A fresh report titled on “Conveyor Monitoring Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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The Conveyor Monitoring Market is expected to grow from US$ 215 Million in 2019 to US$ 254 Million by 2024; it is expected to record a CAGR of 3.5%. This report spread across 100 pages, profiling 12 companies and supported with 32 tables and 29 figures is now available in this research.
Topmost Outstanding Market Players:
- Emerson Electric Co. (US)
- Beltscan Systems Pty Ltd. (Australia)
- Honeywell International Inc. (US)
- Yellowtec (Australia)
- Fenner Dunlop (Australia)
- SKF (Sweden)
- Bruel & Kjaer (Denmark)
- ContiTech Conveyor Belt Group (Germany)
- Parker Hannifin Corporation (US)
- PHOENIX CBS GMBH (Germany)
“Conveyor belt monitoring technique has larger market share than conveyor motor monitoring technique”
Conveyor belt monitoring solutions are expected to account for the larger market share than conveyor motor monitoring solutions from 2019to 2024.In conveyors belt monitoring, technologies such as X-ray, electromagnetic, and optical are used. These various technologies are designed to increase the production capacity by monitoring the condition of the conveyor belt. Belt damages may have injured carcass with protruding steel cords, splice deterioration, wear and tear, insufficient cleaning, ripping off the conveyor belt, and foreign objects on it.
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“Vibration monitoring is likely to capture largest share of conveyor motor monitoring market based on technology”
Vibration monitoring technology is likely to account for the largest share of the conveyor motor monitoring market from 2019 to 2024. Factors driving the growth of this market include the moderate price, smaller size, lighter weight, and better temperature stability of these sensors. Vibration sensors can determine faults in conveyor machinery 3 months in advance and identify the exact location of the fault such as gear wear, shaft misalignment, chain looseness, bent shaft, etc.
Breakdown of primary participants’ profile:
- By Company Type–Tier 1 – 35%, Tier 2 – 30%, and Tier 3 – 35%
- By Designation – C-Level Executives – 50%, Directors – 30%, and Others – 20%
- By Region–North America – 38%, Europe – 25%, APAC – 30%, and RoW – 7%
Competitive Landscape of Conveyor Monitoring Market:
2 Ranking Analysis of Conveyor Monitoring Market Players
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.4 Emerging Companies