Home > Blossary: Smart Motors Market worth 1.38 Billion USD by 2020
The report "Smart Motors Market by Component (VSD, MCC, Motor), by Application (Industrial, Commercial, Automotive, Consumer Electronics, and Aerospace & Defense) and Geography - Analysis & Forecast to 2020", the global smart motors market is expected to grow from USD 989.0 Million in 2014 to USD 1.38 Billion by 2020 at a CAGR of 6.19% between 2015 and 2020. The smart motors market is expected to grow substantially because of factors such as requirement of less on-site and wiring space, and cost reduction, while increasing the overall effectiveness of the equipment. https://www.marketsandmarkets.com/Market-Reports/smart-motors-market-256166079.html

Category: Engineering

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