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Machine Health Monitoring Market by Product (vibration monitoring, thermography, ultrasound emission, lubricating oil analysis, corrosion monitoring, motor current signature analysis), Component, Application and Geography – Global Forecast to 2014 - 2020

June 2014 | 321 pages | ID: M2A92253173EN
MarketsandMarkets

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Machine health monitoring is the best way of maintenance to meet the production requirements of in a timely or efficient manner. It is the process of monitoring the health of a machine with the intent to anticipate the mechanical wear and failure. Machine health monitoring is a part of predictive maintenance technique. The machine health monitoring market has a broad scope in the industry. This market is important as it projects the condition of machinery, which ensures the right maintenance is provided at the right time. Machine health monitoring provides sensory indication that components are functioning under rated capacity and provide a suitable warning if the preset standard conditions and indices are exceeded.

The Machine Health Monitoring market is segmented in terms of product type such as corrosion monitoring equipment, lubricating oil analysis equipment, motor current signature analysis, thermography equipment, ultrasound emission equipment, and vibration monitoring equipment. The report is further segmented into component type such as corrosion probes, spectrometer, spectrum analyzer, thermal camera, ultrasonic detector, vibration sensor, and others (software) used in machine health monitoring market. Also, the Machine Health Monitoring report is segmented by application such as aerospace and defense, automotive, chemicals, marine, mining, oil and gas, and Power. The report also provides geographic analysis and estimation for markets across the Americas, Europe, APAC, and the ROW.

The report includes the detailed value chain analysis of the machine health monitoring industry. It also provides the Porter’s Five Forces Analysis with description of each of its forces and their respective impact on the market. The companies included in this report are: AZIMA DLI Corp. (U.S.), Bruel & Kjaer Vibro GmbH (Denmark), Emerson Process Management (U.S.), Fluke Corp. (U.S.), GE (U.S.), Honeywell Process Solution (U.S.), National Instruments (U.S.), Parker Kittiwake (U.K.), Rockwell Automation Inc. (U.S.), SKF (Sweden) and more.

Key Takeaways
  • The total revenue of the Machine Health Monitoring market is expected to grow at an estimated CAGR of 7.16% from 2014-2020
  • Analysis of the global market with special focus on high growth applications in each verticals and fast growing market segments
  • Statistics by component, product type, application type, and geography, with a detailed classification splits by revenue
  • Porter’s analysis in detail along with the impact
  • Major market trends, drivers, restraints, and opportunities for the Machine Health Monitoring market
  • Illustrative segmentation, analysis, and forecast of the major geographic markets to give an overall view of the Machine Health Monitoring market
  • The future of Machine Health Monitoring market from technical as well as market oriented perspectives
  • Detailed competitive landscape with identification of the key players with in-depth market share analysis including individual revenue, and market share rankings.
1 INTRODUCTION

1.1 OBJECTIVES
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
  1.5.1 MARKET SIZE ESTIMATION
  1.5.2 MARKET CRACKDOWN AND DATA TRIANGULATION
  1.5.3 KEY DATA TAKEN FROM SECONDARY SOURCES
  1.5.4 KEY DATA TAKEN FROM PRIMARY SOURCES
  1.5.5 MARKET DEFINITION AND SCOPE
  1.5.6 ASSUMPTIONS
  1.5.7 LIST OF COMPANIES COVERED IN THE STUDY

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW

3.1 INTRODUCTION
3.2 MARKET DEFINITION
3.3 MARKET SEGMENTATION
3.4 HISTORY AND EVOLUTION OF MACHINE HEALTH MONITORING
3.5 STANDARDS RELATED TO MACHINE HEALTH MONITORING
  3.5.1 API
  3.5.2 ASTM
  3.5.3 ISO
  3.5.4 MIMOSA
3.6 TRENDS IN MACHINE HEALTH MONITORING
  3.6.1 DEVELOPMENT OF SMART SENSORS
  3.6.2 BUILT-IN VIBRATION SENSORS IN MACHINERY
  3.6.3 INCREASING FUNCTIONALITIES OF MACHINE HEALTH MONITORING SOFTWARE
  3.6.4 REDUCING EXPENSES FOR IMPLEMENTING MACHINE HEALTH MONITORING SYSTEMS
  3.6.5 INTERNET OF THINGS FOR MACHINE HEALTH MONITORING

