Wireless Motor Monitoring System Market to Post 6.38% CAGR to 2022, Forecasts Infiniti Research in Its New Report Published at MarketPublishers.com23 Jan 2018 • by Natalie Aster
LONDON – The wireless motor monitoring system market is a vital segment of the parent machine condition monitoring ecosystem. The surging need across industries for well-timed servicing of equipment to decrease damages and improved personnel security in plants is projected to stimulate the growth of the world machine condition monitoring market in the foreseeable future.
The world wireless motor monitoring system market is poised to record a 6.38% CAGR through to 2022. One of the major drivers of the market is the surging requirement of predictive maintenance. In today’s industrial environment, maintenance does way more than merely avoiding the outage of individual assets.
Amid the key trends in the marketplace one can name the appearance of cloud-based motor condition monitoring systems, the growing need for sensors with mobile software, and the development of cutting-edge machine condition monitoring sensors.
General Electric, ABB, Advantech, Emerson Electric, Schneider Electric, Rockwell Automation, Siemens, Dynapar, Eaton, Banner Engineering, Honeywell International, amid others, are the dominant players in the market.
New cutting-edge research study “Global Wireless Motor Monitoring System Market 2018-2022” elaborated by Infiniti Research provides a profound, true analysis of the global market. It gives an all-round look at the market ecosystem, defines the market, discusses key characteristics, and offers detailed market segmentation based on product and end-user sector. A granular regional market analysis is also included. The report limelights the market’s actual scenario and its prospects for growth, estimates market size for 2017, as well as provides market size and growth forecasts to 2022. The study casts light on the major factors fuelling and limiting the market growth, delves deep into the key market trends and challenges. It examines the competitive scenario and reviews the leading vendors operating in the marketplace. The report also evaluates the market’s growth potential.
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