29 April 2019 - Global Wireless
Motor Monitoring System Market is anticipated to witness an exponential
growth in the forecast period. The factors that propel the growth of the market
include increasing usage of wireless motor monitoring systems in the water and
waste water, power industries, and oil and gas, rise in the usage of wireless
technologies in industries, and technological advancement. The market is
anticipated to expand at a significant CAGR of 6.38% in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
The
new trend in the wireless motor monitoring system market is emergence of
cloud-based motor condition monitoring system. Condition-based maintenance
comprises a process wherein maintenance check is performed to determine whether
the equipment is prone to failure or its efficiency will decrease. Technologies
such as motor current signature, vibration analysis, ultrasound, and oil
examination help assess machinery health and expect upcoming failures using
condition-based monitoring.
Wireless
motor monitoring system market could be explored by product type, wireless
protocol, end user, and geography. Market by product type could span dual
analog sensors, vibration sensors, and power sensors. The “Vibration Sensors”
segment led the market in 2017 and will continue to lead in the forecast
period. The key factors that attributed to the growth of market include
increasing acceptance of motors in industries, increased usage of vibration
sensors to measure the vibration based on displacement, velocity, and
acceleration in motors.
Based
on wireless protocol, the market could span wireless HART, wireless LAN,
ZigBee, WiMAX, and Bluetooth. The market could be explored based on end user as
automotive, food and beverage, oil and gas, water and wastewater, and others.
The “Oil and Gas” segment led the market in 2017 and will continue to lead in
the forecast period. The key factors attributed to the growth of market include
advantages such as easier installation in numerous terrains and lower retrofit
costs.
North
America accounted for the major share of the wireless motor monitoring system
industry in 2017 and will continue to lead in the forecast period. The factors
that could be attributed to the growth include increasing usage of wireless
motor monitoring systems in the water and waste water, oil and gas, and power
industries, and technological innovations.
Some
of the key players that fuel the growth of the wireless motor monitoring system
market comprise Eaton, ABB, Rockwell Automation, Emerson Electric, Siemens and
Schneider Electric, Banner Engineering, Advantech, Dynapar, Honeywell
International, Nidec, General Electric, KCF Technologies, Monnit, Littelfuse,
National Instruments, PCB Piezotronics, NXP Semiconductors, Pet sense, RF
Micron, Plexus Controls, SKF, Texas Instruments and Soft bit Technologies. The
leading companies are taking up partnerships, mergers and acquisitions, and
joint ventures in order to boost the inorganic growth of the industry.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, revenue (million USD), market share
and growth rate of Wireless Motor Monitoring System in these regions, from 2013
to 2025 (forecast), covering
•
United States
•
EU
•
China
•
Japan
•
South Korea
•
Taiwan
Global Wireless Motor Monitoring System
market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
•
ABB
•
Schneider Electric
•
Siemens
•
Eaton
•
Rockwell Automation
•
Emerson Electric
•
Banner Engineering
•
Dynapar
•
Advantech
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