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Equipment Monitoring Market: Growth, Opportunities, Key Players & Forecast Outlook 2027

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Market Research Future published a research report on Ultrasonic Sensor Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. The global ultrasonic sensor market is growing at a rapid pace, witnessing increasing industrial applications. Ultrasonic sensors find extensive applications in the automotive sectors globally. Increasing demand for efficient advanced driver assistance systems (ADAS), allowing drivers to move safely and conveniently, superbly substantiates the global ultrasonic sensor market share. Lately, ultrasonic sensors have started gaining huge market prominence accounting for governmental approaches towards automobile, driver, and passenger safety. Besides, rapid advances in sensing technologies, alongside the increasing adoption of ultrasonic sensing for devices monitoring social distancing, influence the growth of the market. Ultrasonic sensors allow accessibility and availability of a variety of automatic devices. Ultrasonic devices typically replace infrared (IR) sensing for precise range measurement, accurate positioning, presence detection, and collision avoidance. Therefore, ultrasonics is increasingly used to enhance precision in devices measuring the resolution and accuracy of the location. Additionally, growing uses of ultrasonics in distancing technologies, ultrasonic range-finding and tracking methods foster the market growth. Resultantly, the Ultrasonic Sensor Market is expected to garner exponential accruals and demand in the years to come. According to Market Research Future (MRFR), the global ultrasonic sensor market is poised to reach a valuation of USD 689.1 million by 2023, registering a 12.3% CAGR throughout the forecast period (2018-2023). Rising R&D investments by key market players accelerate the ultrasonic sensor market share. Additionally, the rising adoption of robotics in various sectors, including healthcare, logistics, manufacturing, and others, positively impacts market growth. The demand for ultrasonic sensors from medical sectors is increasing as these sensors help medical devices and instruments offer risk-free operations, substituting radiography solutions and piezoelectric sensors. Global Ultrasonic Sensor Market- Segments The ultrasonic sensor market report is segmented into product, application, and region. The product segment is sub-segmented into ultrasonic through-beam sensor, ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and others. The application segment is sub-segmented into anti-collision detection, distance measurement, liquid level measurement, object detection, and others. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world. Available Exclusive Sample Copy of this Report @ https://www.marketresearchfuture.com/sample_request/7493 Global Ultrasonic Sensor Market- Competitive Analysis Fiercely competitive, the ultrasonic sensor market appears fragmented, with several large and small forming a competitive landscape. These players adopt strategic approaches such as mergers & acquisitions, collaboration, expansion, and new product/technology launches to gain a substantial market share. The competitive nature of this market is expected to intensify further as more products enter the mass market. New product launches and improvements are inevitable in the wake of government regulations and increasing consumer demand for vehicle safety and advanced comfort features. Major Market Players Players leading the ultrasonic sensor market include Pepperl+Fuchs GmbH (Germany), Siemens AG (Germany), Honeywell International, Inc (US)., Rockwell Automation, Inc (US), Murata Manufacturing Co. Ltd (Japan), Robert Bosch GmbH (Germany), Endress+Hauser (Switzerland), Schneider Electric SE (France), Baumer Ltd (Italy), MaxBotix Inc (US), and Omron Corporation (Japan), among others. Browse Complete Report Details with Table of Content and Figures @ https://www.marketresearchfuture.com/reports/ultrasonic-sensor-market-7493 *If you have any special requirements, please let us know and we will offer you the report as you want. About Us: Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information. We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis. Contact Information: Media Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: [email protected]

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Equipment Monitoring Market
posted Sep 9 by Sneha Patil

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Market Research Future published a research report on “Electronic Filters  Market Research Report- Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Overview

In its research report, Market Research Future (MRFR), highlights that the global Electronic Filters Market  2020 is slated to grow exponentially over the review period, securing a substantial market valuation from USD 12.7 billion in 2018, to USD 18.9 billion, and a healthy CAGR over the review period.

