Smart Motor Market - By Voltage (Upto 18V, 19V-24V, 25V-36V, 48V & Above), By Industry Verticals (Industrial, Automotive, Aerospace & Defense, Energy & Utilities, Consumer Electronics, Healthcare) & Forecast, 2024 - 2032

Smart motors market size will grow at over 6.5% CAGR from 2024 to 2032 due to an emphasis on energy efficiency and sustainability. According to SE for All, SDG 7.3 aims to double the global rate of improvement in energy efficiency by 2030. As awareness of environmental issues grows worldwide and the need to reduce carbon dioxide emissions, industries are prioritizing the adoption of energy-efficient solutions. Equipped with advanced technologies such as cruise control and intelligent control systems, intelligent engines offer significant improvements in energy efficiency compared to conventional engines. By optimizing energy use and minimizing waste, smart motors not only help businesses reduce operating costs but also contribute to sustainability goals by reducing their carbon footprint.

A significant market trend is the shift to outsourcing specialized functions. Companies have decided to outsource some tasks related to the deployment and maintenance of smart engines. This strategic shift allows companies to leverage expertise, scalability, and cost efficiency while focusing on their core business. Outsourcing specialized functions also ensures compliance with evolving regulations and standards, reduces risks, and makes operations more efficient. As the sophistication of smart motor technologies increases, the outsourcing trend will grow further, driving market growth and innovation.

The Smart Motor industry is classified based on voltage, industry, and region.

The 25V-36V class segment will continue to grow through 2032, as smart motors operating in this voltage range offer a balanced combination of power and precision, making them ideal for various applications in various industries. From small machines to medium-duty industrial equipment, intelligent 25V to 36V motors ensure optimal performance while reducing energy consumption and running costs. As the industry prioritizes energy efficiency and sustainability, the demand for smart motors is expected to grow strongly in this voltage segment, which will drive automation and industrial processes.

The energy and utilities segment will grow rapidly through 2032 as smart motors help improve efficiency, reliability, and sustainability. These motors are used in many applications, including pumps, compressors, and fans, and electrical infrastructure and processes essential for energy production and distribution. Using advanced sensor technology and predictive analytics, smart motors enable predictive maintenance, reduce downtime, and optimize energy consumption. In addition, the integration of smart grid technologies further improves the efficiency of energy distribution systems, leading to cost savings and environmental sustainability.

Europe Smart Motor industry will expand at an unprecedented rate through 2032 due to strict regulations, energy efficiency initiatives, and technological advances. Countries like Germany, France, and the UK are at the forefront of this digital transformation and are leading the way in modernizing their manufacturing and industrial sectors. With an emphasis on sustainability and innovation, European industry is increasingly moving towards intelligent engine solutions to improve its competitiveness and reduce environmental impact. In addition, government incentives and funding programs continue to encourage the adoption of smart motor technology, creating a favorable environment for market growth.