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Motor Monitoring Market by Offering (Hardware and Software), Monitoring Process (Oil Analysis, Motor Current Analysis, Ultrasound, Thermography, Vibration Analysis and Others), and End Use (Oil and Gas, Energy & Power, Aerospace & Defense, Automotive and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

A05434
Pages: 277
Mar 2020 | 1811 Views
 
Author(s) : Shantanu Sachan & Divyanshi Tewari , Vineet Kumar
Tables: 110
Charts: 79
 

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Motor Monitoring Market Outlook - 2026

The global motor monitoring market was valued at $2.49 billion in 2019, and is projected to reach $4.17 billion by 2026, registering a CAGR of 7.3% from 2019 to 2026.  Motor monitoring is the collection, sorting, and analyzation of streamed data from components such as sensors, detectors, and others on the device. 

The data analyzed in then processed through the software using various algorithms and monitoring process. Therefore, motor monitoring is available as the combination of hardware and software. The motor monitoring finds its application in various industry verticals such as oil & gas, energy & power, aerospace & defense, automotive, and others. 

Motor Condition Monitoring Market

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The factors such as increase in usage of motor monitoring in sports, rise in adoption of motor monitoring in automotive & transportation, and increase in demand for thermal imaging applications drive the growth of motor monitoring market. However, high cost associated with motor monitoring hampers the market growth. Further, increase in adoption of intelligent transportation system (ITS) and surge in its adoption in aerospace create lucrative motor monitoring market opportunity.

Motor Monitoring Market
By Offering

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Software segment is projected to be the most lucrative segment

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Segment Overview

The motor monitoring market is segmented on the basis of offering, monitoring process, end use, and region. By offering, the market is bifurcated as hardware and software. By monitoring process, it is divided into oil analysis, motor current analysis, ultrasound, thermography, vibration analysis, and others. 

Motor Monitoring Market
By End Use

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Oil and Gas segment is expected to secure a leading position from 2019 - 2026

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By end use, it is classified into oil & gas, energy & power, aerospace & defense, automotive, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Motor Monitoring Market
By Geography

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region holds a dominant position in 2019 and is expected to maintain the lead during the forecast period

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According to motor monitoring market analysis, the hardware segment generated the highest revenue in 2019 and is expected to be the highest revenue contributor during the forecast period. By monitoring process, the vibration analysis segment has the highest revenue in 2019 and is expected to lead the category by 2026. Oil & gas category of the end use accounts for the highest revenue in 2019 and is expected to maintain the lead through the forecast period. 

Top Impacting Factors

Rise in penetration of motor monitoring in sports, growth in adoption of motor monitoring in automotive & transportation and increase in demand for thermal imaging applications are the factors that surge the market demand of motor monitoring device. 

However, high cost associated with motor monitoring hampers the market growth. The demand for motor monitoring in intelligent transportation system (ITS) and growth in adoption of motor monitoring in aerospace create lucrative opportunities in the motor monitoring industry.

Some Major Factors Impacting the Motor Monitoring Market Growth are Given Below:

Growing Adoption of Motor Monitoring in Automotive and Transportation 

Automotive industry in the recent time has witnessed the revolution of rapid adoption of electric vehicles in the developed and developing economies. The EVs provide a wide area of application of motor monitoring systems. Further, the automotive industry shifting toward automated systems has also generated the need for the motor monitoring system. In addition, the demand for efficient working systems for better performance and for fuel efficiency, has raised the requirement of motor monitoring systems. 

Increasing Demand for Thermal Imaging Applications 

According motor monitoring market trends, electric motors are the backbone of industry. The U.S. Department of Energy estimates that in the U.S. alone there are 40 million motors operating in industry, and the fact that those motors use 70% of the electricity consumed by industry indicates their importance. 

Thermal imagers are very useful for both troubleshooting motor problems as well as for condition monitoring, for long-term preventive maintenance. The temperature reflecting image of the motor monitoring provides the user a better monitor into predictive failure.