Drivers and Restraints

In the last couple of years, the global market for electronic filters has seen eminent growth. These filters are commonly used in the telecommunications and electronics & semiconductor industries. Growing penetration of electronic goods and rising demand among consumers for connected devices are driving the growth of the electronics and semiconductor industries. Advanced technology such as artificial intelligence, 5 G, cloud computing, the internet of things, autonomous driving and augmented & virtual reality and their integration into electronic devices such as smartphones and audio-electronic products is slated to boost the growth of the Electronic Filters Market during the forecast period. Due to the rapidly changing technological environment and rising proliferation of smartphones and connected devices worldwide, the telecommunications industry is going through a gradual change. In addition, the growing penetration of LTE networks, especially in the developing world regions coupled with the advent of 5 G, are key factors driving the growth of the global telecommunications industry. The positive growth outlook of the global telecommunications industry as a result of rising network penetration and growing consumer demand for digital content drives demand for electronic filters.

Segmental Analysis

The global electronic filters market has been segmented based on application, type, and region.

Based on the type, the electronic filters market has been segmented into high pass filter, bandpass filter, low pass filter, band reject filter, and all-pass filter.

Based on the application, the electronic filters market has been segmented into radio communication, power supplies, audio electronics, and analog to digital conversion. The audio electronics segment accounted for the largest share in the global electronic filter market. due to booming media & entertainment industry, the scope of audio electronics is expanding which is further expected to fuel the adoption of electronic filters.

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Regional Analysis

The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.

Due to the growing adoption of LTE and VoLTE networks and the presence of a considerable number of electronic component producers in China, Japan, and South Korea, the Asia-Pacific market is expected to dominate the RF filter market over the forecast period. Due to substantial market share and rapid development in network infrastructure to deploy 5 G network services in the country, North America market is expected to expand at a faster pace during the forecast period. The US and Canada are slated to dominate the demand for electronic filters; in addition, Mexico's market is slated to expand at a steady pace over the forecast period. Due to the increasing adoption of the latest technologies in the healthcare and automotive sectors, Europe is expected to take third place in the electronic filters market during the forecast period.

Improvements in the global economic dynamics combined with technological advances in the emerging economies in India , China, South Africa , Brazil and Argentina are likely to fuel market growth, making it an ideal time for vendors to expand the market for electronic filters to untapped geographies and increase the market share.   

Competitive Analysis

The major market players operating in the global market as identified by MRFR are ST Microelectronics (Switzerland), Circutor (Spain), Schneider Electric (France), ABB AG (Switzerland), ARTECH Group (Spain), Anritsu (Japan), AVX Corporation (US), Block TransformatorenElektronik (Germany), Captor Corporation (US), Mini-Circuits (US), CD Automation UK (UK), DEM SpA (Italy), Cosel Europe (Germany), and Analog Devices Inc. (US), among others.

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Market Overview

 

In its research report, Market Research Future (MRFR), asserts that the global  market 2020 is slated to grow exponentially, securing a substantial market valuation of USD 39 billion by 2023, and a healthy 18% CAGR over the review period.

 

Drivers and Restraints

 

The factors that contribute to the growth of the market for Lighting Control Systems are the rising demand for energy-efficient products, technological advances, increased Internet of Things adoption, modernization and infrastructural development. In addition, increasing customer awareness and raising energy prices are expected to fuel the demand over the forecast period. Nevertheless, wireless communications may often be unstable, and ongoing maintenance is the factors that hamper the overall market growth. The high deployment of various smart lighting and energy management are the factors that are expected to fuel the growth of the demand for lighting control systems. Wireless technology growth for lighting control systems is expected to propel the wireless communication technologies market during the forecast period. Cyber security problems however hamper the overall market growth. The highest market share was in the Hardware Component segment. Growing global investments in works related to infrastructure upgrades, mainly in residential and commercial buildings, is a driving force in market dominance for new installations. The rising government funding towards smart cities is also expected to motivate key companies to invent new lighting control system modules that match the changing trends and needs across the globe. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain control in the market.

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Segmental Analysis


 

segmentation by component comprises hardware- switches, sensors, dimmers, LED drivers, others, software- cloud based, web based services professional services, maintenance services, managed services and others. LED drivers and ballast components held a major share of the market for hardware components. Increasing demand for energy-saving lighting systems is a key driving factor for the market.


 

segmentation by technology comprises bluetooth, wi-fi, plc, POE, zigbee, others.

segmentation by application comprises residential, commercial, industrial, highways, roadways, railways, others.


