Global Motor Protection Systems Market 2017-2021: Latest Trend Gaining Momentum is the Rising use of IIoT for Motor Condition Monitoring

The global motor protection systems market to grow at a CAGR of 4.45% during the period 2017-2021.

Global Motor Protection Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The latest trend gaining momentum in the market is Rising use of IIoT for motor condition monitoring. The Industrial Internet of Things (IIoT) is positioned on accumulating bulk data from many activities and equipment for analysis. The purpose is to enhance processes and improve developments such as the provision of a faster response to customer demands and reduced waste. Industries, which are implementing the Industry 4.0, contain many sensors on the work floor. These sensors report on features as diverse as motor currents and vibrations, batch numbers, final product test, and inspection measurements.

According to the report, one of the major drivers for this market is Rising use of electronic components in overload relays. The use of electronic components in the construction of overload relays has led to increased protection, enhanced features, and better communications, which were otherwise not available in typical eutectic alloy and bimetallic electromechanical overload relays.

Further, the report states that one of the major factors hindering the growth of this market is Low-cost vendors in APAC. APAC, over the last decade, has emerged as a major hub for low-cost solution providers of industrial automation equipment. These solution providers offer uncertified and unauthentic products, which do not comply with any regulatory standards. These products accommodate needs of small-scale and medium-scale industries. These industries either have minimal understanding of safety requirements in a working place or disregard the need for safety of personnel and machinery.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Application

Part 08: Market Segmentation By Product

Part 09: Customer Landscape

Part 10: Market Segmentation By End-User

Part 11: Regional Landscape

Part 12: Decision Framework

Part 13: Drivers And Challenges

Part 14: Market Trends

Part 15: Vendor Landscape

Part 16: Vendor Analysis

Part 17: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/ghsqdl/global_motor?w=5

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