Market Overview:
The global industrial speed monitoring systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automation in industries, rising concerns for safety and security, and growing adoption of industrial robots. Based on type, the industrial speed monitoring systems market can be segmented into industrial tachometers, industrial speed transmitters, industrial rotation direction switches,industrial safety relays, andindustrial speed switches. Industrial tachometers are expected to hold the largest share of the global market in 2018 owing to their wide usage across various industries for measuring rotational speeds. Industrial transmitters are also projectedto witness high growth duringthe forecast period due tot heir increasing demand from automotive applications. .
Product Definition:
Industrial Speed Monitoring Systems are devices or software used to measure and monitor the speed of machines in an industrial setting. This information can be used to improve efficiency, optimize production, and troubleshoot problems.
Industrial Tachometers:
Industrial tachometers are used to measure the speed of a machine or vehicle. They are also used in process control systems for monitoring and controlling various processes such as cutting, drilling, extruding, etc. The growth factor in the industrial tachometer market is driven by factors such as growing demand from end-use industries and advancements in technology.
The use of digital technology has enabled manufacturers to make their products more reliable.
Industrial Speed Transmitters:
Industrial speed transmitters are used in industrial monitoring systems to measure the rotational speed of the machine. These devices are mainly used where a high accuracy is required and there is a need to reduce power consumption in any system. The most commonly used type of these products are AC-coupled, direct-drive, and stepper motors.
Application Insights:
The automotive segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The industrial revolution has changed the face of transportation, leading to an increase in vehicle production across the globe. This has resulted in an increased demand for speed monitoring systems that are used to control machinery or vehicles on a factory automation platform.
Automotive applications include engine management, transmission, and brake system monitoring as well as driver behavior tracking and safety enhancement systems among others such as airbag deployment detection, rollover sensor detection & disablement prevention systems among others depending upon vehicle type/model year combination monitored by these solutions during manufacturing process line stoppage or slowdown due to any reason which may lead upo nto improved overall plant productivity along with enhanced quality attributes resulting into higher product acceptance thereby driving industry growth over next seven years globally speaking.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong growth in industrial automation, which is one of the key factors contributing to its large share. China, Japan, South Korea, India and Taiwan are some of the prominent countries that have been experiencing strong growth in industrial automation over past few years.
The Asia Pacific regional market is also home for several rapidly expanding industries such as manufacturing (automobile), construction (robotics & drones) and others where speed monitoring systems play a vital role by providing real-time data stream for process optimization or machine failure detection. Moreover high population density along with rapid urbanization has led to an increased demand from residential sector as well which further increases overall product demand across this region.
Europe was another prominent regional segment occupying a significant share owing to growing adoption across numerous application sectors including automotive industry for vehicle diagnostics.
Growth Factors:
- Increasing demand for industrial automation across different industries to improve the efficiency and productivity of operations.
- Rising concerns over safety and security in industrial facilities, which is driving the adoption of speed monitoring systems for early detection of potential hazards.
- Growing popularity of Industry 4.0 and the Internet of Things (IoT) that is helping to create new opportunities for industrial speed monitoring systems market growth.
- Proliferation of smart factories that are equipped with advanced sensors and controls, which is resulting in increased demand for Industrial Speed Monitoring Systems market products 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Speed Monitoring Systems Market Research Report
By Type
Industrial Tachometers, Industrial Speed Transmitters, Industrial Rotation Direction Switches, Industrial Safety Relays, Industrial Speed Switches
By Application
Automotive, Factory Automation, Robot, Power industry, Others
By Companies
ABB, Electro-Sensors, Process Control Systems, Rockwell Automation, Siemens, Woodward, Eaton, Schmersal, Barksdale, SIGMATEK, ABB, Enercorp Instruments, Banner Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Speed Monitoring Systems Market Report Segments:
The global Industrial Speed Monitoring Systems market is segmented on the basis of:
Types
Industrial Tachometers, Industrial Speed Transmitters, Industrial Rotation Direction Switches, Industrial Safety Relays, Industrial Speed Switches
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Factory Automation, Robot, Power industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Electro-Sensors
- Process Control Systems
- Rockwell Automation
- Siemens
- Woodward
- Eaton
- Schmersal
- Barksdale
- SIGMATEK
- ABB
- Enercorp Instruments
- Banner Engineering
Highlights of The Industrial Speed Monitoring Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Tachometers
- Industrial Speed Transmitters
- Industrial Rotation Direction Switches
- Industrial Safety Relays
- Industrial Speed Switches
- By Application:
- Automotive
- Factory Automation
- Robot
- Power industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Speed Monitoring Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial Speed Monitoring Systems (ISS) are used to measure the speed of industrial machines and other equipment.