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 MARKET DYNAMICS
  4.2.1 DRIVERS
    4.2.1.1 Process industry transitioning from preventive maintenance to predictive maintenance to drive growth for machine monitoring equipment
    4.2.1.2 Wireless technology transforms machine health monitoring market
    4.2.1.3 Growth in the Heating, Ventilating And Air Conditioning (HVAC) market
    4.2.1.4 Smart factory accelerates growth of machine health monitoring market
  4.2.2 RESTRAINTS
    4.2.2.1 Unpredictable maintenance periods
    4.2.2.2 Older equipment may require asset modifications to retrofit existing systems with machine health monitoring sensors
  4.2.3 OPPORTUNITIES
    4.2.3.1 Growth of wind energy will increase the demand for machine health monitoring systems
4.3 BURNING ISSUE
  4.3.1 ONLINE VS OFFLINE CONUNDRUM IN MACHINE HEALTH MONITORING
4.4 WINNING IMPERATIVE
  4.4.1 MACHINE HEALTH MONITORING USING CLOUD TECHNOLOGY
4.5 VALUE CHAIN ANALYSIS
4.6 PORTER’S FIVE FORCES MODEL
  4.6.1 THREAT FROM NEW ENTRANTS
  4.6.2 THREAT FROM SUBSTITUTES
  4.6.3 BARGAINING POWER OF SUPPLIERS
  4.6.4 BARGAINING POWER OF BUYERS
  4.6.5 DEGREE OF COMPETITION

5 MACHINE HEALTH MONITORING MARKET BY PRODUCTS

5.1 INTRODUCTION
5.2 VIBRATION MONITORING
5.3 THERMOGRAPHY
5.4 ULTRASOUND EMISSION
5.5 LUBRICATING OIL ANALYSIS
5.6 CORROSION MONITORING
5.7 MOTOR CURRENT SIGNATURE ANALYSIS

6 MACHINE HEALTH MONITORING MARKET BY COMPONENT

6.1 INTRODUCTION
6.2 VIBRATION SENSORS
  6.2.1 ACCELEROMETER
    6.2.1.1 Major companies offering accelerometers
  6.2.2 PROXIMITY PROBES
    6.2.2.1 Major companies offering proximity probes
  6.2.3 TACHOMETER
    6.2.3.1 Major companies offering tachometer
6.3 THERMAL CAMERA
  6.3.1 MAJOR PLAYERS OFFERING THERMAL CAMERA
6.4 SPECTROMETER
  6.4.1 MAJOR COMPANIES OFFERING SPECTROMETER
6.5 ULTRASOUND DETECTOR
  6.5.1 MAJOR COMPANIES OFFERING ULTRASOUND DETECTOR
6.6 CORROSION PROBES
  6.6.1 MAJOR COMPANIES OFFERING CORROSION PROBE
6.7 SPECTRUM ANALYZER
  6.7.1 MAJOR COMPANIES OFFERING SPECTRUM ANALYZER

7 MACHINE HEALTH MONITORING MARKET BY APPLICATION

7.1 INTRODUCTION
7.2 AEROSPACE & DEFENSE
7.3 AUTOMOTIVE
7.4 CHEMICALS
7.5 MARINE
7.6 MINING
7.7 OIL & GAS
7.8 POWER
7.9 OTHER APPLICATIONS

8 MACHINE HEALTH MONITORING MARKET BY GEOGRAPHY

8.1 INTRODUCTION
  8.1.1 MAJOR COMPANIES PROVIDING MACHINE HEALTH MONITORING SYSTEMS IN DIFFERENT GEOGRAPHIES
8.2 NORTH AMERICA
  8.2.1 MAJOR COMPANIES PROVIDING MACHINE HEALTH MONITORING SYSTEMS IN NORTH AMERICA
  8.2.2 U.S.
  8.2.3 CANADA
  8.2.4 MEXICO
8.3 EUROPE
  8.3.1 MAJOR COMPANIES PROVIDING MACHINE HEALTH MONITORING SYSTEMS IN EUROPE
  8.3.2 U.K.
  8.3.3 GERMANY
  8.3.4 FRANCE
  8.3.5 SPAIN
  8.3.6 ITALY
  8.3.7 REST OF EUROPE
8.4 APAC
  8.4.1 CHINA
  8.4.2 INDIA
  8.4.3 JAPAN
  8.4.4 AUSTRALIA
  8.4.5 REST OF APAC
8.5 ROW
  8.5.1 MIDDLE EAST
  8.5.2 SOUTH AMERICA
  8.5.3 AFRICA

