Motor monitoring Market: Introduction

Motor monitoring may be defined as the process of continuously monitoring the motors, generators, clutches etc. in various end-use industries that is subjected to high stress. Proper monitoring of motors cannot be done manually as it results in unexpected outages, failures and unanticipated financial losses.

However, with motor monitoring systems, undesired changes are recorded at an early stage, which is then rectified by the analysis. Therefore, these systems are widely being used for improving the overall productivity of the organization. The global motor monitoring market is expected to witness a single-digit CAGR over the forecast period, 2018-2028.

Key players of Motor monitoring Market

Prominent players in the global motor monitoring market are Schneider Electric, Banner Engineering, ABB, SKF, Mitsubishi Electric, Siemens, Honeywell, General Electric, Emerson Electric, Qualitrol etc. The motor monitoring market consists of well-diversified global and regional players with global vendors ruling the market.

The research report presents a comprehensive assessment of the Motor monitoring market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Motor monitoring market report provides analysis and information, according to market segments such as geographies, type and industry.

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Segmentation analysis of Motor monitoring Market

The global motor monitoring market is bifurcated into three major segments: deployment mode, monitoring process and end-user industry.

On the basis of offering, the global motor monitoring market is divided into:

• Software
• Hardware

On the basis of deployment mode, the global motor monitoring market is divided into:

• Cloud
• On-premise

On the basis of monitoring process, the global motor monitoring market is divided into:

• Online
• Portable

On the basis of end-use industry, the global motor monitoring market is divided into:

• Oil & Gas
• Water & Wastewater
• Metals & Mining
• Food & Beverages
• Chemicals
• Automotive
• Power Generation
• Others