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Regional Analysis


The geographical analysis of the global market has been analyzed in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world. Asia-Pacific accounted for the largest market share mainly due to enhanced infrastructure building activities in countries like India and China, infrastructure modernization and increased demand for digitization. North America, however, is also expected to rise at a rapid pace due largely to high adoption of new technological technologies, increased demand for smart homes and increased demand for energy-efficient goods. Factors such as the ever-growing population, increasing per capita income and large regional expansions have indirectly contributed to the growth of the Asian countries' lighting control systems industry.


Competitive Analysis

The major market players operating in the global market as acknowledged by MRFR are Legrand S.A. (France), Lutron Electronics Co. Inc. (US), Philips Lighting N.V. (Netherlands), Eaton Corporation (Ireland), Leviton Manufacturing Company, Inc. (US), Acuity Brands Inc. (US), OSRAM Licht AG (Germany) and Cree, Inc. (US), General Electric Company (GE) (US), and` among others.


The Lighting Control System Market continues to be highly competitive. To retain its market place and drive business growth, a competitive environment is created by rising diverse and diversified foreign organizations, domestic organizations and new entrants. Market leaders are constantly innovating and increasingly pursuing market growth through numerous strategic mergers and acquisitions, innovation, increased research and development investments, and cost-effective product portfolio. Significant players invest in internal R&D, and most of all in the acquisition of other businesses.

TABLE OF CONTENTS

 

1 MARKET INTRODUCTION

 

1.1 INTRODUCTION

 

1.2 SCOPE OF STUDY

 

1.2.1 RESEARCH OBJECTIVE

 

1.2.2 ASSUMPTIONS

 

1.2.3 LIMITATIONS

 

1.3 MARKET STRUCTURE

 

2 RESEARCH METHODOLOGY

 

2.1 RESEARCH NETWORK COMPONENT

 

2.2 PRIMARY RESEARCH

 

2.3 SECONDARY RESEARCH

 

2.4 FORECAST MODEL

 

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

 

2.4.2 MARKET SIZE ESTIMATION

 

3 MARKET DYNAMICS

 

3.1 INTRODUCTION

 

3.2 MARKET DRIVERS

 

3.3 MARKET CHALLENGES

 

3.4 MARKET OPPORTUNITIES

 

3.5 MARKET RESTRAINTS

 

4 EXECUTIVE SUMMARY

About Market Research Future:

 

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

Our Forte 

 

  • Strong industry focus
  • Robust methodology
  • Tailor-made solutions
  • Disruptive research
  • Cutting-edge detailed reports
  • Competitive pricing
  • Domain expert researchers
  • Timely delivery
  • Ground-breaking approach
  • Advanced and transparent research methodology
  • Cover latest trends and innovations 
  •  

 

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July, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on “Global Terminal Management System Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Terminal Management System (TMS) a combination of hardware & software elements helps to carry out all data management task which is required to perform while loading terminal. It uses a single web-based portal to manage all operational and commercial activity at a terminal helping operators to efficiently plan and execute loading operations, manage book and physical inventory, charging for services and provide billing activity to the customer.

A TMS is quite helpful in Brownfield projects where modification and up-gradation of systems becomes integral. With the increasingly evolving technologies, Brownfield projects are increasing too which defines the growing market landscape of TMSs.

Terminal Management System (TMS) a combination of hardware & software elements helps to carry out all data management task which is required to perform while loading terminal. It uses a single web-based portal to manage all operational and commercial activity at a terminal helping operators to efficiently plan and execute loading operations, manage book and physical inventory, charging for services and provide billing activity to the customer. 

A TMS is quite helpful in Brownfield projects where modification and up-gradation of systems becomes integral. With the increasingly evolving technologies, Brownfield projects are increasing too which defines the growing market landscape of TMSs.

According to a recently published report by Market Research Future, The global market of Terminal Management System is booming and expected to gain prominence over the forecast period. The global Terminal Management System Market is anticipated to accrete to USD 2 Bn. by 2023, at a striking CAGR of 13 % during the forecast period 2017-2023.

The interactive Terminal management system market is undergoing a significant change, as some of the burgeoning sectors such as oil and gas go through the digital transformation, embracing and leveraging of a wide variety of new terminal types and forms that do not lend themselves to relational representation, and as they move to the cloud. 

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Growing application areas and high adoption of cloud computing are playing a vital role in the growth of TMS market.  With the growing size of the digital content worldwide, the need for Terminal centers and cloud computing is expected to rise subsequently.

