The Latin America, Middle East and Africa Smart Motors Market would witness market growth of 8.2% CAGR during the forecast period (2023-2030).
The proliferation of advanced sensor technology, machine learning algorithms, and predictive analytics tools drives smart motor design and functionality innovation. Smart motors incorporate a variety of sensors, including temperature sensors, vibration sensors, and current sensors, to monitor operational parameters, detect anomalies, and predict potential failures, enabling proactive maintenance and optimization of equipment performance. Additionally, digital twin technology is revolutionizing smart motors’ design, simulation, and optimization by creating virtual replicas that mirror their physical counterparts in real-time. These digital twins enable engineers to conduct comprehensive performance analysis, predictive maintenance simulations, and optimization experiments in a virtual environment, accelerating product development cycles and minimizing time-to-market.
Likewise, computing platforms empower smart motors with onboard processing capabilities and edge analytics algorithms, enabling real-time data processing, decision-making, and control at the point of data generation. By harnessing the power of edge computing, smart motors can respond to dynamic operational conditions, latency-sensitive applications, and bandwidth constraints with greater agility, autonomy, and intelligence. Moreover, smart motors leverage advanced control algorithms and adaptive control strategies to optimize performance, efficiency, and reliability across various operating conditions and applications. These algorithms enable smart motors to adjust operating parameters dynamically, respond to changing load demands, and compensate for environmental disturbances, ensuring precise motion control, smooth operation, and optimal energy utilization.
The expansion of renewable energy in Brazil creates significant opportunities for the smart motors market, driven by the need for efficient energy conversion, grid integration, automation, and control solutions in renewable energy systems. As per the data released in 2023 by the International Trade The renewable energy industry has continuously expanded over the years through private investment. Additionally, investments in the Brazilian electricity sector are expected to reach over $100 billion by 2029, including utility-scale generation, distributed generation, transmission, and distribution projects. Hence, high expenditure on the healthcare sector and expansion of the renewable energy industry in the region is driving the market growth.
The Brazil market dominated the LAMEA Smart Motors Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $63 Million by 2030. The Argentina market is showcasing a CAGR of 9.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.9% during (2023 - 2030).
Free Valuable Insights: The Worldwide Smart Motors Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
LAMEA Smart Motors Market Report Segmentation
By End-use
- Industrial
- Automotive
- Consumer Electronics
- Aerospace & Defense
- Others
By Product
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Motors Market, by End-use
1.4.2 LAMEA Smart Motors Market, by Product
1.4.3 LAMEA 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. LAMEA Smart Motors Market, by End-use
4.1 LAMEA Industrial Market, by Country
4.2 LAMEA Automotive Market, by Country
4.3 LAMEA Consumer Electronics Market, by Country
4.4 LAMEA Aerospace & Defense Market, by Country
4.5 LAMEA Others Market, by Country
Chapter 5. LAMEA Smart Motors Market, by Product
5.1 LAMEA 24V Market, by Country
5.2 LAMEA 48V & above Market, by Country
5.3 LAMEA 18V Market, by Country
5.4 LAMEA 36V Market, by Country
Chapter 6. LAMEA Smart Motors Market, by Country
6.1 Brazil Smart Motors Market
6.1.1 Brazil Smart Motors Market, by End-use
6.1.2 Brazil Smart Motors Market, by Product
6.2 Argentina Smart Motors Market
6.2.1 Argentina Smart Motors Market, by End-use
6.2.2 Argentina Smart Motors Market, by Product
6.3 UAE Smart Motors Market
6.3.1 UAE Smart Motors Market, by End-use
6.3.2 UAE Smart Motors Market, by Product
6.4 Saudi Arabia Smart Motors Market
6.4.1 Saudi Arabia Smart Motors Market, by End-use
6.4.2 Saudi Arabia Smart Motors Market, by Product
6.5 South Africa Smart Motors Market
6.5.1 South Africa Smart Motors Market, by End-use
6.5.2 South Africa Smart Motors Market, by Product
6.6 Nigeria Smart Motors Market
6.6.1 Nigeria Smart Motors Market, by End-use
6.6.2 Nigeria Smart Motors Market, by Product
6.7 Rest of LAMEA Smart Motors Market
6.7.1 Rest of LAMEA Smart Motors Market, by End-use
