Machine Condition Monitoring Industry

Description

Global Machine condition monitoring market is accounted for $2.11billion in 2017 and is expected to reach $4.45 billion by 2026 growing at a CAGR of 8.6%. Development of a secure cloud computing platform, increased use of wireless communication technology for condition monitoring of equipment and inclination of end users towards predictive maintenance are the factors fueling the market growth. However, factors such as lack of trained technical resources for data analysis and lack of trust in prediction capabilities of machine condition monitoring technology are restricting the market growth. In addition, strategic partnership and collaboration among key players provides huge growth opportunity for the market.

Machine condition monitoring allows maintenance to be scheduled, or other actions to be taken to prevent consequential damages and avoid its consequences. Machine condition monitoring techniques is used in rotating electric motors, internal combustion engines, presses equipment and pumps. The demand for machine condition monitoring is rapidly growing as they are widely used across various industries such as chemicals, automotive, metals, mining, aerospace & defense among many others. Condition monitoring has a unique benefit in that conditions that would shorten normal lifespan can be addressed before they develop into a major failure. Its unique benefits increase the lifespan of the machines.

Amongst monitoring processes, online and portable segment accounted for the largest market share in the global market. Online machine condition monitoring offers real time data to operators at the plant and is the most preferred monitoring process in significant services that effort continuously and are highly level to defects. By Geography, Asia Pacific region is expected to register the highest market growth rate during the forecast period owing to the increasing demand for conditioning-based maintenance. 

Some of the key players in the global machine condition monitoring market include Pcb Piezotronics, Emerson Electric, Pruftechnik Dieter Busch, General Electric, Fluke Corporation, Honeywell, Bruel & Kjaer, National Instruments, Meggitt, Azima Dli, SKF, Rockwell Automation, ALS Ltd.,Parker Hannifin, Analog Devices, Flir Systems,3D Signals, SPM Instrument, Uptake Canada & Petasense.

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Monitoring Techniques Covered: 
• Motor Current Analysis 
• Ultrasound Emission Monitoring 
• Vibration Monitoring 
• Thermography 
• Corrosion Monitoring 
• Oil Analysis

Offerings covered: 
• Software 
• Hardware

Deployment Types Covered: 
• Cloud 
• On Premise

Monitoring Processes Covered: 
• Portable Condition Monitoring 
• Online Condition Monitoring

End Users Covered: 
• Marine 
• Oil & Gas 
• Food & Beverages 
• Power Generation 
• Automotive 
• Metals & Mining 
• Chemicals 
• Aerospace & Defense 
• Other End Users

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 
– Market share analysis of the top industry players 
– 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 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

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Table of Content

1 Executive Summary 

2 Preface 
2.1 Abstract 
2.2 Stake Holders 
2.3 Research Scope 
2.4 Research Methodology 
2.4.1 Data Mining 
2.4.2 Data Analysis 
2.4.3 Data Validation 
2.4.4 Research Approach 
2.5 Research Sources 
2.5.1 Primary Research Sources 
2.5.2 Secondary Research Sources 
2.5.3 Assumptions 

3 Market Trend Analysis 
3.1 Introduction 
3.2 Drivers 
3.3 Restraints 
3.4 Opportunities 
3.5 Threats 
3.6 End User Analysis 
3.7 Emerging Markets 
3.8 Futuristic Market Scenario 

…

11 Key Developments 
11.1 Agreements, Partnerships, Collaborations and Joint Ventures 
11.2 Acquisitions & Mergers 
11.3 New Product Launch 
11.4 Expansions 
11.5 Other Key Strategies 

12 Company Profiling 
12.1 Pcb Piezotronics 
12.2 Emerson Electric 
12.3 Pruftechnik Dieter Busch 
12.4 General Electric 
12.5 Fluke Corporation 
12.6 Honeywell 
12.7 Bruel & Kjaer 
12.8 National Instruments 
12.9 Meggitt 
12.10 Azima Dli 
12.11 SKF 
12.12 Rockwell Automation 
12.13 ALS Ltd. 
12.14 Parker Hannifin 
12.15 Analog Devices 
12.16 Flir Systems 
12.17 3D Signals 
12.18 SPM Instrument 
12.19 Uptake Canada 
12.20 Petasense 

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