Additional factors substantiating the market growth include the growing implementation of terminal management solutions in brownfield projects, low operational cost, increasing awareness about the security solutions and about the installing automation solutions.

On the other hand, factors such as technical complexity and incompetence are bottlenecking the market growth. Also, the high cost of hardware and software and staff training are expected to pose as a challenge to the market growth of Terminal management system market.

Global Terminal Management System Market   - Segments

The report is segmented into four key dynamics for an easy grasp and enhanced understanding.

By Components        : Hardware, Software

By Project Types : Greenfield and Brownfield

By Vertical           : Oil & Gas, Chemicals and others.

By Regions           :  North America, Europe, APAC and Rest-of-the-World.

Global Terminal Management System Market   Regional Analysis

North America is dominating the market of Terminal management system due to the presence of global players which provide a competitive advantage to the U.S. and Canada. Growing IT industry and high deployment of cloud computing by middle and large enterprises are some of the major factors which is driving the market of Terminal management system in North America.

Also, factors such as the augmented demand for new technological solutions, increasing number of Brownfield projects, increasing consumer awareness for security solutions and increasing competition among developers in the region, are substantiating the market growth.

Europe is showing steady growth in the market of the Terminal management system. High growth of financial and healthcare sector is leading to the high adoption of on-premises and on-cloud Terminal infrastructure.

The Asia Pacific is emerging as one of the most lucrative markets for the Terminal management system, mushrooming rapidly. Growing manufacturing and BFSI sector in China and India is one of the key driving forces accounting for the market growth in the region. Also, players located in China and Japan is investing heavily in the development of efficient management systems which in turn, is substantiating the market growth in APAC.

Attributing to the increasing need for operational efficiency and the integrated safety along with the better security solutions, the APAC market will demonstrate a galvanizing growth, witnessing enhancement in the terminal automation.

Terminal Management System Global Market   - Competitive Analysis

Characterized by the presence of several major well-established players, the global Market of   Terminal Management System appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage over the other market players and thus to maintain their positions in the market.

Strategic partnerships are expected to help key players to grow and expand during the forecast period. Market players compete based on pricing, technology, reputation, and services. These players strive to provide a combined open source and industry-leading solutions irrespective of the deployment of the data; on- cloud, on-premises, or at the edge.

Key Players:

ABB Ltd. (Switzerland), Honeywell International, Inc. (US), Siemens AG (Germany), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), Schneider Electric (France), Emerson Electric Corporation (US), Implico GmbH (Germany), Endress+Hauser Management AG (Switzerland), and General Atomics Corp. (California) are some of the leaders in the Global Terminal Management System Market and are profiled in MRFR Analysis.

Industry/Innovation/Related News:

June 28, 2018 – Hughes Network Systems, LLC (US) announced its collaboration with Pasifik Satelit Nusantara (PSN), an Indonesian internet service provider, to provide the Jupiter System for broadband services over the PSN VI High Throughput Satellite (HTS). The comprehensive Hughes solution includes HG240 Gateways, a variety of remote terminals, and a central network management system, enabling PSN to deliver satellite broadband services to consumers and businesses across Indonesia.

April 17, 2018 – Emerson (US), a multinational software company launched the next-generation terminal management software which can help operators streamline operations and manage their terminals more efficiently.

With this TMS launch, Emerson has demonstrated its extent to offer new ways for its customers to improve the efficiency of their operations, not just for loading and unloading operations but the terminal business management process as well.

Access Report @ https://www.marketresearchfuture.com/reports/terminal-management-system-market-3132

 

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

Our Forte 

 

  • Strong industry focus
  • Robust methodology
  • Tailor-made solutions
  • Disruptive research
  • Cutting-edge detailed reports
  • Competitive pricing
  • Domain expert researchers
  • Timely delivery
  • Ground-breaking approach
  • Advanced and transparent research methodology
  • Cover latest trends and innovations 

 

 

 

 

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The glaring scarcity of water globally is pushing users to find new ways to adopt better methods for water usage and consumption. Market reports linked to the semiconductors and electronics industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The Smart Irrigation Market is set to attain revenues worth USD 1561 Million by 2022 while developing at 17% CAGR in the forecast period.

Smart Irrigation practices have emerged as a practical alternative to the water challenges being faced globally. Moreover, smart irrigation is also found to beneficial to the water requirements of plants in agriculture and gardening especially.  Many users of smart irrigation practices endorse the savings that are achieved in terms of water usage and labor as well, which is a key motivator for the market’s growth. The growing awareness of product types of the market will spur the progress of the market extensively in the forecast period.

 

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Segmental Analysis

The segmentation of the smart irrigation market is carried out on the basis of component, type, application, and region. By component, the smart irrigation market is segmented into water/flow meter, smart detection system/network elements and sensors. On the basis of type, the market is segmented into soil moisture-based irrigation systems and weather-based (et) irrigation systems. The application basis of segmentation of the smart irrigation market consists of non-agriculture and agriculture. The market covers regions such as the Asia Pacific, the Americas, Europe and Rest of the World.

Detailed Regional Analysis

The smart irrigation market includes regions such as the Asia Pacific, Americas, Europe and Rest of the World in its regional analysis. The North America region is anticipated to control in the market in the forecast period due to the growing worry surrounding water conservation and the need to curtail the wastage of resources by the governments in the North American region. The government initiatives towards smart irrigation in North America region is motivating the smart irrigation market in this region. The Asia Pacific countries like Japan, China, India, and Korea are anticipated to show a rapid spike in demand for smart irrigation. The Asia Pacific region is anticipated to progress as the most rapidly rising region in the smart irrigation market.

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Competitive Analysis

The leadership inclinations in the market are strengthening the level of development that can be achieved in the existing market scenario.  The changes seen in terms of strategy execution and creation are altering the expansion pace of the market. The plan formulation process in the market has become extensively easier in which deviations are well accounted for; this approach raises the comprehensive success of these plans in the market. The evolution patterns are revised in tandem to the customer likings to realize the highest growth, and in the long run, viability. The framework for growth tactics also has stimulated the market for possible new entrants. The market is also well fortified to meet the challenges and keep up with the active growth trends effectively. The market contenders are making considerable adjustments to minimize the incidence of competitive shortcomings.

The influential companies in the smart irrigation market are Rain Bird Corporation (U.S.), Libelium (Spain), HydroPoint (U.S.), The Toro Company (U.S.), AquaSpy (U.S.), Aquacell Systems (Australia), Baseline Inc. (U.S.), Hortau (U.S.), Hunter Industries (U.S.), among others.

Industry Updates:

Feb 2018 Rain Bird is including another model to the LFX line-up. The new LFX600 offers an advanced maximum flow rate and a wider throw radius to cover an even broader range of irrigation applications. The sprinklers are ideal for low volume applications in under-tree or overhead configurations, including orchard and field irrigation, environmental control, crop cooling, and dust control.

Sep 2018 Rachio has revealed its first smart sprinkler controller with HomeKit integration. After an easy set up process, users can control their sprinkler through the Home app or using their voice with Siri. iPhones or even HomePods can easily be commanded to turn on your sprinklers, view watering zones and status, enable or disable watering among other features.

TABLE OF CONTENTS

1 Executive Summary

 

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

 

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

 

About Market Research Future:

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.

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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. 

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. 

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Segmentation

Equipment monitoring market is segmented based on monitoring type, deployment type, end-user, and region.

By monitoring type, the market is segregated into vibration monitoring, thermal monitoring, lubrication monitoring, corrosion monitoring, motor current monitoring, noise & alarm monitoring, and GPS monitoring.

On the basis of deployment type, the market is segmented on-premise and cloud.

By end-user, the market is segmented into oil & gas, power, automotive, aerospace & defense, metals & mining, food & beverages, chemicals, and others.

By region, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.

Regional Analysis

The global market for equipment monitoring market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of equipment monitoring market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the equipment market from 2018 to 2023, however, Asia-Pacific is estimated to register the highest CAGR during the forecast period.  North America has a sustainable and well-established economy with strong infrastructure network, and it is among the early adopters of advanced technologies. Furthermore, the presence of the leading manufacturers in the region and continuous developments of cloud computing technology across various end-use verticals further drive the equipment monitoring market in these regions. The key players present in the North America equipment monitoring market are General Electric Company, Emerson Electric Co., Honeywell International Inc., National Instruments Corporation, Rockwell Automation Inc., FLIR Systems, and Fluke Corporation.

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*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: [email protected]

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