9 COMPETITIVE LANDSCAPE

9.1 INTRODUCTION
9.2 KEY GROWTH STRATEGIES
9.3 MARKET SHARE ANALYSIS OF MAJOR MACHINE HEALTH MONITORING PROVIDERS
  9.3.1 NEW PRODUCT DEVELOPMENTS
  9.3.2 MERGERS AND ACQUISITIONS
  9.3.3 PARTNERSHIPS/AGREEMENTS/CONTRACTS/ AWARDS

10 COMPANY PROFILES

10.1 AZIMA DLI CORPORATION
  10.1.1 COMPANY SNAPSHOT
  10.1.2 PRODUCT PORTFOLIO
  10.1.3 DEVELOPMENTS
  10.1.4 MNM VIEW
10.2 BRUEL & KJAER
  10.2.1 COMPANY SNAPSHOT
  10.2.2 PRODUCT PORTFOLIO
  10.2.3 DEVELOPMENTS
  10.2.4 MNM VIEW
10.3 CTRL SYSTEMS, INC.
  10.3.1 COMPANY SNAPSHOT
  10.3.2 PRODUCT PORTFOLIO
  10.3.3 DEVELOPMENTS
  10.3.4 MNM VIEW
10.4 EMERSON PROCESS MANAGEMENT
  10.4.1 COMPANY SNAPSHOT
  10.4.2 PRODUCT PORTFOLIO
  10.4.3 DEVELOPMENTS
  10.4.4 SWOT ANALYSIS
  10.4.5 MNM VIEW
10.5 FLUKE CORPORATION
  10.5.1 COMPANY SNAPSHOT
  10.5.2 PRODUCT PORTFOLIO
  10.5.3 DEVELOPMENTS
  10.5.4 MNM VIEW
10.6 GENERAL ELECTRIC COMPANY
  10.6.1 COMPANY SNAPSHOT
  10.6.2 PRODUCT PORTFOLIO
  10.6.3 DEVELOPMENTS
  10.6.4 SWOT ANALYSIS
  10.6.5 MNM VIEW
10.7 HONEYWELL INTERNATIONAL, INC.
  10.7.1 COMPANY SNAPSHOT
  10.7.2 PRODUCT PORTFOLIO
  10.7.3 DEVELOPMENTS
  10.7.4 SWOT ANALYSIS
  10.7.5 MNM VIEW
10.8 NATIONAL INSTRUMENTS CORPORATION
  10.8.1 COMPANY SNAPSHOT
  10.8.2 PRODUCT PORTFOLIO
  10.8.3 DEVELOPMENTS
  10.8.4 MNM VIEW
10.9 PARKER HANNIFIN CORPORATION
  10.9.1 COMPANY SNAPSHOT
  10.9.2 PRODUCT PORTFOLIO
  10.9.3 DEVELOPMENTS
  10.9.4 SWOT ANALYSIS
  10.9.5 MNM VIEW
10.1 ROCKWELL AUTOMATION, INC.
  10.10.1 COMPANY SNAPSHOT
  10.10.2 PRODUCT PORTFOLIO
  10.10.3 DEVELOPMENTS
  10.10.4 SWOT ANALYSIS
  10.10.5 MNM VIEW
10.11 SCANIMETRICS
  10.11.1 COMPANY SNAPSHOT
  10.11.2 PRODUCT PORTFOLIO
  10.11.3 DEVELOPMENTS
  10.11.4 MNM VIEW
10.12 SKF AB
  10.12.1 COMPANY SNAPSHOT
  10.12.2 PRODUCT PORTFOLIO
  10.12.3 DEVELOPMENTS
  10.12.4 MNM VIEW

