Table of Content

1 INTRODUCTION 14
1.1 STUDY OBJECTIVES 14
1.2 DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED 15
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY AND PRIMARY RESEARCH 18
2.1.2 SECONDARY DATA 18
2.1.2.1 List of major secondary sources 18
2.1.2.2 Key data from secondary sources 19
2.1.3 PRIMARY DATA 19
2.1.3.1 Primary interviews with experts 19
2.1.3.2 Primary sources 20
2.1.3.3 Breakdown of primaries 20
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE MARKET OPPORTUNITIES FOR GLOBAL CONVEYOR MONITORING MARKET 29
4.2 CONVEYOR MONITORING MARKET, BY TYPE 29
4.3 CONVEYOR BELT MONITORING MARKET, BY REGION AND TYPE 30
4.4 CONVEYOR MONITORING MARKET, BY COUNTRY, 2018 30
4.5 CONVEYOR MONITORING MARKET, BY INDUSTRY 31
4.6 CONVEYOR MONITORING MARKET FOR APAC VS. EUROPEAN COUNTRIES 31
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5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Rising adoption of predictive maintenance tools and techniques 33
5.2.1.2 Increasing focus of companies on reducing revenue loss due to faults in conveyor belts and motors 33
5.2.2 RESTRAINTS 34
5.2.2.1 Limited in-house skillset to manage monitoring solutions and analyze data 34
5.2.3 OPPORTUNITIES 34
5.2.3.1 Growing penetration of Industrial IoT 34
5.2.3.2 Rising demand for safety compliance automation solutions 35
5.2.4 CHALLENGES 35
5.2.4.1 Availability of expertise at remote locations 35
5.3 ROLLERS 35

6 CONVEYOR MONITORING MARKET, BY TYPE 36
6.1 INTRODUCTION 37
6.2 CONVEYOR MOTOR MONITORING 37
6.2.1 MOTOR MONITORING, BY TECHNOLOGY 39
6.2.1.1 Vibration monitoring 39
6.2.1.1.1 Defects detected using vibration monitoring 39
6.2.1.2 Thermography 39
6.2.1.2.1 Defects detected using thermography 40
6.2.1.3 Corrosion monitoring 40
6.2.1.3.1 Defects detected using corrosion monitoring 40
6.2.1.4 Ultrasound emission monitoring 40
6.2.1.4.1 Defects detected using ultrasound emission monitoring 41
6.2.1.5 Motor current analysis 41
6.2.1.5.1 Defects detected using motor current analysis 41
6.2.2 CONVEYOR MOTOR MONITORING MARKET, BY OFFERING 42
6.2.2.1 Hardware 43
6.2.2.1.1 Vibration sensors and analyzers 43
6.2.2.1.2 Accelerometers 43
6.2.2.1.3 Proximity probes 43
6.2.2.1.4 Tachometers 44
6.2.2.1.5 Infrared sensors 44
6.2.2.1.5.1 Thermal infrared sensors 44
6.2.2.1.5.2 Quantum infrared sensors 44
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6.2.2.1.6 Spectrometers 44
6.2.2.1.6.1 Infrared spectrometers 45
6.2.2.1.6.2 Ultraviolet spectrometers 45
6.2.2.1.6.3 Atomic spectrometers 45
6.2.2.1.6.4 Mass spectrometers 45
6.2.2.1.7 Ultrasound detectors 45
6.2.2.1.7.1 Sound pressure meters 46
6.2.2.1.7.2 Stethoscopes 46
6.2.2.1.7.3 Ultrasound leak detectors 46
6.2.2.1.8 Spectrum analyzers 46
6.2.2.1.8.1 Swept spectrum analyzers 46
6.2.2.1.8.2 Real-time spectrum analyzers 46
6.2.2.1.9 Corrosion probes 47
6.2.2.1.10 Others 47
6.2.2.2 Software 47
6.2.2.2.1 Data integration 47
6.2.2.2.2 Diagnostic reporting 47
6.2.2.2.3 Order tracking 47
6.2.2.2.4 Parameter calculation 47
6.2.3 MOTOR MONITORING, BY DEPLOYMENT TYPE 48
6.2.3.1 On-premises 48
6.2.3.2 Cloud 49
6.3 CONVEYOR BELT MONITORING 50
6.3.1 ELECTROMAGNETIC 51
6.3.2 X-RAY 51
6.3.3 OPTICAL SENSORS 52

