- Motor management can be defined as the process of organising the motors and machineries present in a factory. This process of technology integrates the hardware of motors with modernised digital software solutions making it manageable through these systems.
- Increasing need for reducing unplanned industrial downtime is a crucial factor accelerating the market growth, also growing demand for reducing unplanned industrial downtime, increasing focus on advancing the efficiency of motor-driven equipment and preventive maintenance to avoid unplanned downtime, increasing environmental regulations hovering around the carbon emissions from generator sets and increased demands for enhanced power productivity are the major factors among others boosting the motor management market.
- North America is expected to dominate the Motor Management market due to growing demand for reducing unplanned industrial downtime and increasing focus on advancing the efficiency of motor-driven equipment and preventive maintenance to avoid unplanned downtime in this region.
- Asia-Pacific is expected to be the fastest growing region in the Motor Management market during the forecast period driven by increasing industrialization, significant investments in automation and smart manufacturing technologies
- The predictive maintenance segment is expected to dominate the Motor Management market, with a market share 37.23% during the forecast period. This segment’s growth is driven by the growing emphasis on reducing operational downtime, enhancing motor performance, and improving energy efficiency through real-time monitoring and data-driven insights