LIST OF TABLES

TABLE 1 MARKET DEFINITION AND SCOPE
TABLE 2 GENERAL ASSUMPTIONS, TERMINOLOGY, AND APPLICATION KEY NOTES
TABLE 3 MACHINE HEALTH MONITORING: LIST OF COMPANIES COVERED
TABLE 4 GLOBAL MACHINE HEALTH MONITORING MARKET SIZE, BY PRODUCT, 2013-2020 ($MILLION)
TABLE 5 GLOBAL MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 6 GLOBAL MACHINE HEALTH MONITORING MARKET SIZE, BY GEOGRAPHY 2013-2020 ($MILLION)
TABLE 7 EARLY WARNING SIGNS FOR MACHINE BREAKDOWN
TABLE 8 MARKET DRIVERS: IMPACT ANALYSIS
TABLE 9 MARKET RESTRAINTS: IMPACT ANALYSIS
TABLE 10 GLOBAL MACHINE HEALTH MONITORING MARKET SIZE, BY PRODUCT, 2013-2020 ($MILLION)
TABLE 11 GLOBAL VIBRATION MONITORING MARKET SIZE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 12 GLOBAL THERMOGRAPHY MARKET SIZE,BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 13 GLOBAL ULTRASONIC EMISSION MARKET SIZE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 14 GLOBAL LUBRICANT OIL ANALYSIS MARKET SIZE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 15 GLOBAL CORROSION MONITORING MARKET SIZE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 16 GLOBAL MCSA MARKET SIZE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 17 GLOBAL MACHINE HEALTH MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 18 GLOBAL VIBRATION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 19 NORTH AMERICA VIBRATION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 20 EUROPE VIBRATION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 21 APAC VIBRATION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 22 ROW VIBRATION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 23 GLOBAL THERMOGRAPHY MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 24 NORTH AMERICA THERMOGRAPHY MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 25 EUROPE THERMOGRAPHY MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 26 APAC THERMOGRAPHY MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 27 ROW THERMOGRAPHY MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 28 GLOBAL LUBRICANT OIL ANALYSIS MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 29 NORTH AMERICA LUBRICANT OIL ANALYSIS MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 30 EUROPE LUBRICANT OIL ANALYSIS MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 31 APAC LUBRICANT OIL ANALYSIS MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 32 ROW LUBRICANT OIL ANALYSIS MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 33 GLOBAL ULTRASONIC EMISSION MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 34 NORTH AMERICA ULTRASONIC EMISSION MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 35 EUROPE ULTRASONIC EMISSION MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 36 APAC ULTRASONIC EMISSION MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 37 ROW ULTRASONIC EMISSION MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 38 GLOBAL CORROSION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 39 NORTH AMERICA CORROSION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 40 EUROPE CORROSION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 41 APAC CORROSION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 42 ROW CORROSION MONITORING MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 43 GLOBAL MCSA MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 44 NORTH AMERICA MCSA MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 45 EUROPE MCSA MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 46 APAC MCSA MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 47 ROW MCSA MARKET SIZE, BY COMPONENTS, 2013-2020 ($MILLION)
TABLE 48 GLOBAL MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 49 MACHINE HEALTH MONITORING MARKET SIZE FOR AEROSPACE & DEFENSE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 50 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE FOR AEROSPACE & DEFENSE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 51 EUROPE MACHINE HEALTH MONITORING MARKET SIZE FOR AEROSPACE & DEFENSE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 52 APAC MACHINE HEALTH MONITORING MARKET SIZE FOR AEROSPACE & DEFENSE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 53 ROW MACHINE HEALTH MONITORING MARKET SIZE FOR AEROSPACE & DEFENSE, BY REGION, 2013-2020 ($MILLION)
TABLE 54 MACHINE HEALTH MONITORING MARKET SIZE FOR AUTOMOTIVE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 55 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE FOR AUTOMOTIVE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 56 EUROPE MACHINE HEALTH MONITORING MARKET SIZE FOR AUTOMOTIVE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 57 APAC MACHINE HEALTH MONITORING MARKET SIZE FOR AUTOMOTIVE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 58 ROW MACHINE HEALTH MONITORING MARKET SIZE FOR AUTOMOTIVE, BY REGION, 2013-2020 ($MILLION)
TABLE 59 MACHINE HEALTH MONITORING MARKET SIZE FOR CHEMICALS, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 60 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE FOR CHEMICALS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 61 EUROPE MACHINE HEALTH MONITORING MARKET SIZE FOR CHEMICALS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 62 APAC MACHINE HEALTH MONITORING MARKET SIZE FOR CHEMICALS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 63 ROW MACHINE HEALTH MONITORING MARKET SIZE FOR CHEMICALS, BY REGION, 2013-2020 ($MILLION)
