According to a market report by Lucintel, the future of the global motor monitoring market looks promising with opportunities in the oil & gas, automotive & transportation, power generation, metals & mining, and aerospace & defense markets. The global motor monitoring market is expected to grow with a CAGR of 8.5% from 2025 to 2031. The major drivers for this market are the increasing demand for predictive maintenance, the rising need for energy efficiency, and the growing adoption of industrial automation.
A more
than 150-page report to understand trends, opportunity and forecast in global motor
monitoring market to 2031 by offerings (software and hardware), process
(on-premise and cloud), deployment (portable and online), end use (oil &
gas, automotive & transportation, power generation, metals & mining,
aerospace & defense, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel
forecasts that, within the offerings category, hardware will remain a larger
segment over the forecast period.
Within the
end use category, oil & gas will remain the largest segment.
In terms
of region, North America will remain the largest region over the forecast
period.
Download
sample by clicking on motor monitoring
market.
Emerson
Electric, ABB, General Electric Company, Siemens, Honeywell International,
Schneider Electric, Banner Engineering, Wilson Transformer Company, SKF,
Rockwell Automation are the major
suppliers in the motor
monitoring market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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