The Europe Smart Motors Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030).
The rapid advancement of technology, including sensors, microcontrollers, wireless communication protocols, and data analytics tools, has made smart motor solutions more accessible, affordable, and scalable than ever before. Moreover, continuous tracking, analysis, and optimization of operational processes are made possible by the seamless connection, interoperability, and data exchange made possible by integrating Industry 4.0 principles and IoT (internet of things) technologies into smart motor systems. The increasing demand for automation, digitalization, and process optimization across industries is driving the adoption of smart motors as integral components of smart factories, automated production lines, and interconnected supply chains.
Furthermore, it offers superior performance, reliability, and durability compared to traditional motor systems due to advanced features such as fault detection, condition monitoring, and self-diagnostic capabilities. By continuously monitoring operational parameters and detecting anomalies in real-time, it enables early detection of potential issues, preventing equipment failures and minimizing costly downtime associated with unplanned maintenance and repairs. In an increasingly competitive marketplace, organizations that embrace smart motor technologies gain a competitive edge by offering innovative solutions that deliver superior performance, efficiency, and reliability. It enables organizations to differentiate their products and services, meet evolving customer demands, and capitalize on emerging market opportunities driven by trends such as electric vehicles, renewable energy, and smart infrastructure.
The expansion of the electric vehicle industry in Belgium increases the demand for smart motors used in propulsion systems and creates opportunities for diversifying smart motor applications. As per the same source, in 2022, passenger EV sales in Belgium increased by 39.7 percent year-over-year to 98,356 units, representing an EV penetration rate of 26.9 percent of total new passenger vehicle sales. Battery EV (BEV) sales increased by 72.1 percent year-over-year to 37,815 units. Plug-in hybrid EV (PHEV) sales grew 25 percent to 60,541 units. Therefore, the expansion of the EV industry and growing government funding for smart manufacturing are driving the market’s growth.
The Germany market dominated the Europe Smart Motors Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $208 Million by 2030. The UK market is registering a CAGR of 5.6% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 7.3% during (2023 - 2030).
Free Valuable Insights: The Global Smart Motors Market will Hit USD 3.3 billion by 2030, at a CAGR of 6.7%
Based on End-use, the market is segmented into Industrial, Automotive, Consumer Electronics, Aerospace & Defense, and Others. Based on Product, the market is segmented into 24V, 48V & above, 18V, and 36V. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Rockwell Automation, Inc.
- Moog, Inc.
- Fuji Electric Co. Ltd.
- ABB Ltd.
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Dunkermotoren GmbH (Ametek, Inc.)
- RobotShop Inc.
- Roboteq, Inc. (Nidec Motor Corporation)
Europe Smart Motors Market Report Segmentation
By End-use
- Industrial
- Automotive
- Consumer Electronics
- Aerospace & Defense
- Others
By Product
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Motors Market, by End-use
1.4.2 Europe Smart Motors Market, by Product
1.4.3 Europe Smart Motors Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Smart Motors Market, by End-use
4.1 Europe Industrial Market, by Country
4.2 Europe Automotive Market, by Country
4.3 Europe Consumer Electronics Market, by Country
4.4 Europe Aerospace & Defense Market, by Country
4.5 Europe Others Market, by Country
Chapter 5. Europe Smart Motors Market, by Product
5.1 Europe 24V Market, by Country
5.2 Europe 48V & above Market, by Country
5.3 Europe 18V Market, by Country
5.4 Europe 36V Market, by Country
Chapter 6. Europe Smart Motors Market, by Country
6.1 Germany Smart Motors Market
6.1.1 Germany Smart Motors Market, by End-use
6.1.2 Germany Smart Motors Market, by Product
6.2 UK Smart Motors Market
6.2.1 UK Smart Motors Market, by End-use
6.2.2 UK Smart Motors Market, by Product
6.3 France Smart Motors Market
6.3.1 France Smart Motors Market, by End-use
6.3.2 France Smart Motors Market, by Product
6.4 Russia Smart Motors Market
6.4.1 Russia Smart Motors Market, by End-use
6.4.2 Russia Smart Motors Market, by Product
6.5 Spain Smart Motors Market
6.5.1 Spain Smart Motors Market, by End-use
6.5.2 Spain Smart Motors Market, by Product
6.6 Italy Smart Motors Market
6.6.1 Italy Smart Motors Market, by End-use
6.6.2 Italy Smart Motors Market, by Product
6.7 Rest of Europe Smart Motors Market
6.7.1 Rest of Europe Smart Motors Market, by End-use
6.7.2 Rest of Europe Smart Motors Market, by Product
Chapter 7. Company Profiles
7.1 Rockwell Automation, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Moog, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Fuji Electric Co. Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 ABB Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Siemens AG
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Schneider Electric SE
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 General Electric Company
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Dunkermotoren GmbH (Ametek, Inc.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 RobotShop Inc.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Roboteq, Inc. (Nidec Motor Corporation)
7.10.1 Company Overview
7.10.2 SWOT Analysis
TABLE 1 Europe Smart Motors Market, 2019 - 2022, USD Million
TABLE 2 Europe Smart Motors Market, 2023 - 2030, USD Million
