North America Motor Monitoring Market Size, Share & Industry Trends Analysis Report By Offering (Hardware, Software, and Services), By End User, By Monitoring Process, By Deployment, By Country and Growth Forecast, 2021 - 2027

North America Motor Monitoring Market Size, Share & Industry Trends Analysis Report By Offering (Hardware, Software, and Services), By End User, By Monitoring Process, By Deployment, By Country and Growth Forecast, 2021 - 2027

The North America Motor Monitoring Market would witness market growth of 6.9% CAGR during the forecast period (2021-2027).

Visual inspections, non-invasive measurements, performance data, and planned tests were conventionally utilized to monitor a machine for certain thresholds and indicators, and they were conducted at pre-set or predefined intervals. Preventive maintenance solutions rely on a set of procedures being followed on a regular basis. The schedule can be created based on utilization, time, or a combination of both factors. For instance, an oil change can be required every 10,000 rotations, or a component might need to be replaced at a specific period of time, according to the timetable. In such cases, the schedule would be strictly followed irrespective of the health of the lubricants or other parts.

The motor monitoring technique can be referred to as the deployment of sensors, detectors, and other hardware components guided by diverse software algorithms allowing the analysis of errors in a motor. Motor monitoring systems are used in industries such as oil & gas, aerospace & defense, energy & power, and automotive to ensure efficient motor operations. These systems are made up of two components viz. hardware and software. Moreover, various analyses such as oil analysis, ultrasound, motor current analysis, thermography, vibration analysis, and others are used to improve the effectiveness of motor monitoring.

There is a significant amount of electricity that is being generated by the United States annually. According to the data shared by the United States Energy Information Administration, in 2020, approximately 4,007 billion kilowatthours of electricity was generated by utility-scale electricity generation units across the United States. In addition, 790 billion kilowatthours of this electricity was generated from nuclear resources, while 792 billion kilowatthours of electricity was generated from renewable recourses. The process of power generation from all these sources requires efficiency in the motors that are operating the plant. Therefore, to optimize the power generation plants, the demand for motor monitoring systems would increase in this country.

In addition, the awareness of people and governments for energy conservation is increasing in this region. The rising concerns about the rising consumption of electricity, the generation of electricity through renewable energy resources would expedite across this region.

The US market dominated the North America Motor Monitoring Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $761.2 million by 2027. The Canada market is estimated to grow at a CAGR of 9.4% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 8.4% during (2021 - 2027).

Based on Offering, the market is segmented into Hardware, Software, and Services. Based on End User, the market is segmented into Oil & Gas, Aerospace & Defense, Power Generation, Water & wastewater Treatment, Chemical, Food & Beverages, Metals & Mining, and Others. Based on Monitoring Process, the market is segmented into Online and Offline/Portable. Based on Deployment, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Honeywell International, Inc., Schneider Electric SE, Emerson Electric Co., Mitsubishi Electric Corporation, Siemens AG, Rockwell Automation, Inc., General Electric (GE) Co., National Instruments Corporation, and Banner Engineering Corporation.

Scope of the Study

Market Segments covered in the Report:

By Offering

  • Hardware
  • Software, and
  • Services
By End User
  • Oil & Gas
  • Aerospace & Defense
  • Power Generation
  • Water & wastewater Treatment
  • Chemical
  • Food & Beverages
  • Metals & Mining, and
  • Others
By Monitoring Process
  • Online and
  • Offline/Portable
By Deployment
  • On-premise
  • Cloud
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • ABB Group
  • Honeywell International, Inc.
  • Schneider Electric SE
  • Emerson Electric Co.
  • Mitsubishi Electric Corporation
  • Siemens AG
  • Rockwell Automation, Inc.
  • General Electric (GE) Co.
  • National Instruments Corporation
  • Banner Engineering Corporation
Unique Offerings from KBV Research
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Motor Monitoring Market, by Offering
1.4.2 North America Motor Monitoring Market, by End User
1.4.3 North America Motor Monitoring Market, by Monitoring Process
1.4.4 North America Motor Monitoring Market, by Deployment
1.4.5 North America Motor Monitoring Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Oct – 2022, Feb) Leading Players
Chapter 4. North America Motor Monitoring Market by Offering
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Motor Monitoring Market by End User
5.1 North America Oil & Gas Market by Country
5.2 North America Aerospace & Defense Market by Country
5.3 North America Power Generation Market by Country
5.4 North America Water & wastewater Treatment Market by Country
5.5 North America Chemical Market by Country
5.6 North America Food & Beverages Market by Country
5.7 North America Metals & Mining Market by Country
5.8 North America Other End User Market by Country
Chapter 6. North America Motor Monitoring Market by Monitoring Process
6.1 North America Online Market by Country
6.2 North America Offline/Portable Market by Country
Chapter 7. North America Motor Monitoring Market by Deployment
7.1 North America On-premise Market by Country
7.2 North America Cloud Market by Country
Chapter 8. North America Motor Monitoring Market by Country
8.1 US Motor Monitoring Market
8.1.1 US Motor Monitoring Market by Offering
8.1.2 US Motor Monitoring Market by End User
8.1.3 US Motor Monitoring Market by Monitoring Process
8.1.4 US Motor Monitoring Market by Deployment
8.2 Canada Motor Monitoring Market
8.2.1 Canada Motor Monitoring Market by Offering
8.2.2 Canada Motor Monitoring Market by End User
8.2.3 Canada Motor Monitoring Market by Monitoring Process
8.2.4 Canada Motor Monitoring Market by Deployment
8.3 Mexico Motor Monitoring Market
8.3.1 Mexico Motor Monitoring Market by Offering
8.3.2 Mexico Motor Monitoring Market by End User
8.3.3 Mexico Motor Monitoring Market by Monitoring Process
8.3.4 Mexico Motor Monitoring Market by Deployment
8.4 Rest of North America Motor Monitoring Market
8.4.1 Rest of North America Motor Monitoring Market by Offering
8.4.2 Rest of North America Motor Monitoring Market by End User
8.4.3 Rest of North America Motor Monitoring Market by Monitoring Process
8.4.4 Rest of North America Motor Monitoring Market by Deployment
Chapter 9. Company Profiles
9.1 ABB Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.2 Honeywell International, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.3 Schneider Electric SE
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental And Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.4 Emerson Electric Co.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.5 Mitsubishi Electric Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.6 Siemens AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.7 Rockwell Automation, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.8 General Electric (GE) Co.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.9 National Instruments Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.10. Banner Engineering Corporation
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:

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