Industrial Smart Motors

Industrial Smart Motors Market Outlook

The global Industrial Smart Motors market is projected to reach approximately USD 18.5 billion by 2035, with a compound annual growth rate (CAGR) of around 7.2% from 2025 to 2035. This growth can be attributed to several factors, including the increasing demand for energy-efficient motors across various industries, the rising adoption of automation and smart technologies, and the necessity for improved operational efficiency and reduced energy consumption. Additionally, the ongoing urbanization and industrialization in emerging economies are significantly contributing to the expansion of this market. The growing focus on enhancing productivity and reducing operational costs has encouraged industries to integrate smart motor technologies into their processes, further fueling market growth. Moreover, advancements in communication protocols and IoT (Internet of Things) technologies are enhancing the capabilities of smart motors, making them more appealing to potential users.

Growth Factor of the Market

One of the primary growth factors for the Industrial Smart Motors market is the increasing emphasis on energy efficiency and sustainability. Industries are adopting smart motor solutions to reduce their energy consumption and carbon footprint. Smart motors are designed to optimize performance, thus allowing for significant energy savings. These motors can adapt to changing load conditions and provide better control and monitoring capabilities, ensuring their operation is as efficient as possible. Additionally, governments and regulatory bodies worldwide are implementing stringent energy consumption regulations, pushing industries to transition towards energy-efficient technologies. Furthermore, the integration of IoT technologies in smart motors enhances their functionality, allowing for predictive maintenance, which minimizes downtime and reduces operational costs. The growing trend of automation in manufacturing processes also drives demand for advanced motor systems that can communicate and operate more effectively through various industrial protocols.

Key Highlights of the Market

• The Industrial Smart Motors market is anticipated to witness a CAGR of 7.2% from 2025 to 2035.
• Energy efficiency and sustainability are pivotal drivers of market growth.
• The integration of IoT technologies is revolutionizing motor operations.
• Manufacturing and automotive sectors are the primary consumers of smart motors.
• Emerging economies are becoming significant contributors to market expansion due to industrialization.

By Product Type

Synchronous Motors:

Synchronous motors are known for their high efficiency and ability to maintain a constant speed regardless of the load conditions. These motors are widely utilized in applications that require precise speed control, such as in synchronous generators and large industrial drives. Their ability to provide high torque at lower speeds makes them ideal for various industries, including manufacturing and energy. Moreover, advancements in technology have led to the development of permanent magnet synchronous motors, further enhancing their efficiency and performance. The increasing demand for high-performance motors in sectors like renewable energy is expected to propel the growth of synchronous motors in the coming years.

Asynchronous Motors:

Asynchronous motors, also known as induction motors, are among the most commonly used types of motors in industrial applications. Their simple design, reliability, and low maintenance requirements make them a preferred choice for many applications, including pumps, fans, and compressors. The ability of asynchronous motors to operate efficiently under variable load conditions allows them to be used in diverse environments. The advancements in variable frequency drives (VFDs) have further increased the applicability of asynchronous motors, enabling them to provide enhanced control and energy savings. As industries strive for greater efficiency, the market for asynchronous motors is expected to grow steadily, supported by increased investments in automation and smart manufacturing technologies.

DC Motors:

DC motors are renowned for their ability to provide high torque at low speeds and offer precise speed control, making them ideal for applications that require rapid start-stop capabilities. Their versatility allows them to be used in various industries, including automotive and robotics. The development of brushless DC motors has significantly improved their performance and efficiency, as these motors eliminate the need for brushes, leading to reduced maintenance and increased lifespan. The growing trend towards electrification in transportation and industrial applications is expected to drive the demand for DC motors, particularly in the automotive sector, where they are used in electric and hybrid vehicles.

Servo Motors:

Servo motors are designed for high precision and control, making them essential in applications requiring accurate positioning and speed control, such as robotics, CNC machinery, and automated manufacturing systems. The integration of feedback systems allows servo motors to adjust their operations constantly, providing enhanced performance and reliability. As industries increasingly adopt automation technologies, the demand for servo motors is expected to rise significantly. Additionally, advancements in technology have led to the development of more compact and efficient servo motors, further enhancing their appeal in modern applications. The growing need for precision in manufacturing processes will continue to fuel the growth of the servo motor segment within the larger smart motors market.

