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Global Conveyor Monitoring Market to reach USD 281.62 Million by 2028

Global Conveyor Monitoring Market Size study, By Type (Conveyor Motor Monitoring, Conveyor Belt Monitoring), By Technology (Vibration Monitoring, Thermography, Corrosion Monitoring, Ultrasound Emission Monitoring, Motor Current Analysis), By Offering (Hardware, Software), By Deployment Type (On-premise, Cloud), By Industry (Mining Industry, Power Generation) and Regional Forecasts 2022-2028

Product Code: EESC-81256589
Publish Date: 30-04-2022
Page: 200

Global Conveyor Monitoring Market is valued at approximately USD 221.35 million in 2021 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2022-2028. Conveyor Monitoring is the procedure of fixing the state of the conveyor motor and conveyor belt while it is in operation and observing a possible failure in advance. Thereby, these assist in boosting the efficiency of conveyors, cut-down high maintenance costs, and decrease the interruption of conveyors, and increasing productivity. The growing inclination towards the decreasing revenue loss of the companies, which is caused by the conveyor systems, along with increasing adoption of the predictive maintenance tools and techniques, are the factors that are surging the market demand across the globe. Additionally, the mining industry is propelling the demand for Conveyor Monitoring for improving their productivity, and the need for assuring uninterrupted running of conveyors. For instance, according to Statista, in 2017 the mining industry’s production was nearly 5.3% across India, which increases by 4.3% in comparison to 2016. However, a limited in-house skillset to manage monitoring solutions and analyze data impedes the growth of the market over the forecast period of 2022-2028. Also, the increasing demand for safety compliance automation solutions and the rising proliferation of industrial IoT is anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the Global Conveyor Monitoring Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the world in terms of market share owing to the continuous technological introduction of novel technologies and their developments, as well as proliferation of the automation technologies majorly across the mining and power generation sectors. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the presence of the huge oil and mining reserves, favorable regulatory policies, and healthy FDI inflows would create lucrative growth prospects for the Conveyor Monitoring market across the Asia-Pacific region.

