Motor Monitoring Market: Global Industry Research Report 2020-2027 | Envisage Research

Motor Monitoring Market - By Offering (Hardware, Software) Based on Industry (Metals & Mining, Oil & Gas, Power Generation) By Others (Agriculture and Electronics & Semiconductor) By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Industry Analysis, opportunity and Forecast 2020 To 2027

Published Date: May 2021

No. of Pages: 198

Status: Published

Report Code: EMR100568

The motor monitoring market was valued at USD 1.8 billion in 2020 and is expected to reach USD 3.2 billion by 2027, at a CAGR of 8.6% during the forecast period. Motors are used in several industries to power various equipment.

Motor monitoring play an important role in terms of components as they are directly proportional to the productivity, output, and financial strength of industries, and thus any error in the monitoring of motor must be analyzed and corrected at an early stage. Motor monitoring is the collection, sorting, and analyzing of streamed data with the help of detectors, sensors, diagnostic software, and so on and has its application in several industry verticals including oil & gas, power generation, aerospace & defence, automotive, and others.Electric motors are exposed to several operational and environmental hazards that cause thermal stress on the windings thus degrading the motor insulating quality and affecting the life expectancy. Hence, motor monitoring has become an important aspect and most effective tactic to locate potential problems.

Until recently, preventing motor failure was complex and costly. However, the declining costs of sub-meters and sensors coupled with advancements in the big data technology have made motor monitoring accurate and affordable. All these aforementioned factors are anticipated to drive the growth of the global market over the forecast period.

Rising popularity of wireless technologies across various sectors, such as manufacturing, is also contributing to the growth of this market. In addition, adoption of cloud computing platform is anticipated to leverage potential growth opportunities for the market over the years to come.

Defining, locating, and acting on potential problems before they become disastrous is the primary objective of predictive maintenance program. Therefore, routine monitoring is the most-effective tactic for identifying potential areas and can encourage invaluable follow-up inspections. Through inspections with appropriate equipment, multiple issues could be rectified, therefore avoiding critical downtime and safeguarding more-efficient operations. Hence, the motor monitoring process allows plant managers to monitor down-time, enhance plant operations, and identify poor performing equipments. Moreover, the rapid advancement in motor monitoring process through wireless technologies is further fuelling the growth of the market.

The major players in the market include Banner Engineering Corporation, ABB Ltd., National Instruments Corporation, SKF AB, Honeywell International Inc, General Electric Company, Emerson Electric Company, Rockwell Automation Inc, Schneider Electric SE, and Mitsubishi Electric Corporation among others.

Analyst Commentary

This growth is attributed to the important role of hardware in ensuring basic-level monitoring of motors in an entire plant or system. Hardware offerings comprise vibration sensors, infrared sensors, ultrasound detectors, and corrosion probes that are used to collect and analyze data, which is essential for any monitoring solution and thus is a key factor contributing to the market for hardware offering.

Oil & gas companies have been emphasizing on increasing productivity and lowering operating costs in response to the pressure built by the fluctuating oil prices in the global market; this encourages them to select and implement predictive maintenance programs, including motor monitoring, to ensure continuous functioning of plant machinery and prevent unplanned downtime.

Segmentation
The global market is segmented based on offering, industry and region. On the basis of offering the market is segmented into hardware and software. Based on industry the market is segmented into Metals & Mining, Oil & Gas, Power Generation and others.

Regional Analysis

North America accounted for the largest market share of 38.1% in 2019. This is ascribed to the presence of major players coupled with quick adoption of advanced technologies and infrastructure networks in the region. The regional market will expand further as it is witnessing constant advancements in motor monitoring software, such as improved security measures for cloud users and developments in cloud computing.

Europe is anticipated to witness moderate growth by 2025. However, Asia Pacific is expected to emerge as the fastest-growing region over the forecast years. Significant investments by several companies to expand within the region are anticipated to drive the market growth in APAC. Furthermore, presence of huge industrial sector, rapid urbanization, and expansion of manufacturing activities will add to the market growth.