Increasing Application of Motor monitoring in Intelligent Transportation System (ITS)

The increase in number of suppliers for providing component and raw material for manufacturing of motor monitoring system increases the competition and reduces the overall cost, but still the cost of installation to maintenance remains high. The requirement of skilled labor in developing the hardware components and software algorithm and integrating them in a device makes it a high-end product.

Growing Adoption of Motor monitoring in Aerospace

Aerospace industry finds wide application for the use of motors in airplanes, buses, cranes, and trucks. The crucial application of the motor in the aviation vertical requires motor monitoring for safety and avoidance from any sort of inconvenience to the passengers. 

The rise in integration of autonomous electric systems in aerospace and aviation is lucrative to create opportunities for the market. Further, the growth of customers in aerospace industry due to governmental scheme and rise in living standard boost the demand for the production of the airplanes. Therefore, higher rate of production of airplanes demand more motor monitoring systems for deployment.

Competitive Analysis

Key players operating in the global motor monitoring market are Emerson Electric, General Electric, Honeywell International, Rockwell Automation, ABB, National Instruments, SKF Group, Siemens, ALS Limited and Parker-Hannifin. The companies adopt various market strategies such as product launch, product development, collaboration, partnership, and others that boost the growth of motor monitoring market size. 

Key Benefits for Stakeholders:

  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global motor monitoring market share. 
  • In-depth analysis is conducted by semiconductor and electronics market estimations for the key market segments between 2019 and 2026. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the motor monitoring market forecast framework.
  • Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global motor monitoring market.

Key Market Segments:

By Offering

  • Hardware
  • Software

By Monitoring Process

  • Oil Analysis
  • Motor Current Analysis
  • Ultrasound
  • Thermography
  • Vibration Analysis
  • Others

By End Use

  • Oil & Gas
  • Energy & Power
  • Aerospace & Defense
  • Automotive
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players:

  • Emerson Electric
  • General Electric
  • Honeywell International
  • Rockwell Automation
  • ABB
  • National Instruments
  • SKF Group
  • Siemens
  • ALS Limited
  • Parker-Hannifin
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets

3.3. Porter’s five forces analysis
3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Increase in usage of motor monitoring in sports
3.4.1.2. Rise in adoption of motor monitoring in automotive and transportation
3.4.1.3. Increase in demand for thermal imaging applications

3.4.2. Restraint

3.4.2.1. High cost associated with motor monitoring

3.4.3. Opportunities

3.4.3.1. Increase in application of motor monitoring in intelligent transportation system (ITS)
3.4.3.2. Increase in adoption of motor monitoring in aerospace

CHAPTER 4: MOTOR MONITORING MARKET, BY OFFERING

4.1. Overview
4.2. Hardware

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.2.3.1. Sensors
4.2.3.2. Spectrometer
4.2.3.3. Ultrasound Detectors
4.2.3.4. Spectrum Analyzer
4.2.3.5. Others

4.3. Software

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.3.3.1. Data integration
4.3.3.2. Diagnostic Reporting
4.3.3.3. Order tracking analysis
4.3.3.4. Parameter Calculation

CHAPTER 5: MOTOR MONITORING MARKET, BY MONITORING PROCESS

5.1. Overview
5.2. Oil Analysis

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. Motor Current Analysis

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

5.4. Ultrasound

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

5.5. Thermography

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country

5.6. Vibration Analysis

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country

5.7. Others

5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis by country

CHAPTER 6: MOTOR MONITORING MARKET, BY END USE

6.1. Overview
6.2. Oil & Gas

6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country

6.3. Energy & Power

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country

6.4. Aerospace & Defense

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country

6.5. Automotive

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis by country

6.6. Others

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis by country

CHAPTER 7: MOTOR MONITORING MARKET, BY REGION

7.1. Overview
7.2. North America

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by offering
7.2.3. Market size and forecast, by monitoring process
7.2.4. Market size and forecast, by end use
7.2.5. Market analysis by country

7.2.5.1. U.S.

7.2.5.1.1. Market size and forecast, by offering
7.2.5.1.2. Market size and forecast, by monitoring process
7.2.5.1.3. Market size and forecast, by End Use

7.2.5.2. Canada

7.2.5.2.1. Market size and forecast, by Offering
7.2.5.2.2. Market size and forecast, by monitoring process
7.2.5.2.3. Market size and forecast, by end use

