Global Motor Monitoring
Market Report
2025
The global motor monitoring market size will be USD 2.7 billion in 2024. The motor monitoring market will show the strongest growth with CAGR of 8.3% from 2024 to 2031. The market for motor monitoring is expanding as a result of predictive maintenance techniques being adopted more frequently thanks to developments in IoT and data analytics.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global motor monitoring market size will be USD 2.7 billion in 2024 and will expand at CAGR of 8.3% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Motor Monitoring Market Sales Revenue | $ 2.7 Billion | 121212 | 121212 | 121212 | 8.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Offering |
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Market Split by Deployment |
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Market Split by End-Users |
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Market Split by My Monitoring |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Motor Monitoring industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Motor Monitoring Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Motor monitoring is the process of analyzing any flaws or problems in the operation of motor machinery by means of sensors, detectors, and other hardware elements that are controlled by software algorithms. Motor condition monitoring systems are deployed in industrial verticals like energy and electricity, oil and gas, aerospace and defense, and automotive, among others, to ensure effective motor operations. There are two parts to the system: software and hardware. After installation, a motor condition monitoring system offers the user a number of benefits, including energy cost savings, asset longevity and health preservation, and reduced maintenance. By reaching a wider audience, you may improve your maintenance procedures, eliminate unscheduled outages, minimize downtime, reduce defects, and make better asset management decisions.
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After completing joint research and development with Asahi Kasei Engineering in May 2023, Mitsui O.S.K. Lines, Ltd. (MOL) successfully launched V-MO, a monitoring service intended for marine engines. Vibration sensors are used by V-MO to proactively detect irregularities in motor performance, pinpoint the underlying causes of these problems, and keep an ongoing eye on the state of motors installed on vessels. (Source: https://www.asahi-kasei.com/news/2023/e230524.html)
Top Companies Market Share in Motor Monitoring Industry: (In no particular order of Rank)
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The highest revenue portion was attributed to North America. This is because of the power of big players in the area, the increase in EV demand, improved cloud computing security features, increased security measures for cloud users, and the quick development of sophisticated infrastructure networks. In 2020, North American utilities invested around USD 246 billion in oil and gas production and USD 85 billion in power generation facilities, according to the International Energy Agency's World Energy Investment 2021 report.
In the current context, industrial growth has been occurring quicker in Asia-Pacific. Because automated electronic systems in driving equipment are becoming more and more common, the key industries in the region—engineering, chemistry, mineral and petroleum, and others—find use for motor monitoring devices. In recent times, electronics have developed and advanced throughout Asia-Pacific. Additionally, the market demand for IoT-based motor condition monitoring devices has expanded as a result of the spread of AI and IoT in the region's industrialized and developing nations. The development of electric vehicles is occurring at the moment, which is profitable and presents prospects for the motor monitoring industry.
The current report Scope analyzes Motor Monitoring Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Motor Monitoring Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Motor Monitoring Industry growth. Motor Monitoring market has been segmented with the help of its Offering, Deployment End-Users, and others. Motor Monitoring market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The hardware, which comprises sensors, spectrometers, ultrasonic detectors, spectrum analyzers, and other components, is an essential component of motor condition monitoring equipment. The structural advancements in hardware improve its interoperability with various software programs, driving up market demand. Advancements in high-tech sensors and detectors also impact the business. The makers' compact design makes it simple for the user to set up the gadget in the given space.
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Market segmentation by Deployment is another crucial element in understanding the dynamics of the Motor Monitoring industry. Applications refer to the specific uses or end-user industries that drive demand for the Motor Monitoring products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting Motor Monitoring-related solutions most effectively, and where new opportunities are emerging.
Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
Some of the key Deployment of Motor Monitoring are:
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Motor Monitoring Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Motor Monitoring Market and is projected to experience significant growth in the near future.
The On-Premise segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABB (Switzerland) , Siemens (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Offering | Hardware, Software, Services |
Deployment | On-Premise, Cloud |
End-Users | Metals and Mining, Oil and Gas, Power Generation, Water and Wastewater, Food and Beverages, Chemicals, Automotive, Aerospace and Defense, Others |
My Monitoring | Online, Offline/Portable |
List of Competitors | ABB (Switzerland), General Electric (US), Siemens (Germany), Honeywell (US), Schneider Electric (France), Banner Engineering (US), Wilson Transformers (US), SKF (Sweden), Emerson (US), Rockwell Automation (US), Qualitrol (US), WEG (Brazil)., Mitsubishi Electrical Corporation (Japan), Eaton (Ireland), Advantech (Taiwan) |
This chapter will help you gain GLOBAL Market Analysis of Motor Monitoring. Further deep in this chapter, you will be able to review Global Motor Monitoring Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Motor Monitoring. Further deep in this chapter, you will be able to review North America Motor Monitoring Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Motor Monitoring. Further deep in this chapter, you will be able to review Europe Motor Monitoring Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Motor Monitoring. Further deep in this chapter, you will be able to review Asia Pacific Motor Monitoring Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Motor Monitoring. Further deep in this chapter, you will be able to review South America Motor Monitoring Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Motor Monitoring. Further deep in this chapter, you will be able to review Middle East Motor Monitoring Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Motor Monitoring. Further deep in this chapter, you will be able to review Middle East Motor Monitoring Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Motor Monitoring. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Offering Analysis 2019 -2031, will provide market size split by Offering. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Offering Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Deployment Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-Users Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by My Monitoring Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Motor Monitoring market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Hardware have a significant impact on Motor Monitoring market? |
What are the key factors affecting the Hardware and Software of Motor Monitoring Market? |
What is the CAGR/Growth Rate of On-Premise during the forecast period? |
By type, which segment accounted for largest share of the global Motor Monitoring Market? |
Which region is expected to dominate the global Motor Monitoring Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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