Get In Touch

A motor management system can be simply defined as a communication network established amongst motors and related components for preventive maintenance. Data is collected from electric motors with the help of various sensors. Although this data is primarily utilized for preventive maintenance, it is also used for obtaining other useful such as operational efficiency, electricity consumption, temperature variations, vibration levels, etc., which in turn helps in energy conservation and adds up to the overall lifespan of the electrical motors. As almost every major industry incorporates motors for various purposes, a major portion of total energy consumption within these industries is accounted for by motors. Due to heavy reliability of manufacturing industries on motors, any motor failure could hamper the processes resulting in huge losses in terms of time and money. This is one of the major reasons for implementation of motor management systems that are considered to be very crucial and strongly advised by experts.

One of the major factors influencing the growth of the global motor management market is the increasing use of automation in industries. Motor management systems are increasingly being adopted globally as more number of industries look to increase their operational efficiency by reducing the downtime caused due to motor failures. However, the overall growth of the motor management market is adversely affected by high initial and maintenance costs of this system. Also the lack of awareness about the benefits of this system in the long run is considered as one of the restraints for market growth. 

The global motor management market can be segmented on the basis of motor type, operating voltage range, application, automation level, industry, and region. The market by motor type has further been bifurcated into synchronous motor and asynchronous motor. In terms of operating voltage range, the market has been divided into low voltage, medium voltage, and high voltage. While considering the application of motor management systems the global market has been sub-divided into pumps, compressors, and others. On the basis of industry, the global motor management market has been classified into agriculture, chemicals, food & beverages, manufacturing, metals & mining, power generation, water & wastewater treatment, and others. 

The global motor management market is segmented on the basis of regions into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest number of motor management solution vendors. This dominance is primarily due to the presence of many multinational industries which are opting for this system, especially in the U.S. and Canada. North America is closely followed by Europe in terms of adoption as well as prominent motor management vendors. This trend can be attributed to the increasing focus on innovations obtained from research and development and security technologies in the developed countries. The Asia Pacific region is expected to emerge as the fastest growing market in the years from 2017-2025. Growing economies in the Asia Pacific region such as India and China are inviting global players into their local markets. This is in turn supporting the growth of the motor management market in the region while further increasing the degree of competition among motor management system vendors.

Companies are strengthening their position through merger & acquisition, and continuously investing in research and development (R&D) activities to come up with solutions to cater to the industry’s changing requirements. Furthermore, motor management solution providers are planning to invest in advanced technologies such as artificial intelligence with a target to provide cost competitive products in the market in the years to come. 

The major vendors that offer motor management solutions and services across the globe include General Electric, Texas Instruments, Siemens AG, Schneider Electric SE, ABB Ltd., Analog Devices, Inc., Eaton Corporation Plc, Mitsubishi Electric Corporation, Rockwell Automation, and Hitachi, Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Motor Management Market

Pre Book