Global Motor Monitoring System Market Growth (Status and Outlook) 2023-2029

Electrical motors can be found everywhere and their crucial role is to power various equipment in industrial plants. They are supposed to work continually and any interruption in their work can cause serious problems. For instance in chemical and process industries there are huge revenue losses if motor driven cooling pumps stop working properly. Statistics show that motors like other rotating machines suffer from serious faults that can be timely predicted with a monitoring system. The Motor Monitoring System is designed specifically for condition monitoring applications. This report studies the hardware which include many sensors and software and services.

LPI (LP Information)' newest research report, the “Motor Monitoring System Industry Forecast” looks at past sales and reviews total world Motor Monitoring System sales in 2022, providing a comprehensive analysis by region and market sector of projected Motor Monitoring System sales for 2023 through 2029. With Motor Monitoring System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Motor Monitoring System industry.

This Insight Report provides a comprehensive analysis of the global Motor Monitoring System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Motor Monitoring System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Motor Monitoring System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Motor Monitoring System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Motor Monitoring System.

The global Motor Monitoring System market size is projected to grow from US$ 1910.4 million in 2022 to US$ 3037.1 million in 2029; it is expected to grow at a CAGR of 6.8% from 2023 to 2029.

The major producers in this industry are ABB, Schneider Electric and Siemens, whose 2019 revenue accounts for 7.58%, 6.64% and 6.16% respectively. By region, North America had the highest share of income in 2019, at 34.93%.

This report presents a comprehensive overview, market shares, and growth opportunities of Motor Monitoring System market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Hardware
    Software and Services

Segmentation by application
    Metals and Mining
    Oil and Gas
    Power Generation
    Water and Wastewater
    Food and Beverages
    Chemicals and Pharmaceutical
    Automotive
    Aerospace and Defense
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    ABB
    Schneider Electric
    Siemens
    Emerson
    Honeywell
    Rockwell Automation
    Mitsubishi Electric
    Bently Nevada (Baker Hughes)
    Qualitrol
    Eaton
    National Instruments
    Dynapar
    Megger
    Phoenix Contact
    Koncar
    KCF Technologies
    Advantech
    Banner Engineering

