Motor Monitoring Market Demand By Manufacturers, Countries, Type and Application, Forecast to 2030 – CAGR of 7.8% during the forecast period
New Jersey, United States- The Market Research report 2023-2030 is an in-depth analysis of the Global Motor Monitoring Market. On the basis of historic growth analysis and the current scenario of the Motor Monitoring Market place, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate a deeper understanding of multiple aspects of the Global Motor Monitoring Market. This further helps users with their developmental strategy.
The Motor Monitoring Market Is Expected To Grow From An Estimated USD 2.0 Billion In 2022 To USD 2.9 Billion In 2030, At A CAGR Of 7.8% During The Forecast Period.
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What Is The Motor Monitoring Market Overview?
Motor tracking is the process of collecting, sorting, and analyzing real-time data from sensors, detectors, and other equipment parts. The data that has been analyzed is then put through different algorithms and tracking processes by software. So, there are both hardware and software options for motor tracking. Motor monitoring is used in many different industries, including oil and gas, energy and power, aerospace and defense, automobiles, and more. Motor monitoring is the process of keeping an eye on motors, generators, and clutches that are used in a wide range of businesses and are under a lot of stress. Sensors are always attached to the motor to keep track of how well it works.
Who are the Top key players in the Motor Monitoring market?
Banner Engineering, ABB, National Instruments, Megger, Siemens, Honeywell, General Electric, Emerson Electric, Rockwell Automation, Qualitrol, Schneider Electric, Mitsubishi Electric, Advantech, Eaton, Weg Group, Dynapar, KCF Technologies, Phoenix Contact, T.F. Hudgins, Koncar, and Others.
Competitive Landscape:
- In March 2021, GE launched the software suite CONNECTIX and expert services. It includes operations, maintenance and service tools, and solutions that help optimize operations and enable predictive maintenance and cybersecurity service solutions.
- In September 2021, Siemens and Empolis entered into a cooperation agreement to digitize and structure the organizational knowledge of drive systems. With the Empolis Intelligent Views Platform’s knowledge graph, the Siemens and Empolis collaboration strengthens the foundation for insight generation in SI-DRIVE IQ.
- In August 2020, ABB was awarded a contract from Södra to supply 70 ABB Ability Smart Sensors to measure the vibration and performance of numerous electric motors installed on pulp dryers.
Which Is the Most potential Motor Monitoring market segment?
Motor Monitoring Market by Types:
- Hardware Devices
- Software System
Motor Monitoring Market by Applications:
- Metals & Mining
- Power Generation
- Food & Beverages
- Chemicals
- Automotive
- Aerospace & Defense
- Others
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Which Region Dominated The Motor Monitoring Market?
In 2020, North America had a 7% share of the world market for motor tracking. The United States, Canada, and Mexico are all a part of the area market. The area is growing because more people are buying electric vehicles (EVs) and more money is being put into building infrastructure for motor monitoring industries. For example, the World Energy Investment Report 2021 from the International Energy Agency says that utilities in North America spent about $85 billion on electricity generation infrastructure and $246 billion on oil and gas operations in 2020. LMC International says that by 2030, EV and hybrid sales will make up 7 percent and 20 percent, respectively, of all car sales in North America.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Motor Monitoring Market these regions, from 2020 to 2026 (forecast), covering
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
- Historical Years: 2017-2021
- Base Year: 2022
- Estimated Year: 2022
- Forecast Period: 2023-2030
What Is The Main Objective of the Report?
The Global Motor Monitoring market report provides a holistic evaluation of the market for the forecast period (2022-2030). The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. The Motor Monitoring market report growth depends on product application, type, technology, and region. An extended view of regional analysis aims to bring readers closer to market opportunities and risks. It also examines the economic scenarios with the impact of Covid-19 analysis is expected to grow the market on a large and small scale.
Strategic Points Covered in Table of Content of Motor Monitoring Market:
Chapter 1: Introduction
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Motor Monitoring Global Market segmentation
3.2. Motor Monitoring Global Market size and growth prospects, 2015 – 2026
3.3. Motor Monitoring Global Market Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter’s Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Motor Monitoring Global Market Product Outlook
Chapter 5. Motor Monitoring Global Market Application Outlook
Chapter 6. Motor Monitoring Global Market Geography Outlook
6.1. Motor Monitoring Industry Share, by Geography, 2022 & 2030
6.2. North America
6.2.1. Motor Monitoring Market 2022 -2030 estimates and forecast, by product
6.2.2. Motor Monitoring Market 2022 -2030, estimates and forecast, by application
6.2.3. The U.S.
6.2.4. Canada
6.3. Europe
6.3.3. Germany
6.3.4. the UK
6.3.5. France
Chapter 7. Competitive Landscape
Chapter 8. Appendix
Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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