Research Reports
Motor Monitoring Market to surpass a valuation of US$ 2.9 Billion by 2026 – Comprehensive Research Report by FMI
Published by Uma Rajagopal
Posted on February 8, 2022
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Published by Uma Rajagopal
Posted on February 8, 2022
Motor Monitoring Market – Analysis, Outlook, Growth, Trends, Forecasts
DUBAI, United Arab Emirates, The Motor Monitoring Market size is projected to grow at a rate of 8% CAGR during the forecast period to surpass a valuation of US$ 2.9 Bn by 2026, from US$ 2 Bn in 2021. Key motor monitoring market trends include the high popularity of predictive maintenance, which underpins healthy sales prospect.
According to a recent Motor Monitoring Market report by Future Market Insights (FMI), the motor monitoring market is anticipated to advance at a healthy CAGR of 8% during the forecast period 2022-2032.
The increasing use of wireless communication technology in machine condition monitoring and the rising demand for predictive maintenance are two crucial factors driving the growth of the motor monitoring system market.
| Attributes | Details |
| Motor Monitoring Market CAGR (2022 – 2032) | 8% |
| Motor Monitoring Market (2026) | US$ 2.9 Bn |
| Motor Monitoring Market Attraction | Mandatory implementation of energy audit in developed regions to offer opportunities |
Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-14260
The trend in the automotive industry toward automated systems has mandated the use of a motor monitoring system. In addition, the need for motor monitoring systems has grown as the demand for efficient working systems has increased for greater performance and fuel efficiency.
Motor monitoring sensors are widely used in airplanes, buses, cranes, and trucks in the aerospace industry. The seamless integration of autonomous Electric motors in aerospace and aviation is optimistic for market expansion.
Initiatives to modernize existing power infrastructure to fulfill global energy demand has boosted the global adoption of the motor control market. The increased use of predictive maintenance and other motor monitoring modules prompts businesses to hire a data analysis staff. To obtain accurate information on the health of motors, this team should be well-versed on motors as well as their operation in a specific machine.
As a result, the indirect cost to businesses will rise. During the forecast period, the scarcity of skilled professionals at reasonable prices is the primary factor limiting motor monitoring market growth.
For any Queries Related with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14260
Scope of the Report
| Attributes | Motor Monitoring Market | Motor Control Centers Market | Machine Condition Monitoring System Market |
| CAGR (2022 – 2032) | 8% | 6.5% | 7.3% |
| Market Value (2026) | US$ 2.9 Bn | US$ 6.5 Bn | US$ 3.6 Bn |
| Growth Factor | Growing demand for motor monitoring systems from aerospace and automotive industry to sustain growth opportunities. | Increasing power generation capacity to improve sales prospect in Asia Pacific. | Use of wireless technology to support growth. |
| Opportunity | High adoption of EVs in Europe to open new channel of revenue. | Rising uptime in industrial plant provide opportunities for the adoption of motor control centers. | Investment in the development of vibration monitoring techniques to offer opportunities. |
| Key Trends | Improvements in motor monitoring devices to enhance efficiency can boost adoption. | Inorganic growth through acquisitions and mergers are the go-to- market move. | Collaborations and product launches to upkeep growth momentum. |
KEY TAKEAWAYS:
We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14260
Novel solution offerings and predictive analytics integration are the key drivers facilitating innovation in the motor monitoring system market through product differentiation. There are several key companies in the motor monitoring market, including ABB Group and Siemens AG The following are recent market developments:
Product launch, product development, collaboration, partnership, and other market tactics are used by organizations to increase the motor monitoring market share.
Explore FMI’s Extensive ongoing Coverage on Technology Domain
Portable Monitor Market – The portable monitors are very slim, light weight and are easy to collaborate with most of the electronic devices. Usually simple monitors are quite bulky and a person cannot carry them everywhere, so the portable monitors are designed to overcome these challenges.
