Motor Monitoring System (MMS) is a system that monitors the performance of electric motors, as well as other devices that rely on motors for their operation. The system utilizes sensors and control systems to measure, analyze, and report information regarding the motor and related devices. It can detect issues related to motor performance such as mechanical problems, electrical faults, temperature excursions, overexcitation, and more.
MMS can be applied in various installations from low voltage to high complex multilevel systems. It provides important insight on the motor operation, allowing users to know the condition of the equipment and identify potential problems before they lead to unexpected downtime. This can help reduce maintenance costs and save energy.
In the global market, MMS is widely used in industrial and commercial locations. It is essential in the power sector, specifically electricity generation, transmission, and distribution networks. It is also used for industrial automation, robotics, and in the transportation, medical and educational sectors.
The global Motor Monitoring System market was valued at US$ 2092.8 million in 2022 and is anticipated to reach US$ 3070.9 million by 2029, witnessing a CAGR of 6.6% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Motor Monitoring System Market available at: https://www.themarketreports.com/report/global-motor-monitoring-system-market-research-report
This report aims to provide a comprehensive presentation of the global market for Motor Monitoring System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Motor Monitoring System.
The major global companies of Motor Monitoring System include ABB, Schneider Electric, Siemens, Emerson, Honeywell, Rockwell Automation, Mitsubishi Electric, Bently Nevada (Baker Hughes), Qualitrol, Eaton, National Instruments, Dynapar, Megger, Phoenix Contact, Koncar etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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