Motor Monitoring Market by Offering (Hardware, Software), Monitoring Process (Online, Portable), Deployment, Industry (Oil & Gas, Power Generation, Metals & Mining, Water & Wastewater, Automotive), and Region - Global Forecast to 2023

Motor Monitoring Market by Offering (Hardware, Software), Monitoring Process (Online, Portable), Deployment, Industry (Oil & Gas, Power Generation, Metals & Mining, Water & Wastewater, Automotive), and Region - Global Forecast to 2023

“Overall motor monitoring market to grow at CAGR of 7.4% from 2018 to 2023”
The motor monitoring market is expected to grow from USD 1.6 billion in 2018 to USD 2.3 billion by 2023, at a CAGR of 7.4% between 2018 and 2023. The growing prominence of predictive maintenance and increasing need to minimize revenue loss caused by motor faults are driving the growth of the motor monitoring market. Further, the growing popularity of wireless technologies in the industrial sector is also contributing to the growth of the motor monitoring market. However, lack of faith in prediction capabilities of motor monitoring technology is a major factor limiting the market growth.

“Online motor monitoring process to continue to hold larger share of market during forecast period”
The online monitoring process is expected to continue to hold a larger share of the motor monitoring market during the forecast period. The online motor monitoring systems include a sequence of sensors permanently mounted on motors for sensing their behavior. These sensors are connected to output devices such as monitors, analyzers, and central servers, and transmit data to plant operators either through a wireless network or cable network. Online monitoring processes are used in several production-intensive industries, such as oil & gas, power generation, and mining, where any failure may lead to a high cost.

“Motor monitoring market for automotive industry to grow at highest CAGR from 2018 to 2023”
The market for automotive is expected to grow at a significant CAGR during the forecast period. With the changing customer requirements, the automotive players are facing challenges regarding the implementation of a solution for effective quality management, while keeping the production levels up. Quality management is directly related to the health of motors in the machines used to design and manufacture automobiles. The motor monitoring solutions help reduce the bottlenecks in the assembly line, thereby keeping production levels up to the mark.

“APAC likely to witness highest growth in overall market during forecast period”
APAC is expected to overtake North America to lead the motor monitoring market by 2023 and is also expected to be the fastest-growing region during the forecast period. The region has a huge industrial sector with the presence of several manufacturing units of big companies. It has become a global focal point for large investments and business expansion opportunities. Therefore, there is a continuous demand for motor monitoring solutions in APAC.

Break-up of the profiles of primary participants is as follows:
By Company Type: Tier 1 - 65%, Tier 2 - 10%, and Tier 3 - 25%
By Designation: C-Level Executives - 74% and Others - 26%
By Region: North America - 35%, Europe - 15%, APAC - 40%, and RoW - 10%

Banner Engineering (US), ABB (Switzerland), National Instruments (US), SKF (Sweden), Siemens (Germany), Honeywell (US), General Electric (US), Emerson Electric (US), Rockwell Automation (US), Qualitrol (US), Schneider Electric (France), Mitsubishi Electric (Japan), Advantech (Taiwan), Eaton (Ireland), WEG (Brazil), Dynapar (US), KCF Technologies (US), Phoenix Contact (Germany), T.F. Hudgins (US), and Koncar (Croatia) are a several of the players operating in the motor monitoring ecosystem.

