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PUBLISHER: IMARC | PRODUCT CODE: 1379157
PUBLISHER: IMARC | PRODUCT CODE: 1379157
Motor Monitoring Market Report by Offering, Monitoring Process, End Use, and Region 2023-2028
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PAGES: 139 Pages
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Abstract
The global motor monitoring market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2022-2028.
Motor monitoring represents one of the predictive maintenance aspects involving thorough inspection using modern, state-of-the-art equipment. It focuses on tracking the performance of motors and minimizing downtime needed for repairs. It analyzes testing starting loads, ambient temperature, ease of testing, availability of spares, and the number of starts and stops. It assists in locating potential problems, avoiding critical unplanned downtime, ensuring efficiency, and improving plant operations. Consequently, it finds extensive applications in the automotive, aerospace, and oil and gas industries worldwide. Nowadays, several companies are offering motor monitoring services through online platforms, which provide details about power quality and operating conditions.
Motor Monitoring Market Trends:
Electric motors are durable and efficient, require low maintenance, consume less energy, and have high endurance for fluctuating voltages. This, along with their diverse applications in domestic appliances, machine tools, and industrial fans, represents one of the major factors bolstering the market growth. Moreover, governing agencies of numerous countries are formulating stringent policies to promote the adoption of energy-efficient products and reduce carbon emissions from various industrial verticals. This is positively influencing the demand for motors as they are environment-friendly and affordable than a fossil-fuel engine. The increasing importance of detecting potential issues in machines before their breakdown is also stimulating the market growth. Apart from this, the leading market players are introducing advanced test equipment that collects data through three voltage probes and corresponding current transformers. The data can be recorded, calculated, and interpreted for uninterrupted comparison, reporting, and trending. These innovations are creating a positive outlook for the market. Furthermore, factors like increasing utilization of motor monitoring in sports and thermal imaging are projected to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global motor monitoring market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on offering, monitoring process and end use.
Breakup by Offering:
Hardware
Software
Breakup by Monitoring Process:
Oil Analysis
Motor Current Analysis
Ultrasound
Thermography
Vibration Analysis
Others
Breakup by End Use:
Oil and Gas
Energy and Power
Aerospace and Defense
Automotive
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB SKF, ABB Ltd, ALS Limited, Eaton Corporation plc, Emerson Electric Co., General Electric, Honeywell International Inc, National Instruments Corp., Parker-Hannifin Corp, Rockwell Automation Inc, Schneider Electric and Siemens AG.
Key Questions Answered in This Report
- 1. How big is the global motor monitoring market?
- 2. What is the expected growth rate of the global motor monitoring market during 2023-2028?
- 3. What are the key factors driving the global motor monitoring market?
- 4. What has been the impact of COVID-19 on the global motor monitoring market?
- 5. What is the breakup of the global motor monitoring market based on the offering?
- 6. What is the breakup of the global motor monitoring market based on the monitoring process?
- 7. What is the breakup of the global motor monitoring market based on the end use?
- 8. What are the key regions in the global motor monitoring market?
- 9. Who are the key players/companies in the global motor monitoring market?
Product Code: SR112023A4113
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Motor Monitoring Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Offering
- 6.1 Hardware
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Monitoring Process
- 7.1 Oil Analysis
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Motor Current Analysis
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Ultrasound
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Thermography
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Vibration Analysis
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Energy and Power
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Aerospace and Defense
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Automotive
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AB SKF
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 ABB Ltd
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 ALS Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Eaton Corporation plc
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Emerson Electric Co.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 General Electric
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Honeywell International Inc
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 National Instruments Corp.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Parker-Hannifin Corp
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Rockwell Automation Inc
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Schneider Electric
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Siemens AG
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 AB SKF
Product Code: SR112023A4113
List of Figures
- Figure 1: Global: Motor Monitoring Market: Major Drivers and Challenges
- Figure 2: Global: Motor Monitoring Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Motor Monitoring Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Motor Monitoring Market: Breakup by Offering (in %), 2022
- Figure 5: Global: Motor Monitoring Market: Breakup by Monitoring Process (in %), 2022
- Figure 6: Global: Motor Monitoring Market: Breakup by End Use (in %), 2022
- Figure 7: Global: Motor Monitoring Market: Breakup by Region (in %), 2022
- Figure 8: Global: Motor Monitoring (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Motor Monitoring (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Motor Monitoring (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Motor Monitoring (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Motor Monitoring (Oil Analysis) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Motor Monitoring (Oil Analysis) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Motor Monitoring (Motor Current Analysis) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Motor Monitoring (Motor Current Analysis) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Motor Monitoring (Ultrasound) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Motor Monitoring (Ultrasound) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Motor Monitoring (Thermography) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Motor Monitoring (Thermography) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Motor Monitoring (Vibration Analysis) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Motor Monitoring (Vibration Analysis) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Motor Monitoring (Other Monitoring Processes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Motor Monitoring (Other Monitoring Processes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Motor Monitoring (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Motor Monitoring (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Motor Monitoring (Energy and Power) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Motor Monitoring (Energy and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Motor Monitoring (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Motor Monitoring (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Motor Monitoring (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Motor Monitoring (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Motor Monitoring (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Motor Monitoring (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: Motor Monitoring Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: Motor Monitoring Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Motor Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Global: Motor Monitoring Industry: SWOT Analysis
- Figure 84: Global: Motor Monitoring Industry: Value Chain Analysis
- Figure 85: Global: Motor Monitoring Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Motor Monitoring Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Motor Monitoring Market Forecast: Breakup by Offering (in Million US$), 2023-2028
- Table 3: Global: Motor Monitoring Market Forecast: Breakup by Monitoring Process (in Million US$), 2023-2028
- Table 4: Global: Motor Monitoring Market Forecast: Breakup by End Use (in Million US$), 2023-2028
- Table 5: Global: Motor Monitoring Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Motor Monitoring Market: Competitive Structure
- Table 7: Global: Motor Monitoring Market: Key Players
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