Global Motor Management Market, By Product (Hardware, Software & Solution Services), Type (Asynchronous Motors, Synchronous Motors), Control (Automatic Controls, Semi-Automatic Controls, Manual Controls), Voltage Range (Low Voltage, Medium Voltage, High Voltage), Application (Pumps, Compressors, Material Handling, Others), End-Use Industry (Metals & Mining, Oil & Gas, Power Generation, Water & Wastewater, Food & Beverages, Agriculture, Chemicals & Petrochemicals, Cement, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Motor Management Market Analysis and Insights
Motor management market will reach at an estimated value of USD 5.81 billion and grow at a CAGR of 6.08% in the forecast period of 2021 to 2028. Rising demand for smart, multifunctional, integrated motor control and protection devices is an essential factor driving the motor management market.
Motor management can be defined as the process of organising the motors and machineries present in a factory. This process of technology integrates the hardware of motors with modernised digital software solutions making it manageable through these systems. These machines are connected to a common control point, where they are tasked with different operating and stop cycle. This process offers significant energy savings and also informs the user regarding the requirement of maintenance of machines.
Increasing need for reducing unplanned industrial downtime is a crucial factor accelerating the market growth, also growing demand for reducing unplanned industrial downtime, increasing focus on advancing the efficiency of motor-driven equipment and preventive maintenance to avoid unplanned downtime, increasing environmental regulations hovering around the carbon emissions from generator sets and increased demands for enhanced power productivity are the major factors among others boosting the motor management market. Moreover, rising adoption of industrial automation, rising improvement in the software to create new possibilities and increasing advancements and modernization in the management techniques will further create new opportunities for motor management market in the forecast period mentioned above.
However, rising lack of awareness regarding motor management and control devices, decreasing greenfield investments in the oil and gas industry and rising dominance of conventional motor management and controllers are the major factors among others restraining the market growth, and will further challenge the motor management market in the forecast period mentioned above.
This motor management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on motor management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Motor Management Market Scope and Market Size
Motor management market is segmented on the basis of product, type, control, voltage range, application and end-use industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, motor management market is segmented into hardware and software & solution services.
- Based on type, the motor management market is segmented into asynchronous motors and synchronous motors.
- Based on control, motor management market is segmented into automatic controls, semi-automatic controls and manual controls.
- Based on voltage range, motor management market is segmented into low voltage, medium voltage and high voltage.
- Based on application, motor management market is segmented into pumps, compressors, material handling and others.
- The motor management market is also segmented on the basis of end-user industry into metals & mining, oil & gas, power generation, water & wastewater, food & beverages, agriculture, chemicals & petrochemicals, cement and others.
Motor Management Market Scope Country Level Analysis
Motor management market is analysed and market size, volume information is provided by country, product, type, control, voltage range, application and end-use industry as referenced above.
The countries covered in the motor management market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the motor management market due to growing demand for reducing unplanned industrial downtime and increasing focus on advancing the efficiency of motor-driven equipment and preventive maintenance to avoid unplanned downtime in this region.
The country section of the motor management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Motor Management Market Share Analysis
Motor management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to motor management market.
The major players covered in motor management market report are BARTEC, Fanox, IAR Systems, Analog Devices, Inc., LARSEN & TOUBRO LIMITED, Boston Engineering Corporation, Velmex, Inc, Texas Instruments Incorporated, Arm Limited, Bosch Rexroth AG, Mitsubishi Electric Corporation, ABB, WEG, Rockwell Automation, Inc., Nidec Motor Corporation, Fuji Electric Co., Ltd., Anaheim Automation, Inc., Eaton, Nanotec Electronic GmbH & Co KG, Renesas Electronics Corporation, GENERAL ELECTRIC, c3controls, AMETEK.Inc., Hitachi, Ltd. and Schneider Electric among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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