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
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ABB Group
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Siemens AG
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Honeywell International Inc.
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National Instruments Corporation
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General Electric Company
*Disclaimer: Major Players sorted in no particular order
