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Top 3 Drivers for the Global Wireless Motor Monitoring System Market | TechnavioTechnavio market research analysts forecast the global wireless motor monitoring system market 2018-2022 to grow at a CAGR of more than 6% during the forecast period, according to their latest report. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180122006178/en/ 
Technavio has published a new market research report on the global wireless motor monitoring system market 2018-2022 under their industrial automation library. (Graphic: Business Wire) This market research report segments the global wireless motor monitoring system market into different segments by wireless products (wireless LAN, wireless HART, WiMAX, ZigBee (News - Alert), and Bluetooth), by products (vibration sensors, power sensors, and dual analog sensors), by end-user (oil and gas, automotive, water and wastewater, and food and beverage), and by regions (the Americas, APAC, and EMEA) Inquire about this report: View market snapshot before purchasing Register for a My Technavio account and get 10% off your first purchase! View all Technavio's current offers In this report, Technavio analysts highlight the following three market drivers that are contributing to the growth of the global wireless motor monitoring system market:
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 the plant. 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. According to a senior analyst at Technavio for automation, "Predictive analytics is gaining importance among industries because of its competence of speculating future events and requirements with historical and currently available data. A wireless motor monitoring system uses predictive analytics to stimulate preventive maintenance of motors in end-user industries." Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more. Global wireless motor monitoring system market segmentation Of the three major product segments, the global wireless motor monitoring system market by vibration sensors held the largest market share in 2017, accounting for nearly 44% of the market. The market share for vibration sensors is expected to increase during the forecast period, considering the rising adoption of motors in industries. The Americas was the leading region for the global wireless motor monitoring system market in 2017, accounting for a market share of more than 58%. The Americas has a higher market share compared with other regional markets as it was the early adopter of wireless monitoring systems. Personalize this report according to your needs: Request a customization Technavio's analysts and industry experts will work directly with you to understand your requirements. We offer USD 1,000 worth of FREE customization at the time of purchase. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20180122006178/en/ |
