Press release
Global Motor Management Market Overview Analysis
Motor management can be defined as the process of organising the motors and machineries present in a factory. This process of technology integrates the hardware of motors with updated digital software solutions making it feasible through these systems. This process offers significant energy savings and also informs the user regarding the requirement of maintenance of machines. A motor management system helps industries to detect faults by using various sensors and reduced unplanned downtime and increases the lifespan of motors.
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Based on the end user, the oil & gas segment is going to have lucrative growth during the forecast period due to most of the oil & gas industries are adopting automation processes to increase productivity with low operation cost, which is expected to rise demand for the motor management system. The Gulf of Mexico is the major source of oil & gas. By geography, North America is going to have high growth during the forecast period due to growing demand for reducing unplanned industrial downtime and increasing focus on advancing the efficiency of motor-driven equipment and preventive maintenance to avoid unplanned downtime in this region.
Some of the key players profiled in the Motor Management Market include General Electric, Texas Instruments, Siemens AG, Schneider Electric SE, ABB Ltd., Eaton Corporation Plc, Mitsubishi Electric Corporation, Rockwell Automation, Hitachi, Ltd., Analog Devices, Ametek, Nidec Motor Corporation, Nanotec Electronic GmbH & Co KG, WEG and Bosch Rexroth AG.
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