Global Smart Motors Market Size & Outlook, 2023-2030
Global smart motors market, 2018-2030 (US$M)
Related Markets
Global smart motors market highlights
- The global smart motors market generated a revenue of USD 2,309.3 million in 2023 and is expected to reach USD 3,631.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
- In terms of segment, industrial accounted for a revenue of USD 855.3 million in 2023.
- Industrial is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,309.3 million |
| Market revenue in 2030 | USD 3,631.3 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Industrial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Automotive, Consumer Electrionics, Airospace & Defense, Other |
Other key industry trends
- In terms of revenue, the North America accounted for 34.2% of the global smart motors market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 72.4 million by 2030.
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Smart Motors Market Scope
Smart Motors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart motors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart motors market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 37.04% in 2023. Horizon Databook has segmented the Global smart motors market based on industrial, automotive, consumer electrionics, airospace & defense, other covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Motors End Use Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Automotive
- Consumer Electrionics
- Airospace & Defense
- Other
- Global Smart Motors Product (voltage type) Outlook (Revenue, USD Million, 2018-2030)
- 18V
- 24V
- 36V
- 48V and above
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Target buyers of Global smart motors market databook
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Our clientele includes a mix of smart motors market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart motors market , including forecasts for subscribers. This global databook contains high-level insights into Global smart motors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global smart motors market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart motors market size, 2023 (US$M)
Global smart motors market share, by end use, 2023 & 2030 (%, US$M)
Smart motors market: Opportunity assessment by country
Global smart motors market, by region, 2023 (US$M)
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