Research Coverage:
This research report segments the global motor monitoring market based on offering, monitoring process, deployment, industry, and geography. The report discusses major drivers, restraints, challenges, and opportunities pertaining to the motor monitoring market and also includes value chain analysis of this industry. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report would help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall motor monitoring market and the subsegments. It is also likely to help stakeholders understand the competitive landscape and gain more insights to better position their businesses as well as to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES FOR MOTOR MONITORING MARKET
    • MOTOR MONITORING MARKET, BY OFFERING
    • MOTOR MONITORING MARKET, BY INDUSTRY
    • MOTOR MONITORING MARKET IN NORTH AMERICA, BY INDUSTRY AND COUNTRY
    • MOTOR MONITORING MARKET: MAJOR COUNTRIES
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
  • MOTOR MONITORING MARKET, BY OFFERING
    • INTRODUCTION
      • Table MOTOR MONITORING MARKET, BY OFFERING, 2015-2023 (USD MILLION)
    • HARDWARE
      • Table MOTOR MONITORING HARDWARE MARKET, BY COMPONENT TYPE, 2015-2023 (USD MILLION)
      • VIBRATION SENSORS
      • INFRARED SENSORS
      • CORROSION PROBES
      • ULTRASOUND DETECTORS
      • SPECTRUM ANALYZERS
    • SOFTWARE
      • SOFTWARE PLAY A CRUCIAL ROLE IN ANALYZING DATA FOR PREDICTIVE MAINTENANCE OF MOTORS
  • MOTOR MONITORING MARKET, BY MONITORING PROCESS
    • INTRODUCTION
      • Table MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2015-2023 (USD MILLION)
    • ONLINE
      • ONLINE MONITORING PROCESS ESSENTIAL FOR PLANTS RUNNING THROUGHOUT A DAY.
    • PORTABLE
      • PORTABLE MONITORING PROCESS IS SIGNIFICANTLY USED IN SMALL MOTORS
  • MOTOR MONITORING SOFTWARE MARKET, BY DEPLOYMENT
    • INTRODUCTION
      • Table MOTOR MONITORING SOFTWARE MARKET, BY DEPLOYMENT, 2015-2023 (USD MILLION)
    • ON-PREMISES
      • ON-PREMISE DEPLOYMENT ENSURES FULL CONTROL TO ACCESS THE REQUIRED DATA WITH REQUIRED SECURITY
    • CLOUD-BASED
      • LOW INITIAL INVESTMENT AND SERVER MAINTENANCE COST TO DRIVE CLOUD-BASED MOTOR MONITORING SOLUTION DEMAND
  • MOTOR MONITORING MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table MOTOR MONITORING MARKET, BY INDUSTRY, 2015-2023 (USD MILLION)
    • OIL & GAS
      • GROWING NEED TO CUT OPERATING COSTS AND IMPROVE EFFICIENCY IN THE PLANT TO INCREASE DEMAND IN OIL & GAS INDUSTRY
        • Table MOTOR MONITORING MARKET FOR OIL & GAS, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR OIL & GAS IN ROW, BY REGION, 2015-2023 (USD MILLION)
    • METALS & MINING
      • NEED TO REDUCE DOWNTIME AND IMPROVE OPERATIONAL PRODUCTIVITY TO DRIVE MOTOR MONITORING SALE IN METAL & MINING INDUSTRY
        • Table MOTOR MONITORING MARKET FOR METALS & MINING, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR METALS & MINING IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR METALS & MINING IN ROW, BY REGION, 2015-2023 (USD MILLION)
    • POWER GENERATION
      • POWER GENERATION INDUSTRY ARE INCREASING IT EXPENDITURE TO FACE A CHALLENGE TO MEET GLOBAL ENERGY REQUIREMENTS WITH LIMITED RESOURCE
        • Table MOTOR MONITORING MARKET FOR POWER GENERATION, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR POWER GENERATION IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR POWER GENERATION IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
    • AUTOMOTIVE
      • MOTOR MONITORING REDUCES THE BOTTLENECKS IN THE ASSEMBLY LINE TO KEEP AUTOMOBILE PRODUCTION LEVELS AS PER DEMAND
        • Table MOTOR MONITORING MARKET FOR AUTOMOTIVE, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR AUTOMOTIVE IN EUROPE, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR AUTOMOTIVE IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
    • CHEMICALS
      • DIGITIZATION OF PLANT OPERATIONS WITH MOTOR MONITORING TO ELIMINATE MOTOR FAILURE AND REDUCE DOWNTIME
        • Table MOTOR MONITORING MARKET FOR CHEMICALS, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR CHEMICALS IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR CHEMICALS IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
    • WATER & WASTEWATER
      • USE OF MOTOR MONITORING IN WATER AND WASTEWATER OPTIMIZES THE WATER SUPPLY AND WASTEWATER TREATMENT PROCESSES
        • Table MOTOR MONITORING MARKET FOR WATER & WASTEWATER, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR WATER AND WASTEWATER IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR WATER AND WASTEWATER IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
    • FOOD & BEVERAGES
      • NEED FOR MOTOR MONITORING SOLUTION TO REDUCE THE OVERHEAD COST TO KEEP THE PROFIT MARGIN HIGH
