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Global Wireless Motor Monitoring System Market 2020-2024Speak directly to the analyst to clarify any post sales queries you may have.
The wireless motor monitoring system market is poised to grow by $ 100.12 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period. The report on 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the Increasing need for predictive maintenance, rise in adoption of IIoT-connected devices and advantages of using wireless solutions in industrial environment. In addition, increasing need for predictive maintenance is anticipated to boost the growth of the market as well.
The wireless motor monitoring system market analysis includes product segment and geographical landscapes.
The wireless motor monitoring system market is segmented as below:
By Product
- Vibration sensors
- Power sensors
- Dual analog sensors
By Geographical Landscapess
- North America
- Europe
- APAC
- MEA
- South America
This study identifies the adoption of cloud computing 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 evolution of advanced machine condition monitoring sensors will lead to sizable demand in the market.
The report 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.
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., Advantech Co. Ltd., Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Nidec Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Texas Instruments Inc.. 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 on 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 report 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.
This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Market Segmentation by Wireless protocol
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the wireless motor monitoring system market: ABB Ltd., Advantech Co. Ltd., Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Nidec Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Texas Instruments Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is adoption of cloud computing."
According to the report, one of the major drivers for this market is the increasing need for predictive maintenance.
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 a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Advantech Co. Ltd.
- Eaton Corporation Plc
- Emerson Electric Co.
- Honeywell International Inc.
- Nidec Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Texas Instruments Inc.
