Engine monitoring market to top US$6.5 valuation

DUBAI, United Arab Emirates, 07 Feb. 2022 (GLOBE NEWSWIRE) — The Engine Monitoring Market the size is expected to grow at a rate of 8% CAGR over the forecast period to exceed a valuation of US$2.9 billion by 2026, from US$2 billion in 2021. engine monitoring include the high popularity of predictive maintenance, which underpins a healthy sales outlook.

According to a recent Engine Monitoring Market According to a report by Future Market Insights (IMF), the engine monitoring market is expected to grow at a healthy CAGR of 8% during the forecast period 2022-2032.

Increasing use of wireless communication technology in machine condition monitoring and increasing demand for predictive maintenance are two crucial factors driving the growth of the engine monitoring systems market.

Attributes Details
CAGR of Motor Monitoring Market (2022-2032) 8%
Motor Monitoring Market (2026) US$2.9 billion
Engine Monitoring Market Attraction Mandatory implementation of an energy audit in developed regions to provide opportunities

Request a sample report for complete information on https://www.futuremarketinsights.com/reports/sample/rep-gb-14260

The automotive industry’s trend towards automated systems has made it mandatory to use a engine monitoring system. Moreover, the need for engine monitoring systems has grown as the demand for efficient working systems has increased for better performance and energy efficiency.

Engine monitoring sensors are widely used in airplanes, buses, cranes and trucks in the aerospace industry. The seamless integration of standalone Eelectric motors in aerospace and aviation is optimistic about market expansion.

Initiatives to upgrade existing electrical infrastructure to meet global energy demand have driven global adoption of the motor control market. The increased use of predictive maintenance and other engine monitoring module prompts companies to hire data analysis staff. To get accurate information about the health of the motors, this team must be familiar with the motors as well as how they work in a specific machine.

Therefore, the indirect cost to businesses will increase. During the forecast period, the scarcity of qualified professionals at reasonable prices is the main limiting factor Motor monitoring market growth.
For any questions related to the report, ask an [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-14260

Report scope

Attributes Engine Monitoring Market motor control center market Machinery Condition Monitoring System Market
CAGR (2022 – 2032) 8% 6.5% 7.3%
Market value (2026) US$2.9 billion US$6.5 billion US$3.6 billion
Growth factor Growing demand for engine monitoring systems from the aerospace and automotive industry to support growth opportunities. Increased power generation capacity to improve sales prospects in Asia-Pacific. Using wireless technology to support growth.
Opportunity Strong adoption of electric vehicles in Europe to open up new revenue streams. Increasing uptime in industrial facilities provides opportunities for the adoption of motor control centers. Investment in the development of vibration monitoring techniques to provide opportunities.
Key trends Improvements to engine monitoring devices to improve efficiency can drive adoption. Inorganic growth through acquisitions and mergers is the go-to-market movement. Collaborations and product launches to maintain growth momentum.


  • The popularity of hardware is expected to remain high over software and services over the forecast period.
  • Mission critical applications are increasing, prompting high adoption of online engine monitoring system.
  • The environmental repercussions of a manufacturing plant failure make the oil and gas industry a major end user.
  • In 2020, North America represented 33.7% of the engine monitoring market share. The regional market encompasses the United States, Canada and Mexico. An increase in the demand for electric vehicles (EVs) and increased investments in infrastructure development in various motor monitoring end-user industries are supporting the growth of the region.

We offer bespoke solutions to meet your needs, request customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14260

Competitive landscape

New solution offerings and the integration of predictive analytics are key drivers facilitating innovation in the engine monitoring systems market through product differentiation. There are several key companies in the motor monitoring market including ABB Group and Siemens AG. Here are recent market developments:
Product launch, product development, collaboration, partnership and other go-to-market tactics are used by organizations to increase the engine monitoring market share.

Explore IMF’s extensive ongoing technology coverage

Portable Monitor Market – Portable monitors are very thin, light and easy to use with most electronic devices. Usually single monitors are quite bulky and one person cannot carry them everywhere, so portable monitors are designed to overcome these challenges.

Livestock Monitoring Systems Market – Animals today are intensively produced and maintained in optimum conditions for growth and production within current technological limitations. The majority of animals are confined to a building or stockyard most of the time.

Application Metrics and Monitoring Tools Market – Application Metrics and Monitoring Tools refers to a comprehensive set of tools that measure and monitor the performance of applications and solutions used by enterprises to carry out their business operations at an optimized level.

Refrigeration Monitoring Market – The rise of food retail chains in developing regions and growing demand for refrigeration systems in grocery stores, supermarkets, convenience stores, and specialty food stores to drive the growth of the global refrigeration monitoring market.

Condition Monitoring Sensors Market – Condition monitoring sensors and analytics software enable real-time monitoring through condition sensing devices that help monitor industrial processes and systems and improve availability and reliability.

Pollution Monitoring Equipment Market – The global pollution monitoring equipment market is segmented on the basis of pollution type, equipment type, end user and region. On the basis of pollution type, the global pollution monitoring equipment market can be segmented into air pollution, noise pollution, water pollution and soil pollution.

Water Level and Storage Monitoring Software Market – Real-time Water Level and Storage Monitoring provides a solution to monitor water levels and access data via the Internet remotely. This remote monitoring system also sends notifications when critical water levels are reached.

Connected RHM (Remote Healthcare Monitoring) Market – The connected RHM market is growing rapidly due to the growing need for round-the-clock healthcare services. Connected RHM solutions use healthcare monitoring devices to perform health tests on the patient without any human intervention from anywhere and anytime.

Remote Electrocardiogram Monitoring Market – Telemedicine uses information technology and telecommunications to provide remote medical assistance. It became particularly widespread in the 20th century due to advances in these two areas.

Indoor Air Quality Monitor Market – The air quality inside living quarters, where an average person spends most of their time, is known as Indoor Air Quality . The purpose of indoor air quality monitoring is to achieve a healthy and safe indoor air environment, i.e. to check whether there is ventilation, temperature and air level. humidity to the preferable point.

About Future Market Insights (IMF)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.


future market outlook,
1602-6 Jumeirah Bay Tower X2,
Parcel number: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For sales inquiries: [email protected]
For media inquiries: [email protected]
Website: https://www.futuremarketinsights.com/
Reporting: https://www.futuremarketinsights.com/reports/motor-monitoring-market
Source of the press release: https://www.futuremarketinsights.com/press-release/motor-monitoring-market

About Cassondra Durden

Check Also

Power Plant Control System Market Outlook 2022 and Forecast to 2029

Los Angeles, USA,-According to the report of the verified market report, the global power plant …