Electric Motor Market Embrace Smart Technology to Back Industrial Operations

Electric motors can be considered as the workhorse of industry. They basically exhibit the motive force behind many industrial process operations worldwide. Research analysts at Allied Market Research monitoring the major trends, share and size and growth rate in the electric motor market say that competition among many key market players have intensified, particularly in the countries such as China. Researchers say that China is one of the largest markets for the electric motors. Besides this, many manufacturers are seen competing to provide products with paramount quality customization at an affordable price. In addition, they compete in terms of capabilities, quality as well as features.

Revolutionary Motors Make an Entry in Electric Motor Market  

The market is witnessing the most notable discoveries in electric motors in 60 years, with companies ensuring higher level of energy efficiency that has revolutionized the market. One of the finest examples is that of Q-Sync Smart Synchronous Motor launched by QM power. The motor is close to 80 percent more efficient than the induction electric motors launched by Tesla that has been used since 1888. Commenting on their innovation P.J Piper, chief operating officer at QM Power said "Up to 98 percent of the cost of an electric motor is in the energy it consumes." He added "When the market went from the induction motor design to the permanent magnets, they needed to install some extra electronics to make it work. Our aha moment was if you can get the benefits of the permanent magnet without all those electronics running in the background, you can save a lot of money on energy costs."

Self-analyzing Products Revolutionizes the Electric Motors Market

Many engineers across the world are busy developing highly networked self – analyzing motors. Just by applying the data accumulated from the electric motors when it is operation, the researcher would now be capable enough to calculate the quantities that in different system will require to be calculated by additional sensors. These motors are teaching the drive to make the best use of this knowledge. A group of researchers from the famous Saarland University are building smart motor systems that can easily operate without using any additional sensors. The team of researchers are now working with few project partners in order to study as well as test different procedural methods. The ultimate goal of such invention is to make the production process highly cost effective. Besides ensuring flexibility they enable the tools to be constant monitored for errors and signs of wear and tear.

Eyeing the major developments in the industry, Allied Market Research has published a report titled “World Electric Motor Market - Opportunities and Forecasts, 2013 – 2020.” Research analysts have used both qualitative and quantitative research techniques to examine some critical business imperatives such as growth rate, share and size and trends.

Related Post