North America Smart Motors Market Size & Outlook, 2023-2030
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North America smart motors market highlights
- The North America smart motors market generated a revenue of USD 790.4 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, industrial was the largest revenue generating end use in 2023.
- Industrial is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 790.4 million |
| Market revenue in 2030 | USD 1,277.1 million |
| Growth rate | 7.1% (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 |
| Key market players worldwide | Rockwell Automation Inc, Moog Inc A, Fuji Electric Co Ltd, ABB Ltd, Siemens AG, Schneider Electric SE, GE Aerospace, Roboteq, AMETEK Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 34.2% of the global smart motors market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 727.7 million by 2030.
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Smart Motors Market Scope
Smart Motors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Roboteq | View profile | 1-10 | Scottsdale, Arizona, United States, North America | https://www.roboteq.com |
| AMETEK Inc | View profile | 21500 | 1100 Cassatt Road, Berwyn, PA, United States, 19312-1177 | https://www.ametek.com |
| Moog Inc A | View profile | 13500 | 400 Jamison Road, East Aurora, New York, NY, United States, 14052-0018 | https://www.moog.com |
| Fuji Electric Co Ltd | View profile | 30123 | Gate City Ohsaki, East Tower, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo, Japan, 141-0032 | http://www.fujielectric.co.jp |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
North America 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 37.4% in 2023. Horizon Databook has segmented the North America smart motors market based on industrial, automotive, consumer electrionics, airospace & defense, other covering the revenue growth of each sub-segment from 2018 to 2030.
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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 continent-level data and insights on the North America smart motors market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart motors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America smart motors market size, by country, 2018-2030 (US$M)
North America Smart Motors Market Outlook Share, 2023 & 2030 (US$M)
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