Portable Industrial Data Collectors And Analyzers Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Use of Route-based Condition Monitoring to Boost the Market Growth | Technavio

LONDON--()--Technavio has been monitoring the portable industrial data collectors and analyzers market and it is poised to grow by USD 97.75 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by end-user, which is the leading segment in the market?
  • The oil and gas industry is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Increasing availability of upgrade options for portable industrial data collectors and analyzers is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 4%, the incremental growth of the market is anticipated to be USD 97.75 million.
  • Who are the top players in the market?
  • AB SKF, ABB Ltd., ALS Ltd., Emerson Electric Co., FLIR Systems Inc., Fortive Corp., General Electric Co., Mitsubishi Electric Corp., Parker Hannifin Corp., and Rockwell Automation Inc. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Use of route-based condition monitoring is one of the major factors driving the market. However, the criticality of battery life restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 31% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, ABB Ltd., ALS Ltd., Emerson Electric Co., FLIR Systems Inc., Fortive Corp., General Electric Co., Mitsubishi Electric Corp., Parker Hannifin Corp., and Rockwell Automation Inc. are some of the major market participants. The use of route-based condition monitoring will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Portable Industrial Data Collectors and Analyzers Market 2020-2024: Segmentation

Portable Industrial Data Collectors and Analyzers Market is segmented as below:

  • End-user
    • Oil and Gas
    • Chemical and Petrochemical
    • Automotive
    • Water and Wastewater Treatment
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43598

Portable Industrial Data Collectors and Analyzers Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The portable industrial data collectors and analyzers market report covers the following areas:

  • Portable Industrial Data Collectors and Analyzers Market Size
  • Portable Industrial Data Collectors and Analyzers Market Trends
  • Portable Industrial Data Collectors and Analyzers Market Analysis

This study identifies increasing availability of upgrade options for portable industrial data collectors and analyzers as one of the prime reasons driving the portable industrial data collectors and analyzers market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Portable Industrial Data Collectors and Analyzers Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist portable industrial data collectors and analyzers market growth during the next five years
  • Estimation of the portable industrial data collectors and analyzers market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the portable industrial data collectors and analyzers market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of portable industrial data collectors and analyzers market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Oil and gas - Market size and forecast 2019-2024
  • Chemical and petrochemical - Market size and forecast 2019-2024
  • Automotive - Market size and forecast 2019-2024
  • Water and wastewater treatment - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver - Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB SKF
  • ABB Ltd.
  • ALS Ltd.
  • Emerson Electric Co.
  • FLIR Systems Inc.
  • Fortive Corp.
  • General Electric Co.
  • Mitsubishi Electric Corp.
  • Parker Hannifin Corp.
  • Rockwell Automation Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Portable Industrial Data Collectors and Analyzers Market will grow by USD 97.75 mn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/