The growth of the market in APAC region is attributed to the presence of several manufacturing industries and increasing awareness regarding the benefits of the implementation of monitoring solutions. China, Japan, South Korea, and India own a substantial number of manufacturing industries; therefore, there is a continuous demand for motor monitoring systems in APAC.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Military computers Market
Chapter 5. Global Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
5.1. Global Military computers Market Share, By Type, 2015 - 2027 (USD Billion)
5.1.1. Rugged computers
5.1.1.1. Market Size and Projections,2015 - 2027 (USD Billion)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.2. Embedded computers
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 6. Global Military computers Market Overview, By Platform, 2015 - 2027(USD Billion)
6.1. Global Military computers Market Share, By Platform, 2015 - 2027 (USD Billion)
6.1.1. Aircraft
6.1.1.1. Market Size and Projections,2015 - 2027 (USD Billion)
6.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.2. Naval
6.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.3. Ground
6.1.3.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.4. Others
6.1.4.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 7. Global Military computers Market Overview, By Geography, 2015 - 2027(USD Billion)
7.1. Global Military computers Market Share, By Geography, 2015 - 2027(USD Billion)
7.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Billion)
7.1.2. Market Share and CAGR Comparison, by Countries, 2020 - 2027 (%)
Chapter 8. North America Military computers Market Overview, By Countries, 2015 - 2027(USD Billion)
8.1. North America Military computers Market Overview, 2015 - 2027 (USD Billion)
8.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.2. North America Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
8.1.3. North America Military computers Market Overview, By Platform ,2015 - 2027 (USD Billion)
8.1.4. North America Military computers Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1.4.1. U.S. Military computers Market Overview, 2015 - 2027 (USD Billion)
8.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.1.2. U.S. Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
8.1.4.1.3. U.S. Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
8.1.4.2. Canada Military computers Market Overview, 2015 - 2027 (USD Billion)
8.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.2.2. Canada Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
8.1.4.2.3. Canada Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
8.1.4.3. Mexico Military computers Market Overview, 2015 - 2027 (USD Billion)
8.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.3.2. Mexico Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
8.1.4.3.3. Mexico Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
Chapter 9. Europe Military computers Market Overview, By Countries, 2015 - 2027(USD Billion)
9.1. Europe Military computers Market Overview, 2015 - 2027 (USD Billion)
9.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.2. Europe Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
9.1.3. Europe Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
9.1.4. Europe Military computers Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1.4.1. Germany
9.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.1.2. Germany Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.1.3. Germany Military computers Market Overview, By Platform, 2015 - 2027(USD Billion)
9.1.4.2. France
9.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.2.2. France Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.2.3. France Military computers Market Overview, By Platform, 2015 - 2027(USD Billion)
9.1.4.3. UK
9.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.3.2. UK Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.3.3. UK Military computers Market Overview, By Platform, 2015 - 2027(USD Billion)
9.1.4.4. Italy
9.1.4.4.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.4.2. Italy Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.4.3. Italy Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.4.4. Italy Military computers Market Overview, By Platform2015 - 2027(USD Billion)
9.1.4.5. Spain
9.1.4.5.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.5.2. Spain Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.5.3. Spain Military computers Market Overview, By Platform, 2015 - 2027(USD Billion)
9.1.4.6. Rest of Europe
9.1.4.6.1. Market size and projections, 2015 – 2027
9.1.4.6.2. Rest of Europe Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.6.3. Rest of Europe Military computers Market Overview, By Platform, 2015 - 2027(USD Billion)
Chapter 10. Asia Pacific Military computers Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1. Asia Pacific Military computers Market Overview, 2015 - 2027 (USD Billion)
10.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.2. Asia Pacific Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
10.1.3. Asia Pacific Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4. Asia Pacific Military computers Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1.4.1. India
10.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.1.2. India Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.1.3. India Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4.2. China
10.1.4.2.1. Market size and projections, 2015 - 2027(USD Billion)
10.1.4.2.2. China Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.2.3. China Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4.3. Japan
10.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.3.2. Japan Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.3.3. Japan Military computers Market Overview, By Platform, 2015 - 2027(USD Billion)
10.1.4.4. South Korea
10.1.4.4.1. Market size and projections, 2015 - 2027(USD Billion)
10.1.4.4.2. South Korea Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.4.3. South Korea Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
10.1.4.5. Rest of Asia Pacific
10.1.4.5.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.5.2. Rest of Asia Pacific Military computers Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.5.3. Rest of Asia Pacific Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
Chapter 11. Middle East & Africa Military computers Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1. Middle East & Africa Military computers Market Overview, 2015 - 2027 (USD Billion)
11.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.2. Middle East & Africa Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
11.1.3. Middle East & Africa Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
