Global Motor Monitoring System Market Growth (Status and Outlook) 2023-2029

Global Motor Monitoring System Market Growth (Status and Outlook) 2023-2029

Electrical motors can be found everywhere and their crucial role is to power various equipment in industrial plants. They are supposed to work continually and any interruption in their work can cause serious problems. For instance in chemical and process industries there are huge revenue losses if motor driven cooling pumps stop working properly. Statistics show that motors like other rotating machines suffer from serious faults that can be timely predicted with a monitoring system. The Motor Monitoring System is designed specifically for condition monitoring applications. This report studies the hardware which include many sensors and software and services.
LPI (LP Information)' newest research report, the “Motor Monitoring System Industry Forecast” looks at past sales and reviews total world Motor Monitoring System sales in 2022, providing a comprehensive analysis by region and market sector of projected Motor Monitoring System sales for 2023 through 2029. With Motor Monitoring System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Motor Monitoring System industry.
This Insight Report provides a comprehensive analysis of the global Motor Monitoring System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Motor Monitoring System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Motor Monitoring System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Motor Monitoring System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Motor Monitoring System.
The global Motor Monitoring System market size is projected to grow from US$ 1910.4 million in 2022 to US$ 3037.1 million in 2029; it is expected to grow at a CAGR of 6.8% from 2023 to 2029.
The major producers in this industry are ABB, Schneider Electric and Siemens, whose 2019 revenue accounts for 7.58%, 6.64% and 6.16% respectively. By region, North America had the highest share of income in 2019, at 34.93%.
This report presents a comprehensive overview, market shares, and growth opportunities of Motor Monitoring System market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Hardware
Software and Services
Segmentation by application
Metals and Mining
Oil and Gas
Power Generation
Water and Wastewater
Food and Beverages
Chemicals and Pharmaceutical
Automotive
Aerospace and Defense
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Schneider Electric
Siemens
Emerson
Honeywell
Rockwell Automation
Mitsubishi Electric
Bently Nevada (Baker Hughes)
Qualitrol
Eaton
National Instruments
Dynapar
Megger
Phoenix Contact
Koncar
KCF Technologies
Advantech
Banner Engineering

Please note: The report will take approximately 2 business days to prepare and deliver.