Analysts forecast the global portable industrial data collectors and analyzers market to grow at a CAGR of 5.19% during the period 2018-2022. The latest trend gaining momentum in the market is increasing availability of upgrade options for portable industrial data collectors and analyzers.
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The evolution of portable industrial data collectors and analyzers is a result of innovations in condition monitoring equipment, which, in turn, raised the availability of upgrade options in portable industrial data collectors and analyzers.
A major advantage of the availability of upgrade options is that they increase the scope of use and effectiveness of portable industrial data collectors and analyzers. The availability of upgrades and machine vibration analysis software aid the diagnosis of machine faults with demodulated vibration spectrum cepstral plots, time synchronous averaging, and comparisons to machine baseline spectral data.
Thus, leading to increased adoption and better use of portable industrial data collectors and analyzers.
Major key players in the global portable industrial data collecto…analyzers market: ABB, AZIMA DLI, Emerson Electric, General Electric, Rockwell Automation, and SKF
According to the portable industrial data collectors and analyzers market report, one of the major drivers for this market is Ease of predictive maintenance through compact and portable devices. In industries such as oil and gas, mining, water and wastewater, and food and beverages, motors play a vital role in the functioning of the plant.
Hence, motor monitoring is an essential function, which decides not only the efficiency of the plant but also reduces the downtime. These motors require periodic maintenance, which turns out to be expensive for the plant if not done at the proper time.
Further, the portable industrial data collectors and analyzers market report states that one of the major factors hindering the growth of this market is Criticality of battery life. Wireless condition monitoring devices are small, compact self-contained units with a radio, battery, and a sensing element, and its circuitry all combined in one enclosure.
There are also some units that are line powered with wireless communication. The main components of these wireless condition monitoring devices are portable data collectors and analyzers, which are battery powered.
The life of batteries used in these devices normally depends on the use of the devices.
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Key questions answered in this report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Few Points from List of Exhibits Provided in Global Portable Industrial Data Collectors and Analyzers Market 2018-2022:
Exhibit 1: Global machine condition monitoring market
Exhibit 2: Global portable industrial data collectors and analyzers market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global Market size and forecast 2017-2022 ($ mn)
Exhibit 9: Global Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five Forces 2017
Exhibit 18: Customer landscape
Exhibit 19: End-user Market share 2017-2022 (%)
Exhibit 20: Comparison by end-user