COVID-19 Recovery Analysis: Global Wireless Motor Monitoring System Market | Increasing Need for Predictive Maintenance to Bo...
September 22 2020 - 4:00AM
Business Wire
Technavio has been monitoring the global wireless motor
monitoring system market size and it is poised to grow by USD
100.12 million during 2020-2024, progressing at a CAGR of over 4%
during the forecast period. The report offers an up-to-date
analysis regarding the current market scenario, latest trends and
drivers, and the overall market environment.
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Technavio has announced its latest market
research report titled Global Wireless Motor Monitoring System
Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth
of various industries, the immediate impact of the outbreak is
varied. While a few industries will register a drop in demand,
numerous others will continue to remain unscathed and show
promising growth opportunities. Technavio’s in-depth research has
all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. ABB Ltd., Advantech Co.
Ltd., Eaton Corporation Plc, Emerson Electric Co., Honeywell
International Inc., Nidec Corp., Rockwell Automation Inc.,
Schneider Electric SE, Siemens AG, and Texas Instruments Inc. are
some of the major market participants. To make the most of the
opportunities, market vendors should focus more on the growth
prospects in the fast-growing segments, while maintaining their
positions in the slow-growing segments.
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The increasing need for predictive maintenance has been
instrumental in driving the growth of the market. However, the
frequent interruption due to signal interference might hamper
market growth.
Technavio's custom research reports offer detailed insights
on the impact of COVID-19 at an industry level, a regional level,
and subsequent supply chain operations. This customized report will
also help clients keep up with new product launches in direct &
indirect COVID-19 related markets, upcoming vaccines and pipeline
analysis, and significant developments in vendor operations and
government regulations. Download a Free Sample Report on
COVID-19 Impacts
Wireless Motor Monitoring System Market 2020-2024:
Segmentation
Wireless Motor Monitoring System Market is segmented as
below:
- Product
- Vibration Sensors
- Power Sensors
- Dual Analog Sensors
- Geographic Landscape
- North America
- Europe
- APAC
- MEA
- South America
Wireless Motor Monitoring System Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way
of study, synthesis, and summation of data from multiple sources.
The wireless motor monitoring system
market report covers the following areas:
- Wireless Motor Monitoring System Market Size
- Wireless Motor Monitoring System Market Trends
- Wireless Motor Monitoring System Market Industry Analysis
This study identifies the growing adoption of cloud computing as
one of the prime reasons driving the Wireless Motor Monitoring
System Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic,
probable, and pessimistic) considering the impact of COVID-19.
Technavio’s in-depth research has direct and indirect COVID-19
impacted market research reports.
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Wireless Motor Monitoring System Market 2020-2024: Key
Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist wireless motor
monitoring system market growth during the next five years
- Estimation of the wireless motor monitoring system market size
and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the wireless motor monitoring system market
- Analysis of the market’s competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of wireless motor monitoring system market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Vibration sensors - Market size and forecast 2019-2024
- Power sensors - Market size and forecast 2019-2024
- Dual analog sensors - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Oil and gas - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Water and wastewater industry - Market size and forecast
2019-2024
- Food and beverage - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Wireless protocol
- Wireless LAN
- Wireless HART
- WiMAX
- ZigBee
- Bluetooth
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive landscape
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Advantech Co. Ltd.
- Eaton Corporation Plc
- Emerson Electric Co.
- Honeywell International Inc.
- Nidec Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Texas Instruments Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focus on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions. With over 500 specialized analysts,
Technavio’s report library consists of more than 17,000 reports and
counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including
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relies on Technavio’s comprehensive coverage, extensive research,
and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive
positions within changing market scenarios.
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version on businesswire.com: https://www.businesswire.com/news/home/20200922005120/en/
Technavio Research Jesse Maida Media & Marketing Executive
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