Industrial Smart Motors Market – Drivers and Forecasts by Technavio

LONDON–(BUSINESS WIRE)–#AutomationTechnavio
analysts forecast the global
industrial smart motors market
to grow at a CAGR of over 6%
during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of
the global industrial
smart motors
market for 2017-2021. Technavio presents
a detailed picture of the market by way of study, synthesis, and
summation of data from multiple sources.

The global industrial smart motors market is projected to have a growing
market size during the forecast period. The market is expected to
flourish in growing business areas in South East Asia, the Middle East,
and Latin America. These regions are expected to offer significant
potential for the growth of industrial automation with the incorporation
of the latest machinery in industries, which will eventually facilitate
a positive growth for industrial smart motors vendors.

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Technavio analysts highlight the following three factors that are
contributing to the growth of the global industrial smart motors market:

  • Rise in demand for energy-efficient motors
  • Use of smart motors reduce incorporation of PLCs or other controllers
    in systems
  • Growing adoption of industrial smart systems in APAC

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Rise in demand for energy-efficient motors

Industrial smart motors, when incorporated in industries, provide higher
efficiency to industrial applications, which are controlled by
variable-speed drives. In an average, industrial smart motors in
industrial automation and robotics applications consume less energy than
the traditional industrial motors. The efficiency of industrial smart
motors is 50% higher than that of traditional industrial motors.

Raghav Bharadwaj Sivaswamy, a lead automation
research analyst at Technavio, says, “Heavy-load and high-speed
operations are using smart motors to eliminate the leakage of power
transmission. The development in simplifying the motor design along with
the reduction in size helps the product fit into the desired system. The
small size is largely helping industrial smart motors function

Use of smart motors reduce incorporation of PLCs or other controllers
in systems

Industrial smart motors are implemented in machines and other industrial
systems to reduce machine complexity. This is because smart motors can
function as distributed I/O points. Industrial smart motors are used
because of their advantages such as minimal space use, and less
installation and system cost. Smart motors have fewer parts that provide
longer service life and facilitate less downtime.

“Appropriate industrial smart motors will facilitate smooth processes
and extend the lifespan of machinery. Most of the end-user industries do
not follow proper maintenance procedures with traditional industrial
motors, to reduce maintenance costs, which may lead to machine
breakdown. However, smart motors themselves require minimal maintenance
adds Raghav.

Growing adoption of industrial smart systems in APAC

At present, the Americas is the global leader next to EMEA in the global
industrial smart motors market production. The Americas accounted for
over 34% of the market share in 2016. However, at present, the adoption
rate of industrial smart systems in APAC is low compared with other
geographical regions, and the market is predicted to grow rapidly at a
CAGR of 6.89% during the forecast period.

The development of motor-integrated drive system and increasing growth
in smart manufacturing activities are supporting the expansion of the
industrial smart motors market in APAC. The development of the
industries such as automotive, oil and gas, petrochemical, and aerospace
is contributing to the rise in the adoption of industrial smart motors
in APAC.

Top vendors:

  • HSD
  • Lenze
  • Moog
  • Servotronix Motion Control

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