The global motor and generator manufacturing market, one of
the segments in the electrical and electronics manufacturing industry, grew at
a compound annual growth rate (CAGR) of around 5.9% during the historic period.
This mainly due to increasing sales of automobiles and rising disposable income.
In the forecast period, the motor and generator
manufacturing market size is expected to be over $138.5 billion by 2021,
growing at a CAGR of nearly 4.5%. The growth rate in the forecast period is
lower when compared to the historic period. This is mainly attributed to fluctuating
prices of raw materials.
Find TBRC’s report on the motor and generator manufacturing
market:
https://www.thebusinessresearchcompany.com/report/motor-and-generator-manufacturing-market-global-briefing-2018
Motors and generators manufacturers are deploying predictive
maintenance technologies to minimize breakdowns in manufacturing facilities.
Predictive maintenance techniques determine the condition of equipment and
predict failures that may occur. Various techniques used for predictive
maintenance include vibration analysis, ultrasound, wear particle analysis and
thermography. Use of smart sensors is another such technique that picks up data
on certain parameters to reduce the chances of failure.
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