Motor Monitoring Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Motor Monitoring Market size is projected to reach a CAGR of 8.9% to 2028.
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Regional Analysis of Motor Monitoring Market
North America has strong demand for motor monitoring market which is further growing due to increasing maritime trade and growth of electric vehicles and government policies.
Top Key Players of Motor Monitoring Market
· ABB
· Emerson Electric Co.
· Honeywell International Inc.
· Rockwell Automation, Inc.
· Siemens AG
· General Electric
· Parker Hannifin Corporation
· SKF Group
· National Instruments
· ALS Limited
Motor monitoring is the collection, sorting, and analyzation of streamed data from components such as sensors, detectors, and others on the device. The data analysed in then processed through the software using various algorithms and monitoring process. Therefore, motor monitoring is available as the combination of hardware and software. The motor monitoring finds its application in various industry verticals such as oil & gas, energy & power, aerospace & defence, automotive, and others.
Increase in usage of motor monitoring in sports, rise in adoption of motor monitoring in automotive & transportation, and increase in demand for thermal imaging applications are some of the factors that have supported long-term expansion for Motor Monitoring Market.
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Recent Developments of Motor Monitoring Market
In March 2021, General Electric launched CONNECTIX, a software suite and expert services. It includes operations, maintenance, and services tools, and solutions which help to optimize operations and enable predictive maintenance and cyber-secure service solutions.
In September 2021, Siemens and Empolis entered into a collaboration agreement in order to digitalize and structure the organizational knowledge for drive systems. The collaboration of Siemens and Empolis strengthens the foundation for insight generation in SIDRIVE IQ with the help of Empolis Intelligent Views Platform’s knowledge graphs.
Motor Monitoring Market is segmented into offering, deployment, monitoring process, end user and region.
On the basis of Offering
· Hardware
· Software
· Services
On the basis of Deployment
· On-premise
· Cloud
On the basis of Monitoring Process
· Online
· Offline/Portable
On the basis of End-User
· Automotive
· Oil & gas
· Metals & mining
· Power Generation
· Water & wastewater treatment
· Food & beverages
· Chemicals
· Others – Agriculture and Electronics & Semiconductors
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Motor Monitoring Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Motor Monitoring Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
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