Motor Monitoring Market Revenue Is Anticipated to Reach $2.9 billion by 2026

 According to the new market research report "Motor Monitoring Market by Offering (Hardware, Software, Services), Monitoring Process (Online, Portable), End-User Industry (Oil & Gas, Power Generation, Metals & Mining, Chemicals, Automotive), Deployment and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Motor Monitoring Market size will grow to  USD 2.9 billion by 2026 from USD 2.0 billion in 2021, at a CAGR of 7.8% during the forecast period.

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The growing demand for predictive maintenance and analytics is one of the driving factors for the Motor Monitoring Market, globally. Predictive maintenance is gaining recognition as one of the more easily exploited applications of digitalization. Predictive maintenance (PdM) is a strategy for predicting when equipment will break and replacing the component before it fails. This aids in the reduction of downtime and the extension of component life. Predictive maintenance entails measuring the motors functioning parameters under full load, as well as the effective temperature and wetness conditions, while it is in use. For the maintenance of electric motors, there are 2 widely used methods of analysis, i.e., vibration analysis and infrared imaging. Vibration analysis is primarily employed in the case of rotating machinery while the technician can use infrared imaging to determine the temperature of the electric motor. Vibration analysis can detect any imbalance, misalignment, looseness, or bearing problems in the motor. Infrared imaging aids in the detection of problems such as bearing failure, airflow, insulation failure, unbalanced voltage, and shaft misalignment.

The hardware segment is expected to dominate the Motor Monitoring Market, by offering, during the forecast period.

The hardware segment is estimated to account for the largest market share of 69.2% of the Motor Monitoring Market in 2021. This segment is expected to maintain its high market share during the forecast period, as various industries require sensors and other hardware components for motor monitoring. Moreover, with increasing penetration of IoT in end-user industries, various hardware components will be required to establish network connection; this will fuel the demand for hardware in the Motor Monitoring Market.

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The Oil & Gas segment is expected to be the largest Motor Monitoring Market, by end-user industry, during the forecast period.

The Oil & Gas segment is expected to account for the largest share of the Motor Monitoring Market during 2021-2026. This trend is expected to continue during the forecast period. The oil & gas industry is one of the biggest end users of motors and deploys many motors that are very critical for operations and face harsh environmental situations. Thus, motor monitoring plays an important role in the oil & gas sector. Apart from that, the increasing focus on safety in drilling activities will also provide more opportunities to the Motor Monitoring Market.

North America likely to emerge as the largest Motor Monitoring Market

In this report, the Motor Monitoring Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global Motor Monitoring Market between 2021–2026. North America is at the forefront in deploying asset performance management and condition monitoring solutions, which are efficient in providing early warning notification with predictive analytics and diagnosis of equipment issues days, weeks, or months before failure. In recent years, the development of various software and deployment of automation solutions in various industries have improved business operations and consequently fueled the growth of the Motor Monitoring Market in North America.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Motor Monitoring Market.

Some of the key players are General Electric (US), Siemens (Germany), ABB (Switzerland), Honeywell (US), and Schneider Electric (France). The leading players are adopting various strategies to increase their share in the Motor Monitoring Market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Thermoplastic Pipe Market Expected to Witness the Highest Growth during 2021-2026

According to the new market research report "Thermoplastic Pipe Market by Product Type (TCP and RTP), Polymer Type (PE, PP, PVDF, PVC, Others), Application (Onshore & Offshore), End-user Industry (Oil & Gas, Water & Wastewater Treatment, Mining & Dredging) and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Thermoplastic Pipe Market is projected to reach USD 3.3 billion by 2026 The Thermoplastic Pipe Market size will grow to  USD 3.3 billion by 2026 from USD 2.7 billion in 2021, at a CAGR of 4.5% during the forecast period.

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The Thermoplastic Pipe Market has promising growth potential due to the increasing use of engineered thermoplastic materials in manufacturing pipes. The engineering grades of thermoplastic materials, such as polyamide (PA), polyethylene (PE), and polyvinylidene fluoride (PVDF), are gaining increased acceptance in niche oil & gas applications as well. Additional properties such as better chemical, corrosion, and wear resistance, light weight, cost-effectiveness, and acceptable mechanical properties compared with metals have made thermoplastics a viable option for various applications, including water transport and distribution, effluent water disposal, high-pressure water injection, seawater intake and discharge, chemical injections, and transport of oil, gas, water, and wastewater in the oil & gas industry.

Thermoplastic Pipe Market

The onshore segment is expected to dominate the Thermoplastic Pipe Market, by application, during the forecast period.

The onshore segment is expected to hold the largest market share and also grow at the fastest rate during the forecast period. Thermoplastic pipes are used in onshore industry for various applications including high pressure water injection pipelines and transportation, among others.

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The polyethylene segment is expected to be the largest Thermoplastic Pipe Market, by polymer type, during the forecast period.

The polyethylene held the largest share of the Thermoplastic Pipe Market owing to its light weight, flexibility, and easy to weld properties. There are two variants of PE pipes available in the market, i.e. HDPE (high-density polyethylene pipes) and PEX (cross-linked polyethylene). The crosslinked structure of polyethylene enhances the toughness and temperature resistance of the material. This enables the content to be specified for use in more harsh environments both at lower and higher temperatures.

Asia Pacific likely to emerge as the largest Thermoplastic Pipe Market.

