Motor Monitoring Market May Set New Growth Story |Banner Engineering, ABB, National Ins... - 0 views
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Almira Coyne on 10 Jun 21The motor monitoring market is expected to grow from USD 1.6 billion in 2018 to USD 2.3 billion by 2023, at a CAGR of 7.4% during the forecast period. Major factors driving the market growth are the growing prominence of predictive maintenance and increasing need to minimize revenue loss caused by motor faults.