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Asia Pacific 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

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    Report

  • 110 Pages
  • February 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5945835
The Asia Pacific Smart Motors Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030).

Medical equipment and devices often incorporate smart motors for precision control and reliability in applications such as surgical robotics, diagnostic imaging systems, infusion pumps, and patient monitoring devices. It enables precise movement and positioning, contributing to the accuracy, safety, and effectiveness of medical procedures and treatments. In addition, smart motors are used in agricultural machinery and equipment for irrigation, crop harvesting, and precision farming. In automated irrigation systems, smart motors control water pumps and valves to deliver precise amounts of water to crops based on soil moisture levels, weather forecasts, and crop requirements, optimizing water usage and crop yields.

With growing concerns over energy consumption, carbon emissions, and sustainability, organizations are under increasing pressure to improve energy efficiency. It offers advanced control algorithms, variable speed drives, and energy management features, enabling organizations to optimize power usage, reduce energy waste, and comply with regulatory standards and environmental mandates. It helps organizations minimize operational costs and improve efficiency by reducing energy consumption, optimizing equipment performance, and streamlining maintenance processes. Predictive maintenance techniques and real-time monitoring capabilities enable organizations to maximize uptime and minimize downtime for key machinery and equipment by proactively identifying and addressing possible faults.

The growing electronics industry in India creates opportunities for the market, driven by the demand for automation, precision motion control, and energy-efficient solutions in electronics manufacturing, consumer electronics, and IoT applications. As per the National Investment Promotion & facilitation Agency, India’s electronics industry is estimated to be worth $155 billion, of which 65 percent is produced domestically. India’s domestic production expanded from $49 billion in (fiscal year) FY17 to $101 billion in FY23, a 13% annual growth rate. By FY26, the nation’s electronics exports will total $120 billion. Exports of electronic items were valued at $17.74 billion in April–November 2023, up 23.56% from $14.36 billion in the same period in 2022. Therefore, the increasing use of renewable energy and expansion of the regional electronics industry are propelling the market’s growth.

The China market dominated the Asia Pacific Smart Motors Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $326 Million by 2030. The Japan market is exhibiting a CAGR of 6.5% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.8% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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)

Market Report Segmentation

By End-use
  • Industrial
  • Automotive
  • Consumer Electronics
  • Aerospace & Defense
  • Others
By Product
  • 24V
  • 48V & above
  • 18V
  • 36V
By Country
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Motors Market, by End-use
1.4.2 Asia Pacific Smart Motors Market, by Product
1.4.3 Asia Pacific Smart Motors Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Smart Motors Market, by End-use
4.1 Asia Pacific Industrial Market, by Country
4.2 Asia Pacific Automotive Market, by Country
4.3 Asia Pacific Consumer Electronics Market, by Country
4.4 Asia Pacific Aerospace & Defense Market, by Country
4.5 Asia Pacific Others Market, by Country
Chapter 5. Asia Pacific Smart Motors Market, by Product
5.1 Asia Pacific 24V Market, by Country
5.2 Asia Pacific 48V & above Market, by Country
5.3 Asia Pacific 18V Market, by Country
5.4 Asia Pacific 36V Market, by Country
Chapter 6. Asia Pacific Smart Motors Market, by Country
6.1 China Smart Motors Market
6.1.1 China Smart Motors Market, by End-use
6.1.2 China Smart Motors Market, by Product
6.2 Japan Smart Motors Market
6.2.1 Japan Smart Motors Market, by End-use
6.2.2 Japan Smart Motors Market, by Product
6.3 India Smart Motors Market
6.3.1 India Smart Motors Market, by End-use
6.3.2 India Smart Motors Market, by Product
6.4 South Korea Smart Motors Market
6.4.1 South Korea Smart Motors Market, by End-use
6.4.2 South Korea Smart Motors Market, by Product
6.5 Singapore Smart Motors Market
6.5.1 Singapore Smart Motors Market, by End-use
6.5.2 Singapore Smart Motors Market, by Product
6.6 Malaysia Smart Motors Market
6.6.1 Malaysia Smart Motors Market, by End-use
6.6.2 Malaysia Smart Motors Market, by Product
6.7 Rest of Asia Pacific Smart Motors Market
6.7.1 Rest of Asia Pacific Smart Motors Market, by End-use
6.7.2 Rest of Asia Pacific Smart Motors Market, by Product
Chapter 7. Company Profiles
7.1 Rockwell Automation, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Moog, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Fuji Electric Co. Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 ABB Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Siemens AG
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Schneider Electric SE
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 General Electric Company
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Dunkermotoren GmbH (Ametek, Inc.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 RobotShop Inc.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Roboteq, Inc. (Nidec Motor Corporation)
7.10.1 Company Overview
7.10.2 SWOT Analysis

Companies Mentioned

  • 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)

Methodology

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