7.2.5.3. Mexico

7.2.5.3.1. Market size and forecast, by offering
7.2.5.3.2. Market size and forecast, by monitoring process
7.2.5.3.3. Market size and forecast, by end use

7.3. Europe

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by offering
7.3.3. Market size and forecast, by monitoring process
7.3.4. Market size and forecast, by end use
7.3.5. Market analysis by country

7.3.5.1. U.K.

7.3.5.1.1. Market size and forecast, by offering
7.3.5.1.2. Market size and forecast, by monitoring process
7.3.5.1.3. Market size and forecast, by end use

7.3.5.2. Germany

7.3.5.2.1. Market size and forecast, by offering
7.3.5.2.2. Market size and forecast, by monitoring process
7.3.5.2.3. Market size and forecast, by end use

7.3.5.3. France

7.3.5.3.1. Market size and forecast, by offering
7.3.5.3.2. Market size and forecast, by monitoring process
7.3.5.3.3. Market size and forecast, by end use

7.3.5.4. Russia

7.3.5.4.1. Market size and forecast, by offering
7.3.5.4.2. Market size and forecast, by monitoring process
7.3.5.4.3. Market size and forecast, by end use

7.3.5.5. Rest of Europe

7.3.5.5.1. Market size and forecast, by offering
7.3.5.5.2. Market size and forecast, by monitoring process
7.3.5.5.3. Market size and forecast, by end use

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by offering
7.4.3. Market size and forecast, by monitoring process
7.4.4. Market size and forecast, by end use
7.4.5. Market analysis by country

7.4.5.1. China

7.4.5.1.1. Market size and forecast, by offering
7.4.5.1.2. Market size and forecast, by monitoring process
7.4.5.1.3. Market size and forecast, by end use

7.4.5.2. Japan

7.4.5.2.1. Market size and forecast, by offering
7.4.5.2.2. Market size and forecast, by monitoring process
7.4.5.2.3. Market size and forecast, by end use

7.4.5.3. India

7.4.5.3.1. Market size and forecast, by offering
7.4.5.3.2. Market size and forecast, by monitoring process
7.4.5.3.3. Market size and forecast, by end use

7.4.5.4. South Korea

7.4.5.4.1. Market size and forecast, by offering
7.4.5.4.2. Market size and forecast, by monitoring process
7.4.5.4.3. Market size and forecast, by end use

7.4.5.5. Rest of Asia-Pacific

7.4.5.5.1. Market size and forecast, by offering
7.4.5.5.2. Market size and forecast, by monitoring process
7.4.5.5.3. Market size and forecast, by end use

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by offering
7.5.3. Market size and forecast, by monitoring process
7.5.4. Market size and forecast, by end use
7.5.5. Market analysis by country

7.5.5.1. Latin America

7.5.5.1.1. Market size and forecast, by offering
7.5.5.1.2. Market size and forecast, by monitoring process
7.5.5.1.3. Market size and forecast, by end use

7.5.5.2. Middle East

7.5.5.2.1. Market size and forecast, by offering
7.5.5.2.2. Market size and forecast, by monitoring process
7.5.5.2.3. Market size and forecast, by end use

7.5.5.3. Africa

7.5.5.3.1. Market size and forecast, by offering
7.5.5.3.2. Market size and forecast, by monitoring process
7.5.5.3.3. Market size and forecast, by end use

CHAPTER 8: COMPANY PROFILE

8.1. ABB

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance

8.2. Emerson Electric Co.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance

8.3. Honeywell International Inc.

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance

8.4. Rockwell Automation, Inc.

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance

8.5. Siemens AG

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments

8.6. General Electric

8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance

8.7. Parker Hannifin Corporation

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. R&D Expenditure
8.7.6. Business performance

8.8. SKF Group

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. R&D Expenditure
8.8.6. Business performance
8.8.7. Key strategic moves and developments