List of Tables
    Table 1. Motor Monitoring System Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of Hardware
    Table 3. Major Players of Software and Services
    Table 4. Motor Monitoring System Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 5. Global Motor Monitoring System Market Size by Type (2018-2023) & ($ Millions)
    Table 6. Global Motor Monitoring System Market Size Market Share by Type (2018-2023)
    Table 7. Motor Monitoring System Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 8. Global Motor Monitoring System Market Size by Application (2018-2023) & ($ Millions)
    Table 9. Global Motor Monitoring System Market Size Market Share by Application (2018-2023)
    Table 10. Global Motor Monitoring System Revenue by Players (2018-2023) & ($ Millions)
    Table 11. Global Motor Monitoring System Revenue Market Share by Player (2018-2023)
    Table 12. Motor Monitoring System Key Players Head office and Products Offered
    Table 13. Motor Monitoring System Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 14. New Products and Potential Entrants
    Table 15. Mergers & Acquisitions, Expansion
    Table 16. Global Motor Monitoring System Market Size by Regions 2018-2023 & ($ Millions)
    Table 17. Global Motor Monitoring System Market Size Market Share by Regions (2018-2023)
    Table 18. Global Motor Monitoring System Revenue by Country/Region (2018-2023) & ($ millions)
    Table 19. Global Motor Monitoring System Revenue Market Share by Country/Region (2018-2023)
    Table 20. Americas Motor Monitoring System Market Size by Country (2018-2023) & ($ Millions)
    Table 21. Americas Motor Monitoring System Market Size Market Share by Country (2018-2023)
    Table 22. Americas Motor Monitoring System Market Size by Type (2018-2023) & ($ Millions)
    Table 23. Americas Motor Monitoring System Market Size Market Share by Type (2018-2023)
    Table 24. Americas Motor Monitoring System Market Size by Application (2018-2023) & ($ Millions)
    Table 25. Americas Motor Monitoring System Market Size Market Share by Application (2018-2023)
    Table 26. APAC Motor Monitoring System Market Size by Region (2018-2023) & ($ Millions)
    Table 27. APAC Motor Monitoring System Market Size Market Share by Region (2018-2023)
    Table 28. APAC Motor Monitoring System Market Size by Type (2018-2023) & ($ Millions)
    Table 29. APAC Motor Monitoring System Market Size Market Share by Type (2018-2023)
    Table 30. APAC Motor Monitoring System Market Size by Application (2018-2023) & ($ Millions)
    Table 31. APAC Motor Monitoring System Market Size Market Share by Application (2018-2023)
    Table 32. Europe Motor Monitoring System Market Size by Country (2018-2023) & ($ Millions)
    Table 33. Europe Motor Monitoring System Market Size Market Share by Country (2018-2023)
    Table 34. Europe Motor Monitoring System Market Size by Type (2018-2023) & ($ Millions)
    Table 35. Europe Motor Monitoring System Market Size Market Share by Type (2018-2023)
    Table 36. Europe Motor Monitoring System Market Size by Application (2018-2023) & ($ Millions)
    Table 37. Europe Motor Monitoring System Market Size Market Share by Application (2018-2023)
    Table 38. Middle East & Africa Motor Monitoring System Market Size by Region (2018-2023) & ($ Millions)
    Table 39. Middle East & Africa Motor Monitoring System Market Size Market Share by Region (2018-2023)
    Table 40. Middle East & Africa Motor Monitoring System Market Size by Type (2018-2023) & ($ Millions)
    Table 41. Middle East & Africa Motor Monitoring System Market Size Market Share by Type (2018-2023)
    Table 42. Middle East & Africa Motor Monitoring System Market Size by Application (2018-2023) & ($ Millions)
    Table 43. Middle East & Africa Motor Monitoring System Market Size Market Share by Application (2018-2023)
    Table 44. Key Market Drivers & Growth Opportunities of Motor Monitoring System
    Table 45. Key Market Challenges & Risks of Motor Monitoring System
    Table 46. Key Industry Trends of Motor Monitoring System
    Table 47. Global Motor Monitoring System Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 48. Global Motor Monitoring System Market Size Market Share Forecast by Regions (2024-2029)
    Table 49. Global Motor Monitoring System Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 50. Global Motor Monitoring System Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 51. ABB Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 52. ABB Motor Monitoring System Product Offered
    Table 53. ABB Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 54. ABB Main Business
    Table 55. ABB Latest Developments
    Table 56. Schneider Electric Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 57. Schneider Electric Motor Monitoring System Product Offered
    Table 58. Schneider Electric Main Business
    Table 59. Schneider Electric Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 60. Schneider Electric Latest Developments
    Table 61. Siemens Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 62. Siemens Motor Monitoring System Product Offered
    Table 63. Siemens Main Business
    Table 64. Siemens Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 65. Siemens Latest Developments
    Table 66. Emerson Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 67. Emerson Motor Monitoring System Product Offered
    Table 68. Emerson Main Business
    Table 69. Emerson Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 70. Emerson Latest Developments
