Condition Monitoring Equipment - Global Market Outlook (2017-2026)
Condition Monitoring Equipment - Global Market Outlook (2017-2026)
Published: January 2019 ID: SMRC17892

According to Stratistics MRC, the Global Condition Monitoring Equipment Market is accounted for $1.70 billion in 2017 and is expected to reach $3.28 billion by 2026 growing at a CAGR of 7.6% during the forecast period. Some of the key factors propelling the market growth are rise in smart factories to protect the expensive machinery against any damage. However, unpredictable maintenance time frame and up gradation of outdated equipment hampering the market growth. Furthermore, rising demand of wind energy, wind turbines are remotely operated and are exposed to harsh and variable weather conditions are growing opportunities for the market.

Condition monitoring is the monitoring process of a set of conditions in machines. It is used to recognize significant change to indicate the fault. This is one of the major components of predictive maintenance. The condition monitoring allows scheduled maintenance and other actions to be taken so as to avoid failure. This equipment is used in rotating equipment and different types of machinery which includes electric motors, pumps, and presses. To identify the problems and preventing problems, machine conditioning equipment is one of the most effective maintenance tools.

Based on sensors and signals, accelerometers segment is projected to be the growing segment mainly attributed to high sensitivity, frequency response and the use of accelerometers in the end use industries such as automotive, consumer electronics, healthcare and aerospace, and defense have further boosted the growth of the market.

By geography, the Asia Pacific provides potential growth opportunities owing to economic growth and a significant rise in industrialization in this region. Additionally, the Japan market is owing to constant growth in adopting factory advanced technologies.

Some of the key players in Condition Monitoring Equipment market include IFM electronic Gmbh, Brüel & Kjær Vibro GmbH, Emerson Electric Co, FLIR Systems, Inc, Fluke Corporation, General Electric, Baumer, Bachmann electronic GmbH, Azima DLI Corp., PRÜFTECHNIK Dieter Busch AG., Parker Kittiwake, ALS Ltd., Meggitt PLC, National Instruments, Siemens AG, Schneider Electric, Schaeffler Technologies AG, Parker Hannifin Corporation, Rockwell Automation, Inc., SKF Group, Vibrotech Reliability Services Limited, The IKM Group, and The Emerson Electric Company.

Types Covered:
• Factory Assurance Test
• Online Machine Monitoring
• Online Machine Protection
• Portable Machine Diagnostics
• Route-Based Monitoring

Sensors and Signals Covered:
• Accelerometers
• Proximity Probes
• Spectrometer
• Tachometers
• Temperature Probes
• Thermal Camera

Technologies Covered:
• Vibration Analysis
• Ultrasound Testing
• Thermography Equipment 
• Motor Condition Monitoring
• Lubricant Analysis
• Infrared Thermography
• Corrosion monitoring
• Other Technologies

End Users Covered:
• Oil & Gas
• Energy & Power
• Chemicals
• Automotive
• Process and Manufacturing
• Transportation
• 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
- 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 analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
    o Comprehensive profiling of additional market players (up to 3)
    o SWOT Analysis of key players (up to 3)
• Regional Segmentation
    o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
    o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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 Technology Analysis 
 3.7 End User Analysis  
 3.8 Emerging Markets  
 3.9 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 Condition Monitoring Equipment Market, By Type
 5.1 Introduction  
 5.2 Factory Assurance Test 
 5.3 Online Machine Monitoring 
 5.4 Online Machine Protection 
 5.5 Portable Machine Diagnostics 
 5.6 Route-Based Monitoring 
     
6 Global Condition Monitoring Equipment Market, By Sensors and Signals
 6.1 Introduction  
 6.2 Accelerometers  
 6.3 Proximity Probes  
 6.4 Spectrometer  
 6.5 Tachometers  
 6.6 Temperature Probes 
 6.7 Thermal Camera  
     
7 Global Condition Monitoring Equipment Market, By Technology
 7.1 Introduction  
 7.2 Vibration Analysis  
 7.3 Ultrasound Testing  
 7.4 Thermography Equipment   
 7.5 Motor Condition Monitoring 
 7.6 Lubricant Analysis  
 7.7 Infrared Thermography 
 7.8 Corrosion monitoring 
 7.9 Other Technologies  
  7.9.1 Online Systems 
  7.9.2 Handheld Tools 
     
8 Global Condition Monitoring Equipment Market, By End User
 8.1 Introduction  
 8.2 Oil & Gas   
 8.3 Energy & Power  
 8.4 Chemicals  
 8.5 Automotive  
 8.6 Process and Manufacturing 
 8.7 Transportation  
 8.8 Other End Users  
  8.8.1 Pulp & Paper 
  8.8.2 Metal & Mining 
  8.8.3 Aerospace & Defense
     
9 Global Condition Monitoring Equipment Market, By Geography
 9.1 Introduction  
 9.2 North America  
  9.2.1 US  
  9.2.2 Canada  
  9.2.3 Mexico  
 9.3 Europe   
  9.3.1 Germany  
  9.3.2 UK  
  9.3.3 Italy  
  9.3.4 France  
  9.3.5 Spain  
  9.3.6 Rest of Europe 
 9.4 Asia Pacific  
  9.4.1 Japan  
  9.4.2 China  
  9.4.3 India  
  9.4.4 Australia  
  9.4.5 New Zealand 
  9.4.6 South Korea 
  9.4.7 Rest of Asia Pacific 
 9.5 South America  
  9.5.1 Argentina 
  9.5.2 Brazil  
  9.5.3 Chile  
  9.5.4 Rest of South America
 9.6 Middle East & Africa 
  9.6.1 Saudi Arabia 
  9.6.2 UAE  
  9.6.3 Qatar  
  9.6.4 South Africa 
  9.6.5 Rest of Middle East & Africa
     
