The global Motor Monitoring Market size is projected to reach a CAGR of 8.9% from 2022-2028.
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.
COVID-19 has slowed the growth of the motor monitoring, 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 owing to less focus on development of end user’s industry.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 8.9% during the forecasting period, 2021-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
offering, deployment, monitoring process, end user and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
ABB, Emerson Electric Co., Honeywell International Inc., Rockwell Automation, Inc., Siemens AG, General Electric, Parker Hannifin Corporation, SKF Group, National Instruments and ALS Limited |
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Available Customization |
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. |
Motor Monitoring Market is segmented into offering, deployment, monitoring process, end user and region.
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