Motor Monitoring Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to motor monitoring market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Motor Monitoring Market News

  • In January 2025, Schneider Electric launched an enhanced version of its EcoStruxure™ Motor Control Centre (MCC), featuring advanced AI and IoT capabilities for more effective motor monitoring and predictive maintenance. The development is intended to cut unplanned downtime and maximize energy efficiency across industrial sites, making Schneider Electric a market leader in smart motor solutions.
  • In March 2024, Siemens AG introduced its SIRIUS 3RA2 Motor Management System in March 2024, incorporating cloud-based motor monitoring solutions for predictive maintenance. The system is equipped with real-time data analysis, decreasing energy consumption and optimizing total motor efficiency in manufacturing facilities. Siemens remains a leader by reinforcing its position with innovative automation solutions in the motor monitoring industry.
  • In June 2024, GE Digital unveiled an upgraded version of its Predix Asset Performance Management (APM) software. The update enhances motor monitoring capabilities by using advanced data analytics and AI to predict failures before they occur. This innovation aids industries in reducing maintenance costs and optimizing motor performance across a range of applications.
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Global Motor Monitoring Market size was valued at USD 2.30 Billion in 2023 poised to grow from USD 2.50 Billion in 2024 to USD 4.87 Billion by 2032, growing at a CAGR of 8.7% in the forecast period (2025-2032).

The global motor monitoring market is very competitive with major players like Schneider Electric, Siemens, GE Digital, Honeywell, and Emerson Electric dominating the industry. These firms specialize in IoT technological innovation in AI, predictive maintenance, and other areas. Siemens, for example, specializes in Industry 4.0 solutions and digitalization, while Schneider Electric espouses energy-saving motor monitoring systems to drive sustainability and efficiency of operation, positioning themselves at the forefront of the expanding market. 'Schneider Electric (France)', 'Siemens AG (Germany)', 'GE Digital (USA)', 'Honeywell International (USA)', 'Emerson Electric Co. (USA)', 'Rockwell Automation (USA)', 'ABB Ltd. (Switzerland)', 'Yokogawa Electric Corporation (Japan)', 'Bosch Rexroth AG (Germany)', 'SKF Group (Sweden)', 'National Instruments (USA)', 'Fluke Corporation (USA)', 'Trimble Inc. (USA)', 'Rexnord Corporation (USA)', 'Danaher Corporation (USA)'

The rising emphasis on energy efficiency in industrial operations is driving the global motor monitoring market growth. Firms are emphasizing energy conservation and minimizing operational expenditures. Motor monitoring systems allow accurate monitoring of the performance of motors, locating inefficiencies and optimizing energy use, and thus these are extremely vital in industries looking towards achieving sustainability objectives.

Increased Adoption of Predictive Maintenance: The global motor monitoring market trends is experiencing a substantial shift towards predictive maintenance. By leveraging IoT sensors and AI-based algorithms, manufacturing industries can predict motor failures even before they take place, and thus minimize downtime and maintenance expenditures. This practice is increasingly taking hold in the manufacturing, automotive, and energy industries.

How are Technological Innovations Driving Demand for Motor Monitoring Solutions in North America?

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Global Motor Monitoring Market
Motor Monitoring Market

Report ID: SQMIG20D2294

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