Press release
Market Demand : Machine Condition Monitoring Sensors Market Globally Grow at a CAGR of 6.52% by Revenue During the Period 2017-2021
Market Research Report
About Machine Condition Monitoring Sensors
Machine condition monitoring sensors are devices that are used for condition-based maintenance and monitoring of machines and industrial assets. They help in timely detection of machine damage, thereby reducing the operational expense for an organization. The global machine condition monitoring sensors market is segmented based on type, namely vibration, infrared, oil analysis, and other sensors. End-users of this market are oil and gas, power generation, aerospace and defense, chemical and petrochemical, and others.
Technavios analysts forecast the global machine condition monitoring sensors market to grow at a CAGR of 6.52% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global machine condition monitoring sensors market for 2017-2021. To calculate the market size, the report considers the sales and replacement market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Machine Condition Monitoring Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Monitoring Sensors Market
Key vendors
Connection Technology Center
Emerson
Parker Hannifin
Rockwell Automation
SKF
Other prominent vendors
CM Technologies
Fluke
HBM
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Market driver
Rise in demand for wireless vibration sensors
For a full, detailed list, view our report
Market challenge
High maintenance and replacement costs
For a full, detailed list, view our report
Market trend
Adoption of real-time monitoring
For a full, detailed list, view our report
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
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