6.7.2 Rest of LAMEA 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 LAMEA Smart Motors Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Smart Motors Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 4 LAMEA Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 5 LAMEA Industrial Market, by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Industrial Market, by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Automotive Market, by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Automotive Market, by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Consumer Electronics Market, by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Consumer Electronics Market, by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Aerospace & Defense Market, by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Aerospace & Defense Market, by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Others Market, by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Others Market, by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 16 LAMEA Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 17 LAMEA 24V Market, by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA 24V Market, by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA 48V & above Market, by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA 48V & above Market, by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA 18V Market, by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA 18V Market, by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA 36V Market, by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA 36V Market, by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Smart Motors Market, by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Smart Motors Market, by Country, 2023 - 2030, USD Million
TABLE 27 Brazil Smart Motors Market, 2019 - 2022, USD Million
TABLE 28 Brazil Smart Motors Market, 2023 - 2030, USD Million
TABLE 29 Brazil Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 30 Brazil Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 31 Brazil Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 32 Brazil Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 33 Argentina Smart Motors Market, 2019 - 2022, USD Million
TABLE 34 Argentina Smart Motors Market, 2023 - 2030, USD Million
TABLE 35 Argentina Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 36 Argentina Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 37 Argentina Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 38 Argentina Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 39 UAE Smart Motors Market, 2019 - 2022, USD Million
TABLE 40 UAE Smart Motors Market, 2023 - 2030, USD Million
TABLE 41 UAE Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 42 UAE Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 43 UAE Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 44 UAE Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 45 Saudi Arabia Smart Motors Market, 2019 - 2022, USD Million
TABLE 46 Saudi Arabia Smart Motors Market, 2023 - 2030, USD Million
TABLE 47 Saudi Arabia Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 48 Saudi Arabia Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 49 Saudi Arabia Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 50 Saudi Arabia Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 51 South Africa Smart Motors Market, 2019 - 2022, USD Million
TABLE 52 South Africa Smart Motors Market, 2023 - 2030, USD Million
TABLE 53 South Africa Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 54 South Africa Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 55 South Africa Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 56 South Africa Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 57 Nigeria Smart Motors Market, 2019 - 2022, USD Million
TABLE 58 Nigeria Smart Motors Market, 2023 - 2030, USD Million
TABLE 59 Nigeria Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 60 Nigeria Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 61 Nigeria Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 62 Nigeria Smart Motors Market, by Product, 2023 - 2030, USD Million
TABLE 63 Rest of LAMEA Smart Motors Market, 2019 - 2022, USD Million
TABLE 64 Rest of LAMEA Smart Motors Market, 2023 - 2030, USD Million
TABLE 65 Rest of LAMEA Smart Motors Market, by End-use, 2019 - 2022, USD Million
TABLE 66 Rest of LAMEA Smart Motors Market, by End-use, 2023 - 2030, USD Million
TABLE 67 Rest of LAMEA Smart Motors Market, by Product, 2019 - 2022, USD Million
TABLE 68 Rest of LAMEA 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 LAMEA 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 LAMEA Smart Motors Market share, by End-use, 2022
FIG 6 LAMEA Smart Motors Market share, by End-use, 2030
FIG 7 LAMEA Smart Motors Market, by End-use, 2019 - 2030, USD Million
FIG 8 LAMEA Smart Motors Market share, by Product, 2022
FIG 9 LAMEA Smart Motors Market share, by Product, 2030
FIG 10 LAMEA Smart Motors Market, by Product, 2019 - 2030, USD Million
FIG 11 LAMEA Smart Motors Market share, by Country, 2022
FIG 12 LAMEA Smart Motors Market share, by Country, 2030
FIG 13 LAMEA 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.