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The study examines key trends shaping the global motor services industry and provides comprehensive data on service types across industries and regions. There is also information on the market shares of key competitors. The study encompasses services such as maintenance, repairs/replacement, testing, and optimization of electric motors used across ...

20 May 2019  |  Global  |  Customer Research

IoT in Pumps—2018 End-user Feedback on IoT Implementation and Challenges

End-user Analysis on the Market Receptiveness towards IoT Asset Monitoring Solutions

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Key Issues Addressed

The onset of the Industrial Internet of Things (IIoT) is transforming the entire manufacturing ecosystem by redefining the production process, supply chain, and end-product delivered to the customers. The business environment is turbulent due to uncertain economic conditions, a shift in customer preferences towards custom-made products, fluctuating...

The industrial machinery manufacturing sector registered strong growth in 2023, aided by increased consumer demand and the launch of new technologies and products. Increased collaboration between machinery OEMs, automation, and the Internet of Things (IoT) vendors is expected to help industries such as water and wastewater, chemicals, and oil and g...

Increasing focus by end-users on reliability and safety is expected to mobilise the industrial compressor services market. Repairs and maintenance activities have assumed greater significance post the 2008-09 economic recession, which diminished the capital expenditure for new projects. The impact of European Union sanctions (on account of the geo-...

The COVID-19 pandemic has disrupted the compressor services value chain as most countries restricted the movement of personnel, affecting compressor servicing to a certain degree. The Frost & Sullivan study on the global compressor services market provides an overview of key market trends, total and regional revenues, and growth areas until 2025. T...

Asset performance management (APM) systems are critical tools for asset-heavy industries, including oil and gas, petrochemicals and chemicals, mining and metals, and manufacturing, to effectively manage costs and risks in today’s volatile business climate. The APM landscape comprises a mix of traditional industrial automation vendors, hyperscaler...

Cybersecurity attacks increased tremendously in 2020 and 2021, primarily in the frequency and sophistication of attacks. Apart from the growing concerns about signature-less ransomware and ransomware-as-a-service, attackers also use artificial intelligence and machine learning to scale up attacks. To this end, many governments acknowledge the serio...

While the IoT is expected to transform the plant floor into a hyper-connected space and dissolve boundaries between individual business units within the organization, a number of challenges require attention to ensure the future of a connected enterprise. This strategic market insight provides value chain participants in the IoT ecosystem an overvi...

This study examines growth opportunities in the global service robot market across industries. Advancements in AI, machine vision, NLP, and autonomous navigation are driving a transformative shift in how service robots assist humans in both non-industrial and industrial settings.Aging demographics, rising labor costs, and workforce shortages are ac...