Stepper Motors:

Stepper motors are particularly valued for their ability to divide a full rotation into a large number of steps, providing precise control of the rotational position. This characteristic makes them ideal for applications in 3D printers, CNC machines, and robotics, where fine control of movement is critical. With the advent of digital control systems, stepper motors have become even more efficient and easier to integrate into various systems. The rising demand for automation and robotics solutions across industries is expected to drive the growth of stepper motors. Furthermore, advancements in driver technology are enhancing the performance of stepper motors, enabling their use in more complex applications.

By Application

Pumps:

Smart motors are increasingly being used in pump applications due to their ability to optimize energy consumption and improve operational efficiency. By employing smart technologies, these motors can adjust their performance based on real-time demand, thereby reducing energy waste. The integration of sensors and IoT capabilities allows for continuous monitoring and predictive maintenance, which further enhances the reliability and lifespan of the pumping systems. The growing focus on water conservation and efficiency in industrial processes is likely to drive the demand for smart motors in pump applications across various sectors, including water treatment and oil & gas.

Fans:

Fans are essential components in various industrial processes, and the implementation of smart motors in these applications can significantly enhance energy efficiency. Smart motors can adjust their operating speed based on load conditions, thus reducing energy consumption and improving overall system performance. Additionally, the use of smart motors in fans allows for remote monitoring and control, making them an integral part of modern HVAC systems. The increasing demand for energy-efficient solutions in building management and manufacturing processes is expected to boost the adoption of smart motors in fan applications in the coming years.

Compressors:

Compressors are critical in various industrial applications, and the integration of smart motors can optimize their performance significantly. Smart motors can enhance the efficiency of compressors by adjusting their speed according to the actual demand, thereby minimizing energy usage. The ability to monitor performance in real-time allows for predictive maintenance, reducing downtime and increasing reliability. As industries strive for more energy-efficient solutions, the adoption of smart motors in compressor applications is expected to rise, particularly in sectors such as manufacturing and oil & gas where efficiency is paramount.

Conveyors:

Conveyor systems are integral to many manufacturing and logistics processes, and smart motors play a crucial role in enhancing their efficiency. By employing smart motor technologies, conveyor systems can achieve better speed control and energy savings. The ability to integrate these motors with IoT technologies allows for real-time monitoring and optimization of conveyor operations. As industries continue to automate their logistics and manufacturing processes, the demand for smart motors in conveyor applications will likely grow, fueled by the need for increased efficiency and reduced operating costs.

Extruders:

Extruders are vital in various manufacturing processes, particularly in plastics and food production. The use of smart motors in extrusion applications can significantly improve energy efficiency and product quality. These motors can provide precise control over the extrusion process, allowing for better consistency in product output. The integration of smart motor technologies also facilitates predictive maintenance, reducing downtime and enhancing operational efficiency. As the demand for high-quality extruded products continues to rise, the adoption of smart motors in extrusion applications is expected to increase, thereby supporting market growth.

By Communication Protocol

Modbus:

Modbus is one of the most widely used communication protocols in industrial automation, facilitating communication between electronic devices. Its simplicity and reliability make it an ideal choice for connecting smart motors with various control systems. The use of Modbus in smart motors allows for efficient data exchange, enabling real-time monitoring and control of motor operations. As industries increasingly adopt automation technologies, the demand for smart motors utilizing Modbus is expected to grow, driven by the need for seamless integration with existing systems.

Ethernet/IP:

Ethernet/IP is another prominent communication protocol that offers high-speed connectivity for industrial applications. The ability of smart motors to utilize Ethernet/IP allows for enhanced data transfer rates and greater flexibility in network configuration. This protocol supports the integration of multiple devices, enabling comprehensive monitoring and control of motor operations. As industries continue to invest in advanced automation solutions, the adoption of smart motors equipped with Ethernet/IP capabilities is likely to increase, driven by the demand for high-performance communication networks.

