Market Updates Wireless Motor Monitoring System Market - Industry | Page 2

signature, vibration analysis, ultrasound, and oil examination help assess machinery health and expect upcoming
failures using condition-based monitoring.
Wireless motor monitoring system market could be explored by product type, wireless protocol, end user, and
geography. Market by product type could span dual analog sensors, vibration sensors, and power sensors. The
“Vibration Sensors” segment led the market in 2017 and will continue to lead in the forecast period. The key factors
that attributed to the growth of market include increasing acceptance of motors in industries, increased usage of
vibration sensors to measure the vibration based on displacement, velocity, and acceleration in motors.
Based on wireless protocol, the market could span wireless HART, wireless LAN, ZigBee, WiMAX, and Bluetooth. The
market could be explored based on end user as automotive, food and beverage, oil and gas, water and wastewater,
and others. The “Oil and Gas” segment led the market in 2017 and will continue to lead in the forecast period. The key
factors attributed to the growth of market include advantages such as easier installation in numerous terrains and
lower retrofit costs.
North America accounted for the major share of the wireless motor monitoring system industry in 2017 and will
continue to lead in the forecast period. The factors that could be attributed to the growth include increasing usage of
wireless motor monitoring systems in the water and waste water, oil and gas, and power industries, and technological
innovations.
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Some of the key players that fuel the growth of the wireless motor monitoring system market comprise Eaton, ABB,
Rockwell Automation, Emerson Electric, Siemens and Schneider Electric, Banner Engineering, Advantech, Dynapar,
Honeywell International, Nidec, General Electric, KCF Technologies, Monnit, Littelfuse, National Instruments, PCB
Piezotronics, NXP Semiconductors, Pet sense, RF Micron, Plexus Controls, SKF, Texas Instruments and Soft bit
Technologies. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, revenue (million USD), market
share and growth rate of Wireless Motor Monitoring System in these regions, from 2013 to 2025 (forecast), covering
• United States
• EU
• China