What is the size of the global smart motors market?

The global smart motors market size is estimated to reach USD 4,565.7 million by 2030 from USD 2,634.6 in 2021.

What is the smart motors market growth?

The global smart motors market is projected to grow at a CAGR of 6.3% over the forecast period.

The oil and gas segment dominated the global market and accounted for the largest revenue share of 18.9% in 2021.

Asia Pacific dominated the smart motors market and accounted for the largest revenue share of 35.8% in 2021.

The major players of smart motors in the global market include Siemens AG, ABB Ltd., Schaeffler AG, Sick AG, and Technosoft SA.

The global smart motors market size is estimated to reach USD 4,565.7 million by 2030 from USD 2,634.6 in 2021.

The global smart motors market is projected to grow at a CAGR of 6.3% over the forecast period.

The oil and gas segment dominated the global market and accounted for the largest revenue share of 18.9% in 2021.

Asia Pacific dominated the smart motors market and accounted for the largest revenue share of 35.8% in 2021.

The major players of smart motors in the global market include Siemens AG, ABB Ltd., Schaeffler AG, Sick AG, and Technosoft SA.

Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030

Region: Global | Format: Word, PPT, Excel | Report Status: Published