Vision 2025: Future of Electric Motors in a Connected World - Transformational Growth of New Business Models due to Digital-based Services will Generate Revenue
DUBLIN, May 3, 2022 /PRNewswire/ -- The "Vision 2025: Future of Electric Motors in a Connected World" report has been added to ResearchAndMarkets.com's offering.
This study forecasts the future of the electric motor industry as it embraces new business models and innovations brought in by the Industrial Internet of Things (IIoT) and digital transformation across the value chain. Shifting customer preferences and socioeconomic volatility, the impact of the global pandemic on the supply chain, and political turmoil are compelling motor original equipment manufacturers (OEMs) to design products and solutions to improve thinning margins and maintain a competitive edge.
Asia-Pacific (APAC) is expected to be the largest region for the motors market, propelled by demand from process industries, such as oil and gas, chemical, and power generation. In addition to the digitalization trend, the motors market will be driven by energy-efficiency norms and demand from hybrid and discrete industries, especially electric vehicles.
However, the prevailing global pandemic and its impact on supply chain and operations across end-market will offset the expected growth, resulting in a CAGR of 2.9% by 2025.
An overview of the key market participants, their product offering, and their market positioning has been provided in this report. The competitive landscape includes details on emerging companies that offer disruptive technologies and business models for the motors market.The publisher identified emerging innovative business models that will integrate the IIoT technologies, such as intelligent sensors, big daa & analytics, machine learning (ML) & artificial intelligence (AI), cloud computing, and industrial mobility.
The study discusses key growth opportunities for motor OEMs to unlock new potential revenue streams. The growing demand for energy efficiency in the process industry, increasing automation in hybrid and discrete industries, customer demand for real-time monitoring and industrial mobility, and the emergence of vendor-agnostic aftermarket services will create new growth opportunities for motor OEMs.
This study also provides the estimated potential size and call to action for each of the identified growth opportunities for the motors market.
Key Topics Covered:
2. Growth Environment
3. Research Scope and Segmentation
4. Global Electric Motors Revenue Forecast for 2025
5. Big Themes and Opportunities
6. Visioning Scenarios - Industry Mega Trends
7. Visioning Scenarios - Competitive Landscape Trends
8. Growth Pipeline
9. Growth Opportunity Universe
For more information about this report visit https://www.researchandmarkets.com/r/hnoh4y
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SOURCE Research and Markets