Motor Monitoring Market Receive Fuel Flexibility Boost - MarketsandMarkets Blog - 0 views
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Almira Coyne on 16 Nov 23The Motor Monitoring Market refers to the industry that provides solutions and services for monitoring the performance, condition, and health of electric motors. Electric motors are widely used in various industrial applications such as manufacturing, energy, automotive, and others, and monitoring these motors is critical to ensure their efficient operation, prevent unexpected failures, and optimize maintenance processes. According to a new market research report, the motor monitoring market is predicted to develop at a 7.8% CAGR from an estimated USD 2.0 billion in 2021 to USD 2.9 billion by 2026.