Wireless Motor Monitoring System Industry Wireless Motor Monitoring System Industry | Page 2

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.
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.
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