Market Highlights: In the current era automation has become a basic need for various industries such as automotive, oil & gas, food & beverages, and energy & power, among others. In addition to this, with the increasing use of electric machinery, there is surging need to extract data or information from the machines to improve their control system and maintenance management. In the current scenario, manufacturers are continuously focusing to develop innovative techniques and development in the quality of sensors, owing to increasing wireless motor monitoring system need in manufacturing industries across the world. Moreover, advancements in predictive maintenance technologies are encouraging the manufacturing companies to deploy wireless motor monitoring systems in mainstream operations propelling market growth. The market study is being classified by Type (Vibration Sensors, Power Sensors, Dual Analog Sensors and Others), by Application (Oil and gas, Automotive, Water and wastewater, Food and beverage and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Wireless Motor Monitoring System are The Emerson Electric Co. (United States), General Electric (United States), Honeywell International Inc. (United States), National Instruments (United States), SKF (Sweden), Parker Hannifin Corporation (United States), Rockwell Automation, Inc. (United States), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), SPM Instrument (Sweden) and Analog Devices, Inc. (United States).
19th April 2019, ABB operating in heavy electrical equipment, power, automation technology, and robotics collaborated with Emile Egger, a Swiss pump-maker company to adapt their smart motor-sensing technology for remote monitoring of pumps.
Key Questions Answered in the Report What will the Wireless Motor Monitoring System Market size and the growth rate be in Future? What are the key factors driving the Wireless Motor Monitoring System Market? What are the key market trends and macro-economic impacting the growth of the Wireless Motor Monitoring System Market? What are the challenges to market growth? Who are the key vendors in the Wireless Motor Monitoring System Market? What are the market opportunities and threats faced by the vendors in the Wireless Motor Monitoring System Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Wireless Motor Monitoring System Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wireless Motor Monitoring System market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wireless Motor Monitoring System market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Wireless Motor Monitoring System Manufacturers, Technology Providers, Potential Investors, Raw Material Suppliers, End-Use Industries, Government and Research Organizations, Trade Associations and Industry Bodies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.