Motor Monitoring Market – Global Opportunities and Forecast, 2020-2027
The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.
Key Drivers of the Motor Monitoring Market:
The significant factors contributing to the growth of the global motor
monitoring market include the rising demand for thermal imaging
applications and the increasing popularity of wireless technologies in the
industrial sector. In the technically advanced business landscape, wireless
technologies gain traction among various industries, such as oil & gas,
chemicals, automotive, and other industries. Several industries have started
deploying wireless technologies as it is easy and cheap to build a device with
wireless communication specialization.
Predictive maintenance has been accepted by industries
worldwide. Locating, defining, and acting on potential problems before they
become disasters is the primary objective of a predictive maintenance program.
Moreover, routine monitoring is the most-effective tactic for identifying
potential areas and can promote invaluable follow-up inspections. Various
issues could be rectified through inspections with the appropriate equipment,
thus avoiding critical downtime and safeguarding more-efficient operations.
Therefore, the motor monitoring process allows plant managers to monitor
down-time, improve plant operations, and identify poor performing equipment.
Additionally, the rapid advancement in the motor monitoring process through
wireless technologies is further propelling the growth of the market.
This report splits the Motor Monitoring Market as
follows:
By Offering:
·
Hardware
o
Vibration
Sensors
o
Infrared
Sensors
o
Corrosion
Probes
o
Ultrasound Detectors
o
Spectrum
Analyzers
o
Others
·
Software
By Monitoring Process:
·
Online
·
Portable
By Deployment:
·
On-Premises
·
Cloud
By Industry:
·
Metals & Mining
·
Oil & Gas
·
Power Generation
·
Water & Wastewater
·
Food & Beverages
·
Chemicals
·
Automotive
·
Aerospace & Defense
·
Others (Agriculture and Electronics &
Semiconductor)
By Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
Competitive Landscape:
The motor monitoring market report also
scans the competitive landscape and profiles the major players operating in the
market including ABB Ltd., Banner Engineering Corporation, National Instruments
Corporation, Emerson Electric Company, SKF AB, Honeywell International Inc,
General Electric Company, Schneider Electric SE, Mitsubishi Electric
Corporation, and Rockwell Automation Inc, among others.
About GMI Research
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