    Table 71. Honeywell Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 72. Honeywell Motor Monitoring System Product Offered
    Table 73. Honeywell Main Business
    Table 74. Honeywell Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 75. Honeywell Latest Developments
    Table 76. Rockwell Automation Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 77. Rockwell Automation Motor Monitoring System Product Offered
    Table 78. Rockwell Automation Main Business
    Table 79. Rockwell Automation Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 80. Rockwell Automation Latest Developments
    Table 81. Mitsubishi Electric Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 82. Mitsubishi Electric Motor Monitoring System Product Offered
    Table 83. Mitsubishi Electric Main Business
    Table 84. Mitsubishi Electric Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 85. Mitsubishi Electric Latest Developments
    Table 86. Bently Nevada (Baker Hughes) Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 87. Bently Nevada (Baker Hughes) Motor Monitoring System Product Offered
    Table 88. Bently Nevada (Baker Hughes) Main Business
    Table 89. Bently Nevada (Baker Hughes) Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 90. Bently Nevada (Baker Hughes) Latest Developments
    Table 91. Qualitrol Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 92. Qualitrol Motor Monitoring System Product Offered
    Table 93. Qualitrol Main Business
    Table 94. Qualitrol Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 95. Qualitrol Latest Developments
    Table 96. Eaton Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 97. Eaton Motor Monitoring System Product Offered
    Table 98. Eaton Main Business
    Table 99. Eaton Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 100. Eaton Latest Developments
    Table 101. National Instruments Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 102. National Instruments Motor Monitoring System Product Offered
    Table 103. National Instruments Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 104. National Instruments Main Business
    Table 105. National Instruments Latest Developments
    Table 106. Dynapar Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 107. Dynapar Motor Monitoring System Product Offered
    Table 108. Dynapar Main Business
    Table 109. Dynapar Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 110. Dynapar Latest Developments
    Table 111. Megger Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 112. Megger Motor Monitoring System Product Offered
    Table 113. Megger Main Business
    Table 114. Megger Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 115. Megger Latest Developments
    Table 116. Phoenix Contact Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 117. Phoenix Contact Motor Monitoring System Product Offered
    Table 118. Phoenix Contact Main Business
    Table 119. Phoenix Contact Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 120. Phoenix Contact Latest Developments
    Table 121. Koncar Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 122. Koncar Motor Monitoring System Product Offered
    Table 123. Koncar Main Business
    Table 124. Koncar Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 125. Koncar Latest Developments
    Table 126. KCF Technologies Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 127. KCF Technologies Motor Monitoring System Product Offered
    Table 128. KCF Technologies Main Business
    Table 129. KCF Technologies Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 130. KCF Technologies Latest Developments
    Table 131. Advantech Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 132. Advantech Motor Monitoring System Product Offered
    Table 133. Advantech Main Business
    Table 134. Advantech Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 135. Advantech Latest Developments
    Table 136. Banner Engineering Details, Company Type, Motor Monitoring System Area Served and Its Competitors
    Table 137. Banner Engineering Motor Monitoring System Product Offered
    Table 138. Banner Engineering Main Business
    Table 139. Banner Engineering Motor Monitoring System Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 140. Banner Engineering Latest Developments
List of Figures
    Figure 1. Motor Monitoring System Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Motor Monitoring System Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Motor Monitoring System Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Motor Monitoring System Sales Market Share by Country/Region (2022)
    Figure 8. Motor Monitoring System Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Motor Monitoring System Market Size Market Share by Type in 2022
    Figure 10. Motor Monitoring System in Metals and Mining
    Figure 11. Global Motor Monitoring System Market: Metals and Mining (2018-2023) & ($ Millions)
    Figure 12. Motor Monitoring System in Oil and Gas
    Figure 13. Global Motor Monitoring System Market: Oil and Gas (2018-2023) & ($ Millions)
    Figure 14. Motor Monitoring System in Power Generation
    Figure 15. Global Motor Monitoring System Market: Power Generation (2018-2023) & ($ Millions)
    Figure 16. Motor Monitoring System in Water and Wastewater
    Figure 17. Global Motor Monitoring System Market: Water and Wastewater (2018-2023) & ($ Millions)
    Figure 18. Motor Monitoring System in Food and Beverages
    Figure 19. Global Motor Monitoring System Market: Food and Beverages (2018-2023) & ($ Millions)
    Figure 20. Motor Monitoring System in Chemicals and Pharmaceutical
