Press release
Motor Metering Market Size & Analysis - Forecasts to 2026
Motor Metering Market
Browse 157 Market Data Tables and 117 Figures spread through 187 Pages and in-depth TOC on "Global Motor Metering Market - Forecast to 2026." https://www.globalmarketestimates.com/market-report/global-motor-monitoring-market-2868
By Offering (Software, Services), By Monitoring Process (Portable, Online), By Deployment Type (Cloud, On-Premise), By Vertical (Metal & Mining, Power Generation, Food & Beverages, Automotive, Chemicals, Oil & Gas, Aerospace & Defense, Water & Wastewater, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights
• Motor monitoring is a process of constantly monitoring motors, clutches, and generators, in a wide range of end industries that are characterized by high conditions, with sensors permanently installed on motors to sense their actions.
• Electric motors are subjected to a range of operating and environmental hazards that inflict thermal stress on the windings, lowering the insulating quality and shortening the motor's lifespan.
• However, if electrical devices are not properly maintained, they consume approximately 5% to 10% more electricity, reducing efficiency and revenue.
• During the projected timeframe, the hardware segment is projected to dominate the market. Hardware like probes, sensors, and detectors are used to track the motor's state.
• Over the forecasted timeframe in 2020, the on-premise segment accounted for the largest sales revenue.
• Furthermore, the Asia-Pacific region experienced a substantial CAGR due to the growth of manufacturing industries and growing awareness of the benefits of adopting monitoring solutions.
• Banner Engineering, National Instruments, Siemens, General Electric, Rockwell Automation, Schneider Electric, Advantech, Weg Group, KCF Technologies, T.F. Hudgins, ABB, SKF (Baker Instrument Company), Honeywell, Emerson Electric, Qualitrol, Mitsubishi Electric, Eaton, Dynapar, Phoenix Contact, Koncar among others, are the prime players that compete in the market
Browse the Report @ https://www.globalmarketestimates.com/market-report/global-motor-monitoring-market-2868
Offering Outlook (Revenue, USD Billion, 2021-2026)
• Software
• Services
Monitoring Process Outlook (Revenue, USD Billion, 2021-2026)
• Portable
• Online
Deployment Type Outlook (Revenue, USD Billion, 2021-2026)
• Cloud
• On-Premise
Vertical Outlook (Revenue, USD Billion, 2021-2026)
• Metal & Mining
• Power Generation
• Food & Beverages
• Automotive
• Chemicals
• Oil & Gas
• Aerospace & Defense
• Water & Wastewater
• Others
Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA
Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com/
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