Thursday, 15 February 2018

Portable Industrial Data Collectors and Analyzers Market : Outlook, Growth, Demand, Forecast 2018-2022


MRC has published a new research-based report on Portable Industrial Data Collectors and Analyzers market. This comprehensive report talks about the Portable Industrial Data Collectors and Analyzers market in terms of definition, classification, application, forecasts, estimations regarding volume and value. It also features the present scenario and prospects with financial and industrial outlook. Moreover, it includes latest trends, current events, and strategies of leading global companies including key developments, partnerships and agreements, mergers & acquisitions, investments and expansions, etc. in addition to this; it discusses the crucial aspects like drivers, restraints, opportunities and challenges that impact the market growth.
MRC recognizes the following companies as the key players in the global portable industrial data collectors and analyzers market: ABB, AZIMA DLI, Emerson Electric, General Electric, Rockwell Automation, and SKF
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Commenting on the report, an analyst from MRC team said: The latest trend gaining momentum in the market is increasing availability of upgrade options for portable industrial data collectors and analyzers. The evolution of portable industrial data collectors and analyzers is a result of innovations in condition monitoring equipment, which, in turn, raised the availability of upgrade options in portable industrial data collectors and analyzers. A major advantage of the availability of upgrade options is that they increase the scope of use and effectiveness of portable industrial data collectors and analyzers. The availability of upgrades and machine vibration analysis software aid the diagnosis of machine faults with demodulated vibration spectrum cepstral plots, time synchronous averaging, and comparisons to machine baseline spectral data. Thus, leading to increased adoption and better use of portable industrial data collectors and analyzers.
According to the report, one of the major drivers for this market is Ease of predictive maintenance through compact and portable devices. In industries such as oil and gas, mining, water and wastewater, and food and beverages, motors play a vital role in the functioning of the plant. Hence, motor monitoring is an essential function, which decides not only the efficiency of the plant but also reduces the downtime. These motors require periodic maintenance, which turns out to be expensive for the plant if not done at the proper time.
Further, the report states that one of the major factors hindering the growth of this market is Criticality of battery life. Wireless condition monitoring devices are small, compact self-contained units with a radio, battery, and a sensing element, and its circuitry all combined in one enclosure. There are also some units that are line powered with wireless communication. The main components of these wireless condition monitoring devices are portable data collectors and analyzers, which are battery powered. The life of batteries used in these devices normally depends on the use of the devices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Portable Industrial Data Collectors and Analyzers
Portable industrial data collectors and analyzers are an integral part of plant monitoring and maintenance systems, where they enable the user to establish a comprehensive periodic condition monitoring with robust high-speed processors and optimum data storage capacity.
MRC’s analysts forecast the global portable industrial data collectors and analyzers market to grow at a CAGR of 5.19% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global portable industrial data collectors and analyzers market for 2018-2022. To calculate the market size, the report considers the revenue generated from the portable industrial data collectors and analyzers.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
MRC's report, Global Portable Industrial Data Collectors and Analyzers Market 2018-2022, 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.
Key vendors
ABB
AZIMA DLI
Emerson Electric
General Electric
Rockwell Automation
SKF

Market driver
Ease of predictive maintenance through compact and portable devices
For a full, detailed list, view our report
Market challenge
Criticality of battery life
For a full, detailed list, view our report
Market trend
Increasing availability of upgrade options for portable industrial data collectors and analyzers
For a full, detailed list, view our report
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