Global Wireless Motor Monitoring System Market 2024-2028

Global Wireless Motor Monitoring System Market 2024-2028

The wireless motor monitoring system market is forecasted to grow by USD 118.48 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the wireless motor monitoring system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increasing need for predictive maintenance, a rise in the adoption of IoT-connected devices, and the advantages of using wireless solutions in the industrial environment.

Technavio's wireless motor monitoring system market is segmented as below:

By Product

• Vibration sensors
• Power sensors
• Dual analog sensors

By End-user

• Oil and gas
• Automotive
• Water and wastewater industry
• Food and beverage
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the emergence of a cloud-based motor condition monitoring system as one of the prime reasons driving the wireless motor monitoring system market growth during the next few years. Also, emerging demand for sensors with mobile software and the rising use of wireless sensor networks (WSNs) will lead to sizable demand in the market.

The report on the wireless motor monitoring system market covers the following areas:

• Wireless motor monitoring system market sizing
• Wireless motor monitoring system market forecast
• Wireless motor monitoring system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wireless motor monitoring system market vendors that include ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Fluke Corp., General Electric Co., Honeywell International Inc., Infineon Technologies AG, K. A. Schmersal Holding GmbH and Co. KG, Mitsubishi Electric Corp., Moxa Inc., OleumTech Corp., OMRON Corp., Pepperl and Fuchs SE, Phoenix Contact GmbH and Co. KG, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.. Also, the wireless motor monitoring system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth