Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Motor Monitoring System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Motor Monitoring System. This report contains market size and forecasts of Motor Monitoring System in global, including the following market information:
Global Motor Monitoring System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Motor Monitoring System market was valued at US$ 2009.4 million in 2022 and is projected to reach US$ 3085.1 million by 2029, at a CAGR of 6.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
We surveyed the Motor Monitoring System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Motor Monitoring System Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Motor Monitoring System Market Segment Percentages, by Type, 2022 (%)
Hardware
Software and Services
Global Motor Monitoring System Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Motor Monitoring System Market Segment Percentages, by Application, 2022 (%)
Metals and Mining
Oil and Gas
Power Generation
Water and Wastewater
Food and Beverages
Chemicals and Pharmaceutical
Automotive
Aerospace and Defense
Others
Global Motor Monitoring System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Motor Monitoring System Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Motor Monitoring System revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Motor Monitoring System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Motor Monitoring System, market overview.
Chapter 2: Global Motor Monitoring System market size in revenue.
Chapter 3: Detailed analysis of Motor Monitoring System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Motor Monitoring System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