10 Key Developments   
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers 
 10.3 New Product Launch 
 10.4 Expansions  
 10.5 Other Key Strategies 
     
11 Company Profiling   
 11.1 IFM electronic Gmbh 
 11.2 Brüel & Kjær Vibro GmbH 
 11.3 Emerson Electric Co                               
 11.4 FLIR Systems, Inc                   
 11.5 Fluke Corporation                   
 11.6 General Electric  
 11.7 Baumer                      
 11.8 Bachmann electronic GmbH 
 11.9 Azima DLI Corp.  
 11.10 PRÜFTECHNIK Dieter Busch AG.
 11.11 Parker Kittiwake  
 11.12 ALS Ltd.   
 11.13 Meggitt PLC  
 11.14 National Instruments 
 11.15 Siemens AG  
 11.16 Schneider Electric  
 11.17 Schaeffler Technologies AG 
 11.18 Parker Hannifin Corporation 
 11.19 Rockwell Automation, Inc. 
 11.20 SKF Group  
 11.21 Vibrotech Reliability Services Limited
 11.22 The IKM Group  
 11.23 The Emerson Electric Company


List of Tables    
1 Global Condition Monitoring Equipment Market Outlook, By Region (2016-2026) ($MN)
2 Global Condition Monitoring Equipment Market Outlook, By Type (2016-2026) ($MN)
3 Global Condition Monitoring Equipment Market Outlook, By Factory Assurance Test (2016-2026) ($MN)
4 Global Condition Monitoring Equipment Market Outlook, By Online Machine Monitoring (2016-2026) ($MN)
5 Global Condition Monitoring Equipment Market Outlook, By Online Machine Protection (2016-2026) ($MN)
6 Global Condition Monitoring Equipment Market Outlook, By Portable Machine Diagnostics (2016-2026) ($MN)
7 Global Condition Monitoring Equipment Market Outlook, By Route-Based Monitoring (2016-2026) ($MN)
8 Global Condition Monitoring Equipment Market Outlook, By Sensors and Signals (2016-2026) ($MN)
9 Global Condition Monitoring Equipment Market Outlook, By Accelerometers (2016-2026) ($MN)
10 Global Condition Monitoring Equipment Market Outlook, By Proximity Probes (2016-2026) ($MN)
11 Global Condition Monitoring Equipment Market Outlook, By Spectrometer (2016-2026) ($MN)
12 Global Condition Monitoring Equipment Market Outlook, By Tachometers (2016-2026) ($MN)
13 Global Condition Monitoring Equipment Market Outlook, By Temperature Probes (2016-2026) ($MN)
14 Global Condition Monitoring Equipment Market Outlook, By Thermal Camera (2016-2026) ($MN)
15 Global Condition Monitoring Equipment Market Outlook, By Technology (2016-2026) ($MN)
16 Global Condition Monitoring Equipment Market Outlook, By Vibration Analysis (2016-2026) ($MN)
17 Global Condition Monitoring Equipment Market Outlook, By Ultrasound Testing (2016-2026) ($MN)
18 Global Condition Monitoring Equipment Market Outlook, By Thermography Equipment (2016-2026) ($MN)
19 Global Condition Monitoring Equipment Market Outlook, By Motor Condition Monitoring (2016-2026) ($MN)
20 Global Condition Monitoring Equipment Market Outlook, By Lubricant Analysis (2016-2026) ($MN)
21 Global Condition Monitoring Equipment Market Outlook, By Infrared Thermography (2016-2026) ($MN)
22 Global Condition Monitoring Equipment Market Outlook, By Corrosion monitoring (2016-2026) ($MN)
23 Global Condition Monitoring Equipment Market Outlook, By Other Technologies (2016-2026) ($MN)
24 Global Condition Monitoring Equipment Market Outlook, By Online Systems (2016-2026) ($MN)
25 Global Condition Monitoring Equipment Market Outlook, By Handheld Tools (2016-2026) ($MN)
26 Global Condition Monitoring Equipment Market Outlook, By End User (2016-2026) ($MN)
27 Global Condition Monitoring Equipment Market Outlook, By Oil & Gas (2016-2026) ($MN)
28 Global Condition Monitoring Equipment Market Outlook, By Energy & Power (2016-2026) ($MN)
29 Global Condition Monitoring Equipment Market Outlook, By Chemicals (2016-2026) ($MN)
30 Global Condition Monitoring Equipment Market Outlook, By Automotive (2016-2026) ($MN)
31 Global Condition Monitoring Equipment Market Outlook, By Process and Manufacturing (2016-2026) ($MN)
32 Global Condition Monitoring Equipment Market Outlook, By Transportation (2016-2026) ($MN)
33 Global Condition Monitoring Equipment Market Outlook, By Other End Users (2016-2026) ($MN)
34 Global Condition Monitoring Equipment Market Outlook, By Pulp & Paper (2016-2026) ($MN)
35 Global Condition Monitoring Equipment Market Outlook, By Metal & Mining (2016-2026) ($MN)
36 Global Condition Monitoring Equipment Market Outlook, By Aerospace & Defense (2016-2026) ($MN)
        
NOTE: Tables for North America, Europe, Asia Pacific,  South America, Middle East & Africa are represented in the same manner above.

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