Equipment Monitoring Market Growth Set to Surge Significantly during 2020 – 2027

 Market Research Future published a research report on Equipment Monitoring Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Analysis 

The global equipment monitoring market size is predicted to touch USD 4.35 billion at a 6.53% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. GPS monitoring, noise and alarm monitoring, motor current monitoring, corrosion monitoring, lubrication monitoring, thermal monitoring, and vibration monitoring are the different types of equipment monitoring. Owing to its excellent features and various benefits, it has wide applications in different end use industries such as chemicals, food and beverages, metals and mining, aerospace and defense, automotive, power, oil and gas, and others.

Various factors are propelling the global Equipment Monitoring Market share. According to the recent MRRF report, such factors include the constant advances in wireless technology, increasing adaptability of equipment monitoring in different industries including manufacturing and automotive, rising awareness amid organizations for monitoring techniques, the advent of latest technologies, advances in wireless technology, and increasing use of IoT based cost-effective equipment monitoring systems. 

On the contrary, incalculable maintenance, lack of expert operators to analyse data, and the ongoing COVID-19 impact are factors that may impede the global equipment monitoring industry growth over the forecast period. 

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global Equipment Monitoring Market based on monitoring type, deployment type, and end user. 

By monitoring type, the global equipment monitoring market is segmented into GPS monitoring, noise and alarm monitoring, motor current monitoring, corrosion monitoring, lubrication monitoring, thermal monitoring, and vibration monitoring. Of these, the vibration monitoring segment will lead the market over the forecast period. Higher fault detection capabilities and reduction in the price of wireless systems & vibration sensors are adding to the growth of the segment. 

By deployment type, the global equipment monitoring market is segmented into cloud and on-premise. Of these, the on-premise segment will dominate the market over the forecast period. Increased lead time for resolving faults and hassle-free collection of data in real-time are adding to the growth of the segment. 

By end user, the global equipment monitoring market is segmented into chemicals, food and beverages, metals and mining, aerospace and defense, automotive, power, oil and gas, & others. Among these, the oil & gas segment will hold a major share in the market over the forecast period for the increasing use of equipment monitoring solutions by the oil and gas industry to monitor tanks and pipes in oil refineries and for gathering real-time data. 

Available Exclusive Sample Copy of this Report @ https://www.marketresearchfuture.com/sample_request/7477

Regional Analysis

Based on the region, the global equipment monitoring market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. The presence of a well-established and sustainable economy, strong infrastructure network, presence of top manufacturers, & constant developments of cloud computing technology in different end use verticals are adding to the global equipment monitoring market growth in the region. 

Key Players 

Key contenders profiled in the global equipment monitoring market report include Fluke Corporation (US), Brüel & Kjaer Vibro GmbH (Germany), FLIR Systems (US), Meggitt PLC (UK), Rockwell Automation Inc. (US), National Instruments Corporation (US), Honeywell International Inc. (US), Schneider Electric SE (France), Schneider Electric SE (France), Emerson Electric Co. (US), and General Electric Company (US), among others. Industry players have encompassed several strategies to stay ahead in the competition and also cater to the surging needs of the consumers. Some of these strategies include yet are not limited to acquisitions and mergers, joint ventures and collaborations, partnerships, extensive research and development activities, contracts, strategic alliances, new product launches, new product development, geographic expansions, and many others. 

Browse Complete Report Details with Table of Content and Figures @ https://www.marketresearchfuture.com/reports/equipment-monitoring-market-7477

*If you have any special requirements, please let us know and we will offer you the report as you want.

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Information:

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

3D Printing Market Report with statistics, Growth, Opportunities, Sales, Trends service, applications and forecast 2027

  Market Research Future published a research report on “3D Printing Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Global 3D Printing Market   - Overview 3D printing refers to any manufacturing process which additively builds or forms 3D parts in layers from CAD data. The technology is significant because it offers direct manufacturing, which means a design goes directly from user to physical product through a computer and a printer. 3D printing encompasses a wide range of additive manufacturing technologies. Each of these builds objects in successive layers that are typically about 0.1 mm thin. The methods used vary significantly, but all starts with computer aided design (CAD) model or a digital scan. This is then processed by slicing software that divides the object into thin cross sections that are printed out one on top of the other. 3D Printing  has largely been used by product designers a...
Read more

Magnetoresistance Sensor Share, Growth Factors, Comprehensive Research, Analysis by Leading Companies and Forecast 2020-2030

Image
  Magnetoresistance Sensor Market Highlights The Global Magnetoresistance Sensor Market is expected to grow from USD 2,021.9 million in 2018 to USD 3,149.5 Million by 2024, at a CAGR of 7.7% during the forecast period. The various advantages of magnetoresistance sensor including its affordability, temperature stability, and robustness, is increasingly leading to its deployment in various sectors such as consumer electronics, automotive, aerospace & defense, and biotechnology. These sensors were earlier used in magnetic hard disk drives. However, these find important applications in  consumer electronics and automotive sectors for sensing current, position, speed, and angle along with the earth’s magnetic field in compass applications. Get a FREE Sample PDF@     https://www.marketresearchfuture.com/sample_request/8045 Magnetoresistance Sensor Market Key Players The major players dominating the magnetoresistance sensor Market are AMS (Austria), Murata (Japan),...
Read more

Fluorescent Lighting Market Technologies, Trends, Global Projections, Analysis, Segmentation and Forecast to 2027.

  Market Research Future published a research report on Fluorescent Lighting Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Fluorescent lighting applications are gas-based lights produced by the interaction between mercury vapor and gases. Their efficiency, long lifespan, and low expenditure of energy are advantages of fluorescent lighting that have led to their application in malls, hospitals, schools, grocery stores, and homes. The global fluorescent lighting market report by Market Research Future (MRFR) defines solid-state and fluorescent lighting by type, installation, and application for comprehensive understanding of the industry. It covers drivers, restraints, opportunities, and trends for the period of 2019 to 2025 (forecast period) while keeping in mind of the COVID-19 outbreak for resizing projections on revenue and growth. Market Scope The global  Fluorescent Lighting Market  value is...
Read more