TABLE 64 MACHINE HEALTH MONITORING MARKET SIZE FOR MARINE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 65 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE FOR MARINE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 66 EUROPE MACHINE HEALTH MONITORING MARKET SIZE FOR MARINE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 67 APAC MACHINE HEALTH MONITORING MARKET SIZE FOR MARINE, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 68 ROW MACHINE HEALTH MONITORING MARKET SIZE FOR MARINE, BY REGION, 2013-2020 ($MILLION)
TABLE 69 MACHINE HEALTH MONITORING MARKET SIZE FOR MINING, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 70 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE FOR MINING, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 71 EUROPE MACHINE HEALTH MONITORING MARKET SIZE FOR MINING, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 72 APAC MACHINE HEALTH MONITORING MARKET SIZE FOR MINING, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 73 ROW MACHINE HEALTH MONITORING MARKET SIZE FOR MINING, BY REGION, 2013-2020 ($MILLION)
TABLE 74 MACHINE HEALTH MONITORING MARKET SIZE FOR OIL & GAS, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 75 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE FOR OIL & GAS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 76 EUROPE MACHINE HEALTH MONITORING MARKET SIZE FOR OIL & GAS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 77 APAC MACHINE HEALTH MONITORING MARKET SIZE FOR OIL & GAS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 78 ROW MACHINE HEALTH MONITORING MARKET SIZE FOR OIL & GAS, BY REGION, 2013-2020 ($MILLION)
TABLE 79 MACHINE HEALTH MONITORING MARKET SIZE FOR POWER, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 80 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE FOR POWER, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 81 EUROPE MACHINE HEALTH MONITORING MARKET SIZE FOR POWER, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 82 APAC MACHINE HEALTH MONITORING MARKET SIZE FOR POWER, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 83 ROW MACHINE HEALTH MONITORING MARKET SIZE FOR POWER, BY REGION, 2013-2020 ($MILLION)
TABLE 84 MACHINE HEALTH MONITORING MARKET SIZE FOR OTHER APPLICATIONS, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 85 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE FOR OTHER APPLICATIONS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 86 EUROPE MACHINE HEALTH MONITORING MARKET SIZE FOR OTHER APPLICATIONS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 87 APAC MACHINE HEALTH MONITORING MARKET SIZE FOR OTHER APPLICATIONS, BY COUNTRY, 2013-2020 ($MILLION)
TABLE 88 ROW MACHINE HEALTH MONITORING MARKET SIZE FOR OTHER APPLICATIONS, BY REGION, 2013-2020 ($MILLION)
TABLE 89 GLOBAL MACHINE HEALTH MONITORING MARKET SIZE, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 90 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE, BY PRODUCT, 2013-2020 ($MILLION)
TABLE 91 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE, BY COMPONENT, 2013-2020 ($MILLION)
TABLE 92 NORTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 93 U.S. MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 94 CANADA MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 95 MEXICO MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 96 EUROPE MACHINE HEALTH MONITORING MARKET SIZE, BY PRODUCT, 2013-2020 ($MILLION)
TABLE 97 EUROPE MACHINE HEALTH MONITORING MARKET SIZE, BY COMPONENT, 2013-2020 ($MILLION)
TABLE 98 EUROPE MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 99 U.K. MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 100 GERMANY MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 101 FRANCE MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 102 SPAIN MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 103 ITALY MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 104 REST OF EUROPE MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 105 APAC MACHINE HEALTH MONITORING MARKET SIZE, BY PRODUCT, 2013-2020 ($MILLION)
TABLE 106 APAC MACHINE HEALTH MONITORING MARKET SIZE, BY COMPONENT, 2013-2020 ($MILLION)
TABLE 107 APAC MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 108 CHINA MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 109 INDIA MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 110 JAPAN MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 111 AUSTRALIA MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 112 REST OF APAC MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 113 ROW MACHINE HEALTH MONITORING MARKET SIZE, BY PRODUCT, 2013-2020 ($MILLION)
TABLE 114 ROW MACHINE HEALTH MONITORING MARKET SIZE, BY COMPONENT, 2013-2020 ($MILLION)
TABLE 115 ROW MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 116 MIDDLE EAST MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 117 SOUTH AMERICA MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 118 AFRICA MACHINE HEALTH MONITORING MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 119 MACHINE HEALTH MONITORING: NEW PRODUCT DEVELOPMENTS
TABLE 120 MACHINE HEALTH MONITORING: MERGERS AND ACQUISITIONS
TABLE 121 MACHINE HEALTH MONITORING: PARTNERSHIPS/AGREEMENTS/CONTRACTS/AWARDS
TABLE 122 AZIMA DLI CORPORATION: COMPANY SNAPSHOT
TABLE 123 BRUEL & KJAER: COMPANY SNAPSHOT
TABLE 124 CTRL SYSTEMS, INC. : COMPANY SNAPSHOT
TABLE 125 FLUKE CORPORATION: COMPANY SNAPSHOT
TABLE 126 SCANIMETRICS : COMPANY SNAPSHOT