8.9. National Instruments

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance

8.9.6. Key strategic moves and developments

8.10. ALS Limited

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance

LIST OF TABLES

TABLE 01. GLOBAL MOTOR MONITORING MARKET, BY OFFERING, 2019-2026($MILLION)
TABLE 02. MOTOR MONITORING MARKET REVENUE FOR HARDWARE, BY REGION 2019-2026 ($MILLION)
TABLE 03. MOTOR MONITORING MARKET REVENUE FOR SOFTWARE, BY REGION 2019-2026 ($MILLION)
TABLE 04. GLOBAL MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019-2026($MILLION)
TABLE 05. MOTOR MONITORING MARKET REVENUE FOR OIL ANALYSIS, BY REGION 2019-2026 ($MILLION)
TABLE 06. MOTOR MONITORING MARKET REVENUE FOR MOTOR CURRENT ANALYSIS, BY REGION 2019-2026 ($MILLION)
TABLE 07. MOTOR MONITORING MARKET REVENUE FOR ULTRASOUND, BY REGION 2019–2026 ($MILLION)
TABLE 08. MOTOR MONITORING MARKET REVENUE FOR THERMOGRAPHY, BY REGION 2019–2026 ($MILLION)
TABLE 09. MOTOR MONITORING MARKET FOR VIBRATION ANALYSIS, BY REGION 2019–2026 ($MILLION)
TABLE 10. MOTOR MONITORING MARKET REVENUE FOR OTHERS, BY REGION 2019–2026 ($MILLION)
TABLE 11. GLOBAL MOTOR MONITORING MARKET, BY END USE, 2019-2026($MILLION)
TABLE 12. MOTOR MONITORING MARKET REVENUE FOR OIL & GAS, BY REGION 2019-2026 ($MILLION)
TABLE 13. MOTOR MONITORING MARKET REVENUE FOR ENERGY & POWER, BY REGION 2019-2026 ($MILLION)
TABLE 14. MOTOR MONITORING MARKET REVENUE FOR AEROSPACE & DEFENSE, BY REGION 2019–2026 ($MILLION)
TABLE 15. MOTOR MONITORING MARKET REVENUE FOR AUTOMOTIVE, BY REGION 2019–2026 ($MILLION)
TABLE 16. MOTOR MONITORING MARKET REVENUE FOR OTHERS, BY REGION 2019–2026 ($MILLION)
TABLE 17. NORTH AMERICAN MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 18. NORTH AMERICAN MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 19. NORTH AMERICAN MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 20. U. S. MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 21. U. S. MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 22. U. S. MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 23. CANADA MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 24. CANADA MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 25. CANADA MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 26. MEXICO MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 27. MEXICO MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 28. MEXICO MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 29. EUROPEAN MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 30. EUROPEAN MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 31. EUROPEAN MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 32. UK MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 33. UK MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 34. UK MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 35. GERMANY MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 36. GERMANY MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 37. GERMANY MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 38. FRANCE MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 39. FRANCE MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 40. FRANCE MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 41. RUSSIA MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 42. RUSSIA MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 43. RUSSIA MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 44. REST OF EUROPE MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 45. REST OF EUROPE MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 46. REST OF EUROPE MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 47. ASIA-PACIFIC MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 48. ASIA-PACIFIC MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 49. ASIA-PACIFIC MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 50. CHINA MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 51. CHINA MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 52. CHINA MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 53. JAPAN MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 54. JAPAN MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 55. JAPAN MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 56. INDIA MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 57. INDIA MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 58. INDIA MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 59. SOUTH KOREA MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 60. SOUTH KOREA MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 61. SOUTH KOREA MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 62. REST OF ASIA PACIFIC MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 63. REST OF ASIA PACIFIC MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 64. REST OF ASIA PACIFIC MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 65. LAMEA MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 66. LAMEA MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 67. LAMEA MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 68. LATIN AMERICA MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 69. LATIN AMERICA MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 70. LATIN AMERICA MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 71. MIDDLE EAST MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 72. MIDDLE EAST MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 73. MIDDLE EAST MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 74. AFRICA MOTOR MONITORING MARKET, BY OFFERING, 2019–2026 ($MILLION)
TABLE 75. AFRICA MOTOR MONITORING MARKET, BY MONITORING PROCESS, 2019–2026 ($MILLION)
TABLE 76. AFRICA MOTOR MONITORING MARKET, BY END USE, 2019–2026 ($MILLION)
TABLE 77. ABB: COMPANY SNAPSHOT
TABLE 78. ABB: OPERATING SEGMENTS
TABLE 79. ABB: PRODUCT PORTFOLIO
TABLE 80. EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 81. EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 82. EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 83. HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 84. HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 85. HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 86. ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT
TABLE 87. ROCKWELL AUTOMATION, INC.: OPERATING SEGMENTS
TABLE 88. ROCKWELL AUTOMATION, INC.: PRODUCT PORTFOLIO