Profibus:

Profibus is a robust communication protocol widely utilized in manufacturing and process automation. Its ability to facilitate real-time data exchange and control makes it suitable for smart motor applications. By implementing Profibus, industries can achieve higher levels of automation and efficiency, as it allows for seamless integration of smart motors with other automation components. The increasing focus on industrial automation is expected to drive the demand for smart motors utilizing Profibus, particularly in sectors where precise control is crucial.

Profinet:

Profinet is an advanced industrial communication protocol that enables high-speed data transfer and real-time communication between devices. The adoption of smart motors with Profinet capabilities allows industries to leverage the benefits of fast communication, enhancing operational efficiency and productivity. This protocol supports the integration of various devices, facilitating comprehensive monitoring and control of motor operations. As the trend towards smart manufacturing continues to grow, the demand for smart motors utilizing Profinet technology is anticipated to rise, driven by the need for interconnected systems.

EtherCAT:

EtherCAT is a high-performance communication protocol specifically designed for industrial control applications. Its speed and efficiency make it an ideal choice for smart motors in automation systems. By adopting EtherCAT, industries can achieve precise synchronization and real-time data exchange, enhancing the performance of smart motors. The growing demand for high-speed communication in automation processes is expected to drive the adoption of EtherCAT-capable smart motors, particularly in applications where timing and performance are critical.

By User Industry

Manufacturing:

The manufacturing industry is one of the largest consumers of smart motors, driven by the need for increased efficiency and automation. Smart motors in manufacturing applications allow for precise control of machinery and improved energy efficiency. The ongoing trend towards Industry 4.0 is propelling the adoption of smart motor technologies, as manufacturers seek to enhance productivity and reduce operational costs. Additionally, the ability to integrate smart motors with IoT technologies enables real-time monitoring and predictive maintenance, further contributing to operational efficiency in manufacturing processes.

Oil & Gas:

In the oil & gas industry, smart motors play a critical role in enhancing operational efficiency and reliability. These motors are used in various applications, including pumps, compressors, and drilling equipment. The increasing emphasis on energy efficiency and sustainability in the oil & gas sector drives the demand for smart motor technologies. By integrating smart motors into their operations, companies can achieve significant energy savings and improve the reliability of their equipment. The growing focus on digitalization in the oil & gas industry is expected to further bolster the adoption of smart motors in this sector.

Automotive:

The automotive industry is witnessing a significant shift towards electrification, leading to the increased adoption of smart motors in various applications. Smart motors are essential for electric and hybrid vehicles, providing enhanced performance and efficiency. Additionally, they are utilized in automated manufacturing processes within the automotive sector. The ongoing advancements in motor technology and the rising demand for energy-efficient solutions are expected to drive the growth of smart motors in the automotive industry. As manufacturers strive to meet regulatory requirements and consumer expectations for sustainability, the adoption of smart motors will continue to rise.

Chemical:

Smart motors are extensively used in the chemical industry for applications such as mixing, pumping, and conveying. The ability of smart motors to provide precise control and efficient operation is crucial in this sector, where consistency and quality are paramount. The integration of smart motor technologies enables real-time monitoring and predictive maintenance, significantly enhancing operational efficiency. As the chemical industry increasingly focuses on sustainability and energy efficiency, the demand for smart motors is expected to grow, driven by the need for advanced automation solutions.

Food & Beverage:

The food & beverage industry is embracing smart motor technologies to enhance production efficiency and maintain product quality. Smart motors are utilized in various applications, including processing, packaging, and conveying. The ability to adjust motor performance based on real-time demand allows for optimized energy consumption and improved operational efficiency. Additionally, the integration of smart motors with IoT technologies enables comprehensive monitoring and control, ensuring compliance with food safety regulations. As the food & beverage industry continues to focus on automation and efficiency, the demand for smart motors is expected to rise significantly.