Machine health monitoring is a procedure in predictive maintenance which deals with preventing an impending failure. It provides the manufacturing unit with the capability for improved production rate by eliminating machinery downtime and reducing the maintenance and operational costs. Operational equipment is susceptible to many types of errors and faults. Therefore, it becomes important to monitor changes in equipment with respect to certain parameters like vibration, temperature, voltage, current, pressure, flow, and several other parameters. The advantage of fault diagnosis using machine health monitoring is that it alerts the maintenance personnel about an impending failure so that he can take a corrective action to avoid it. Thus, it prevents an unplanned outage and production loss, reduces the repair costs, and increases the safety of machinery and people.

The need for mechanism to predict equipment failures, achieving reduction in frequency and severity of outages, maximizing the component life and equipment performance through effective scheduling of maintenance programs are some of the drivers accelerating the growth of the machine health monitoring market. Some of the other drivers for this market are ensuring the safety of people and machinery, and the reducing costs of machine health monitoring equipment. Some of the concerns for this market could be, the unpredictable nature of maintenance schedules, gaining return on investments on the installation of machine health monitoring systems, and the possibility of requiring asset modifications to accommodate machine health monitoring sensors.

In this report, global machine health monitoring market is broadly classified on the basis of products, components, industry verticals, and geography. The product segment comprises of corrosion monitoring equipment, lubricating oil analysis equipment, motor current signature analysis, thermography equipment, ultrasound emission equipment, and vibration monitoring equipment. Among different products, vibration monitoring equipment is widely used in industries. The global machine health monitoring market by component comprises of accelerometer, eddy current sensor, IR (Infrared) detector, proximity probes, tachometer, ultrasound detector and others.

The major industry verticals where machine health monitoring is being employed include aerospace and defense, automotive, chemicals, marine, mining, oil & gas, and power. The market is also categorized into four major geographic regions, namely North America, Europe, APAC, and RoW.  

This report also presents a detailed overview of the overall machine health monitoring market by enveloping all the major market segments, with a detailed qualitative analysis at each and every phase of segmentation. All the numbers are forecast from 2014 till 2020, to give the glimpse of the potential revenue in this market within this period.  

The major players in the global machine health monitoring market are Emerson Process Management (U.S.), Parker Hannifin Corporation (U.S.), General Electric Company (U.S.), Rockwell Automation (U.S.), SKF (Sweden), Bruel & Kaejr (Denmark), Honeywell (U.S.), and National Instruments (U.S.) among others.



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