Market Overview:
The global shaft voltage monitoring 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 shaft voltage monitoring in industrial and automotive applications. Additionally, the growing awareness about safety and security is also propelling the growth of this market.
Product Definition:
Shaft voltage monitoring is the process of measuring the voltage at a point on an electric motor's shaft. This measurement can be used to detect problems with the motor and ensure that it is running within its safe operating range.
Battery Powered:
Battery powered devices are expected to witness significant growth over the forecast period. This can be attributed to factors such as growing demand for wireless products, increasing application in medical sector and consumer preference towards portable products.
The market is segmented on the basis of product into battery operated equipment and electric operated equipment. Battery-operated devices include power tools, cordless phones, laptops & notebooks, remote controls etc.
Power Supply:
Power supply is an equipment that provides electric power to the machinery. It consists of a transformer, rectifier, filter capacitors and other components. The power supply monitors the voltage fluctuations in the machine and protects it from damage by switching off the electricity when there are voltage fluctuations above a certain value.
The monitor unit displays real-time information on shaft speed along with a visual representation of current.
Application Insights:
The industrial segment accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growing demand for electric motors, owing to their ability to reduce operating costs and provide energy savings is projected to drive the growth of this application segment. Shaft voltage monitoring systems are used in various industries including chemical, petrochemical, power generation and marine among others.
Industrial applications include machine tools where high precision is required regarding cutting edge sharpness as well as torque measurement along with other parameters such as spindle speed & feed rate among others. Voltage monitoring systems are also used in drilling machines where high accuracy of positioning is required along with other parameters such as bit depth & rotational speed among others which can be measured by a shaft sensor attached on a drill bit end or motor/rotary table respectively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising demand for electricity in various applications. For instance, China is one of the largest manufacturing hubs across the globe owing to low labor cost and easy availability of raw materials as well as a skilled workforce.
The country has been witnessing rapid urbanization due to strong economic growth, which has led to an increase in construction activities across all sectors including mining, oil & gas, power generation, transportation among others. This trend is projected to drive industry expansion over the next eight years.
North America accounted for more than 20% revenue share in 2016 owing its large number of shafts coupled with advanced infrastructure development projects such as nuclear power plants along with wind farms that require constant monitoring & maintenance services 24/7 throughout their lifetime cycle – from drilling through production till final shutdown procedure; thus driving product demand over the forecast period.
Growth Factors:
- Increasing demand for shaft voltage monitoring in the automotive industry to improve the efficiency of electric vehicles
- Growing popularity of shaft voltage monitoring systems among wind turbine operators to prevent downtime and increase energy production
- Rising demand from data centers and other large-scale electricity consumers for reliable, real-time shaft voltage monitoring solutions
- Proliferation of smart grid technologies that enable more efficient distribution and consumption of electricity
- Growing awareness among industrial and commercial facility managers about the benefits of shaft voltage monitoring
Scope Of The Report
Report Attributes
Report Details
Report Title
Shaft Voltage Monitoring Market Research Report
By Type
Battery Powered, Power Supply
By Application
Industrial, Automotive, Others
By Companies
Qualitrol Corp, Prysmian Group, Quartz-teq, KONCAR Group, Aegis, Fortive (Fluke Corporation)
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Shaft Voltage Monitoring Market Report Segments:
The global Shaft Voltage Monitoring market is segmented on the basis of:
Types
Battery Powered, Power Supply
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
Industrial, 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:
- Qualitrol Corp
- Prysmian Group
- Quartz-teq
- KONCAR Group
- Aegis
- Fortive (Fluke Corporation)
Highlights of The Shaft Voltage Monitoring 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:
- Battery Powered
- Power Supply
- By Application:
- Industrial
- 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 Shaft Voltage Monitoring 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?
Shaft voltage monitoring is a process that allows technicians to continuously monitor the voltage levels at the shafts of an engine. This information can help identify potential problems with the engine and allow for quick repairs.
Some of the major players in the shaft voltage monitoring market are Qualitrol Corp, Prysmian Group, Quartz-teq, KONCAR Group, Aegis, Fortive (Fluke Corporation).
The shaft voltage monitoring market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shaft Voltage Monitoring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shaft Voltage Monitoring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shaft Voltage Monitoring Market - Supply Chain
4.5. Global Shaft Voltage Monitoring Market Forecast
4.5.1. Shaft Voltage Monitoring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shaft Voltage Monitoring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shaft Voltage Monitoring Market Absolute $ Opportunity
5. Global Shaft Voltage Monitoring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shaft Voltage Monitoring Market Size and Volume Forecast by Type
5.3.1. Battery Powered
5.3.2. Power Supply
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shaft Voltage Monitoring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shaft Voltage Monitoring Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Automotive
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shaft Voltage Monitoring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shaft Voltage Monitoring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shaft Voltage Monitoring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shaft Voltage Monitoring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shaft Voltage Monitoring Demand Share Forecast, 2019-2026
9. North America Shaft Voltage Monitoring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shaft Voltage Monitoring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shaft Voltage Monitoring Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Automotive
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shaft Voltage Monitoring Market Size and Volume Forecast by Type
9.7.1. Battery Powered
9.7.2. Power Supply
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shaft Voltage Monitoring Demand Share Forecast, 2019-2026
10. Latin America Shaft Voltage Monitoring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shaft Voltage Monitoring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shaft Voltage Monitoring Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Automotive
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shaft Voltage Monitoring Market Size and Volume Forecast by Type
10.7.1. Battery Powered
10.7.2. Power Supply
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shaft Voltage Monitoring Demand Share Forecast, 2019-2026
11. Europe Shaft Voltage Monitoring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shaft Voltage Monitoring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shaft Voltage Monitoring Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Automotive
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shaft Voltage Monitoring Market Size and Volume Forecast by Type
11.7.1. Battery Powered
11.7.2. Power Supply
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shaft Voltage Monitoring Demand Share, 2019-2026
12. Asia Pacific Shaft Voltage Monitoring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shaft Voltage Monitoring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shaft Voltage Monitoring Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Automotive
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shaft Voltage Monitoring Market Size and Volume Forecast by Type
12.7.1. Battery Powered
12.7.2. Power Supply
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shaft Voltage Monitoring Demand Share, 2019-2026
13. Middle East & Africa Shaft Voltage Monitoring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shaft Voltage Monitoring Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shaft Voltage Monitoring Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Automotive
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shaft Voltage Monitoring Market Size and Volume Forecast by Type
13.7.1. Battery Powered
13.7.2. Power Supply
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shaft Voltage Monitoring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shaft Voltage Monitoring Market: Market Share Analysis
14.2. Shaft Voltage Monitoring Distributors and Customers
14.3. Shaft Voltage Monitoring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Qualitrol Corp
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Prysmian Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Quartz-teq
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KONCAR Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aegis
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fortive (Fluke Corporation)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
