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Machine Condition Monitoring - Global Market Outlook (2020-2028)

July 2021 | 150 pages | ID: M1489A7F3BAEN
Stratistics Market Research Consulting

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According to Stratistics MRC, the Global Machine Condition Monitoring Market is accounted for $2.44 billion in 2020 and is expected to reach $4.85 billion by 2028 growing at a CAGR of 9.0% during the forecast period. Increasing adoption of wireless communication technology, deployment of automated condition monitoring technologies in smart factories and preference toward predictive maintenance of industrial machinery are driving the market growth. However, lack of trained technical resources for data analysis and reliability issues in prediction capabilities are hampering the growth of the market.

Machine condition monitoring is a process of monitoring the condition of a machine, intent to predict mechanical wear and failure. This monitoring system is one of the finest methods of maintenance in order to meet up the necessities of production. This system provides an early warning system for the machines to detect damage in correct time and helps to prevent further consequential damage. It offers conditions of machinery which make certain about the right maintenance provided and at the right time.

Based on the monitoring process, the online condition monitoring segment is going to have lucrative growth during the forecast period as it is an advanced monitoring process and provides real-time plant data to operators, resulting in its higher adoption. Online vibration monitoring systems have applications in industries where a 24-hour production is required. By geography, North America is going to have high growth during the forecast period owing to the implementation of automation technologies in the factories and penetration of the smart factories, increasing expansions of the manufacturing industries in Canada and the rise in the expansion of production plants with automation.

Some of the key players profiled in the Machine Condition Monitoring Market include General Electric Co., Thermo Fisher Scientific Inc., SKF AB, Rockwell Automation Inc., Perkin Elmer Inc., Azima DLI Corporation, Nippon Avionics Co., Ltd., Fluke Corporation, Meggitt Sensing Systems (Meggitt PLC), Honeywell International Inc., GE Bently Nevada, AMETEK Spectro Scientific, Parker Kittiwake (PARKER HANNIFIN CORP.), Gastops Ltd, FLIR Systems Inc., Emerson Electric Co., Bru?el & Kjaer Vibro and National Instruments Corp.

Monitoring Techniques Covered:
  • Vibration Monitoring
  • Ultrasound Emission
  • Motor Current Analysis
  • Lubricating Oil Analysis
  • Infrared Thermography
  • Corrosion Monitoring
  • Acoustic Emission
Offerings Covered:
  • Software
  • Hardware
  • Services
Deployment Types Covered:
  • On-premises
  • Cloud
Monitoring Processes Covered:
  • Portable Condition Monitoring
  • Online Condition Monitoring
End Users Covered:
  • Steel, Metals and Mining
  • Pharmaceutical
  • Oil & Gas
  • Marine
  • Aerospace & Defense
  • Food & Beverages
  • Energy and Power Generation
  • Construction
  • Manufacturing
  • Automotive
  • Chemicals
  • 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
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • 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
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • 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 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

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 Vibration Monitoring
  5.2.1 Vibration Analyzers And Meters
  5.2.2 Embedded Systems
5.3 Ultrasound Emission
5.4 Motor Current Analysis
5.5 Lubricating Oil Analysis
5.6 Infrared Thermography
5.7 Corrosion Monitoring
5.8 Acoustic Emission

6 GLOBAL MACHINE CONDITION MONITORING MARKET, BY OFFERING

6.1 Introduction
6.2 Software
  6.2.1 Diagnostic Reporting
  6.2.2 Parameter Calculation
  6.2.3 Order Tracking Analysis
  6.2.4 Data Integration
6.3 Hardware
  6.3.1 Infrared Sensors
    6.3.1.1 Quantum Infrared Sensors
    6.3.1.2 Thermal Infrared Sensors
  6.3.2 Ultrasound Detectors
    6.3.2.1 Ultrasonic Leak Detectors
    6.3.2.2 Stethoscopes
    6.3.2.3 Sound Pressure Meters
  6.3.3 Vibration Sensors
    6.3.3.1 Tachometers
    6.3.3.2 Proximity Probes
    6.3.3.3 Accelerometers
  6.3.4 Spectrometers
    6.3.4.1 Ultraviolet Spectrometers
    6.3.4.2 Mass Spectrometers
    6.3.4.3 Infrared Spectrometers
    6.3.4.4 Atomic Spectrometers
  6.3.5 Spectrum Analyzers
    6.3.5.1 Swept Spectrum Analyzers
    6.3.5.2 Real-time Spectrum Analyzers
  6.3.6 Corrosion Probes
6.4 Services
  6.4.1 Remote Monitoring Services
  6.4.2 Machinery Diagnostics Services
  6.4.3 Instrumentation Maintenance Services

7 GLOBAL MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT TYPE

7.1 Introduction
7.2 On-premises
7.3 Cloud

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 Steel, Metals and Mining
9.3 Pharmaceutical
9.4 Oil & Gas
9.5 Marine
9.6 Aerospace & Defense
9.7 Food & Beverages
9.8 Energy and Power Generation
9.9 Construction
9.10 Manufacturing
9.11 Automotive
9.12 Chemicals
9.13 Other End Users
  9.13.1 Semiconductor & Electronics
  9.13.2 Paper & Pulp
  9.13.3 Healthcare
  9.13.4 Cement

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 General Electric Co.
12.2 Thermo Fisher Scientific Inc.
12.3 SKF AB
12.4 Rockwell Automation Inc.
12.5 Perkin Elmer Inc.
12.6 Azima DLI Corporation
12.7 Nippon Avionics Co., Ltd.
12.8 Fluke Corporation
12.9 Meggitt Sensing Systems (Meggitt PLC)
12.10 Honeywell International Inc.
12.11 GE Bently Nevada
12.12 AMETEK Spectro Scientific
12.13 Parker Kittiwake (PARKER HANNIFIN CORP.)
12.14 Gastops Ltd
12.15 FLIR Systems Inc.
12.16 Emerson Electric Co.
12.17 Bru?el & Kjaer Vibro
12.18 National Instruments Corp.