        • Table MOTOR MONITORING MARKET FOR FOOD & BEVERAGES, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR FOOD & BEVERAGES IN NOTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR FOOD & BEVERAGES IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
    • AEROSPACE & DEFENSE
      • HIGH UNPLANNED DOWNTIME IN CRITICAL SITUATION DUE TO MOTOR FAILURE IN AEROSPACE & DEFENSE INDUSTRY TO INCREASE MOTOR MONITORING DEMAND
        • Table MOTOR MONITORING MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR AEROSPACE & DEFENSE IN NOTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY 2015-2023 (USD MILLION)
    • OTHERS
      • SEMICONDUCTOR AND AGRICULTURE INDUSTRY GENERALLY USE SMALL MOTORS
        • Table MOTOR MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR OTHER INDUSTRIES IN NOTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
        • Table MOTOR MONITORING MARKET FOR OTHER INDUSTRIES IN ASIA PACIFIC, BY COUNTRY 2015-2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table MOTOR MONITORING MARKET, BY REGION, 2015-2023 (USD MILLION)
    • NORTH AMERICA
      • Table MOTOR MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
      • Table MOTOR MONITORING MARKET IN NORTH AMERICA, BY OFFERING, 2015-2023 (USD MILLION)
      • Table MOTOR MONITORING MARKET IN NORTH AMERICA, BY INDUSTRY, 2015-2023 (USD MILLION)
      • US
        • Table MOTOR MONITORING MARKET IN US, BY INDUSTRY, 2015-2023 (USD MILLION)
      • CANADA
        • Table MOTOR MONITORING MARKET IN CANADA, BY INDUSTRY, 2015-2023 (USD MILLION)
      • MEXICO
        • Table MOTOR MONITORING MARKET IN MEXICO, BY INDUSTRY, 2015-2023 (USD MILLION)
    • EUROPE
      • Table MOTOR MONITORING MARKET IN EUROPE, BY GEOGRAPHY, 2015-2023 (USD MILLION)
      • Table MOTOR MONITORING MARKET IN EUROPE, BY OFFERING, 2015-2023 (USD MILLION)
      • Table MOTOR MONITORING MARKET IN EUROPE, BY INDUSTRY, 2015-2023 (USD MILLION)
      • GERMANY
        • Table MOTOR MONITORING MARKET IN GERMANY, BY INDUSTRY, 2015-2023 (USD MILLION)
      • UK
        • Table MOTOR MONITORING MARKET IN UK, BY INDUSTRY, 2015-2023 (USD MILLION)
      • FRANCE
        • Table MOTOR MONITORING MARKET IN FRANCE, BY INDUSTRY, 2015-2023 (USD MILLION)
      • ITALY
        • Table MOTOR MONITORING MARKET IN ITALY, BY INDUSTRY, 2015-2023 (USD MILLION)
      • REST OF EUROPE
        • Table MOTOR MONITORING MARKET IN REST OF EUROPE, BY INDUSTRY, 2015-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table MOTOR MONITORING MARKET IN APAC, BY GEOGRAPHY, 2015-2023 (USD MILLION)
      • Table MOTOR MONITORING MARKET IN ASIA PACIFIC, BY OFFERING, 2015-2023 (USD MILLION)
      • Table MOTOR MONITORING MARKET IN APAC, BY INDUSTRY, 2015-2023 (USD MILLION)
      • CHINA
        • Table MOTOR MONITORING MARKET IN CHINA, BY INDUSTRY, 2015-2023 (USD MILLION)
      • JAPAN
        • Table MOTOR MONITORING MARKET IN JAPAN, BY INDUSTRY, 2015-2023 (USD MILLION)
      • SOUTH KOREA
        • Table MOTOR MONITORING MARKET IN SOUTH KOREA, BY INDUSTRY, 2015-2023 (USD MILLION)
      • INDIA
        • Table MOTOR MONITORING MARKET IN INDIA, BY INDUSTRY, 2015-2023 (USD MILLION)
      • REST OF APAC
        • Table MOTOR MONITORING MARKET IN REST OF APAC, BY INDUSTRY, 2015-2023 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table MOTOR MONITORING MARKET IN ROW, BY REGION, 2015-2023 (USD MILLION)
      • Table MOTOR MONITORING MARKET IN ROW, BY OFFERING, 2015-2023 (USD MILLION)
      • Table MOTOR MONITORING MARKET IN ROW, BY INDUSTRY, 2015-2023 (USD MILLION)
      • MIDDLE EAST AND AFRICA
        • Table MOTOR MONITORING MARKET IN MIDDLE EAST AND AFRICA, BY INDUSTRY, 2015-2023 (USD MILLION)
      • SOUTH AMERICA
        • Table MOTOR MONITORING MARKET IN SOUTH AMERICA, BY INDUSTRY, 2015-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING ANALYSIS
      • Table RANK OF MOTOR MONITORING MARKET PLAYERS, 2017
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table 10 MOST RECENT PRODUCT LAUNCHES, AND DEVELOPMENTS IN MOTOR MONITORING MARKET
      • PARTNERSHIPS AND COLLABORATIONS
        • Table PARTNERSHIPS IN MOTOR MONITORING MARKET
      • CONTRACTS
        • Table CONTRACTS IN MOTOR MONITORING MARKET
  • COMPANY PROFILES
    • KEY PLAYERS
      • BANNER ENGINEERING
      • ABB
      • NATIONAL INSTRUMENTS
      • SKF
      • SIEMENS
      • HONEYWELL
      • GENERAL ELECTRIC
      • EMERSON ELECTRIC
      • ROCKWELL AUTOMATION
      • QUALITROL (IRIS POWER)
    • OTHER COMPANIES
      • SCHNEIDER ELECTRIC
      • MITSUBISHI ELECTRIC
      • ADVANTECH
      • EATON
      • WEG
      • DYNAPAR
      • KCF TECHNOLOGIES
      • PHOENIX CONTACT
      • T.F. HUDGINS
      • KONÈAR
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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