Machine Condition Monitoring - Global Market Outlook (2017-2026)

Machine Condition Monitoring - Global Market Outlook (2017-2026)

  • Published: May 2018
  • ID: SMRC17231

According to Stratistics MRC, the 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.

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
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • 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

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   
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Machine Condition Monitoring Market, By Monitoring Technique
 5.1 Introduction    
 5.2 Motor Current Analysis   
 5.3 Ultrasound Emission Monitoring   
 5.4 Vibration Monitoring   
 5.5 Thermography     
 5.6 Corrosion Monitoring   
 5.7 Oil Analysis     
       
6 Global Machine Condition Monitoring Market, By Offering  
 6.1 Introduction    
 6.2 Software      
  6.2.1 Parameter Calculation  
  6.2.2 Data Integration   
  6.2.3 Diagnostic Reporting  
  6.2.4 Order Tracking   
 6.3 Hardware    
  6.3.1 Vibration Sensors and Analyzers 
   6.3.1.1 Tachometers  
   6.3.1.2 Accelerometers  
   6.3.1.3 Proximity Probes  
  6.3.2 Ultrasound Detectors  
   6.3.2.1 Stethoscopes  
   6.3.2.2 Sound Pressure Meters 
   6.3.2.3 Ultrasound Leak Detectors 
  6.3.3 Spectrum Analyzers   
   6.3.3.1 Real-Time Spectrum Analyzers
   6.3.3.2 Swept Spectrum Analyzers 
  6.3.4 Corrosion Probes    
  6.3.5 Spectrometers   
   6.3.5.1 Mass Spectrometers 
   6.3.5.2 Atomic Spectrometers 
   6.3.5.3 Ultraviolet Spectrometers 
   6.3.5.4 Infrared Spectrometers 
  6.3.6 Infrared Sensors   
   6.3.6.1 Quantum Infrared Sensors 
   6.3.6.2 Thermal Infrared Sensors 
  6.3.7 Other  Hardwares   
       
7 Global Machine Condition Monitoring Market, By Deployment Type 
 7.1 Introduction    
 7.2 Cloud      
 7.3 On Premise     
       
8 Global Machine Condition Monitoring Market, By Monitoring Process 
 8.1 Introduction    
 8.2 Portable Condition Monitoring  
 8.3 Online Condition Monitoring   
       
9 Global Machine Condition Monitoring Market, By End User  
 9.1 Introduction    
 9.2 Marine      
 9.3 Oil & Gas      
 9.4 Food & Beverages     
 9.5 Power Generation     
 9.6 Automotive     
 9.7 Metals & Mining     
 9.8 Chemicals     
 9.9 Aerospace & Defense    
 9.10 Other End Users    
       
10 Global Machine Condition Monitoring Market, By Geography 
 10.1 Introduction    
 10.2 North America    
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina   
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America  
 10.6 Middle East & Africa   
  10.6.1 Saudi Arabia   
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa  
       
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    

 


List of Tables      
1 Global Machine Condition Monitoring Market Outlook, By Region (2016-2026) (US$ MN)
2 Global Machine Condition Monitoring Market Outlook, By Monitoring Technique (2016-2026) (US$ MN)
3 Global Machine Condition Monitoring Market Outlook, By Motor Current Analysis (2016-2026) (US$ MN)
4 Global Machine Condition Monitoring Market Outlook, By Ultrasound Emission Monitoring  (2016-2026) (US$ MN)
5 Global Machine Condition Monitoring Market Outlook, By Vibration Monitoring (2016-2026) (US$ MN)
6 Global Machine Condition Monitoring Market Outlook, By Thermography  (2016-2026) (US$ MN)
7 Global Machine Condition Monitoring Market Outlook, By Corrosion Monitoring (2016-2026) (US$ MN)
8 Global Machine Condition Monitoring Market Outlook, By Oil Analysis  (2016-2026) (US$ MN)
9 Global Machine Condition Monitoring Market Outlook, By Offering (2016-2026) (US$ MN)
10 Global Machine Condition Monitoring Market Outlook, By Software  (2016-2026) (US$ MN)
11 Global Machine Condition Monitoring Market Outlook, By Parameter Calculation (2016-2026) (US$ MN)
12 Global Machine Condition Monitoring Market Outlook, By Data Integration (2016-2026) (US$ MN)
13 Global Machine Condition Monitoring Market Outlook, By Diagnostic Reporting (2016-2026) (US$ MN)
14 Global Machine Condition Monitoring Market Outlook, By Order Tracking (2016-2026) (US$ MN)
15 Global Machine Condition Monitoring Market Outlook, By Hardware (2016-2026) (US$ MN)
16 Global Machine Condition Monitoring Market Outlook, By Vibration Sensors and Analyzers (2016-2026) (US$ MN)
17 Global Machine Condition Monitoring Market Outlook, By Ultrasound Detectors (2016-2026) (US$ MN)
18 Global Machine Condition Monitoring Market Outlook, By Spectrum Analyzers (2016-2026) (US$ MN)
19 Global Machine Condition Monitoring Market Outlook, By Corrosion Probes (2016-2026) (US$ MN)
20 Global Machine Condition Monitoring Market Outlook, By Spectrometers (2016-2026) (US$ MN)
21 Global Machine Condition Monitoring Market Outlook, By Infrared Sensors (2016-2026) (US$ MN)
22 Global Machine Condition Monitoring Market Outlook, By Other Hardwares (2016-2026) (US$ MN)
23 Global Machine Condition Monitoring Market Outlook, By Deployment Type (2016-2026) (US$ MN)
24 Global Machine Condition Monitoring Market Outlook, By Cloud  (2016-2026) (US$ MN)
25 Global Machine Condition Monitoring Market Outlook, By On Premise  (2016-2026) (US$ MN)
26 Global Machine Condition Monitoring Market Outlook, By Monitoring Process (2016-2026) (US$ MN)
27 Global Machine Condition Monitoring Market Outlook, By Portable Condition Monitoring (2016-2026) (US$ MN)
28 Global Machine Condition Monitoring Market Outlook, By Online Condition Monitoring (2016-2026) (US$ MN)
29 Global Machine Condition Monitoring Market Outlook, By End User (2016-2026) (US$ MN)
30 Global Machine Condition Monitoring Market Outlook, By Marine  (2016-2026) (US$ MN)
31 Global Machine Condition Monitoring Market Outlook, By Oil & Gas  (2016-2026) (US$ MN)
32 Global Machine Condition Monitoring Market Outlook, By Food & Beverages  (2016-2026) (US$ MN)
33 Global Machine Condition Monitoring Market Outlook, By Power Generation  (2016-2026) (US$ MN)
34 Global Machine Condition Monitoring Market Outlook, By Automotive  (2016-2026) (US$ MN)
35 Global Machine Condition Monitoring Market Outlook, By Metals & Mining  (2016-2026) (US$ MN)
36 Global Machine Condition Monitoring Market Outlook, By Chemicals  (2016-2026) (US$ MN)
37 Global Machine Condition Monitoring Market Outlook, By Aerospace & Defense  (2016-2026) (US$ MN)
38 Global Machine Condition Monitoring Market Outlook, By Other End Users (2016-2026) (US$ MN)
       
Note: Tables for North America, Europe, Asia Pacific, South America & Middle East & Africa, regions are also represented in the same manner as above.

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