Machine Condition Monitoring Sensors Market: Key Findings
- Machine condition monitoring sensors market value to grow by USD 334.41 million at over 4% CAGR during 2020-2024
- Based on the end-user, the oil and gas segment will offer maximum opportunities for vendors during the forecast period
- Based on the geography, APAC dominated the market with a 32% share in 2019
- The machine condition monitoring sensors market is expected to have a negative impact due to the spread of COVID-19
Machine Condition Monitoring Sensors Market: Growth Drivers
The rise in demand for wireless vibration sensors is one of the prime factors driving the growth of the market. End-users in the market are exhibiting high demand for wireless vibration sensors owing to their cost-effectiveness as they eliminate the need for laying cables and wires. They are also capable of operating in remote and hazardous environments. This improves productivity and ensures the safety of both humans and machines. Many such benefits are driving the demand for wireless vibration sensors, which, in turn, is driving the growth of the market.
"Surging deployment of sensors in aging infrastructure and rising adoption of machine condition monitoring systems in APAC will further boost market growth during the forecast period", says a senior analyst at Technavio.
Develop Smart Strategies for Your Business: Get a Free Sample Report Now!
Machine Condition Monitoring Sensors Market: Major Vendors
AB SKF: The company offers products such as CMSS 2100, CMSS 2100T, and other machine condition monitoring sensors.
Connection Technology Center Inc.: The company offers temperature sensors, hazardous area sensors and barries, low-velocity sensors, and other products.
Emerson Electric Co.: The company offers products such as AMS 9420 Wireless Vibration Transmitter, A0322RM, A0394DI, and others.
Honeywell International Inc.: The company offers products for temperature loss, fluid flow, temperature rise, and other applications.
ifm electronic GmbH: The company offers a wide range of machine condition monitoring sensors such as systems for vibration monitoring and others.
Related Reports on Industrials Include:
Global Industrial Vibration Sensor Market – Global industrial vibration sensor market is segmented by product (displacement sensor, acceleration sensor, and velocity sensor), end-user (process industries and discrete industries), and geography (APAC, Europe, North America, MEA, and South America).
Receive an Exclusive Free Sample Report
Global Medium Voltage Motors Market – Global medium voltage motors market is segmented by product (AC motors and DC motors), end-user (process industries, discrete industries, and HVAC), and geography (APAC, North America, Europe, MEA, and South America).
Receive an Exclusive Free Sample Report
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 17,000 reports and counting, covering 800 technologies, spanning across 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report: www.technavio.com/report/machine-condition-monitoring-sensors-market-industry-analysis
SOURCE Technavio
"condition" - Google News
April 08, 2021 at 08:10AM
https://ift.tt/2Q3Tnk7
$ 334.41 Million Growth Expected in Machine Condition Monitoring Sensors Market- Featuring Key Vendors Including AB SKF, Connection Technology Center Inc., and Emerson Electric Co. | Technavio - PRNewswire
"condition" - Google News
https://ift.tt/2W6ON50
https://ift.tt/2L1ho5r
Bagikan Berita Ini
0 Response to "$ 334.41 Million Growth Expected in Machine Condition Monitoring Sensors Market- Featuring Key Vendors Including AB SKF, Connection Technology Center Inc., and Emerson Electric Co. | Technavio - PRNewswire"
Post a Comment