LONDON--(BUSINESS WIRE)--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.
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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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Portable Industrial Data Collectors and Analyzers Market 2020-2024: Segmentation
Portable Industrial Data Collectors and Analyzers Market is segmented as below:
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End-user
- Oil and Gas
- Chemical and Petrochemical
- Automotive
- Water and Wastewater Treatment
- Others
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Geography
- North America
- Europe
- APAC
- South America
- MEA
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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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