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Home | Search Global IT News: IT News & Press Release Distribution: Smart Motors Market worth 1.38 Billion USD by 2020 (IT-NEWSWIRE.COM, April 13, 2018 ) The report "Smart Motors Market by Component (VSD, MCC, Motor), by Application (Industrial, Commercial, Automotive, Consumer Electronics, and Aerospace & Defense) and Geography - Analysis & Forecast to 2020", the global smart motors market is expected to grow from USD 989.0 Million in 2014 to USD 1.38 Billion by 2020 at a CAGR of 6.19% between 2015 and 2020. The smart motors market is expected to grow substantially because of factors such as requirement of less on-site and wiring space, and cost reduction, while increasing the overall effectiveness of the equipment. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=256166079 Browse 69 market data Tables and 44 Figures spread through 131 Pages and in-depth TOC on "Smart Motors Market" https://www.marketsandmarkets.com/Market-Reports/smart-motors-market-256166079.html Early buyers will receive 10% customization on this report. The market for motors and related peripherals is expected to grow at the highest rate during the forecast period The growth of extra peripherals such as communication buses, and mechanical and electrical components integrated in a motor are majorly responsible for this segment to hold a large market share. Considering the large application of electric motors such as servo and stepper, the overall growth of motors and its related components is the reason for this component segment to witness the fastest growth rate during the forecast period. The industrial sector accounted for the largest share of the smart motors market in 2014 Over a period of time, smart motors are expected to be widely used in various industrial plants carrying out processes such as manufacturing, testing, assembling operations, tooling processes, and load controlling operations among others because of their ability to provide energy efficiency, reduced cabling and the associated cost, and the ease of installation. These benefits are driving industries to switch from traditional motors to smart motors and in turn garnering spurring the market growth. Asia-Pacific is expected to hold the major share of the smart motor market by 2020 The Americas held the largest market in 2014, followed by Asia-Pacific and Europe. The American smart motor market is dominated by market leaders that are boosting their smart motor offerings by developing more efficient, convenient, and economic smart motors as well as broadening their distribution The implementation of smart motors in the industrial, automotive, commercial, and consumer electronics sectors of China, Japan, India, and the Rest of APAC (RoAPAC) is increasing at a substantial rate.making APAC the fastest growing smart motor market. The major companies in the global smart motor market that have been included in this report are Rockwell Automation, Inc. (U.S.), Moog, Inc. (U.S.), Fuji Electric Co. Ltd. (Japan), ABB Ltd. (Switzerland), General Electric (U.S.), Siemens AG (Germany), Schneider Electric SE (France), Technosoft SA (Switzerland), RobotShop, Inc. (Quebec), and Robeteq, Inc. (U.S.). The report describes market dynamics that include the key drivers, restraints, challenges, and opportunities with respect to the smart motor market and forecasts the market till 2020. This global report provides a detailed view of the market across component, application and region. Make an Inquiry@ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=256166079 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr.Salgarkar MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com MarketsandMarkets Mr. Rohan 1-888-600-6441 sales@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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