PUBLISHER: KBV Research | PRODUCT CODE: 1450703
PUBLISHER: KBV Research | PRODUCT CODE: 1450703
North America Smart Motors Market Size, Share & Trends Analysis Report By End-use (Industrial, Automotive, Consumer Electronics, Aerospace & Defense, and Others), By Product, By Country and Growth Forecast, 2023 - 2030
The North America Smart Motors Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030).
Smart motors play a crucial role in industrial automation systems, powering machinery, conveyors, robotic arms, and other equipment essential for manufacturing processes. They provide precise control over motion, speed, and torque, enabling efficient production, improved accuracy, and increased productivity on assembly lines and manufacturing floors. Heating, ventilation, and air conditioning (HVAC) systems in commercial and residential buildings utilize smart motors for efficient operation and energy management. It enables variable speed control, allowing HVAC systems to adjust airflow and temperature levels based on real-time demand, environmental conditions, and occupancy patterns, resulting in energy savings and enhanced comfort.
Additionally, wind turbines and solar panels leverage smart motors for precise tracking, positioning, and orientation control to maximize energy harvesting from renewable sources. It enables solar trackers to follow the sun's movement throughout the day, optimizing solar panel efficiency. At the same time, wind turbines use smart motors to adjust blade pitch and rotor speed for optimal energy production in varying wind conditions. Furthermore, they are being incorporated into vacuum cleaners, refrigerators, dishwashers, and washing machines, among other home appliances, to provide increased performance, quieter operation, and energy economy. It enables variable speed control and adaptive load balancing in appliances like washing machines, reducing energy consumption and water usage while ensuring thorough cleaning.
The growing mining sector in Mexico expands the market potential for smart motors. As mining operations expand and new projects are undertaken, there's a corresponding increase in the demand for smart motors across various applications within the mining industry. According to the International Trade Administration data, the value of Mexico's mining industry in 2022 was USD 3.3 billion. About half of Mexico's mining production consists of extracting precious metals, with the remaining output composed of 40 percent non-ferrous, six percent metallurgy, and seven percent non-metallic ores. In 2022, mining production reached USD 16.16 billion. In conclusion, the expansion of the mining sector and rising investments in the healthcare sector is propelling the market growth in the region.
The US market dominated the North America Smart Motors Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $695.5 Million by 2030. The Canada market is experiencing a CAGR of 8.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.5% during (2023 - 2030).
Based on End-use, the market is segmented into Industrial, Automotive, Consumer Electronics, Aerospace & Defense, and Others. Based on Product, the market is segmented into 24V, 48V & above, 18V, and 36V. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Rockwell Automation, Inc.
- Moog, Inc.
- Fuji Electric Co. Ltd.
- ABB Ltd.
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Dunkermotoren GmbH (Ametek, Inc.)
- RobotShop Inc.
- Roboteq, Inc. (Nidec Motor Corporation)
North America Smart Motors Market Report Segmentation
By End-use
- Industrial
- Automotive
- Consumer Electronics
- Aerospace & Defense
- Others
By Product
- 24V
- 48V & above
- 18V
- 36V
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Smart Motors Market, by End-use
- 1.4.2North America Smart Motors Market, by Product
- 1.4.3North America Smart Motors Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.North America Smart Motors Market, by End-use
- 4.1North America Industrial Market, by Country
- 4.2North America Automotive Market, by Country
- 4.3North America Consumer Electronics Market, by Country
- 4.4North America Aerospace & Defense Market, by Country
- 4.5North America Others Market, by Country
Chapter 5.North America Smart Motors Market, by Product
- 5.1North America 24V Market, by Country
- 5.2North America 48V & above Market, by Country
- 5.3North America 18V Market, by Country
- 5.4North America 36V Market, by Country
Chapter 6.North America Smart Motors Market, by Country
- 6.1US Smart Motors Market
- 6.1.1US Smart Motors Market, by End-use
- 6.1.2US Smart Motors Market, by Product
- 6.2Canada Smart Motors Market
- 6.2.1Canada Smart Motors Market, by End-use
- 6.2.2Canada Smart Motors Market, by Product
- 6.3Mexico Smart Motors Market
- 6.3.1Mexico Smart Motors Market, by End-use
- 6.3.2Mexico Smart Motors Market, by Product
- 6.4Rest of North America Smart Motors Market
- 6.4.1Rest of North America Smart Motors Market, by End-use
- 6.4.2Rest of North America Smart Motors Market, by Product
Chapter 7.Company Profiles
- 7.1Rockwell Automation, Inc.
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5Recent strategies and developments:
- 7.1.5.1Acquisition and Mergers:
- 7.1.6SWOT Analysis
- 7.2Moog, Inc.
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Segmental and Regional Analysis
- 7.2.4Research & Development Expense
- 7.2.5SWOT Analysis
- 7.3Fuji Electric Co. Ltd.
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.3.4Research & Development Expense
- 7.3.5SWOT Analysis
- 7.4ABB Ltd.
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Segmental and Regional Analysis
- 7.4.4Research & Development Expense
- 7.4.5SWOT Analysis
- 7.5Siemens AG
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Research & Development Expense
- 7.5.5SWOT Analysis
- 7.6Schneider Electric SE
- 7.6.1Company Overview
- 7.6.2Financial Analysis
- 7.6.3Segmental and Regional Analysis
- 7.6.4Research & Development Expense
- 7.6.5SWOT Analysis
- 7.7General Electric Company
- 7.7.1Company Overview
- 7.7.2Financial Analysis
- 7.7.3Segmental and Regional Analysis
- 7.7.4Research & Development Expense
- 7.7.5SWOT Analysis
- 7.8Dunkermotoren GmbH (Ametek, Inc.)
