Press release
Machine Condition Monitoring Market Size, Growth and Opportunities are Escalate Rapidly With CAGR 5.9% in 2018: Dominated by Emerson, GE, Honeywell, National Instruments, SKF Group, ALS, Meggitt, Rockwell Automation, Schaeffler And others - Forecast 2025
The global machine condition monitoring market is expected to reach USD 4.2 billion by 2025, from USD 2.4 billion in 2017, growing at a CAGR of 5.9% during the forecast period of 2018 to 2025.
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Complete report on Global Machine Condition Monitoring Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
Top Key Players:
• Emerson
• GE
• Honeywell
• National Instruments
• SKF Group
• ALS
• Meggitt
• Rockwell Automation
• Schaeffler
• Parker Hannifin
• Bruel & Kjaer Sound & Vibration Measurement A/S
• Fluke Corporation
• Analog Devices
• PRUFTECHNIK Group
• Systems Limited
• SPM Instrument
• Machine Saver, INC.
• 3DSignals
• LogiLube, LLC
• Petasense
• Senseye
• Uptake
• SpaceTime Insight
• among others.
Global Machine Condition Monitoring Market, By Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission Monitoring), By Offering (Hardware, Software), By Deployment, By Type (Vibration Analysis, Diagnostics), By Industry, By Monitoring Process, By End-User, By Component (Spectrometer, Ultrasound Detector), By Application, By Geography– Industry Trends and Forecast to 2025
Major Topics Covered:
1. Introduction
2. Market Segmentation
3. Executive Summary
4. Market Overview
5. Premium Insights
6. Global Machine Condition Monitoring Market: Regulatory Scenario
7. Global Machine Condition Monitoring Market, By Offering
8. Global Machine Condition Monitoring Market, By Type
9. Global Machine Condition Monitoring Market, By End User
10. Global Machine Condition Monitoring Market, By Geography
11. Global Machine Condition Monitoring Market, Company Landscape
12. Company Profiles
13. Related Reports
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Market Definition: Global Machine Condition Monitoring Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the machine condition monitoring market in the next 8 years. Machine condition monitoring is the process, which involves measuring certain condition of a machine, such as temperature, humidity, pressure and many more. Machine conditioning is used in the detection of any mechanical fault and failure of machine. Vibration, noise, and temperature measurements are the major indicators to determine the status of machine. Machine condition monitoring involves noise, temperature, and vibration measurements as the key indicators for any equipment. Failure in equipment leads to huge losses in terms of productivity, quality of goods, and capital spent on the purchasing of new equipment. Therefore, machine condition monitoring acts as a predictive maintenance measure for such equipment. Machine condition monitoring is used in various sectors such as automotive, aerospace and defence, marine, chemicals, oil and gas, metal and mining, energy and power, and others. Successful machine monitoring includes knowledge of what to listen for, and how to interpret that knowledge to use. Many advances have taken place in this field, for instance, in 2014 SKF launched new condition monitoring sensor suitable for hazardous environments. In 2017 SKF has launched software centre for condition monitoring in Sweden.
Company Share Analysis: Global Machine Condition Monitoring Market
The global machine condition monitoring market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of machine condition monitoring market for global, Europe, North America, Asia Pacific and South America.
Customization of the Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team (sopan.gedam@databridgemarketresearch.com), who will ensure that you get a report that suits your needs.
The study objectives of this report are :
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.
• To analyze and study the global Machine Condition Monitoring sales, value, status and forecast (2018-2025);
• To analyze the top players in North America, Europe, China, Japan, Southeast Asia and India, to study the sales, value and market share of top players in these regions.
• Focuses on the key Machine Condition Monitoring players, to study the sales, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
Major Market Drivers:
• Cloud computing platform are more secured.
• Leaning towards predictive maintenance
• Automated condition monitoring technologies are promoted.
Restraints:
• Shortage of technical resources for data analysis
• Uncertainty in forecasting capabilities.
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Customize report of "Global Machine Condition Monitoring Market" as per customers requirement also available.
Market Segmentations:
Global Machine Condition Monitoring Market is segmented on the basis of
• Monitoring Technique
• Offering
• Deployment Type
• End-Use Industry
• Monitoring Process
• Industry
• End User
• Component
• Application
• Geography
Market Segmentations in Details:
On the basis of Monitoring Technique, the global machine condition monitoring market is segmented into vibration monitoring, thermography, oil analysis, corrosion monitoring, and ultrasound emission monitoring, motor current analysis.
On the basis of Offering, the global machine condition monitoring market is classified into hardware and software.
On the basis of Deployment Type, the global machine condition market is segmented into on premise and cloud.
On the basis of End-Use industry, the global machine condition monitoring market is classified into food & beverages, commercial, energy & power, and others.
On the basis of Monitoring Process, the global machine condition monitoring market is segmented into online condition monitoring and portable condition monitoring.
On the basis of by Industry, the global machine condition monitoring market is segmented into oil & gas , power generation , metals & mining , chemicals, automotive, aerospace & defence , food & beverages, marine, and
others.
On the basis of End User, the global machine condition monitoring market is segmented into power industry, oil and gas industry, pulp and paper industry, cement and metal industry, chemical and petrochemical industry, and automotive industry.
On the basis of Component, the global machine condition monitoring market is segmented into spectrometer, ultrasound detector, and others.
On the basis of Application, the global machine condition monitoring market is segmented into aerospace, defence, and others.
On the basis of Geography,
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
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