Machine Condition Monitoring Market Seeing Tremendous Growth Rate of +5.9% CAGR with Intense Competition from Key Players Emerson, GE, Honeywell, National Instruments, SKF Group, ALS, Meggitt, Rockwell Automation, Schaeffler to 2025

The Global Machine Condition Monitoring Market report is a proficient and deep dive study on the Machine Condition Monitoring current state also focuses on the major drivers, Machine Condition Monitoring market strategies and impressive growth of the key players. Worldwide Machine Condition Monitoring Industry also offers granular study of the dynamics, revenue, Machine Condition Monitoring segmentation, share forecasts and allows you to take better business decision. The report serves vital statistics on the Machine Condition Monitoring market stature of the Machine Condition Monitoring leading manufacturers and is a important source of guidance and advice for companies and individuals involved in the Machine Condition Monitoring industry.

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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Key Highlights of Report

• Overview of key market forces propelling and restraining market growth
• Offers a clear understanding of the competitive landscape and key product segments
• An analysis of strategies of major competitors
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Provides profiles of major competitors of the market.
• Details of their operations, product and services.
• Recent developments and key financial metrics.

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: PIPELINE ANALYSIS

• Pipeline analysis

PART 06: MARKET SIZING

• Market definition
• Market sizing
• Market size and forecast

PART 07: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 08: MARKET SEGMENTATION

• Segmentation
• Comparison
• Market opportunity

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• North America
• South America
• Europe
• MEA
• APAC
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors

PART 16: APPENDIX

• List of abbreviations

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

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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.

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.

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

Complete report on Global Machine Condition Monitoring Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures

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.

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Customize report of "Global Machine Condition Monitoring Market" as per customers requirement also available.

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.

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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