- 7.8.1Company Overview
- 7.8.2Financial Analysis
- 7.8.3Segmental and Regional Analysis
- 7.8.4Research & Development Expenses
- 7.8.5SWOT Analysis
- 7.9RobotShop Inc.
- 7.9.1Company Overview
- 7.9.2SWOT Analysis
- 7.10.Roboteq, Inc. (Nidec Motor Corporation)
- 7.10.1Company Overview
- 7.10.2SWOT Analysis
LIST OF TABLES
- TABLE 1North America Smart Motors Market, 2019 - 2022, USD Million
- TABLE 2North America Smart Motors Market, 2023 - 2030, USD Million
- TABLE 3North America Smart Motors Market, by End-use, 2019 - 2022, USD Million
- TABLE 4North America Smart Motors Market, by End-use, 2023 - 2030, USD Million
- TABLE 5North America Industrial Market, by Country, 2019 - 2022, USD Million
- TABLE 6North America Industrial Market, by Country, 2023 - 2030, USD Million
- TABLE 7North America Automotive Market, by Country, 2019 - 2022, USD Million
- TABLE 8North America Automotive Market, by Country, 2023 - 2030, USD Million
- TABLE 9North America Consumer Electronics Market, by Country, 2019 - 2022, USD Million
- TABLE 10North America Consumer Electronics Market, by Country, 2023 - 2030, USD Million
- TABLE 11North America Aerospace & Defense Market, by Country, 2019 - 2022, USD Million
- TABLE 12North America Aerospace & Defense Market, by Country, 2023 - 2030, USD Million
- TABLE 13North America Others Market, by Country, 2019 - 2022, USD Million
- TABLE 14North America Others Market, by Country, 2023 - 2030, USD Million
- TABLE 15North America Smart Motors Market, by Product, 2019 - 2022, USD Million
- TABLE 16North America Smart Motors Market, by Product, 2023 - 2030, USD Million
- TABLE 17North America 24V Market, by Country, 2019 - 2022, USD Million
- TABLE 18North America 24V Market, by Country, 2023 - 2030, USD Million
- TABLE 19North America 48V & above Market, by Country, 2019 - 2022, USD Million
- TABLE 20North America 48V & above Market, by Country, 2023 - 2030, USD Million
- TABLE 21North America 18V Market, by Country, 2019 - 2022, USD Million
- TABLE 22North America 18V Market, by Country, 2023 - 2030, USD Million
- TABLE 23North America 36V Market, by Country, 2019 - 2022, USD Million
- TABLE 24North America 36V Market, by Country, 2023 - 2030, USD Million
- TABLE 25North America Smart Motors Market, by Country, 2019 - 2022, USD Million
- TABLE 26North America Smart Motors Market, by Country, 2023 - 2030, USD Million
- TABLE 27US Smart Motors Market, 2019 - 2022, USD Million
- TABLE 28US Smart Motors Market, 2023 - 2030, USD Million
- TABLE 29US Smart Motors Market, by End-use, 2019 - 2022, USD Million
- TABLE 30US Smart Motors Market, by End-use, 2023 - 2030, USD Million
- TABLE 31US Smart Motors Market, by Product, 2019 - 2022, USD Million
- TABLE 32US Smart Motors Market, by Product, 2023 - 2030, USD Million
- TABLE 33Canada Smart Motors Market, 2019 - 2022, USD Million
- TABLE 34Canada Smart Motors Market, 2023 - 2030, USD Million
- TABLE 35Canada Smart Motors Market, by End-use, 2019 - 2022, USD Million
- TABLE 36Canada Smart Motors Market, by End-use, 2023 - 2030, USD Million
- TABLE 37Canada Smart Motors Market, by Product, 2019 - 2022, USD Million
- TABLE 38Canada Smart Motors Market, by Product, 2023 - 2030, USD Million
- TABLE 39Mexico Smart Motors Market, 2019 - 2022, USD Million
- TABLE 40Mexico Smart Motors Market, 2023 - 2030, USD Million
- TABLE 41Mexico Smart Motors Market, by End-use, 2019 - 2022, USD Million
- TABLE 42Mexico Smart Motors Market, by End-use, 2023 - 2030, USD Million
- TABLE 43Mexico Smart Motors Market, by Product, 2019 - 2022, USD Million
- TABLE 44Mexico Smart Motors Market, by Product, 2023 - 2030, USD Million
- TABLE 45Rest of North America Smart Motors Market, 2019 - 2022, USD Million
- TABLE 46Rest of North America Smart Motors Market, 2023 - 2030, USD Million
- TABLE 47Rest of North America Smart Motors Market, by End-use, 2019 - 2022, USD Million
- TABLE 48Rest of North America Smart Motors Market, by End-use, 2023 - 2030, USD Million
- TABLE 49Rest of North America Smart Motors Market, by Product, 2019 - 2022, USD Million
- TABLE 50Rest of North America Smart Motors Market, by Product, 2023 - 2030, USD Million
- TABLE 51Key Information - Rockwell Automation, Inc.
- TABLE 52key information - Moog, Inc.
- TABLE 53Key Information - Fuji Electric Co., Ltd.
- TABLE 54Key Information - ABB Ltd.
- TABLE 55Key Information - Siemens AG
- TABLE 56Key Information - Schneider Electric SE
- TABLE 57Key Information - General Electric Company
- TABLE 58Key Information - Dunkermotoren GmbH
- TABLE 59Key Information - RobotShop Inc.
- TABLE 60Key Information - Roboteq, Inc.