7 CONVEYOR MONITORING MARKET, BY INDUSTRY 53
7.1 INTRODUCTION 54
7.2 MINING 55
7.2.1 CONVEYOR MONITORING IS ESSENTIAL IN MINING INDUSTRY 55
7.3 POWER GENERATION 57
7.3.1 CONVEYOR MONITORING IS PREFERRED IN COAL-FIRED POWER PLANTS 57

8 GEOGRAPHIC ANALYSIS 59
8.1 INTRODUCTION 60
8.2 NORTH AMERICA 60
8.2.1 US 62
8.2.1.1 US accounts for significant share of the North American conveyor monitoring market in comparison with remaining countries in North America 62
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8.2.2 REST OF NORTH AMERICA 62
8.2.2.1 Rest of North America to witness higher CAGR in conveyor monitoring market 62
8.3 EUROPE 63
8.3.1 GERMANY 65
8.3.1.1 Dominating country in Europe for conveyor monitoring market 65
8.3.2 RUSSIA 65
8.3.2.1 Mining industry in Russia driving demand for conveyor monitoring solutions 65
8.3.3 REST OF EUROPE 65
8.3.3.1 Mining industry driving conveyor monitoring market growth in Rest of Europe 65
8.4 APAC 66
8.4.1 CHINA 68
8.4.1.1 Financial and strategic involvement of government driving market growth 68
8.4.2 AUSTRALIA 68
8.4.2.1 Significant growth in mining industry driving demand for conveyor monitoring solutions in Australia 68
8.4.3 INDIA 68
8.4.3.1 Considerable mining activities accelerating market growth in India 68
8.4.4 REST OF APAC 68
8.5 REST OF THE WORLD (ROW) 69
8.5.1 MIDDLE EAST & AFRICA 70
8.5.1.1 Availability of natural resources provides opportunity for rapid growth of mining industry 70
8.5.2 SOUTH AMERICA 70
8.5.2.1 Investments in metals industry by emerging Asian economies 70

9 COMPETITIVE LANDSCAPE 71
9.1 OVERVIEW 71
9.2 RANKING ANALYSIS OF CONVEYOR MONITORING MARKET PLAYERS 71
9.3 COMPETITIVE LEADERSHIP MAPPING 72
9.3.1 VISIONARY LEADERS 72
9.3.2 DYNAMIC DIFFERENTIATORS 72
9.3.3 INNOVATORS 72
9.3.4 EMERGING COMPANIES 72
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10 COMPANY PROFILES 74
(Business Overview, Products and Solutions Offered, SWOT Analysis, and MnM View)*
10.1 KEY PLAYERS 74
10.1.1 FENNER DUNLOP 74
10.1.2 EMERSON 75
10.1.3 BELTSCAN SYSTEMS 78
10.1.4 CONTITECH 79
10.1.5 PHOENIX 81
10.1.6 CBG 82
10.1.7 4B 83
10.1.8 YELLOTEC 84
10.1.9 TROLEX 85
10.1.10 SKF 86
10.1.11 BRUEL & KJAER 88
10.1.12 PRUFTECHNIK DIETER BUSCH 89
10.1.13 HONEYWELL 90
10.2 OTHER KEY PLAYERS 92
10.2.1 VAYERON 92
*Details on Business Overview, Products and Solutions Offered, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

11 APPENDIX 93
11.1 INSIGHTS OF INDUSTRY EXPERTS 93
11.2 DISCUSSION GUIDE 94
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 97
11.4 AVAILABLE CUSTOMIZATIONS 99
11.5 RELATED REPORTS 99
11.6 AUTHOR DETAILS 100

 



