Allied Market Research
Loading...
Cart
0
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Allied Market Research

Hour Meter Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

A08043
Pages: NA
Jun 2021 | 128 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Hour Meter Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Request Now !

Hour meter is an important instrument, which is used in many industries. It keeps the record of overtime or extended running time of the machine through a circuit. It generally displays the extended running time of the machine in hours. When the machine is working continuously for a specific period of time, then the maintenance of the machine becomes very important so that more damage to the parts could be avoided. Hour machine is an effective way of reducing the damage to the machine by doing timely maintenance.

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Product Type, Display, Application, End-Use Industry

  Companies covered

EATON Corporation Inc., Fuji Electric Co., Ltd., SIMEX, ENM Company, Inc., Honeywell International Inc., Omron Corporation, Kubler Group, Trumeter Technologies Ltd., ABB, Schneider Electric SE, Panasonic Corporation, Intermatic Incorporated., Texas Instruments Incorporated, Linor Technology, Inc., and Robert Bosch GmbH           

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

 

COVID-19 scenario analysis:

  • The demand for hour meter is expected to decrease in 2020 due to low demand from different industries, such as manufacturing and oil & gas, owing to the lockdown imposed by governments of many countries.
  • COVID-19 pandemic has shut-down the production of various products in the hour meter industry, owing to the prolonged lockdown in major global countries. This has hampered the growth of the hour meter market significantly from the last few months, and is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which have been badly affected by the spread of the coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus to protect their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Proper maintenance of heavy machines is very important to avoid the high repairing cost of machines. This maintenance generally includes checking of various parts, such as filter, bearings, and belts, of the machine. In addition, parts should be replaced in case of any damage or failure while components, such as motors, fans, and engines, which are subjected to more friction should be lubricated. 

There are various types of hour meters available in the market. Hour meters can be differentiated on the basis of various parameters such as data, shape, display, and power. They are generally powered by using alternating current (AC) or direct current (DC). Equipment, such as airplanes, tractors, and trucks, which are operated with the help of battery use direct current (DC)-powered hour meter. The hour meters, which are powered by alternating current (AC) are generally used on equipment such as compressor, generators, and rug shampooers. Therefore, due to the wide range of applications, the demand for hour meter is expected to rise during the forecast period. Hour meter with electromechanical display consists of rotating numbered wheels to give the time reading. The hour meters available in the market are not very costly and show accurate timings. They are selected according to the requirement of the customer, design, and display. Other than these, some other factors are also taken into consideration before selecting the hour meter. If there is electronic hour meter fitted on the machine, the operator will not be able to see the reading in case of power shortage. This problem can be overcome by using electromechanical analog hour meter. Moreover, the price of digital hour meter is more than the analog hour meter.

Hour meter is used in many industries for accurate indication of the total working time of different types of machines during the specific period. As per the indication, maintenance of the machines is done so that the machine will work properly and the replacement of the component could be avoided. Therefore, this is the key driving factor for the growth of the hour meter market. In addition, different product range allows the user to select the hour meter as per the requirement and function.

New product launch to boost the market

Many companies in the hour meter market develop and introduce new products in the market. These products are technologically more advanced than the previous products. In May 2019, Linor Technology launched advanced version of an hour meter known as IoT meter. This device is Wi-Fi enabled and comes with specially designed software. It collects the information such as hours, voltage, and temperature. 

Key segments covered:

Segments

Sub-segments

  Product Type

 

  • AC Hour Meter
  • DC Hour Meter
  • Hybrid Hour Meter

  Display

 

  • Electromechanical
  • Liquid Crystal Display (LCD)
  • Light Emitting Diode (LED)

  Application

 

  • Industrial
  • Commercial

 

  End-Use Industry

 

  • Oil & Gas
  • Food & Beverages
  • Energy
  • Aerospace & Defense
  • Electronics & Consumer Goods
  • Chemicals
  •  Automotive


Key benefits of the report:

  • This study presents the analytical depiction of the hour meter market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the hour meter market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed hour meter market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Hour Meter Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers