The rising awareness concerning low-cost sensor technology among the end-users is one of the vital factors that is pushing the market growth of CEMS. It has been reported that the safety regulations are becoming increasingly stringent across various end-user industries because of the rising number of industrial accidents and proliferating awareness about the environment. The guaranteed advantages of low-cost air contamination sensor technology can be understood with the advent of future advancements and adoption of refined numerical and factual procedures for detection of fault, sensor adjustment, and information quality assurance. The report published on the global construction equipment monitoring system market revealed the growth to be at a notable pace. The valuation of the construction equipment monitoring system market was further stated to surpass its previous valuation.
Add to this, low-cost sensor innovation can severely alter the air contamination detection in the region by giving high-density spatiotemporal contamination information, one which can be used to aid the customary contamination monitoring, raise awareness concerning air pollution, and enhance the exposure gauges. A vast majority of the CEMS vendors are dependent on raw materials attained from China when it comes to manufacturing products. The rising cost of raw materials and the various import duties implemented by governments around the world has increased the cost of production of the equipment, thereby having a negative impact on the market growth. However, the growth potential of the market is expected to surpass this negative jolt in the forthcoming years.
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Komatsu Australia Pty Ltd(Australia)
Brüel and Kjær Vibro GmbH(Germany)
Maven Systems Pvt. Ltd.(India)
Spark Tech Labs Inc.(USA)
GPS TRACKIT IS A DIVISION OF GLOBAL COMMUNICATIONS,LLC(USA)
RAVEON TECHNOLOGIES CORPORATION(USA)
Honeywell International Inc.(USA)
RAVEON TECHNOLOGIES CORPORATION(USA)
The global construction equipment monitoring system market has been segmented in terms of type and applications.
By type, the market breaks down into Mobile Equipment Monitor, Machinery Protection System, Remote Monitoring System, and Construction Equipment Monitor.
By application, the market divides into Excavators, Earth Moving Equipment, Construction Machinery, Wheel Loaders, Stone Crushers, RMC Trucks, Bulldozers, Crusher, and others.
The global construction equipment monitoring system market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. The Asia Pacific regional market for CEMS is expected to garner considerable shares in the coming years. This growth of the market can be attributed to the growth in power generation, oil & gas, and chemicals industry and rapid-paced industrialization. China is spearheading the market share rankings in the Asia Pacific region and is expected to remain at the forefront years in the near future. The positioning of China is a reflection of its massive industrial sector and stringent regulations imposed by the government on emission. India, on the other hand, is slated to be among the fastest growing markets in Asia Pacific as the country is more and more laying its focus on enhancing its environmental policies and addressing environmental issues or problems. A majority of the power generated in India comes through thermal power plants and is followed up by renewable energy sources. Various regulations on the use of the same is expected to push the demand for the CEMS market in India, and subsequently in Asia Pacific.
Table Of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Market Competition, by Players
4 Global Market Size by Regions
5 North America Revenue by Countries
6 Europe Revenue by Countries
7 Asia-Pacific Revenue by Countries
8 South America Revenue by Countries
9 Middle East and Africa Revenue by Countries
10 Global Market Segment by Type
11 Global Market Segment by Application
12 Global Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
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