The analysts forecast global wireless motor monitoring system market to grow at a CAGR of 6.38% during the period 2018-2022. One trend in the market is emergence of cloud-based motor condition monitoring system.
Condition-based maintenance involves a procedure in which maintenance is performed to determine whether the equipment is prone to failure or its efficiency will decrease.
Technologies such as vibration analysis, motor current signature, ultrasound, and oil analysis help assess machinery health and predict future failures using condition-based monitoring.
Major key players in the global wireless motor monitoring system market: ABB, Eaton, Emerson Electric, Rockwell Automation, Schneider Electric, Siemens, Advantech, Banner Engineering, Dynapar, General Electric, Honeywell International, KCF Technologies, Littelfuse, Monnit, National Instruments, Nidec, NXP Semiconductors, PCB Piezotronics, Petasense, Plexus Controls, RFMicron, SKF, Softbit Technologies, and Texas Instruments.
Wireless Motor Monitoring System Market at www.reportsnreports.com/contacts/.aspx?name=1286827.
According to the wireless motor monitoring system market report, one driver in the market is increasing need for predictive maintenance. In the current industrial environment, maintenance does much more than merely avoid downtime of individual assets.
Machines are extensively interconnected along the production chain. One failing machine might pause the whole production process.
In industries, poor maintenance strategies can decrease the overall productive capacity of a plant. Long and constant runtimes of capital-intensive, highly-integrated assets or machines can lead to substantial competitive advantage.
Predictive maintenance attempts to avert failures by maintaining equipment at pre-scheduled time intervals. This tactic is usually adopted when the cost of maintenance is modest and can be carried out outside production hours.
Report at www.reportsnreports.com/.aspx?name=1286827.
Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Machine Condition Monitoring 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 Wireless Motor Monitoring System Market - Market Size and Forecast 2017-2022 ($ Mn)
Exhibit 9: Global Wireless Motor Monitoring System Market- Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Difference Between Wired and Wireless Motor Monitoring Systems
Exhibit 11: Five Forces Analysis 2017
Exhibit 12: Five Forces Analysis 2022
Exhibit 13: Bargaining Power of Buyers
Exhibit 14: Bargaining Power of Suppliers
Exhibit 15: Threat of New Entrants
Exhibit 16: Threat of Substitutes
Exhibit 17: Threat of Rivalry
Exhibit 18: Market Condition - Five Forces 2017
Exhibit 19: Product - Market Share 2017-2022 (%)
Exhibit 20: Comparison by Product