Motor Monitoring Market Share

Statistics for the 2023 & 2024 Motor Monitoring market share, created by Mordor Intelligence™ Industry Reports. Motor Monitoring share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Motor Monitoring Industry

The motor monitoring market is fragmented and consists of several major players. With innovative solution offerings and predictive analytics integration, many of the market players are increasing their market worth by product and service differentiation. Key players are ABB Group, Siemens AG, etc.

In February 2023, OMRON announced to release of the K7DD-PQ Series of advanced motor condition monitoring devices starting in March 2023 in Japan and globally in April 2023. The K7DD-PQ numerically tracks trends in the deterioration and wear of servomotors, machine tools, and other equipment to reduce inspection efforts and prevent unexpected failure.

Motor Monitoring Market Leaders

  1. ABB Group

  2. Siemens AG

  3. Honeywell International Inc.

  4. National Instruments Corporation

  5. General Electric Company

*Disclaimer: Major Players sorted in no particular order

Motor Monitoring Market Concentration

Motor Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)