The Asia Pacific Region dominated the market in 2021

According to Custom Market Insights (CMI), the Global Smart Motors Market was valued at approximately USD 2.6 Billion in 2021 and is projected to grow to nearly USD 4 Billion by 2030. The market is expected to expand at a compound annual growth rate (CAGR) of about 6.5% during the forecast period from 2022 to 2030.

The study highlights the key drivers and restraints shaping the smart motors market, as well as their impact on industry demand throughout the forecast timeline. In addition, the report identifies emerging opportunities that can significantly contribute to the overall growth of the smart motors market worldwide.

Smart Motors Market Overview

A smart motor is an advanced system that converts electrical energy stored in a battery into rotational energy, which can then be used for applications such as pumping, operating mechanical arms, closing claws, or rotating wheels. These motors are characterized by the integration of control electronics, along with Ethernet or Fieldbus connectivity that facilitates communication. By adopting an integrated and data-driven approach, smart motor controllers enhance productivity while also minimizing risks of motor breakdown.

Motors consume a significant share of global electricity, contributing to nearly 65% of total industrial energy consumption. Factors such as inefficiencies and energy wastage often increase production costs. Moreover, the rising price of fossil fuels, driven by intensifying global competition, has further accelerated the demand for energy-efficient motor technologies across industries.

Growth Factors

One of the most critical growth drivers for the smart motors market is their ability to deliver 40% to 60% greater energy efficiency compared to traditional motors. This efficiency advantage has led to a surge in demand for smart motors as industries seek energy-saving alternatives to cut operational costs. Additionally, the adoption of robotic processes powered by intelligent motor controllers is contributing to enhanced energy savings and operational performance.

The rapid integration of emerging technologies such as the Internet of Things (IoT) and cloud computing into industrial production systems is fueling the expansion of smart motors. These technologies enable industries to quickly adapt to changing demands while maintaining high levels of efficiency and flexibility.

The growth in consumer electronics and household appliances has also played a vital role in the demand for smart motors. Rising disposable incomes and improved living standards have boosted the consumption of appliances such as refrigerators, washing machines, and electric fans, all of which are powered by intelligent electric motors.

Segmental Overview

The global smart motors market is segmented by products and applications. Based on application, the oil and gas sector held the largest revenue share in 2021 and is anticipated to maintain its dominance throughout the forecast period. The oil and gas industry faces critical challenges related to operational performance, total cost of ownership (TCO), energy efficiency, and safety across both upstream and downstream processes. In this context, smart motor systems provide significant advantages by improving efficiency, reducing energy costs, and ensuring safer operations.

As traditional hydrocarbon resources become increasingly scarce and energy production shifts to more complex and sensitive environments, oil and gas companies are adopting smart motor systems at a rapid pace. These technologies allow the industry to achieve energy savings while addressing pressing concerns related to energy security, environmental sustainability, and operational cost management.

Regional Overview

In terms of geography, the Asia Pacific region accounted for the largest share of the global smart motors market in 2021. The widespread adoption of automation across diverse end-user industries in the region has created significant opportunities for market players. Growing energy challenges have further accelerated the use of low-voltage electrical equipment and promoted the development of energy-efficient and compact electrical devices, supporting the overall expansion of the smart motors market.

Asia Pacific also serves as a major manufacturing hub for global industries, where automation has become essential in streamlining production processes. In particular, China has witnessed a rapid transformation in its manufacturing sector, which remains a key driver of the country’s economic growth. Industrial control systems in China are evolving across various industries, including municipal services, transportation, energy, and water management.

The expansion of the Internet of Things and its integration into industrial processes is advancing networked control systems in China. This trend is accelerating the adoption of smart motor control centers and reinforcing the region’s leadership in the global smart motors market.

Prominent Players

  • Wartsila
  • Corvus Energy
  • Akashi AG
  • Enchandia AB
  • Siemens
  • Saft Total
  • Leclanche SA
  • Echandia AB
  • EnerSys
  • Spear Power Systems

https://www.custommarketinsights.com/report/smart-motors-market/