Global Motor Management Market is accounted for $3.52 billion in 2020 and is expected to reach $6.16 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Need for reducing unplanned industrial downtime and increasing use of automation in industries are driving the market growth.
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By geography, North America is going to have high growth during the forecast period due to growing demand for reducing unplanned industrial downtime and increasing focus on advancing the efficiency of motor-driven equipment and preventive maintenance to avoid unplanned downtime in this region.
Some of the key players profiled in the Motor Management Market include General Electric, Texas Instruments, Siemens AG, Schneider Electric SE, ABB Ltd., Eaton Corporation Plc, Mitsubishi Electric Corporation, Rockwell Automation, Hitachi, Ltd., Analog Devices, Ametek, Nidec Motor Corporation, Nanotec Electronic GmbH & Co KG, WEG and Bosch Rexroth AG.
Types Covered in Motor Management Market
• Synchronous Motors
• Asynchronous Motors
Products Covered:
• Software & Solution Services
• Hardware
Voltage Ranges Covered:
• Low Voltage (60 to 240 Volt AC)
• Medium Voltage (250 to 395 Volt AC)
• High Voltage (396 to 485 Volt AC)
Applications Covered:
• Compressors
• Material Handling
• Pumps
Controls Covered:
• Semi-Automatic Controls
• Automatic Controls
• Manual Controls
End Users Covered:
• Food & Beverages
• Cement
• Power Generation
• Water Supply and Wastewater Treatment Industry
• Chemicals & Petrochemicals
• Metals & Mining
• Oil & Gas
• Agriculture
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