TABLE 89. SIEMENS AG: COMPANY SNAPSHOT
TABLE 90. SIEMENS AG: OPERATING SEGMENTS
TABLE 91. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 92. SIEMENS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 93. GENERAL ELECTRIC: KEY EXECUTIVES
TABLE 94. GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 95. GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS
TABLE 96. GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 97. PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT
TABLE 98. PARKER HANNIFIN CORPORATION: OPERATING SEGMENTS
TABLE 99. PARKER HANNIFIN CORPORATION: PRODUCT PORTFOLIO
TABLE 100. SKF GROUP: COMPANY SNAPSHOT
TABLE 101. SKF GROUP: OPERATING SEGMENTS
TABLE 102. SKF GROUP: PRODUCT PORTFOLIO
TABLE 103. SKF GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. NATIONAL INSTRUMENTS: COMPANY SNAPSHOT
TABLE 105. NATIONAL INSTRUMENTS: OPERATING SEGMENTS
TABLE 106. NATIONAL INSTRUMENTS: PRODUCT PORTFOLIO
TABLE 107. NATIONAL INSTRUMENTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108. ALS LIMITED: COMPANY SNAPSHOT
TABLE 109. ALS LIMITED: OPERATING SEGMENTS
TABLE 110. ALS LIMITED: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 08. MODERATE THREAT OF SUBSTITUTES
FIGURE 09. HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 10. HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 11. GLOBAL MOTOR MONITORING MARKET SHARE, BY OFFERING, 2019–2026 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR HARDWARE, BY COUNTRY, 2019 & 2026(%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR SOFTWARE, BY COUNTRY, 2019 & 2026(%)
FIGURE 14. GLOBAL MOTOR MONITORING MARKET SHARE, BY MONITORING PROCESS, 2019–2026 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR OIL ANALYSIS, BY COUNTRY, 2019 & 2026(%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR MOTOR CURRENT ANALYSIS, BY COUNTRY, 2019 & 2026(%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR ULTRASOUND, BY COUNTRY, 2019 & 2026(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR THERMOGRAPHY, BY COUNTRY, 2019 & 2026(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR VIBRATION ANALYSIS, BY COUNTRY, 2019 & 2026(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019 & 2026(%)
FIGURE 21. GLOBAL MOTOR MONITORING MARKET SHARE, BY END USE, 2019–2026 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR OIL & GAS, BY COUNTRY, 2019 & 2026(%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR ENERGY & POWER, BY COUNTRY, 2019 & 2026(%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR AEROSPACE & DEFENSE, BY COUNTRY, 2019 & 2026(%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR AUTOMOTIVE, BY COUNTRY, 2019 & 2026(%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019 & 2026(%)
FIGURE 27. MOTOR MONITORING MARKET, BY REGION, 2019-2026 (%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET, BY COUNTRY, 2019–2026 (%)
FIGURE 29. U. S. MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 30. CANADA MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 31. MEXICO MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 32. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET, BY COUNTRY, 2019–2026 (%)
FIGURE 33. U.K. MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 34. GERMANY MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 35. FRANCE MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 36. RUSSIA HIGH-SPEED CAMER AMARKET, 2019–2026 ($MILLION)
FIGURE 37. REST OF EUROPE MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 38. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET, BY COUNTRY, 2019–2026 (%)
FIGURE 39. CHINA MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 40. JAPAN MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 41. INDIA MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 42. SOUTH KOREA MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 43. REST OF ASIA-PACIFIC MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 44. COMPARATIVE SHARE ANALYSIS OF MOTOR MONITORING MARKET, BY COUNTRY, 2019–2026 (%)
FIGURE 45. LATIN AMERICA MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 46. MIDDLE EAST MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 47. AFRICA MOTOR MONITORING MARKET, 2019–2026 ($MILLION)
FIGURE 48. ABB: REVENUE, 2016–2018 ($MILLION)
FIGURE 49. ABB: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 50. ABB: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 51. EMERSON ELECTRIC CO.: REVENUE, 2016–2018 ($MILLION)
FIGURE 52. EMERSON ELECTRIC CO.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 53. EMERSON ELECTRIC CO.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 54. HONEYWELL INTERNATIONAL INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 55. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 56. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 57. ROCKWELL AUTOMATION, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 58. ROCKWELL AUTOMATION, INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 59. ROCKWELL AUTOMATION, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 60. SIEMENS AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 61. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 62. SIEMENS AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 63. GENERAL ELECTRIC: REVENUE, 2016–2018 ($MILLION)
FIGURE 64. GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 65. GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 66. PARKER HANNIFIN CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 67. PARKER HANNIFIN CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 68. PARKER HANNIFIN CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 69. PARKER HANNIFIN CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 70. SKF GROUP: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 71. SKF GROUP: REVENUE, 2016–2018 ($MILLION)
FIGURE 72. SKF GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 73. SKF GROUP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 74. NATIONAL INSTRUMENTS: REVENUE, 2016–2018 ($MILLION)
FIGURE 75. NATIONAL INSTRUMENTS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 76. NATIONAL INSTRUMENTS: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 77. ALS LIMITED: REVENUE, 2016–2018 ($MILLION)
FIGURE 78. ALS LIMITED: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 79. ALS LIMITED: REVENUE SHARE BY REGION, 2018 (%)