By Region

In North America, the Industrial Smart Motors market is expected to witness significant growth, driven by the strong presence of manufacturing companies and the increasing adoption of automation technologies. The region is projected to account for approximately 30% of the global market share by 2035, with a CAGR of around 6.5% from 2025 to 2035. The demand for energy-efficient solutions and smart technologies in manufacturing processes is a key factor propelling market growth in North America. Additionally, government initiatives aimed at promoting energy efficiency and sustainability are further enhancing the market outlook in this region.

In Europe, the Industrial Smart Motors market is also anticipated to experience substantial growth, with a projected market share of around 28% by 2035. The region's focus on industrial automation and the implementation of energy-efficient technologies are major contributors to this growth. Furthermore, countries like Germany and the UK are leading the charge in adopting smart motors within their manufacturing sectors. The increasing emphasis on sustainability and the implementation of stringent regulations regarding energy consumption are expected to drive the demand for smart motors in Europe, supporting a strong growth trajectory in the coming years.

Opportunities

As industries across the globe continue to embrace automation and digital transformation, the Industrial Smart Motors market stands to benefit significantly from this trend. One of the primary opportunities lies in the increasing demand for Industry 4.0 solutions. As businesses seek to improve efficiency and reduce operational costs, the integration of smart motors within automated systems becomes more essential. The capability of these motors to provide real-time data and integrate seamlessly with other industrial systems creates a compelling case for their adoption. Furthermore, as industries become more focused on sustainability and energy efficiency, there is a growing market for smart motors that can help achieve these goals through optimized performance and reduced energy consumption. The convergence of IoT technologies with motor applications presents another significant opportunity, allowing industries to harness data analytics for predictive maintenance and operational optimization.

Regional markets, particularly in Asia Pacific and Latin America, present notable growth opportunities for the Industrial Smart Motors market. In these regions, rapid industrialization and urbanization are driving demand for efficient motor solutions across various sectors, including manufacturing, automotive, and energy. As more businesses in these regions commit to improving operational efficiency and adopting advanced technologies, the market for smart motors is expected to expand. Additionally, emerging trends such as electrification in transportation and the growing focus on renewable energy sources are likely to create further opportunities for smart motor applications. The ongoing advancements in motor technology and communication protocols will also provide avenues for innovation and market expansion, allowing companies to develop new solutions that cater to evolving industry needs.

Threats

Despite the promising growth outlook for the Industrial Smart Motors market, several threats could hinder its progress. One significant threat is the potential for economic downturns, which can impact industrial investments and spending. When economic conditions are unfavorable, industries may be reluctant to invest in new technologies or equipment, including smart motors. Additionally, the competitive landscape for motor manufacturers is becoming increasingly intense, with numerous companies vying for market share. This competition can lead to price wars, which may adversely affect the profitability of manufacturers and their ability to invest in research and development. Moreover, the rapid pace of technological advancements means that companies must continually innovate to keep up with customer expectations and industry standards, which can place a strain on resources.

Another significant threat to the market is the risk of cyberattacks on smart motor systems, particularly as the integration of IoT technologies increases. As smart motors become more connected and reliant on data exchange, the potential for cyber vulnerabilities also rises. Industries need to prioritize cybersecurity measures to protect their systems and data from malicious attacks, which can lead to operational disruptions and financial losses. Furthermore, regulatory challenges may arise as governments implement new policies and standards related to energy efficiency and emissions, potentially requiring significant investments from manufacturers to comply with these regulations. As such, companies must remain agile and proactive in addressing these threats to ensure their long-term success in the industrial smart motors market.

Competitor Outlook

• Siemens AG
• ABB Ltd.
• Schneider Electric
• Rockwell Automation
• Emerson Electric Co.
• Nidec Corporation
• Yaskawa Electric Corporation
• Baldor Electric Company
• General Electric Company
• Panasonic Corporation
• Delta Electronics, Inc.
• Mitsubishi Electric Corporation
• Omron Corporation
• Honeywell International Inc.
• Tohatsu Co., Ltd.

