Global Industrial Smart Motors Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Offering;

Products and Services.

By Vertical;

Power & Energy, Manufacturing, Automotive, Healthcare, and Others.

By End User;

Pumps, Fans, Compressors, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn606416214 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Industrial Smart Motors Market (USD Million), 2021 - 2031

In the year 2024, the Global Industrial Smart Motors Market was valued at USD 1,715.96 million. The size of this market is expected to increase to USD 2,414.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5%.

The global industrial smart motors market is experiencing significant growth driven by advancements in technology and the increasing demand for energy-efficient and automated industrial processes. Smart motors integrate advanced features such as sensors, connectivity, and data analytics, enabling real-time monitoring, predictive maintenance, and enhanced control. These capabilities not only improve operational efficiency but also reduce downtime and maintenance costs, making them indispensable in various industries, including manufacturing, automotive, aerospace, and energy.

One of the primary drivers of the industrial smart motors market is the rising adoption of Industrial Internet of Things (IIoT) and Industry 4.0 technologies. These technologies facilitate seamless communication between machines and systems, allowing for more efficient and automated industrial operations. Smart motors play a crucial role in this ecosystem by providing precise control and monitoring capabilities, which are essential for optimizing production processes and achieving higher levels of automation.

Energy efficiency is another critical factor propelling the demand for industrial smart motors. Governments and regulatory bodies worldwide are implementing stringent energy efficiency standards and promoting the adoption of energy-saving technologies. Smart motors, with their ability to adjust performance based on load conditions and optimize energy consumption, are becoming a preferred choice for industries looking to comply with these regulations and reduce their carbon footprint. This trend is particularly prominent in energy-intensive sectors such as manufacturing and mining.

The market is benefiting from ongoing technological innovations and the development of advanced motor control solutions. The integration of artificial intelligence (AI) and machine learning (ML) algorithms into smart motors is enhancing their capabilities, allowing for more sophisticated predictive maintenance and operational insights. As industries continue to prioritize efficiency, sustainability, and automation, the global industrial smart motors market is poised for robust growth, supported by continuous innovation and increasing adoption across diverse industrial sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Offering
    2. Market Snapshot, By Vertical
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Industrial Smart Motors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Automation in Industries
        2. Energy Efficiency Regulations
        3. Advancements in IoT and AI
      2. Restraints
        1. High Initial Costs
        2. Complexity and Skill Requirements
        3. Cybersecurity Concerns
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Retrofit and Upgrade of Existing Systems
        3. Development of Industry 4.0
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Industrial Smart Motors Market, By Offering, 2021 - 2031 (USD Million)
      1. Products
      2. Services
    2. Global Industrial Smart Motors Market, By Vertical, 2021 - 2031 (USD Million)
      1. Power & Energy
      2. Manufacturing
      3. Automotive
      4. Healthcare
      5. Others
    3. Global Industrial Smart Motors Market, By End User, 2021 - 2031 (USD Million)
      1. Pumps
      2. Fans
      3. Compressors
      4. Others
    4. Global Industrial Smart Motors Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd.
      2. Siemens AG
      3. Schneider Electric SE
      4. Rockwell Automation, Inc.
      5. Nidec Corporation
      6. WEG Industries
      7. Emerson Electric Co.
      8. TECO Electric & Machinery Co., Ltd.
      9. General Electric Company
      10. Yaskawa Electric Corporation
  7. Analyst Views
  8. Future Outlook of the Market