List of Figures



FIGURE 1 CONVEYOR MONITORING MARKET 15
FIGURE 2 CONVEYOR MONITORING MARKET: RESEARCH DESIGN 17
FIGURE 3 CONVEYOR MONITORING MARKET: BOTTOM-UP APPROACH 21
FIGURE 4 CONVEYOR MONITORING: TOP-DOWN APPROACH 21
FIGURE 5 DATA TRIANGULATION 22
FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY 23
FIGURE 7 CONVEYOR MONITORING MARKET SEGMENTATION 24
FIGURE 8 CONVEYOR MONITORING MARKET, 2015 TO 2024 (USD MILLION) 25
FIGURE 9 ELECTROMAGNETIC CONVEYOR BELT MONITORING SOLUTIONS TO ACCOUNT FOR LARGEST MARKET SIZE DURING 2019–2024 26
FIGURE 10 VIBRATION MONITORING TECHNOLOGY TO LEAD CONVEYOR MOTOR MONITORING MARKET IN TERMS OF SIZE DURING 2019–2024 27
FIGURE 11 MINING INDUSTRY EXPECTED TO COMMAND CONVEYOR MONITORING MARKET FROM 2019 TO 2024 27
FIGURE 12 APAC TO WITNESS HIGHEST CAGR IN GLOBAL CONVEYOR MONITORING MARKET DURING 2019–2024 28
FIGURE 13 CONVEYOR MONITORING MARKET EXPECTED TO GROW AT STABLE RATE FROM 2019 AND 2024 29
FIGURE 14 CONVEYOR MOTOR MONITORING MARKET EXPECTED TO GROW AT HIGHER RATE FROM 2019 TO 2024 29
FIGURE 15 APAC AND ELECTROMAGNETIC CONVEYOR BELT MONITORING SOLUTIONS ACCOUNTED FOR LARGEST MARKET SHARE IN 2018 30
FIGURE 16 AUSTRALIA CAPTURED LARGEST SHARE OF GLOBAL CONVEYOR MONITORING MARKET IN 2018 30
FIGURE 17 MINING INDUSTRY EXPECTED TO CONTINUE TO ACCOUNT FOR LARGER SHARE OF CONVEYOR MONITORING MARKET FROM 2018 TO 2024 31
FIGURE 18 APAC COUNTRIES TO WITNESS HIGHER CAGR THAN THAT OF EUROPEAN COUNTRIES 31
FIGURE 19 RISING ADOPTION OF PREDICTIVE MAINTENANCE TOOLS AND TECHNIQUES DRIVE CONVEYOR MONITORING MARKET 32
FIGURE 20 INDUSTRIAL IOT MARKET, 2015–2023 34
FIGURE 21 CONVEYOR MOTOR MONITORING MARKET, BY OFFERING 42
FIGURE 22 CONVEYOR MONITORING MARKET, BY INDUSTRY 54
FIGURE 23 EUROPE: CONVEYOR MONITORING MARKET SNAPSHOT 63
FIGURE 24 APAC: CONVEYOR MONITORING MARKET SNAPSHOT 66
FIGURE 25 CONVEYOR MONITORING MARKET (GLOBAL) COMPETITIVE LEADERSHIP
MAPPING, 2018 73
FIGURE 26 EMERSON: COMPANY SNAPSHOT 76
FIGURE 27 CONTITECH: COMPANY SNAPSHOT 79
FIGURE 28 SKF: COMPANY SNAPSHOT 86
FIGURE 29 HONEYWELL: COMPANY SNAPSHOT 90

 

