Global Digital Motor Management Market

Global Digital Motor Management Market By Type (Asynchronous motors, Synchronous motors), By Product & Service (Hardware & Software, Solution & Services), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.

Frequently Asked Questions (FAQ):

Digital motor management is organizing the machinery and motors to protect, control, manage and maintain them.

The digital motor management market size was valued at USD 3.85 Billion in 2020 and projected to reach USD 5.81 Billion by 2027, growing at a CAGR of 6.08% during the forecast period, 2020-2027.

The major drivers for the digital motor management market are increasing environmental regulations, rising adoption of industrial automation and technological advancement and modernization in management techniques.

North America is expected to project considerable growth over 2020-2026 due to the growing demand for reducing unplanned industrial downtime and technological advancement in the region.

General Electric, ABB Ltd., Eaton Corporation, Mitsubishi Electric Corporation, Siemens, Renesas Electronics Corporation, Rockwell Automation, Inc., Hitachi, Ltd., Analog Devices, Inc., Schneider Electric are the key players in the global digital motor management market.

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