Major market players included in this report are:
Fenner Dunlop Inc.
Pruftechnik Dieter Busch
Emerson Electric Co
ContiTech AG
PHOENIX CBS GmbH
4B Braime Group
CBG Conveyor Belt Gateway
Yellow Technical Services (Pty) Ltd.
Beltscan Systems Pty Ltd.
Honeywell International Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Conveyor Motor Monitoring
Conveyor Belt Monitoring
By Technology:
Vibration Monitoring
Thermography
Corrosion Monitoring
Ultrasound Emission Monitoring
Motor Current Analysis
by Offering:
Hardware
Software
By Deployment Type:
On-premise
Cloud
By Industry:
Mining Industry
Power Generation
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Conveyor Monitoring Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Conveyor Monitoring Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Conveyor Monitoring Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Conveyor Monitoring Market, by Technology, 2020-2028 (USD Million)
1.2.4. Global Conveyor Monitoring Market, by Offering, 2020-2028 (USD Million)
1.2.5. Global Conveyor Monitoring Market, by Deployment Type, 2020-2028 (USD Million)
1.2.6. Global Conveyor Monitoring Market, by Industry, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Conveyor Monitoring Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Conveyor Monitoring Market Dynamics
3.1. Conveyor Monitoring Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing use of predictive maintenance tools and techniques
3.1.1.2. Rising inclination for reducing revenue loss because of faults in conveyor systems
3.1.2. Market Challenges
3.1.2.1. Availability of Expertise at Remote Locations
3.1.3. Market Opportunities
3.1.3.1. Rising Penetration of Industrial IoT
Chapter 4. Global Conveyor Monitoring Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Conveyor Monitoring Market, by Type
6.1. Market Snapshot
6.2. Global Conveyor Monitoring Market by Type, Performance – Potential Analysis
6.3. Global Conveyor Monitoring Market Estimates & Forecasts by Type, 2019-2028 (USD Million)
6.4. Conveyor Monitoring Market, Sub Segment Analysis
6.4.1. Conveyor Motor Monitoring
6.4.2. Conveyor Belt Monitoring
Chapter 7. Global Conveyor Monitoring Market, by Technology
7.1. Market Snapshot
7.2. Global Conveyor Monitoring Market by Technology, Performance – Potential Analysis
7.3. Global Conveyor Monitoring Market Estimates & Forecasts by Technology, 2019-2028 (USD Million)
7.4. Conveyor Monitoring Market, Sub Segment Analysis
7.4.1. Vibration Monitoring
7.4.2. Thermography
7.4.3. Corrosion Monitoring
7.4.4. Ultrasound Emission Monitoring
7.4.5. Motor Current Analysis
Chapter 8. Global Conveyor Monitoring Market, by Offering
8.1. Market Snapshot
8.2. Global Conveyor Monitoring Market by Offering, Performance – Potential Analysis
8.3. Global Conveyor Monitoring Market Estimates & Forecasts by Offering, 2019-2028 (USD Million)
8.4. Conveyor Monitoring Market, Sub Segment Analysis
8.4.1. Hardware
8.4.2. Software
Chapter 9. Global Conveyor Monitoring Market, by Deployment Type
9.1. Market Snapshot
9.2. Global Conveyor Monitoring Market by Deployment Type, Performance – Potential Analysis
9.3. Global Conveyor Monitoring Market Estimates & Forecasts by Deployment Type, 2019-2028 (USD Million)
9.4. Conveyor Monitoring Market, Sub Segment Analysis
9.4.1. On-premise
9.4.2. Cloud
Chapter 10. Global Conveyor Monitoring Market, by Industry
10.1. Market Snapshot
10.2. Global Conveyor Monitoring Market by Industry, Performance – Potential Analysis
10.3. Global Conveyor Monitoring Market Estimates & Forecasts by Industry, 2019-2028 (USD Million)
10.4. Conveyor Monitoring Market, Sub Segment Analysis
10.4.1. Mining Industry
10.4.2. Power Generation
Chapter 11. Global Conveyor Monitoring Market, Regional Analysis
11.1. Conveyor Monitoring Market, Regional Market Snapshot
11.2. North America Conveyor Monitoring Market
11.2.1. U.S. Conveyor Monitoring Market
11.2.1.1. Type breakdown estimates & forecasts, 2019-2028
11.2.1.2. Technology breakdown estimates & forecasts, 2019-2028
11.2.1.3. Offering breakdown estimates & forecasts, 2019-2028
11.2.1.4. Deployment Type breakdown estimates & forecasts, 2019-2028
11.2.1.5. Industry breakdown estimates & forecasts, 2019-2028
11.2.2. Canada Conveyor Monitoring Market
11.3. Europe Conveyor Monitoring Market Snapshot
11.3.1. U.K. Conveyor Monitoring Market
11.3.2. Germany Conveyor Monitoring Market
11.3.3. France Conveyor Monitoring Market
11.3.4. Spain Conveyor Monitoring Market
11.3.5. Italy Conveyor Monitoring Market
11.3.6. Rest of Europe Conveyor Monitoring Market
11.4. Asia-Pacific Conveyor Monitoring Market Snapshot
11.4.1. China Conveyor Monitoring Market
11.4.2. India Conveyor Monitoring Market
11.4.3. Japan Conveyor Monitoring Market
11.4.4. Australia Conveyor Monitoring Market
11.4.5. South Korea Conveyor Monitoring Market
11.4.6. Rest of Asia Pacific Conveyor Monitoring Market
11.5. Latin America Conveyor Monitoring Market Snapshot
11.5.1. Brazil Conveyor Monitoring Market
11.5.2. Mexico Conveyor Monitoring Market
11.6. Rest of The World Conveyor Monitoring Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Fenner Dunlop Inc.
12.2.1.1. Key Information
12.2.1.2. Overview
12.2.1.3. Financial (Subject to Data Availability)
12.2.1.4. Product Summary
12.2.1.5. Recent Developments
12.2.2. Pruftechnik Dieter Busch
12.2.3. Emerson Electric Co
12.2.4. ContiTech AG
12.2.5. PHOENIX CBS GmbH
12.2.6. 4B Braime Group
12.2.7. CBG Conveyor Belt Gateway
12.2.8. Yellow Technical Services (Pty) Ltd.
12.2.9. Beltscan Systems Pty Ltd.
12.2.10. Honeywell International Inc.
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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