openPR Logo
Press release

Motor Monitoring Market Sluggish Growth Rate Foreseen by 2022-2028

11-28-2022 07:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Motor Monitoring Market Sluggish Growth Rate Foreseen

The global motor monitoring market is anticipated to grow at a CAGR of 7.6% during the forecast period. Predictive maintenance is a strategy for predicting when the equipment will break and replacing the component before it fails. This aids in the reduction of downtime and the extension of component life. The demand for motor monitoring is increasing as industries are adopting motor monitoring to protect their motors from failure. To cater to the demand the key players are providing motor motoring services to industries. For instance, in July 2020, ABB Group entered into a service agreement with Denka, a Japanese chemical giant. Under the agreement, the ABB Ability Smart Sensors are installed across three plants of Denka in Singapore. 

To Request a Sample of our Report on Motor Monitoring Market:  https://www.omrglobal.com/request-sample/motor-monitoring-market

ABB manages equipment failure risk and conducts or advises on preventive maintenance and repairs using a reliability index and urgency level. If a motor develops a fault, it is repaired at an ABB workshop. If repair is not an option, ABB will replace the motor. ABB provides continuous monitoring of the operating and health parameters of process-critical motors, pumps, and bearings, to keep production running 24/7. The sensors gather data and bring new insight into the operating performance of the assets. The Smart Sensors can detect a higher-than-normal vibration in a motor on a feed roller. ABB's engineers, who monitor the motors, alerted the Denka maintenance team in this way predictive maintenance can protect the motor from failure. 

As part of the service agreement, Denka is embracing ABB's newest Smart Sensor for hazardous areas. The new high-performance sensor carries ATEX, IECEx, and NEC 500 certifications and features an extended battery life and a robust sealed-for-life design. It has an IP66/67 rating and can withstand high levels of vibration, corrosion, and physical impact.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028

Segment Covered- 

By Offerings
By Deployment
By End-Users

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including ABB Group, ALS Ltd., Eaton Corp., Emerson Electric Co., General Electric Co., Honeywell International, Inc., KCF Technologies, Inc., and others.

A full Report of Motor Monitoring Market is Available @  https://www.omrglobal.com/industry-reports/motor-monitoring-market

Motor Monitoring Market Report Segment

By Offerings

Hardware 
Software and Services

By Deployment 

Cloud-Based
On-Premises 

By End-Users 

Automotive
Oil and Gas
Power Generation
Metal and Mining
Others

 Motor Monitoring Market Report Segment by Region

North America                                                                                                                                                                            

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

ABB Group
ALS Ltd.
Eaton Corp.
Emerson Electric Co.
General Electric Co.
Honeywell International, Inc.
KCF Technologies, Inc.
Mitsubishi Electric Corp.
National Instruments Corp.
Parker Hannifin Corp
Rockwell Automation, Inc.
Schneider Electric SE
Siemens AG
SKF 
WEG Group

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/motor-monitoring-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Motor Monitoring Market Sluggish Growth Rate Foreseen by 2022-2028 here

News-ID: 2823145 • Views:

More Releases from Orion Market Research

Document Outsourcing Services Market Size Unlocking New Opportunities for Success
Document Outsourcing Services Market Size Unlocking New Opportunities for Succes …
In 2023, the Global Document Outsourcing Services Market was estimated at USD 9.81 billion, and by 2033, it is anticipated to reach approximately USD 24-25 billion, reflecting an approximate CAGR of around 12.2% from 2024 to 2033. Document Outsourcing Services Market Overview The Document Outsourcing Services Market is witnessing steady growth as organizations increasingly delegate document-intensive processes such as printing, scanning, storage, and data management to specialized service providers. Rising digital transformation
Distribution Automation Market Analysis Current Landscape and Future Outlook
Distribution Automation Market Analysis Current Landscape and Future Outlook
The global Distribution Automation Market was valued at USD 14.5 billion in 2023 and is projected to reach USD 31.7 billion by 2033, representing a compound annual growth rate (CAGR) of approximately 8.14% by 2033. Distribution Automation Market Overview Distribution Automation (DA) is transforming the power sector by integrating intelligent electronic devices, advanced communication networks, and real-time control software to enhance grid reliability and operational efficiency. Growing investment in smart grid modernization,
Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, …
Infrastructure as Code (IaC) Service Market was valued at approximately USD 0.932 billion, and it's projected to expand to around USD 7.509 billion by 2033, achieving a robust CAGR of 23.2% from 2024 to 2033. Infrastructure as Code (IaC) Service Market Overview The Infrastructure as Code (IaC) Service Market is experiencing remarkable expansion, fueled by the escalating need for scalable, automated infrastructure deployment across cloud and enterprise environments. In 2023, the market
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to Understanding the Process
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to …
Ultra High‐Performance Liquid Chromatography (UHPLC) Columns Market is estimated to be valued at USD 2.5 billion, and is projected to grow to approximately USD 4.8 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.8% from 2024 to 2033. Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market Overview The UHPLC columns market is on a strong growth trajectory, fueled by increasing demand for rapid, high-resolution analytical techniques across pharmaceuticals, biotechnology,

All 5 Releases


More Releases for ABB

About ABB - Azerbaijan's Leading Bank
ABB (Azerbaijan International Bank) is one of the largest and most influential financial institutions in Azerbaijan. Established with a strong commitment to innovation, ABB offers a wide range of banking, financial, and digital solutions to individuals and businesses. With a focus on technological advancement and customer satisfaction, ABB continues to shape the modern banking landscape in Azerbaijan. Why Choose ABB? ✅ Strong Market Presence - One of the most trusted banks in
Robotic Dresspack Market | ABB, Becker, BizLink, Doosan
The global robotic dresspack market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the robotic dresspack market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth of the
Substation Automation and Integration market: Drivers, Threats, and Opportunitie …
"QY Research holds tons of experience in offering comprehensive and accurate analysis of global as well as regional markets. The report presented here is an industry-best compilation of detailed and quality research studies on the global Substation Automation and Integration market. It provides SWOT, PESTLE, and other important types of analysis to give a real and complete picture of the current and future scenarios of the global Substation Automation and
The Continuing Growth Story of Railway Management System Market: Hitachi, ABB, A …
A Qualitative Research Study accomplished by HTF MI Title on Global Railway Management System Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2025). The assessment provides a 360 view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In
Collaborative Robots Market 2018 Global Analysis By Key Players – ABB, Fanuc, …
Summary WiseGuyReports.com adds “Collaborative Robots Market 2018 Global and China Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “Collaborative Robots Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Collaborative Robots Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization
Transformer Bushings Market to Witness Huge Growth by 2023 | Key Players: ABB, A …
HTF MI recently introduced Global Transformer Bushings Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are alce elektrik san ve tic as, ARTECHE Group, GIPRO GmbH, SIEMENS