List of Tables



TABLE 1 CONVEYOR MONITORING MARKET, BY TYPE, 2015–2024 (USD MILLION) 37
TABLE 2 CONVEYOR MOTOR MONITORING MARKET, BY INDUSTRY 2015–2024 (USD MILLION) 37
TABLE 3 CONVEYOR MOTOR MONITORING MARKET, BY REGION 2015–2024 (USD MILLION) 38
TABLE 4 CONVEYOR MOTOR MONITORING MARKET, BY TECHNOLOGY 2015–2024 (USD MILLION) 38
TABLE 5 CONVEYOR MOTOR MONITORING MARKET, BY OFFERING 2015–2024 (USD MILLION) 42
TABLE 6 CONVEYOR MOTOR MONITORING MARKET, BY DEPLOYMENT TYPE 2015–2024 (USD MILLION) 48
TABLE 7 CONVEYOR MOTOR MONITORING MARKET FOR ON-PREMISES DEPLOYMENT TYPE, BY INDUSTRY, 2015–2024 (USD MILLION) 48
TABLE 8 CONVEYOR MOTOR MONITORING MARKET FOR CLOUD DEPLOYMENT BY INDUSTRY, 2015–2024 (USD MILLION) 49
TABLE 9 CONVEYOR BELT MONITORING MARKET, BY TYPE, 2015–2024 (USD MILLION) 50
TABLE 10 CONVEYOR BELT MONITORING MARKET, BY INDUSTRY 2015–2024 (USD MILLION) 50
TABLE 11 CONVEYOR BELT MONITORING MARKET, BY REGION, 2015–2024 (USD MILLION) 51
TABLE 12 CONVEYOR MONITORING MARKET, BY INDUSTRY, 2015–2024 (USD MILLION) 54
TABLE 13 CONVEYOR BELT MONITORING MARKET FOR MINING INDUSTRY, BY TYPE 2015–2024 (USD MILLION) 55
TABLE 14 CONVEYOR MONITORING MARKET FOR MINING INDUSTRY, BY REGION 2015–2024 (USD MILLION) 56
TABLE 15 CONVEYOR MOTOR MONITORING MARKET FOR MINING INDUSTRY BY DEPLOYMENT TYPE, 2015–2024 (USD MILLION) 56
TABLE 16 CONVEYOR BELT MONITORING MARKET FOR POWER INDUSTRY, BY TYPE 2015–2024 (USD MILLION) 57
TABLE 17 CONVEYOR MONITORING MARKET FOR POWER GENERATION INDUSTRY BY REGION, 2015–2024 (USD MILLION) 57
TABLE 18 CONVEYOR MOTOR MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY DEPLOYMENT TYPE, 2015–2024 (USD MILLION) 58
TABLE 19 CONVEYOR MONITORING MARKET, BY REGION, 2015–2024 (USD MILLION) 60
TABLE 20 CONVEYOR MONITORING MARKET IN NORTH AMERICA, BY COUNTRY 2015–2024 (USD MILLION) 60
TABLE 21 CONVEYOR MONITORING MARKET IN NORTH AMERICA, BY INDUSTRY 2015–2024 (USD MILLION) 61
TABLE 22 CONVEYOR MONITORING MARKET IN NORTH AMERICA, BY TYPE 2015–2024 (USD MILLION) 61
TABLE 23 CONVEYOR MONITORING MARKET IN EUROPE, BY COUNTRY 2015–2024 (USD MILLION) 64
TABLE 24 CONVEYOR MONITORING MARKET IN EUROPE, BY INDUSTRY 2015–2024 (USD MILLION) 64
TABLE 25 CONVEYOR MONITORING MARKET IN EUROPE, BY TYPE 2015–2024 (USD MILLION) 64
TABLE 26 CONVEYOR MONITORING MARKET IN APAC, BY COUNTRY 2015–2024 (USD MILLION) 67
TABLE 27 CONVEYOR MONITORING MARKET IN APAC, BY INDUSTRY 2015–2024 (USD MILLION) 67
TABLE 28 CONVEYOR MONITORING MARKET IN APAC, BY TYPE, 2015–2024 (USD MILLION) 67
TABLE 29 CONVEYOR MONITORING MARKET IN ROW, BY REGION 2015–2024 (USD MILLION) 69
TABLE 30 CONVEYOR MONITORING MARKET IN ROW, BY INDUSTRY 2015–2024 (USD MILLION) 69
TABLE 31 CONVEYOR MONITORING MARKET IN ROW, BY TYPE, 2015–2024 (USD MILLION) 69
TABLE 32 CONVEYOR MONITORING MARKET PLAYERS, 2018 71