from web site
Market Overview
Smart motors market was valued at USD 943.14 million in 2023 and is projected to reach USD 1471.71 million by 2030, growing at a CAGR of 6.96% from 2024 to 2030. These motors, integrated with sensors, processors, and connectivity features, play a crucial role in industrial automation, energy efficiency, and digital transformation across industries.
Top 10 Companies in Smart Motors Market
Nidec Motors
ABB
Bosch Rexroth
Siemens
MOOG
MOONS' Industries
Schneider Electric
OMRON
Leadshine
MinebeaMitsumi
By Type
Smart Servo Motor
Smart Stepper Motor
Others
By Application
Industrial Robots
Machine Tools
Aerospace and Defense
Automotive
Electronic Equipment
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America: U.S., Canada, Mexico
Asia-Pacific: China, Japan, South Korea, Southeast Asia, India
Europe: Germany, France, UK, Italy, Benelux, Rest of Europe
South America: Brazil, Rest of South America
Drivers
Restraints
Opportunities
Challenges
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