The competitive landscape of the Industrial Smart Motors market is characterized by a diverse range of players, including both established multinational corporations and emerging companies. Leading manufacturers, such as Siemens AG and ABB Ltd., have a significant market presence due to their extensive product portfolios and strong emphasis on research and development. These companies are continuously innovating to enhance the performance of their smart motors and expand their applications across various industries. Additionally, strategic partnerships and collaborations are common in this market, as companies seek to leverage each other's strengths and technological capabilities to enhance their competitive edge.

The market is also witnessing an influx of new entrants that are focusing on niche applications and innovative technologies. These companies often leverage advanced materials, cutting-edge technology, and unique business models to capture market share in specific segments. For instance, firms specializing in IoT-enabled solutions are increasingly popular, as the demand for connectivity and real-time monitoring in industrial applications continues to rise. Furthermore, the trend of mergers and acquisitions is prevalent, as larger companies seek to consolidate their positions and expand their technological capabilities by acquiring promising startups and specialized firms. This dynamic landscape necessitates that companies remain adaptive and responsive to market changes to maintain their competitive advantage.

Among the major players in the Industrial Smart Motors market, companies like Schneider Electric and Rockwell Automation are at the forefront of integrating smart technologies into their motor solutions. Schneider Electric, known for its commitment to sustainability, is actively developing energy-efficient smart motors equipped with advanced control systems that can significantly reduce energy consumption. Rockwell Automation, on the other hand, focuses on providing comprehensive automation solutions, including smart motors that integrate seamlessly with their industrial control systems, enhancing operational efficiency across various sectors. As the market continues to evolve, these companies are likely to play a pivotal role in shaping the future of smart motor technologies.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ABB Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Siemens AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Nidec Corporation
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Omron Corporation
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Tohatsu Co., Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Schneider Electric
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Rockwell Automation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Emerson Electric Co.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Panasonic Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Baldor Electric Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Delta Electronics, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 General Electric Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Honeywell International Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Yaskawa Electric Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Mitsubishi Electric Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Industrial Smart Motors Market, By Application
    • 6.1.1 Pumps
    • 6.1.2 Fans
    • 6.1.3 Compressors
    • 6.1.4 Conveyors
    • 6.1.5 Extruders
  • 6.2 Industrial Smart Motors Market, By Product Type
    • 6.2.1 Synchronous Motors
    • 6.2.2 Asynchronous Motors
    • 6.2.3 DC Motors
    • 6.2.4 Servo Motors
    • 6.2.5 Stepper Motors
  • 6.3 Industrial Smart Motors Market, By User Industry
    • 6.3.1 Manufacturing
    • 6.3.2 Oil & Gas
    • 6.3.3 Automotive
    • 6.3.4 Chemical
    • 6.3.5 Food & Beverage
  • 6.4 Industrial Smart Motors Market, By Communication Protocol
    • 6.4.1 Modbus
    • 6.4.2 Ethernet/IP
    • 6.4.3 Profibus
    • 6.4.4 Profinet
    • 6.4.5 EtherCAT

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Industrial Smart Motors Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Industrial Smart Motors market is categorized based on

By Product Type

• Synchronous Motors
• Asynchronous Motors
• DC Motors
• Servo Motors
• Stepper Motors

By Application

• Pumps
• Fans
• Compressors
• Conveyors
• Extruders

By Communication Protocol

• Modbus
• Ethernet/IP
• Profibus
• Profinet
• EtherCAT

By User Industry

• Manufacturing
• Oil & Gas
• Automotive
• Chemical
• Food & Beverage

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Siemens AG
• ABB Ltd.
• Schneider Electric
• Rockwell Automation
• Emerson Electric Co.
• Nidec Corporation
• Yaskawa Electric Corporation
• Baldor Electric Company
• General Electric Company
• Panasonic Corporation
• Delta Electronics, Inc.
• Mitsubishi Electric Corporation
• Omron Corporation
• Honeywell International Inc.
• Tohatsu Co., Ltd.