COVID-19 Recovery Analysis: Global Wireless Motor Monitoring System Market | Increasing Need for Predictive Maintenance to Boost Market Growth | Technavio
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.
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
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