In this report, the Thermoplastic Pipe Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, and Middle East & Africa. The growth of the Asia Pacific market is driven by urbanization and industrialization growth along with increasing mining activities in China, Australia, and India.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Thermoplastic Pipe Market.

Some of the key players are NOV (US), Wienerberger (Austria), TechnipFMC (UK), Georg Fischer (Switzerland), and Advanced Drainage Systems (US). The leading players are adopting various strategies to increase their share in the Thermoplastic Pipe Market.

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Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention Service (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations) Drilling Service, Others), Application (Onshore, Offshore), Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/coiled-tubing-market-804.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Email: newsletter@marketsandmarkets.com

Power Device Analyzer Market: An Exclusive Study on Upcoming Trends and Growth Opportunities

 

According to the new market research report "Power Device Analyzer Market by Type (Both AC and DC, AC and DC), Current (Below 1000A and Above 1000A), End user (Automotive, Energy, Telecommunication, Consumer Electronics and Appliances, Medical), and Region - Global Forecast to 2026", Power Device Analyzer market size will grow to USD 577 million by 2026 (forecast year) from USD 457 million in 2021 (estimated year), at a CAGR of 4.8% during the forecast period.A power device analyzer is used to measure a variety of parameters associated with power consumption and generation. Power device analyzers are mainly used for measuring different aspects of electrical power, such as voltage; current; power; peak, mean, and RMS parameters; harmonics; phase; and a variety of other parameters for various applications, including testing power electronics, inverters, motors and drives, lighting, home appliances, office equipment, power supplies, and industrial machinery. These analyzers can acquire and record data for integrated calculations used for additional and complex analysis. There are three types of power device analyzers, i.e., Both AC and DC, AC, and DC. DC analyzers allow gathering and organizing multiple instruments to complete DC measurements and sourcing tasks, while AC analyzers provide accurate measurements of power, harmonics, and efficiency in power-conversion equipment.

Browse 178 market data Tables and 45 Figures spread through 205 Pages and in-depth TOC on "Power Device Analyzer Market - Global Forecast to 2026"

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The Both AC and DC segment is expected to dominate the power device analyzer market, by type, during the forecast period.

Both AC and DC type segment accounted for the largest share of the Power device analyzer market, by type, in 2020. Both AC and DC type segment is projected to account for a larger market share, driven by the government initiatives toward implementing energy audits with an increase in mandatory regulations, growing demand for electric vehicles (EVs), and a growing market for Internet of Things (IoT) are driving the market for both AC and DC segment. Moreover, increasing energy audit and mandates from governments across the globe is likely to boost the demand for power analyzers.

The below 1000A current segment is expected to dominate the power device analyzer market, by current, during the forecast period.

The below 1000A segment accounted for the largest share of the power device analyzer market, by current, in 2020. Majority of projects are undertaken in this segment. 1000A are used across various end user industries, such as automotive, energy, aerospace & defense, wireless communication, and healthcare equipment manufacturing. Some of the major products used in the automotive and energy sectors are PWM Inverters, AC/DC converters, solar arrays, UPS (uninterrupted power supply), and high frequency power electronics. These products need power device analyzers for testing the quality of power supplied and various other parameters related to power supply.

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The automotive segment is expected to dominate the power analyzer market, by end user, during the forecast period.

The automotive segment accounted for the largest share of the power device analyzer market, by end user, in 2020. The automotive segment held a 21.3% share of the power device analyzer market in 2020. Power device analyzers are utilized in testing power conversion systems, where energy from one form is converted to another form. Power conversion systems are used in different parts of different products in the automobile sector, such as passenger automobiles, light trucks, sports utility vehicles, and commercial vehicles. Furthermore, the development of electric and autonomous vehicles has increased the demand for power device analyzers to ensure the quality, safety, and reliability of automotive systems. In an electric vehicle, power device analyzers are used to test various components, such as electric motors, battery management systems, navigation systems, and electrical charging systems. Currently, China, Japan, and South Korea dominate the electric vehicles battery market. Some of the leading electric vehicle battery manufacturing companies in Asia Pacific include China’s Contemporary Amperex Technology (China), BYD Company (China), and LG Chem (South Korea).

Asia Pacific has strong demand for power device analyzer market

Asia Pacific held 54.2% share of the global power device analyzer market in 2020. This regional market is segmented into China, Japan, South Korea, Australia, India, and the Rest of Asia Pacific. The growth of this region is supported by an increase in demand for electric vehicles (EVs) and a rise in stringent government policies. For instance, in April 2021, the government of China mandated that a certain percent of all vehicles sold by a manufacturer each year must be battery powered. Furthermore, to avoid financial penalties, manufacturers must earn a stipulated number of points in a year, which are awarded for each EV produced. By 2030, the targeted sales for EVs in China are aimed to account for 40% of all car sales. Furthermore, global auto manufacturers such as BMW, Tesla, and Volkswagen are establishing their manufacturing facilities in Asia Pacific as this region offers lucrative opportunities. Thus, increasing investments in major end-use industries are likely to drive the market for power device analyzers during the forecast period.

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The key players include Keysight Technologies (US), Yokogawa (Japan), Fluke Corporation (US), Iwatsu Electric (Japan), Hioki E E Corporation (Japan). The leading players are adopting various strategies to increase their share in the power device analyzer market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com