    Figure 21. Global Motor Monitoring System Market: Chemicals and Pharmaceutical (2018-2023) & ($ Millions)
    Figure 22. Motor Monitoring System in Automotive
    Figure 23. Global Motor Monitoring System Market: Automotive (2018-2023) & ($ Millions)
    Figure 24. Motor Monitoring System in Aerospace and Defense
    Figure 25. Global Motor Monitoring System Market: Aerospace and Defense (2018-2023) & ($ Millions)
    Figure 26. Motor Monitoring System in Others
    Figure 27. Global Motor Monitoring System Market: Others (2018-2023) & ($ Millions)
    Figure 28. Global Motor Monitoring System Market Size Market Share by Application in 2022
    Figure 29. Global Motor Monitoring System Revenue Market Share by Player in 2022
    Figure 30. Global Motor Monitoring System Market Size Market Share by Regions (2018-2023)
    Figure 31. Americas Motor Monitoring System Market Size 2018-2023 ($ Millions)
    Figure 32. APAC Motor Monitoring System Market Size 2018-2023 ($ Millions)
    Figure 33. Europe Motor Monitoring System Market Size 2018-2023 ($ Millions)
    Figure 34. Middle East & Africa Motor Monitoring System Market Size 2018-2023 ($ Millions)
    Figure 35. Americas Motor Monitoring System Value Market Share by Country in 2022
    Figure 36. United States Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 37. Canada Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 38. Mexico Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 39. Brazil Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 40. APAC Motor Monitoring System Market Size Market Share by Region in 2022
    Figure 41. APAC Motor Monitoring System Market Size Market Share by Type in 2022
    Figure 42. APAC Motor Monitoring System Market Size Market Share by Application in 2022
    Figure 43. China Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 44. Japan Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 45. Korea Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 46. Southeast Asia Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 47. India Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 48. Australia Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 49. Europe Motor Monitoring System Market Size Market Share by Country in 2022
    Figure 50. Europe Motor Monitoring System Market Size Market Share by Type (2018-2023)
    Figure 51. Europe Motor Monitoring System Market Size Market Share by Application (2018-2023)
    Figure 52. Germany Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 53. France Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 54. UK Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 55. Italy Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 56. Russia Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 57. Middle East & Africa Motor Monitoring System Market Size Market Share by Region (2018-2023)
    Figure 58. Middle East & Africa Motor Monitoring System Market Size Market Share by Type (2018-2023)
    Figure 59. Middle East & Africa Motor Monitoring System Market Size Market Share by Application (2018-2023)
    Figure 60. Egypt Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 61. South Africa Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 62. Israel Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 63. Turkey Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 64. GCC Country Motor Monitoring System Market Size Growth 2018-2023 ($ Millions)
    Figure 65. Americas Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 66. APAC Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 67. Europe Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 68. Middle East & Africa Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 69. United States Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 70. Canada Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 71. Mexico Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 72. Brazil Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 73. China Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 74. Japan Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 75. Korea Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 76. Southeast Asia Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 77. India Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 78. Australia Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 79. Germany Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 80. France Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 81. UK Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 82. Italy Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 83. Russia Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 84. Spain Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 85. Egypt Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 86. South Africa Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 87. Israel Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 88. Turkey Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 89. GCC Countries Motor Monitoring System Market Size 2024-2029 ($ Millions)
    Figure 90. Global Motor Monitoring System Market Size Market Share Forecast by Type (2024-2029)
    Figure 91. Global Motor Monitoring System Market Size Market Share Forecast by Application (2024-2029)

ABB
Schneider Electric
Siemens
Emerson
Honeywell
Rockwell Automation
Mitsubishi Electric
Bently Nevada (Baker Hughes)
Qualitrol
Eaton
National Instruments
Dynapar
Megger
Phoenix Contact
Koncar
KCF Technologies
Advantech
Banner Engineering

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape