufacturing plants. The concept of smart motors enables to connect hundreds of devices to single network architecture. Smart motors can measure current, voltage, and power usage at every level of the process and transfer the related data to an integrated system. Due to these factors, it acts as a cost-effective and energy-saving solution. This is one of the major factors driving the growth of the smart motor market. However, the low rate of implementation and additional considerations of the variable frequency drive (VFD) are expected to act as limitations for the growth of the smart motors market.

Major players involved in the development of smart motors market include 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.) among others. Make an Inquiry on “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 a related note, another research titled Homogenizers Market Forecast to 2021 says, the global market for homogenizers is projected to grow from USD 1.53 billion in 2016 to reach USD 1.94 billion by 2021, at an estimated CAGR of 4.92% from 2016 to 2021. Food & dairy segment is projected to grow at the highest rate during the forecast period. Asia-Pacific accounted for the largest market share in 2015. Companies like Krones AG (Germany), GEA Group (Germany), SPX Corporation (U.S.), Sonic Corporation (U.S.), Avestin Inc. (Canada), Bertoli s.r.l (Italy), FBF Italia s.r.l (Italy), Netzsch Group [Erich NETZSCH GmbH & Co. Holding KG] (Germany), PHD Technology International LLC (U.S.), Microfluidics International Corporation (U.S.), Ekato Holding GmbH (Germany), Alitec (Brazil), Simes SA (Argentina), Goma, Engineering Pvt. Ltd. (India), Milkotek-Hommak (Turkey), BOS Homogenizers B.V. (The Netherlands), Silverson Machines Inc. (U.K.)and Frymakoruma GmbH (Germany) have been profiled in this 319 pages research report available at .

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