Latest Research on Global Motor Monitoring Market Forecast 2025
The Infinium Global Research analyzes the Motor Monitoring Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global motor monitoring market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of motor monitoring. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the motor monitoring market during the period. The global motor monitoring market is projected to grow at a CAGR of 7.2% over the forecast period of 2019-2025.
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Motor motoring providing insights for taking better strategic decisions, predictive maintenance, and minimize revenue loss caused by motor failures. This, in turns, drives the growth of the global motor monitoring market. Additionally, the increasing demand for motor monitoring from the various end-user industries such as oil & gas, chemicals, power generation, automotive and aerospace & defense, metals & mining, food & beverages, water & wastewater is also triggering the growth of market. Furthermore, adoption of cloud computing platform, growing awareness regarding wireless technologies in the industrial sector and ongoing research and development activities by key manufacturers in motor monitoring creates growth opportunities for the global motor monitoring market.
Motor Monitoring Market: Segmentation
The report on global motor monitoring market has been broadly offerings, monitoring process, deployment and end-user industries. Based on Offerings, the market is further bifurcated into the hardware and software. The monitoring process segment is further sub-segmented into online and portable. The online motor monitoring segment is anticipated to witness the fastest growth during forecast period owing to its ability to provides real-time data to the operators. On the basis of end-user industries, the market is segmented into oil and gas, automotive, power generation, metals and mining, food and beverages, chemicals, aerospace and defense and other end-user industries.
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Asia Pacific Motor Motoring Market is Expected to Witness the Fastest Growing Region
Geographically, the motor monitoring market is compromised with North America, Europe, Asia Pacific and RoW. The Asia Pacific motor motoring market is expected to witness the fastest growing region throughout the forecast period owing to the presence of a strong industrial base. Additionally, countries such as China, India, and Japan is contributing major share in the Asia Pacific motor motoring market. North America dominates the motor motoring market. This is due to the adoption of advanced technologies, developments in cloud computing and the presence of major manufacturers in this region. The Middle East and Africa is expected to hold the least share in the global motor monitoring Market.
Motor Monitoring Market: Competitive Analysis
The global motor monitoring market comprises with the players Qualitrol, Rockwell Automation, Inc., The Emerson Electric Co., General Electric Company, Honeywell International Inc., Siemens AG, National Instruments Corporation, ABB, Banner Engineering India Pvt. Ltd. and Other Companies. These players are adopting strategies such as product launches and developments, in order to maintain their market position. For instance, GE Oil & Gas launched TransPort PT900 Portable Ultrasonic Flow Meter, a clamp-on meter for liquid flow measurement.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the motor monitoring.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.