11.1.4. Middle East & Africa Military computers Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1.4.1. GCC
11.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.1.2. GCC Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
11.1.4.1.3. GCC Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
11.1.4.2. South Africa
11.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.2.2. South Africa Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
11.1.4.2.3. South Africa Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
11.1.4.3. Rest of Middle East & Africa
11.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.3.2. Rest of Middle East & Africa Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
11.1.4.3.3. Rest of Middle East & Africa Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
Chapter 12. South America Military computers Market Overview, By Countries, 2015 - 2027 (USD Billion)
12.1. South America Military computers Market Overview, 2015 - 2027 (USD Billion)
12.1.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.2. South America Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
12.1.3. South America Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
12.1.4. South America Military computers Market Overview, By Countries, 2015- 2026 (USD Billion)
12.1.5. Brazil
12.1.5.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.5.2. Brazil Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
12.1.5.3. Brazil Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
12.1.6. Argentina
12.1.6.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.6.2. Argentina Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
12.1.6.3. Argentina Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
12.1.7. Rest of South America
12.1.7.1. Market size and projections, 2015 – 2027
12.1.7.2. Rest of South America Military computers Market Overview, By Type, 2015 - 2027 (USD Billion)
12.1.7.3. Rest of South America Military computers Market Overview, By Platform, 2015 - 2027 (USD Billion)
Chapter 13. Competitive Landscape
13.1. Competitive environment, 2020
13.2. Strategic framework
13.2.1. Partnership/agreement
13.2.2. Expansion
13.2.3. Mergers & Acquisitions
13.2.4. New product development
Chapter 14. Key Vendor Analysis
14.1. Cobham PLC
14.1.1. Company overview
14.1.2. Financial performance
14.1.3. Mice Benchmarking
14.1.4. Recent initiatives
14.1.5. SWOT analysis
14.2. Curtiss-Wright Corporation
14.2.1. Company overview
14.2.2. Financial performance
14.2.3. Mice Benchmarking
14.2.4. Recent initiatives
14.2.5. SWOT analysis
14.3. Elibit systems.
14.3.1. Company overview
14.3.2. Financial performance
14.3.3. Mice Benchmarking
14.3.4. Recent initiatives
14.4. General dynamics corporation
Chapter 15. Military computers Market Cost Analysis
15.1. Military computers Market Key Raw Materials Analysis
15.1.1. Key Raw Materials
15.1.2. Price Trend of Key Raw Materials
15.1.3. Key Suppliers of Raw Materials
15.1.4. Market Concentration Rate of Raw Materials
15.1.5. Raw Materials
15.1.6. Labor Cost
Chapter 16. Industrial Chain, Sourcing Strategy and Downstream Buyers
16.1. Military computers Market Industrial Chain Analysis
16.2. Upstream Raw Materials Sourcing
16.3. Raw Materials Sources of Military computers Market Major Manufacturers in 2020
16.4. Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
17.1. Marketing Channel
17.1.1. Direct Marketing
17.1.2. Indirect Marketing
17.1.3. Marketing Channel Development Trend
17.2. Market Positioning
17.2.1. Pricing Strategy
17.2.2. Brand Strategy
17.2.3. Target Client
17.3. Distributors/Traders List
Chapter 18. Market Effect Factors Analysis
18.1. Technology Progress/Risk
18.1.1. Substitutes Threat
18.1.2. Technology Progress in Related Platform
18.2. Consumer Needs/Customer Preference Change
18.3. Economic/Political Environmental Change
Chapter 19. Future Outlook of the Market
Disclaimer
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Military computers Market share, by Type, 2020 & 2027 (%)
10. Global Military computers Market share, by Rugged computers, by Type, 2015 - 2027 (USD Billion)
11. Global Military computers Market share, by Embedded computers, by Type, 2015 - 2027 (USD Billion)
12. Global Military computers Market share, by Platform, 2020 & 2027 (%)
13. Global Military computers Market share, by Aircraft, by Platform, 2015 - 2027 (USD Billion)
14. Global Military computers Market share, by Naval, by Platform 2015 - 2027 (USD Billion)
15. Global Military computers Market share, by Ground, by Platform 2015 - 2027 (USD Billion)
16. Global Military computers Market share, by Others, by Platform 2015 - 2027 (USD Billion)
17. Global Military computers Market share, by region, 2020 & 2027 (%)
18. Global Military computers Market share, by region, 2015 - 2027(USD Billion)
19. North America Military computers Market, 2015 - 2027(USD Billion)
20. North America Military computers Market share, by Countries, 2020 & 2027 (%)
21. U.S. Military computers Market, 2015 - 2027(USD Billion)
22. Canada Military computers Market, 2015 - 2027(USD Billion)
23. Europe Military computers Market, 2015 - 2027(USD Billion)
24. Europe Military computers Market share, by Countries, 2020 & 2027 (%)
25. Spain Military computers Market, 2015 - 2027(USD Billion)
26. UK Military computers Market, 2015 - 2027(USD Billion)
27. Italy Military computers Market, 2015 - 2027(USD Billion)
28. Germany Military computers Market, 2015 - 2027(USD Billion)
29. France Military computers Market, 2015 - 2027(USD Billion)
30. Rest of Europe Military computers Market, 2015 - 2027(USD Billion)
31. Asia-Pacific Military computers Market, 2015 - 2027(USD Billion)
32. Asia-Pacific Military computers Market share, by Countries, 2020 & 2027 (%)
33. China Military computers Market, 2015 - 2027(USD Billion)
34. India Military computers Market, 2015 - 2027(USD Billion)
35. Australia Military computers Market, 2015 - 2027(USD Billion)
36. Japan Military computers Market, 2015 - 2027(USD Billion)
37. Rest of Asia-Pacific Military computers Market, 2015 - 2027(USD Billion)
38. Middle East & Africa Military computers Market, 2015 - 2027(USD Billion)
39. Middle East & Africa Military computers Market share, by Countries, 2020 & 2027 (%)
40. GCC Military computers Market, 2015 - 2027(USD Billion)
41. South Africa Military computers Market, 2015 - 2027(USD Billion)
42. Rest Of Middle East & Africa Military computers Market, 2015 - 2027(USD Billion)
43. South America Military computers Market, 2015 - 2027(USD Billion)
44. Brazil Military computers Market, 2015 - 2027(USD Billion)
45. Mexico Military computers Market, 2015 - 2027(USD Billion)
46. Argentina Military computers Market, 2015 - 2027(USD Billion)
47. Rest Of South America Military computers Market, 2015 - 2027(USD Billion)

List of Tables

1. Impact of Market drivers
2. Impact of Market restraints
3. Global Military computers Market, 2015-2027 (USD Billion)
4. Military computers requirement, by country, 2015-2027, (USD Billion)
5. North America Military computers Market, by Type, 2015-2027 (USD Billion)
6. North America Military computers Market, by Platform, 2015-2027 (USD Billion)
7. Europe Military computers Market, by Type, 2015-2027 (USD Billion)
8. Europe Military computers Market, by Platform, 2015-2027 (USD Billion)
9. Asia Pacific Military computers Market, by Type, 2015-2027 (USD Billion)
10. Asia Pacific Military computers Market, by Platform, 2015-2027 (USD Billion)
11. Middle East & Africa Military computers Market, by Platform, 2015-2027 (USD Billion)
12. Middle East & Africa Military computers Market, by Type, 2015-2027 (USD Billion)
13. South America Military computers Market, by Type, 2015-2027 (USD Billion)
14. South America Military computers Market, by Platform, 2015-2027 (USD Billion)
15. Global Military computers Market, Company Market Share, 2020 - 2027 (%)
16. Cobham PLC: Product Benchmarking
17. Curtiss wright corporation: Product Benchmarking
18. Elibit systems Ltd.: Product Benchmarking
19. General dynamics corporation: Product Benchmarking

The Leading Key Players in Motor Monitoring Market

Banner Engineering Corporation
ABB Ltd.
National Instruments Corporation
SKF AB
Honeywell International Inc
General Electric Company
Emerson Electric Company
Rockwell Automation Inc
Schneider Electric SE
Mitsubishi Electric Corporation