Smart Motor Market Share

Smart Motor Market Share

Schneider Electric SE and Siemens AG held a significant share of over 22% in the smart motor industry in 2023. Schneider Electric SE is a multinational corporation specializing in energy management and automation solutions. It offers a wide range of products & services including electrical distribution, automation, and control, building management systems, and renewable energy solutions. In the realm of smart motors, the company provides innovative motor control products equipped with advanced technologies, such as variable–speed drives, energy monitoring, and predictive maintenance capabilities, enabling efficient & intelligent motor operation in various industrial applications.

Siemens AG is a global conglomerate headquartered in Germany, operating in various sectors including industry, energy, healthcare, and infrastructure. In the realm of smart motors, Siemens offers advanced solutions integrating intelligent control systems with electric motors. These motors leverage digital technologies, such as IoT connectivity, data analytics, and automation, to optimize performance, enhance efficiency, and enable predictive maintenance, thereby driving productivity and sustainability for industrial applications.
 

Smart Motor Market Companies

Major players operating in the smart motor industry are:

• ABB Ltd.
• Dunkermotoren GmbH (Ametek Inc.)
• Fuji Electric Co. Ltd
• General Electric
• Rockwell Automation
• Schneider Electric SE
• Siemens AG