Motor And Generator Manufacturing Companies Investing In Predictive Maintenance To Minimize Breakdowns
The global motor and generator manufacturing market was valued around $116 billion in 2017. Asia Pacific was the largest region in themotor and generator manufacturing market in 2017
(EMAILWIRE.COM, December 14, 2018 ) The global motor and generator manufacturing market, one of the segments in the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 5.9% during the historic period. This mainly due to increasing sales of automobiles and rising disposable income.
In the forecast period, the motor and generator manufacturing market size is expected to be over $138.5 billion by 2021, growing at a CAGR of nearly 4.5%. The growth rate in the forecast period is lower when compared to the historic period. This is mainly attributed to fluctuating prices of raw materials.
Find TBRC’s report on the motor and generator manufacturing market:
https://www.thebusinessresearchcompany.com/report/motor-and-generator-manufacturing-market-global-briefing-2018
Motors and generators manufacturers are deploying predictive maintenance technologies to minimize breakdowns in manufacturing facilities. Predictive maintenance techniques determine the condition of equipment and predict failures that may occur. Various techniques used for predictive maintenance include vibration analysis, ultrasound, wear particle analysis and thermography. Use of smart sensors is another such technique that picks up data on certain parameters to reduce the chances of failure.
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In the forecast period, the motor and generator manufacturing market size is expected to be over $138.5 billion by 2021, growing at a CAGR of nearly 4.5%. The growth rate in the forecast period is lower when compared to the historic period. This is mainly attributed to fluctuating prices of raw materials.
Find TBRC’s report on the motor and generator manufacturing market:
https://www.thebusinessresearchcompany.com/report/motor-and-generator-manufacturing-market-global-briefing-2018
Motors and generators manufacturers are deploying predictive maintenance technologies to minimize breakdowns in manufacturing facilities. Predictive maintenance techniques determine the condition of equipment and predict failures that may occur. Various techniques used for predictive maintenance include vibration analysis, ultrasound, wear particle analysis and thermography. Use of smart sensors is another such technique that picks up data on certain parameters to reduce the chances of failure.
Download a sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=676&type=smp
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company
Contact Information:
The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
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The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results