TABLE 3 Europe Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 4 Europe Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 5 Europe Industrial Market, by Country, 2019 - 2022, USD Million
TABLE 6 Europe Industrial Market, by Country, 2023 - 2030, USD Million
TABLE 7 Europe Automotive Market, by Country, 2019 - 2022, USD Million
TABLE 8 Europe Automotive Market, by Country, 2023 - 2030, USD Million
TABLE 9 Europe Consumer Electronics Market, by Country, 2019 - 2022, USD Million
TABLE 10 Europe Consumer Electronics Market, by Country, 2023 - 2030, USD Million
TABLE 11 Europe Aerospace & Defense Market, by Country, 2019 - 2022, USD Million
TABLE 12 Europe Aerospace & Defense Market, by Country, 2023 - 2030, USD Million
TABLE 13 Europe Others Market, by Country, 2019 - 2022, USD Million
TABLE 14 Europe Others Market, by Country, 2023 - 2030, USD Million
TABLE 15 Europe Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 16 Europe Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 17 Europe 24V Market, by Country, 2019 - 2022, USD Million
TABLE 18 Europe 24V Market, by Country, 2023 - 2030, USD Million
TABLE 19 Europe 48V & above Market, by Country, 2019 - 2022, USD Million
TABLE 20 Europe 48V & above Market, by Country, 2023 - 2030, USD Million
TABLE 21 Europe 18V Market, by Country, 2019 - 2022, USD Million
TABLE 22 Europe 18V Market, by Country, 2023 - 2030, USD Million
TABLE 23 Europe 36V Market, by Country, 2019 - 2022, USD Million
TABLE 24 Europe 36V Market, by Country, 2023 - 2030, USD Million
TABLE 25 Europe Smart Motors Market, by Country, 2019 - 2022, USD Million
TABLE 26 Europe Smart Motors Market, by Country, 2023 - 2030, USD Million
TABLE 27 Germany Smart Motors Market, 2019 - 2022, USD Million
TABLE 28 Germany Smart Motors Market, 2023 - 2030, USD Million
TABLE 29 Germany Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 30 Germany Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 31 Germany Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 32 Germany Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 33 UK Smart Motors Market, 2019 - 2022, USD Million
TABLE 34 UK Smart Motors Market, 2023 - 2030, USD Million
TABLE 35 UK Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 36 UK Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 37 UK Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 38 UK Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 39 France Smart Motors Market, 2019 - 2022, USD Million
TABLE 40 France Smart Motors Market, 2023 - 2030, USD Million
TABLE 41 France Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 42 France Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 43 France Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 44 France Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 45 Russia Smart Motors Market, 2019 - 2022, USD Million
TABLE 46 Russia Smart Motors Market, 2023 - 2030, USD Million
TABLE 47 Russia Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 48 Russia Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 49 Russia Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 50 Russia Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 51 Spain Smart Motors Market, 2019 - 2022, USD Million
TABLE 52 Spain Smart Motors Market, 2023 - 2030, USD Million
TABLE 53 Spain Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 54 Spain Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 55 Spain Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 56 Spain Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 57 Italy Smart Motors Market, 2019 - 2022, USD Million
TABLE 58 Italy Smart Motors Market, 2023 - 2030, USD Million
TABLE 59 Italy Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 60 Italy Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 61 Italy Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 62 Italy Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 63 Rest of Europe Smart Motors Market, 2019 - 2022, USD Million
TABLE 64 Rest of Europe Smart Motors Market, 2023 - 2030, USD Million
TABLE 65 Rest of Europe Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 66 Rest of Europe Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 67 Rest of Europe Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 68 Rest of Europe Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 69 Key Information – Rockwell Automation, Inc.
TABLE 70 key information – Moog, Inc.
TABLE 71 Key Information – Fuji Electric Co., Ltd.
TABLE 72 Key Information – ABB Ltd.
TABLE 73 Key Information – Siemens AG
TABLE 74 Key Information – Schneider Electric SE
TABLE 75 Key Information – General Electric Company
TABLE 76 Key Information – Dunkermotoren GmbH
TABLE 77 Key Information – RobotShop Inc.
TABLE 78 Key Information – Roboteq, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Smart Motors Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Smart Motors Market
FIG 4 Porter’s Five Forces Analysis – Smart Motors Market
FIG 5 Europe Smart Motors Market share, by End-use, 2022
FIG 6 Europe Smart Motors Market share, by End-use, 2030
FIG 7 Europe Smart Motors Market, by End-use, 2019 - 2030, USD Million
FIG 8 Europe Smart Motors Market share, by Product, 2022
FIG 9 Europe Smart Motors Market share, by Product, 2030
FIG 10 Europe Smart Motors Market, by Product, 2023 - 2019, USD Million
FIG 11 Europe Smart Motors Market share, by Country, 2022
FIG 12 Europe Smart Motors Market share, by Country, 2030
FIG 13 Europe Smart Motors Market, by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Rockwell Automation, Inc.
FIG 15 SWOT Analysis: Moog, Inc.
FIG 16 SWOT Analysis: Fuji Electric Co., Ltd.
FIG 17 SWOT Analysis: ABB ltd.
FIG 18 SWOT Analysis: Siemens AG
FIG 19 SWOT Analysis: Schneider Electric SE
FIG 20 SWOT Analysis: General Electric Company
FIG 21 SWOT Analysis: Dunkermotoren GmbH
FIG 22 SWOT Analysis: RobotShop Inc.
FIG 23 SWOT Analysis: Roboteq, Inc.