Livestock Monitoring System Market – Nowadays, animals are produced intensively and maintained under optimal conditions for growth and production within current technological limits. The majority of animals are constrained within a building or stockyard for most of the times.
Application Metrics and Monitoring Tools Market – Application metrics and monitoring tools refers to comprehensive set of tools which measure and monitor performance of applications and solutions used by companies to carry out their business operations to an optimized level.
Refrigeration Monitoring Market – The rise in food retail chains in the developing regions and the increasing demand of refrigeration systems in grocery stores, super markets, convenience stores and specialty food stores to drive the growth of the global refrigeration monitoring market.
Condition Monitoring Sensors Market – Condition monitoring sensors and analysis software enable real-time monitoring via condition sensing devices that help monitor industrial processes and systems and improves availability and reliability.
Pollution Monitoring Equipment Market – The global pollution monitoring equipment market is segmented on the basis of pollution type, equipment type, end-user, and by region. On the basis of pollution type, the global pollution monitoring equipment market can be segmented into air pollution, noise pollution, water pollution, and soil pollution.
Water Level & Storage Monitoring Software Market – Real-time water level & storage monitoring provides a solution to monitor water levels and access data via the internet remotely. This remote monitoring system also sends notifications when critical water levels are reached.
Connected RHM (Remote Healthcare Monitoring) Market – Connected RHM market is growing rapidly due increasing need of healthcare services for round the clock. Connected RHM solutions make use of healthcare monitoring devices to perform healthcare test on patient without any human intervention from anywhere at any time.
Remote Electrocardiogram Monitoring Market – Telemedicine is using Information Technology and telecommunications to provide medical assistance from a distance. It became especially widespread in the 20th century due to advances in both these fields.
Indoor Air Quality Monitor Market – Quality of air inside the living premises, where an average person spends most of their time, is known as indoor air quality. Aim of indoor air quality monitoring is to achieve a healthy and safe indoor air environment, that means to check whether there is an adequate ventilation, temperature and humidity level at preferable point.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Report: https://www.futuremarketinsights.com/reports/motor-monitoring-market
Press Release Source: https://www.futuremarketinsights.com/press-release/motor-monitoring-market
Motor Monitoring Market – Analysis, Outlook, Growth, Trends, Forecasts
DUBAI, United Arab Emirates, The Motor Monitoring Market size is projected to grow at a rate of 8% CAGR during the forecast period to surpass a valuation of US$ 2.9 Bn by 2026, from US$ 2 Bn in 2021. Key motor monitoring market trends include the high popularity of predictive maintenance, which underpins healthy sales prospect.
According to a recent Motor Monitoring Market report by Future Market Insights (FMI), the motor monitoring market is anticipated to advance at a healthy CAGR of 8% during the forecast period 2022-2032.
The increasing use of wireless communication technology in machine condition monitoring and the rising demand for predictive maintenance are two crucial factors driving the growth of the motor monitoring system market.
| Attributes | Details |
| Motor Monitoring Market CAGR (2022 – 2032) | 8% |
| Motor Monitoring Market (2026) | US$ 2.9 Bn |
| Motor Monitoring Market Attraction | Mandatory implementation of energy audit in developed regions to offer opportunities |
Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-14260
The trend in the automotive industry toward automated systems has mandated the use of a motor monitoring system. In addition, the need for motor monitoring systems has grown as the demand for efficient working systems has increased for greater performance and fuel efficiency.
Motor monitoring sensors are widely used in airplanes, buses, cranes, and trucks in the aerospace industry. The seamless integration of autonomous Electric motors in aerospace and aviation is optimistic for market expansion.
Initiatives to modernize existing power infrastructure to fulfill global energy demand has boosted the global adoption of the motor control market. The increased use of predictive maintenance and other motor monitoring modules prompts businesses to hire a data analysis staff. To obtain accurate information on the health of motors, this team should be well-versed on motors as well as their operation in a specific machine.
As a result, the indirect cost to businesses will rise. During the forecast period, the scarcity of skilled professionals at reasonable prices is the primary factor limiting motor monitoring market growth.