 
 

The global motor monitoring market possesses a high growth potential, owing to the development of the oil & gas industry. The current business scenario is witnessing an increase in demand for machinery used in oil and gas, particularly in developing regions, such as India and South Korea, which propels the growth of the market. Moreover, companies in this industry are adopting various innovative analysis techniques to provide consumers with enhanced analysis and detection techniques for various industries globally. 

Motor monitoring offer numerous benefits such as preservation of industrial assets and offers non-disruptive functioning of motor that influences the market. Further, adoption of IoT and AI in the motor monitoring, vehicles equipped with automated driving, and increase in demand for motor condition monitoring in intelligent transportation systems drive the market of motor monitoring system. 

On the other hand, low adoption of motor condition monitoring in developing countries due to high cost associated hampers the market growth. Further, the investment toward autonomous driving of vehicles & EVs and increasing application in intelligent transportation system is the expected to provide lucrative opportunities in the motor monitoring market. 

Key players operating in the global motor monitoring market are Emerson Electric, General Electric, Honeywell International, Rockwell Automation, ABB, National Instruments, SKF Group, Siemens, ALS Limited and Parker-Hannifin.
 

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The Global Motor Monitoring Market is expected to grow at a CAGR of 7.3% from 2019 to 2026.

A. The Global Motor Monitoring Market is projected to reach $4,168.4 million by 2026.

A. To get the latest version of sample report

A. Rise in penetration of motor monitoring in sports, growth in adoption of motor monitoring in automotive & transportation and increase in demand for thermal imaging applications drives the growth of Motor Monitoring Market.

A. The key players profiled in the report include Emerson Electric, General Electric, Honeywell International, Rockwell Automation, ABB, National Instruments, SKF Group, Siemens, ALS Limited and Parker-Hannifin.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Motor Monitoring Market is segmented on the basis of offering, monitoring process, end use, and region.

A. The key growth strategies of Motor Monitoring market players include product launch, partnership, acquisition, expansion, product enhancement, and collaboration.

A. Aerospace and Defense segment would exhibit the highest CAGR of 10.2% from 2019 - 2026.

A. Asia-Pacific region holds a dominant position in 2019 and is expected to maintain the lead during the forecast period.

 

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