Press release
Machine Condition Monitoring Market Technique, Industry Size and Global Tool Analysis
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It allows maintenance to be scheduled, or other actions to be taken to prevent failure and avoid its consequences. However, there are some shortcomings of condition monitoring such as all machines not following the same schedule and minor errors, for instance, alignment, mounting conditions, and balancing of components, which are expected to dematerialize in the coming year owing to the research activities being conducted by the key manufacturers in the market.
Market Landscape By Technology (condition monitoring techniques market)
• Lubricating Oil Analysis
• Vibration Analysis & Diagnostics
• Corrosion Monitoring
• Infrared Thermography
• Motor Current Signature Analysis (MCSA)
• Ultrasound Emission Testing
Market Dynamics:
Drivers: (condition monitoring vibration analysis market)
• The demand for machine condition monitoring market is expected to rise due to enhanced life and proper maintenance of machines enabled by machine monitoring system.
• Machine monitoring system eliminates unexpected downtime & reduce repair cost.
Restraints: (condition monitoring tools market)
• Extra cost incurred in case of minor errors in machine condition monitoring system restrain the market growth.
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Key Point From Table of Content
7. Company profiles (vibration monitoring equipment market)
7.1. General Electric Company
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Emerson Process Management
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Honeywell International Inc.
7.3.1. Overview (condition monitoring market analysis)
7.3.2. Financials and business segments
7.3.3. Recent developments
7.4. Svenska Kullagerfabriken AB
7.4.1. Overview
7.4.2. Financials and business segments
7.4.3. Recent developments (vibration monitoring services)
Continued……
Market Landscape By Industry Vertical (condition monitoring market size)
• Oil and Gas
• Steel and Metal
• Chemical & Petrochemical
• Automotive
• Pharmaceutical
• Others (Cement, Power, Pulp & Paper, and Food & Beverage)
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Market Landscape By Geography
• North America (machine health monitoring market)
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
Based on technology, the market comprises of lubricating oil analysis, vibration analysis & diagnostics, corrosion monitoring, infrared thermography, motor current signature analysis (MCSA), and ultrasound emission testing. Vibration analysis & diagnostics machine condition monitoring is one of the leading markets in 2015.
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