Some of the major players in the industrial speed monitoring systems market are ABB, Electro-Sensors, Process Control Systems, Rockwell Automation, Siemens, Woodward, Eaton, Schmersal, Barksdale, SIGMATEK, ABB, Enercorp Instruments, Banner Engineering.
The industrial speed monitoring systems market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Speed Monitoring Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Speed Monitoring Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Speed Monitoring Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Speed Monitoring Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Speed Monitoring Systems Market Size & Forecast, 2018-2028
4.5.1 Industrial Speed Monitoring Systems Market Size and Y-o-Y Growth
4.5.2 Industrial Speed Monitoring Systems Market Absolute $ Opportunity
Chapter 5 Global Industrial Speed Monitoring Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Speed Monitoring Systems Market Size Forecast by Type
5.2.1 Industrial Tachometers
5.2.2 Industrial Speed Transmitters
5.2.3 Industrial Rotation Direction Switches
5.2.4 Industrial Safety Relays
5.2.5 Industrial Speed Switches
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Speed Monitoring Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Speed Monitoring Systems Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Factory Automation
6.2.3 Robot
6.2.4 Power industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Speed Monitoring Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Speed Monitoring Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Speed Monitoring Systems Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Speed Monitoring Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Speed Monitoring Systems Market Size Forecast by Type
9.6.1 Industrial Tachometers
9.6.2 Industrial Speed Transmitters
9.6.3 Industrial Rotation Direction Switches
9.6.4 Industrial Safety Relays
9.6.5 Industrial Speed Switches
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Speed Monitoring Systems Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Factory Automation
9.10.3 Robot
9.10.4 Power industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Speed Monitoring Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Speed Monitoring Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Speed Monitoring Systems Market Size Forecast by Type
10.6.1 Industrial Tachometers
10.6.2 Industrial Speed Transmitters
10.6.3 Industrial Rotation Direction Switches
10.6.4 Industrial Safety Relays
10.6.5 Industrial Speed Switches
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Speed Monitoring Systems Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Factory Automation
10.10.3 Robot
10.10.4 Power industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Speed Monitoring Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Speed Monitoring Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Speed Monitoring Systems Market Size Forecast by Type
11.6.1 Industrial Tachometers
11.6.2 Industrial Speed Transmitters
11.6.3 Industrial Rotation Direction Switches
11.6.4 Industrial Safety Relays
11.6.5 Industrial Speed Switches
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Speed Monitoring Systems Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Factory Automation
11.10.3 Robot
11.10.4 Power industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Speed Monitoring Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Speed Monitoring Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Speed Monitoring Systems Market Size Forecast by Type
12.6.1 Industrial Tachometers
12.6.2 Industrial Speed Transmitters
12.6.3 Industrial Rotation Direction Switches
12.6.4 Industrial Safety Relays
12.6.5 Industrial Speed Switches
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Speed Monitoring Systems Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Factory Automation
12.10.3 Robot
12.10.4 Power industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Speed Monitoring Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Speed Monitoring Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Speed Monitoring Systems Market Size Forecast by Type
13.6.1 Industrial Tachometers
13.6.2 Industrial Speed Transmitters
13.6.3 Industrial Rotation Direction Switches
13.6.4 Industrial Safety Relays
13.6.5 Industrial Speed Switches
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Speed Monitoring Systems Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Factory Automation
13.10.3 Robot
13.10.4 Power industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Speed Monitoring Systems Market: Competitive Dashboard
14.2 Global Industrial Speed Monitoring Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Electro-Sensors
14.3.3 Process Control Systems
14.3.4 Rockwell Automation
14.3.5 Siemens
14.3.6 Woodward
14.3.7 Eaton
14.3.8 Schmersal
14.3.9 Barksdale
14.3.10 SIGMATEK
14.3.11 ABB
14.3.12 Enercorp Instruments
14.3.13 Banner Engineering
