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Global Industrial Speed Monitoring Systems Market 2017-2021

Global Industrial Speed Monitoring Systems Market 2017-2021

About Industrial Speed Monitoring Systems

Industrial speed monitoring systems are devices or equipment that are used in industries to calculate the speed of rotating equipment and control its speed if necessary.

Under the scope of the global industrial speed monitoring systems market, tachometers, safety relays, speed transmitters, speed switches, and rotation direction switches, used for industrial purposes, have been taken into consideration.

Technavio’s analysts forecast the global industrial speed monitoring systems market to grow at a CAGR of 5.42% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial speed monitoring systems market for 2017-2021. To calculate the market size, the report considers the new installations, sales value, and replacement market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Speed Monitoring Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Electro-Sensors
  • Process Control Systems
  • Rockwell Automation
  • Siemens
Other prominent vendors
  • Woodward
  • Eaton
  • Schmersal
  • Barksdale
  • SIGMATEK
  • ifm
  • Enercorp Instruments
  • Banner Engineering
Market driver
  • Minimal repair cost
  • For a full, detailed list, view our report
Market challenge
  • Need for multi-functional industrial speed monitoring systems
  • For a full, detailed list, view our report
Market trend
  • Increasing use of non-contact, non-vibrating devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Speed Monitoring Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial speed monitoring systems market: ABB, Electro-Sensors, Process Control Systems, Rockwell Automation, and Siemens.

Other Prominent Vendors in the market are: Woodward, Eaton, Schmersal, Barksdale, SIGMATEK, ifm, Enercorp Instruments, and Banner Engineering.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of non-contact, non-vibrating devices. The increasing use of non-contact industrial speed monitoring systems is the current trend. Non-contact monitoring devices reduce vibration and wear and tear on the equipment and the device itself. These devices use methods such as the displacement technique to calculate the speed of a rotating component.”

According to the report, one of the major drivers for this market is Minimal repair cost. Industrial speed monitoring systems are sturdy, have a long lifespan, and are designed to withstand wear and tear in an industrial environment. These devices are often exposed to dust, moisture, and heat in industrial workplaces, which might affect the performance. In such conditions, the industrial speed monitoring devices are required to provide accurate data and enable operators to take actions accordingly.

Further, the report states that one of the major factors hindering the growth of this market is Need for multi-functional industrial speed monitoring systems. The growing need for devices that have multi-functional characteristics poses a challenge for the global industrial speed monitoring systems market. Devices such as tachometers or speed switches are limited and can perform a single function. The increasing adoption rate of Industry 4.0 has paved the way for technological advancements in industrial monitoring components. Industrial sensor manufacturing companies have come up with multi-functional sensors, such as sensors for determining and controlling the speed of an axle. To undergo such innovation, manufacturers must incur an additional cost that will result in a slump in revenues. Innovation in industrial speed monitoring devices that can carry out secondary functions in addition to their primary functions are the need of the hour.

Companies Mentioned

ABB, Electro-Sensors, Process Control Systems, Rockwell Automation, Siemens, Woodward, Eaton, Schmersal, Barksdale, SIGMATEK, ifm, Enercorp Instruments, and Banner Engineering.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table List of control devices that use safety relays
      • Table List of applications that use speed transmitters
  • Market landscape
    • Market overview
      • Table Value chain analysis for global industrial speed monitoring systems
      • Table Key stakeholder analysis
    • Market size and forecast
      • Table Global industrial speed monitoring systems market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Market overview
      • Table Global industrial speed monitoring devices by product type 2016 and 2021
    • Global industrial speed monitoring systems market by industrial tachometers
      • Table Global industrial speed monitoring systems market by industrial tachometers 2016-2021 ($ billions)
    • Global industrial speed monitoring systems market by industrial safety relays
      • Table Global industrial speed monitoring systems market by industrial safety relays 2016-2021 ($ billions)
    • Global industrial speed monitoring systems market by industrial speed transmitters
      • Table Global industrial speed monitoring systems market by industrial speed transmitters 2016-2021 ($ billions)
    • Global industrial speed monitoring systems market by industrial speed switches
      • Table Global industrial speed monitoring systems market by industrial speed switches 2016-2021 ($ billions)
    • Global industrial speed monitoring systems market by industrial rotation direction switches
      • Table Global industrial speed monitoring systems market by industrial rotation direction switches 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global industrial speed monitoring devices by geography 2016 and 2021
    • Industrial speed monitoring devices market in Americas
      • Table Industrial speed monitoring systems market in Americas 2016-2021 ($ billions)
    • Industrial speed monitoring systems market in APAC
      • Table Industrial speed monitoring systems market in APAC 2016-2021 ($ billions)
      • Table Key mergers and acquisitions in India 2016
    • Industrial speed monitoring systems market in EMEA
      • Table Industrial speed monitoring systems market in EMEA 2016-2021 ($ billions)
      • Table Expected growth of various industries across geographies during the forecast period
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Lifespan, maintenance cost, and adoption rate of industrial speed monitoring systems
    • Market challenges
      • Table Functions of an intelligent sensor
  • Market trends
    • Increasing use of non-contact, non-vibrating devices
    • Use of Wi-Fi- and Bluetooth-based speed monitoring systems
    • Emergence of devices with inbuilt speed monitoring
  • Vendor landscape
    • Competition overview
  • Key vendor analysis
    • Prominent vendors
    • ABB
      • Table Product offerings of ABB in global industrial speed monitoring systems market
      • Table Recent developments in ABB
    • Electro-Sensors
      • Table Product profile of Electro-Sensors
      • Table Product offerings of Electro-Sensors
      • Table Recent developments in Electro-Sensors
    • Process Control Systems
      • Table Product segments of Process Control Systems
      • Table Product offerings of Process Control Systems in global industrial speed monitoring systems market
    • Rockwell Automation
      • Table Products and services of Rockwell Automation
      • Table Product offerings of Rockwell Automation in global industrial speed monitoring systems market
      • Table Recent developments of Rockwell Automation
    • Siemens
      • Table Product offerings of Siemens in global industrial speed monitoring systems market
      • Table Recent developments in Siemens
    • Other prominent vendors
      • Table List of other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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