According to Stratistics MRC, the Global Conveyor Monitoring market accounted for $ 193.16 million in 2017 and is expected to reach $ 312.75 million by 2026 growing at a CAGR of 5.5% during the forecast period. Some of the key factors such rising focus of companies on reducing revenue loss due to faults in conveyor belts and motors and increasing adoption of analytical tools and techniques are boosting the market growth. However, the limited in-house skillset to manage solutions and analyze data  is the restraining factors for the market growth. Moreover, the rising demand for safety compliance automation solutions coupled with growing digitization in material handling industry and growth of industrial IOT will provide ample opportunities for the growth of the market.

The process in which the condition of the conveyor belt and conveyor motor is determined while it is in operation and the potential failure in advance is detected, thereby resulting in low maintenance, increased efficiency of conveyors and production in the industry is called as Conveyor Monitoring.

By Application, mining industry segment is likely to grow with highest CAGR during the forecast period due to the reasons like extraction of mineral, metal reserves and fabrication of metals which use conveyor monitoring solutions as they are essential in the mining industry. By geography, Asia Pacific is expected to observe significant growth in the forecast period, mainly due to the technological innovation and adoption of automation technologies in the mining and power generation industries.

Some of the key players in this market include Honeywell, Trolex, 4B, Fenner Dunlop, Bruel & Kjaer, Beltscan Systems, PHOENIX, Emerson, ContiTech, CBG, Yellotec, SKF, Pruftechnik Dieter Busch and Vayeron.

Types Covered:
• Conveyor Belt Monitoring
• Conveyor Motor Monitoring

Applications Covered:
• Oil and Gas
• Power Generation
• Mining Industry
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances