Industrial Speed Monitoring Systems Market Globally Grow at a CAGR of 5.42% by 2021

Industrial speed monitoring systems are devices or equipment that are used in industries to calculate the speed of rotating equipment and control its speed if necessary.

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Under the scope of the global industrial speed monitoring systems market, tachometers, safety relays, speed transmitters, speed switches, and rotation direction switches, used for industrial purposes, have been taken into consideration.

Technavios analysts forecast the global industrial speed monitoring systems market to grow at a CAGR of 5.42% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global industrial speed monitoring systems market for 2017-2021. To calculate the market size, the report considers the new installations, sales value, and replacement market.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Industrial Speed Monitoring Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
Electro-Sensors
Process Control Systems
Rockwell Automation
Siemens

Other prominent vendors
Woodward
Eaton
Schmersal
Barksdale
SIGMATEK
ifm
Enercorp Instruments
Banner Engineering

Market driver
Minimal repair cost
For a full, detailed list, view our report

Market challenge
Need for multi-functional industrial speed monitoring systems
For a full, detailed list, view our report

Market trend
Increasing use of non-contact, non-vibrating devices
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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