Global Motor Monitoring Systems Market Analysis–Trends, Insights and Forecasts (2021-2027)

  • Publish Date
    March 3, 2022
  • No of Pages
    360
  • SKU Code
    GIR 8048
  • Format

Report Overview

The report will cover the overall analysis and insights in relation to the size and growth rate of the ” Global Motor Monitoring Systems Market ” by various segments at a global and regional level for the 2000-2027 period, with 2000-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

COVID 19 Impacts on Motor Monitoring Systems

COVID-19 is a new strain of coronavirus that has not been previously identified in humans . Coronaviruses (CoV) are a family of RNA (ribonucleic acid) viruses. COVID-19 started in Asia and is now spreading over the rest of the world via person-to-person contact and community spread. COVID-19 pandemic may have an potential impacts on Global Motor Monitoring Systems Market. COVID-19 has slowed the growth of the Motor monitoring systems, as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. This adversely affected the Motor monitoring systems owing to less focus on development of end user’s industry.

Report Includes

  • The report provides a basic overview of the industry including definitions, classifications and industry chain structure.
  • A brief overview of the commercial potential of products, technologies and applications.
  • Company profiles of leading market participants dealing in products category.
  • Description of properties and manufacturing processes.
  • To analyze and forecast the market size in terms of volume and value
  • Discussion of the current state, setbacks, innovations, and the future needs of the market.
  • Detailed discussion regarding impact of product on demand
  • Up-to-date analyses of market trends and technological improvements in the market
  • Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • The report focuses on detailed profile of major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
  • Coverage of historical overview, key industrial development and regulatory framework.
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market

Reports Scope and Segments

  • The scope of the report covers the clear understanding and overview of the product.
  • The report covers discussion of economic trends and technology.
  • It also explains the major drivers and current trends within the particular sector.
  • The key countries in all the major regions are mapped on the basis of their market share.
  • Market estimates represent revenue.
  • Discusses trends within the market and provides a future outlook.
  • Reviews business activities of market leaders.
  • This report provides a quantitative analysis of the current trends, estimations, and dynamics.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope
  • Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By Component
Oscilloscopes; Signal generators; Arbitrary waveform generators; Spectrum analyzers; Electronic counters and Others.
By Product Category
Vibration monitoring equipment; Online vibration monitoring systems; Corrosion monitoring; Oil condition monitoring market analysis and Others
By End Users
Oil & gas; Manufacturing; Energy; Automotive and Others
Companies covered ABB; Advantech; Banner Engineering; Bently Nevada (Baker Hughes); Dynapar; Emerson; Eaton; Honeywell; Koncar; KCF Technologies; Mitsubishi Electric; Megger; National Instruments; Rockwell Automation; Qualitrol; Schneider Electric; Siemens and Others.

Recent Developments in Global Motor Monitoring Systems 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.
  • In August 2020, ABB received a contract from Södra to provide 70 ABB Ability Smart Sensors in order to measure vibrations and performance of numerous motors installed on a pulp dryer.
  • In December 2019, SFK entered into a partnership with Nornickel Harjavalta. SFK provided condition monitoring and lubrication management to support a continuous improvement process. Nornickel has also decided to deploy condition monitoring system, SKF Enlight ProCollect, in the rest of their plant following a successful pilot project in 2021.

Key Market Players in Global Motor Monitoring Systems market

  • The major players in the Global Motor Monitoring Systems market are ABB; Advantech; Banner Engineering; Bently Nevada (Baker Hughes); Dynapar; Emerson; Eaton; Honeywell; Koncar; KCF Technologies; Mitsubishi Electric; Megger; National Instruments; Rockwell Automation; Qualitrol; Schneider Electric; Siemens and Others.
  • Also, the Motor Monitoring Systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Report coverage

  • Recent Trend and Developments: The major players operating in the global market have adopted key strategies such as product launch and acquisition to strengthen their market outreach and sustain the stiff competition in the market.
  • Key Market Players: Key players list and Key companies profiled in this market include.
  • Revenue forecast, company share, competitive landscape and growth factors.

Objectives of the study

To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the respective market. To analyze the competitive intelligence of players based on company profiles and their key growth strategies. To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total respective market. To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the respective market. A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

Note –

  • Global Industry Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
  • Also, you can buy some selected Chapters from the report.

 

INTRODUCTION

Objectives of the study

Global Motor Monitoring Systems market definition

Global Motor Monitoring Systems market scope

Global Motor Monitoring Systems market Stakeholders

Global Motor Monitoring Systems market Limitations

Summary of changes

RESEARCH METHODOLOGY

Research data

Secondary data

Primary data

Global Motor Monitoring Systems market size estimation

Global Motor Monitoring Systems market breakdown & data triangulation

Global Motor Monitoring Systems market share analysis

Global Motor Monitoring Systems market Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario

EXECUTIVE SUMMARY

GLOBAL MOTOR MONITORING SYSTEMS MARKET OUTLOOK / MARKET OVERVIEW

Introduction

Market dynamics

Market drivers

Countries

Market restraints

Opportunities

Challenges

INDUSTRY INSIGHTS

Introduction

Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis

IMPACT OF COVID-19 ON THE GLOBAL MOTOR MONITORING SYSTEMS MARKET

GLOBAL MOTOR MONITORING SYSTEMS MARKET BY COMPONENTS

Oscilloscopes

Signal generators

Arbitrary waveform generators

Spectrum analyzers

Electronic counters

and Others.

GLOBAL MOTOR MONITORING SYSTEMS MARKET BY PRODUCT CATEGORY

Vibration monitoring equipment

Online vibration monitoring systems

Corrosion monitoring

Oil condition monitoring market analysis

and Others

GLOBAL MOTOR MONITORING SYSTEMS MARKET BY END USER

Oil & gas

Manufacturing

Energy

Automotive

and Others

GLOBAL MOTOR MONITORING SYSTEMS MARKET BY GEOGRAPHY

Overview

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa

GLOBAL MOTOR MONITORING SYSTEMS MARKET COMPETITIVE LANDSCAPE

Introduction

Footprint analysis of the top players in the global Motor Monitoring Systems market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario

COMPANY PROFILES

(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. ABB
    1. ABB
    2. Advantech
    3. Banner Engineering
    4. Bently Nevada (Baker Hughes)
    5. Dynapar
    6. Emerson
    7. Eaton
    8. Honeywell
    9. Koncar
    10. KCF Technologies
    11. Mitsubishi Electric
    12. Megger
    13. National Instruments
    14. Rockwell Automation
    15. Qualitrol
    16. Schneider Electric
    17. Siemens
    18. Others 20+

APPENDIX

  • Discussion guide
  • Available customizations
  • Related reports

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

The major players in the Global Motor Monitoring Systems market are ABB; Advantech; Banner Engineering; Bently Nevada (Baker Hughes); Dynapar; Emerson; Eaton; Honeywell; Koncar; KCF Technologies; Mitsubishi Electric; Megger; National Instruments; Rockwell Automation; Qualitrol; Schneider Electric; Siemens; and Others.

The Motor Monitoring Systems industry registered a stable CAGR of 6.5 % over the past 6 years.

Players in this market have adopted expansions, acquisitions, and agreements strategies to increase their market share.

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.

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