DUBLIN, Jan. 5, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/d8xzn5/smart_motors) has announced the addition of the "Smart Motors Market - Analysis & Forecast to 2020 " report to their offering.
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 market is expected to grow substantially due to factors such as requirement of less on-site and wiring space, and cost reduction, while increasing the overall effectiveness of the equipment.
Industrial, commercial, automotive, consumer electronics, and aerospace & defense sectors are applications areas of smart motors. The application in the industrial sector accounted for a large share, followed by consumer electronics and commercial sectors in 2014. The industrial sector is expected to provide the highest growth potential for smart motors, followed by the commercial sector, during the forecast period.
In commercial applications such as packaged and unitary air-conditioner systems and air distribution fans, the demand for variable speed fan control is likely to increase, thus offering huge growth potential for smart motor-equipped control systems. Smart motors find a large application across chilled water system compressors because of low energy consumption.
Many organizations still lack information about measures that reduce energy usage, installation of energy-efficient solutions, information on various energy-efficiency opportunities, and the technologies for improving the performance of the utilized energy. This acts as a restraint in the market growth, resulting in a low rate of implementation of smart motors.
Target Audience of the Report:
- Smart motor components and products providers
- Smart motor product integrators
- Research organizations and manufacturing companies
- Energy conservation related associations, organizations, forums, and alliances
- Government, commercial institutes, and industrial plants
- Venture capitalists, private equity firms, and startup companies
- Distributors and traders
- Forums, alliances, and associations
- End users who want to know more about smart motors and latest technological developments in this market
Key Topics Covered:
2 Research Design
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Component
8 Market, By Application
9 Market, By Geography
10 Competitive Landscape
11 Company Profiles
- ABB Ltd.
- Fuji Electric Co. Ltd.
- General Electric
- Moog Animatics, Inc.
- Robeteq, Inc.
- Robotshop, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Technosoft SA
For more information visit http://www.researchandmarkets.com/research/d8xzn5/smart_motors
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets