Jan 15, 2018   SOURCE: BusinessWire

Global Wireless Motor Monitoring System Market 2018-2022 - Increasing Need for Predictive Maintenance is Driving the Market - Research and Markets

The "Global Wireless Motor Monitoring System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The analysts forecast the global wireless motor monitoring system market to grow at a CAGR of 6.38% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the global wireless motor monitoring system market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

One trend in the market is the 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.

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 a 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.

The global wireless motor monitoring system market is a contributing segment of the global machine condition monitoring market. From a top-down perspective, research shows the global machine condition monitoring market as a parent market to set the context in which the global wireless motor monitoring system market will be analyzed. The growing need across industries for timely servicing of equipment to reduce damages and enhance the safety of personnel in plants will drive the growth of the global machine condition monitoring market during the forecast period.

Key Vendors:

  • ABB
  • Eaton
  • Emerson Electric
  • Rockwell Automation
  • Schneider Electric
  • Siemens

Other Prominent Vendors:

  • 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
  • Texas Instruments

For more information about this report visit https://www.researchandmarkets.com/research/mfxxs6/global_wireless?w=4