The global motor monitoring market is anticipated to grow at a CAGR of 7.6% during the forecast period. Predictive maintenance is a strategy for predicting when the equipment will break and replacing the component before it fails. This aids in the reduction of downtime and the extension of component life. The demand for motor monitoring is increasing as industries are adopting motor monitoring to protect their motors from failure. To cater to the demand the key players are providing motor motoring services to industries. For instance, in July 2020, ABB Group entered into a service agreement with Denka, a Japanese chemical giant. Under the agreement, the ABB Ability Smart Sensors are installed across three plants of Denka in Singapore.
Browse the full report description of “Motor Monitoring Market Size, Share & Trends Analysis Report by Offerings (Hardware, and Software and Services), by Deployment (Cloud-Based and On-Premises), and by End-Users (Automotive, Oil and Gas, Power Generation, Metal and Mining, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/motor-monitoring-market
ABB manages equipment failure risk and conducts or advises on preventive maintenance and repairs using a reliability index and urgency level. If a motor develops a fault, it is repaired at an ABB workshop. If repair is not an option, ABB will replace the motor. ABB provides continuous monitoring of the operating and health parameters of process-critical motors, pumps, and bearings, to keep production running 24/7. The sensors gather data and bring new insight into the operating performance of the assets. The Smart Sensors can detect a higher-than-normal vibration in a motor on a feed roller. ABB’s engineers, who monitor the motors, alerted the Denka maintenance team in this way predictive maintenance can protect the motor from failure.
As part of the service agreement, Denka is embracing ABB’s newest Smart Sensor for hazardous areas. The new high-performance sensor carries ATEX, IECEx, and NEC 500 certifications and features an extended battery life and a robust sealed-for-life design. It has an IP66/67 rating and can withstand high levels of vibration, corrosion, and physical impact.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Offerings
o By Deployment
o By End-Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including ABB Group, ALS Ltd., Eaton Corp., Emerson Electric Co., General Electric Co., Honeywell International, Inc., KCF Technologies, Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Motor Monitoring Market Report Segment
By Offerings
By Deployment
By End-Users
Global Motor Monitoring Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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