Market Overview:
The global wireless motor monitoring system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wireless motor monitoring systems from various end-use industries, such as oil & gas, power, automotive and others. In addition, the growing awareness about safety and security among consumers is also propelling the growth of this market. On the basis of type, the global wireless motor monitoring system market can be segmented into on-premise and cloud-based systems.
Product Definition:
Wireless Motor Monitoring System is a system that monitors the health and performance of electric motors using wireless sensors. The importance of Wireless Motor Monitoring System is that it helps to prevent motor failures, which can lead to costly repairs or down time.
On-Premise:
On-premise is a term used to define software and data that are stored on the end user's computer system. The data and software can be accessed by multiple users from different locations in the world. An on-premise solution is a complete set of tools, which includes sensors, wireless devices, analytics solutions as well as cloud connectivity for real-time monitoring of motorized vehicles. It also provides information about vehicle location and status such as speed, heading etc.
Cloud:
Cloud is a collection of remote servers that are connected by a network. It provides shared space where any user can store data, applications, and files. The data stored in the cloud can be accessed from different locations through different devices such as laptops, smartphones and tablets etc. In addition to this it offers various services such as storage capacity for large media files; online backup of personal or commercial information; sharing of documents; collaboration tools for Microsoft Office Online and Google Drive etc.
Application Insights:
The oil & gas industry is anticipated to emerge as the dominant segment over the forecast period. The growth can be attributed to a rise in demand for wireless monitoring systems in this sector. Wireless motor monitoring system has several advantages, such as easy installation and flexible operating modes that offer enhanced performance and efficiency across a wide range of applications.
The power industry is also expected to witness significant growth over the forecast period owing to increasing investments by governments worldwide for developing renewable sources of energy generation, such as wind and solar energy. These investments are projected to boost demand for electric motors across various industries including automotive, construction equipment manufacturing etc., which will further propel market growth during the study period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for motor monitoring systems in countries, such as China and India. In 2016, China accounted for a share of more than 30% of global production and consumption of electric motors. Moreover, rapid industrialization coupled with expanding power sector in these countries will drive the market further.
North America is estimated to account for a significant revenue share by 2030 owing to early adoption of wireless motor monitoring system solutions in various industries across U.S., Canada, and Mexico). However, stringent government regulations regarding energy consumption may hinder industry growth over this period; hence reducing overall revenue shares projected by 2030 to 22%.
Europe was one of the prominent markets accounting for more than 25% revenue share in 2017 owing to early adoption on account rising environmental concerns among end users along with growing emphasis on reducing electricity costs associated with traditional wired methods used till now (power generation).
Growth Factors:
- Increasing demand for wireless motor monitoring system from automotive and transportation sector
- Growing popularity of Industry 4.0 concept across the globe
- Rising need for energy-efficient systems in industrial sector
- Proliferation of IoT-based applications and services
- Increasing adoption of wireless motor monitoring system by small and medium enterprises
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Motor Monitoring System Market Research Report
By Type
On-Premise, Cloud
By Application
Oil & Gas, Power, Automotive, Others
By Companies
Emerson Electric, General Electric, Honeywell, National Instruments, SKF, Parker Hannifin, Rockwell Automation, Siemens, Yokogawa, Pruftechnik Dieter Busch, Flir Systems, SPM Instrument, Analog Devices, Fluke, PCB Piezotronics, Petasense
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Motor Monitoring System Market Report Segments:
The global Wireless Motor Monitoring System market is segmented on the basis of:
Types
On-Premise, Cloud
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
Oil & Gas, Power, Automotive, 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:
- Emerson Electric
- General Electric
- Honeywell
- National Instruments
- SKF
- Parker Hannifin
- Rockwell Automation
- Siemens
- Yokogawa
- Pruftechnik Dieter Busch
- Flir Systems
- SPM Instrument
- Analog Devices
- Fluke
- PCB Piezotronics
- Petasense
Highlights of The Wireless Motor Monitoring System 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:
- On-Premise
- Cloud
- By Application:
- Oil & Gas
- Power
- Automotive
- 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 Wireless Motor Monitoring System 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A Wireless Motor Monitoring System (WMMS) is a type of monitoring system that uses wireless technology to collect data from motors. WMMS systems can be used to monitor the health and performance of motors in industrial applications, such as manufacturing, transportation, and power generation.
Some of the major players in the wireless motor monitoring system market are Emerson Electric, General Electric, Honeywell, National Instruments, SKF, Parker Hannifin, Rockwell Automation, Siemens, Yokogawa, Pruftechnik Dieter Busch, Flir Systems, SPM Instrument, Analog Devices, Fluke, PCB Piezotronics, Petasense.
The wireless motor monitoring system market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wireless Motor Monitoring System 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 Wireless Motor Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wireless Motor Monitoring System 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 Wireless Motor Monitoring System 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 Wireless Motor Monitoring System Market Size & Forecast, 2020-2028
4.5.1 Wireless Motor Monitoring System Market Size and Y-o-Y Growth
4.5.2 Wireless Motor Monitoring System Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Power
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Motor Monitoring System 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 Wireless Motor Monitoring System 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Cloud
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 Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Power
9.10.3 Automotive
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Cloud
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 Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Power
10.10.3 Automotive
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Cloud
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 Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Power
11.10.3 Automotive
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Cloud
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 Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Power
12.10.3 Automotive
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Cloud
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) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Power
13.10.3 Automotive
13.10.4 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 Wireless Motor Monitoring System Market: Competitive Dashboard
14.2 Global Wireless Motor Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Electric
14.3.2 General Electric
14.3.3 Honeywell
14.3.4 National Instruments
14.3.5 SKF
14.3.6 Parker Hannifin
14.3.7 Rockwell Automation
14.3.8 Siemens
14.3.9 Yokogawa
14.3.10 Pruftechnik Dieter Busch
14.3.11 Flir Systems
14.3.12 SPM Instrument
14.3.13 Analog Devices
14.3.14 Fluke
14.3.15 PCB Piezotronics
14.3.16 Petasense