For any Queries Related with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14260
Scope of the Report
| Attributes | Motor Monitoring Market | Motor Control Centers Market | Machine Condition Monitoring System Market |
| CAGR (2022 – 2032) | 8% | 6.5% | 7.3% |
| Market Value (2026) | US$ 2.9 Bn | US$ 6.5 Bn | US$ 3.6 Bn |
| Growth Factor | Growing demand for motor monitoring systems from aerospace and automotive industry to sustain growth opportunities. | Increasing power generation capacity to improve sales prospect in Asia Pacific. | Use of wireless technology to support growth. |
| Opportunity | High adoption of EVs in Europe to open new channel of revenue. | Rising uptime in industrial plant provide opportunities for the adoption of motor control centers. | Investment in the development of vibration monitoring techniques to offer opportunities. |
| Key Trends | Improvements in motor monitoring devices to enhance efficiency can boost adoption. | Inorganic growth through acquisitions and mergers are the go-to- market move. | Collaborations and product launches to upkeep growth momentum. |
KEY TAKEAWAYS:
We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14260
Novel solution offerings and predictive analytics integration are the key drivers facilitating innovation in the motor monitoring system market through product differentiation. There are several key companies in the motor monitoring market, including ABB Group and Siemens AG The following are recent market developments:
Product launch, product development, collaboration, partnership, and other market tactics are used by organizations to increase the motor monitoring market share.
Explore FMI’s Extensive ongoing Coverage on Technology Domain
Portable Monitor Market – The portable monitors are very slim, light weight and are easy to collaborate with most of the electronic devices. Usually simple monitors are quite bulky and a person cannot carry them everywhere, so the portable monitors are designed to overcome these challenges.
Livestock Monitoring System Market – Nowadays, animals are produced intensively and maintained under optimal conditions for growth and production within current technological limits. The majority of animals are constrained within a building or stockyard for most of the times.
Application Metrics and Monitoring Tools Market – Application metrics and monitoring tools refers to comprehensive set of tools which measure and monitor performance of applications and solutions used by companies to carry out their business operations to an optimized level.
Refrigeration Monitoring Market – The rise in food retail chains in the developing regions and the increasing demand of refrigeration systems in grocery stores, super markets, convenience stores and specialty food stores to drive the growth of the global refrigeration monitoring market.
Condition Monitoring Sensors Market – Condition monitoring sensors and analysis software enable real-time monitoring via condition sensing devices that help monitor industrial processes and systems and improves availability and reliability.
Pollution Monitoring Equipment Market – The global pollution monitoring equipment market is segmented on the basis of pollution type, equipment type, end-user, and by region. On the basis of pollution type, the global pollution monitoring equipment market can be segmented into air pollution, noise pollution, water pollution, and soil pollution.
Water Level & Storage Monitoring Software Market – Real-time water level & storage monitoring provides a solution to monitor water levels and access data via the internet remotely. This remote monitoring system also sends notifications when critical water levels are reached.
Connected RHM (Remote Healthcare Monitoring) Market – Connected RHM market is growing rapidly due increasing need of healthcare services for round the clock. Connected RHM solutions make use of healthcare monitoring devices to perform healthcare test on patient without any human intervention from anywhere at any time.
Remote Electrocardiogram Monitoring Market – Telemedicine is using Information Technology and telecommunications to provide medical assistance from a distance. It became especially widespread in the 20th century due to advances in both these fields.
Indoor Air Quality Monitor Market – Quality of air inside the living premises, where an average person spends most of their time, is known as indoor air quality. Aim of indoor air quality monitoring is to achieve a healthy and safe indoor air environment, that means to check whether there is an adequate ventilation, temperature and humidity level at preferable point.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Report: https://www.futuremarketinsights.com/reports/motor-monitoring-market
Press Release Source: https://www.futuremarketinsights.com/press-release/motor-monitoring-market