LIST OF TABLES

Table 1 Global Machine Condition Monitoring Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Machine Condition Monitoring Market Outlook, By Monitoring Technique (2019-2028) ($MN)
Table 3 Global Machine Condition Monitoring Market Outlook, By Vibration Monitoring (2019-2028) ($MN)
Table 4 Global Machine Condition Monitoring Market Outlook, By Vibration Analyzers And Meters (2019-2028) ($MN)
Table 5 Global Machine Condition Monitoring Market Outlook, By Embedded Systems (2019-2028) ($MN)
Table 6 Global Machine Condition Monitoring Market Outlook, By Ultrasound Emission (2019-2028) ($MN)
Table 7 Global Machine Condition Monitoring Market Outlook, By Motor Current Analysis (2019-2028) ($MN)
Table 8 Global Machine Condition Monitoring Market Outlook, By Lubricating Oil Analysis (2019-2028) ($MN)
Table 9 Global Machine Condition Monitoring Market Outlook, By Infrared Thermography (2019-2028) ($MN)
Table 10 Global Machine Condition Monitoring Market Outlook, By Corrosion Monitoring (2019-2028) ($MN)
Table 11 Global Machine Condition Monitoring Market Outlook, By Acoustic Emission (2019-2028) ($MN)
Table 12 Global Machine Condition Monitoring Market Outlook, By Offering (2019-2028) ($MN)
Table 13 Global Machine Condition Monitoring Market Outlook, By Software (2019-2028) ($MN)
Table 14 Global Machine Condition Monitoring Market Outlook, By Diagnostic Reporting (2019-2028) ($MN)
Table 15 Global Machine Condition Monitoring Market Outlook, By Parameter Calculation (2019-2028) ($MN)
Table 16 Global Machine Condition Monitoring Market Outlook, By Order Tracking Analysis (2019-2028) ($MN)
Table 17 Global Machine Condition Monitoring Market Outlook, By Data Integration (2019-2028) ($MN)
Table 18 Global Machine Condition Monitoring Market Outlook, By Hardware (2019-2028) ($MN)
Table 19 Global Machine Condition Monitoring Market Outlook, By Infrared Sensors (2019-2028) ($MN)
Table 20 Global Machine Condition Monitoring Market Outlook, By Ultrasound Detectors (2019-2028) ($MN)
Table 21 Global Machine Condition Monitoring Market Outlook, By Vibration Sensors (2019-2028) ($MN)
Table 22 Global Machine Condition Monitoring Market Outlook, By Spectrometers (2019-2028) ($MN)
Table 23 Global Machine Condition Monitoring Market Outlook, By Spectrum Analyzers (2019-2028) ($MN)
Table 24 Global Machine Condition Monitoring Market Outlook, By Corrosion Probes (2019-2028) ($MN)
Table 25 Global Machine Condition Monitoring Market Outlook, By Services (2019-2028) ($MN)
Table 26 Global Machine Condition Monitoring Market Outlook, By Remote Monitoring Services (2019-2028) ($MN)
Table 27 Global Machine Condition Monitoring Market Outlook, By Machinery Diagnostics Services (2019-2028) ($MN)
Table 28 Global Machine Condition Monitoring Market Outlook, By Instrumentation Maintenance Services (2019-2028) ($MN)
Table 29 Global Machine Condition Monitoring Market Outlook, By Deployment Type (2019-2028) ($MN)
Table 30 Global Machine Condition Monitoring Market Outlook, By On-premises (2019-2028) ($MN)
Table 31 Global Machine Condition Monitoring Market Outlook, By Cloud (2019-2028) ($MN)
Table 32 Global Machine Condition Monitoring Market Outlook, By Monitoring Process (2019-2028) ($MN)
Table 33 Global Machine Condition Monitoring Market Outlook, By Portable Condition Monitoring (2019-2028) ($MN)
Table 34 Global Machine Condition Monitoring Market Outlook, By Online Condition Monitoring (2019-2028) ($MN)
Table 35 Global Machine Condition Monitoring Market Outlook, By End User (2019-2028) ($MN)
Table 36 Global Machine Condition Monitoring Market Outlook, By Steel, Metals and Mining (2019-2028) ($MN)
Table 37 Global Machine Condition Monitoring Market Outlook, By Pharmaceutical (2019-2028) ($MN)
Table 38 Global Machine Condition Monitoring Market Outlook, By Oil & Gas (2019-2028) ($MN)
Table 39 Global Machine Condition Monitoring Market Outlook, By Marine (2019-2028) ($MN)
Table 40 Global Machine Condition Monitoring Market Outlook, By Aerospace & Defense (2019-2028) ($MN)
Table 41 Global Machine Condition Monitoring Market Outlook, By Food & Beverages (2019-2028) ($MN)
Table 42 Global Machine Condition Monitoring Market Outlook, By Energy and Power Generation (2019-2028) ($MN)
Table 43 Global Machine Condition Monitoring Market Outlook, By Construction (2019-2028) ($MN)
Table 44 Global Machine Condition Monitoring Market Outlook, By Manufacturing (2019-2028) ($MN)
Table 45 Global Machine Condition Monitoring Market Outlook, By Automotive (2019-2028) ($MN)
Table 46 Global Machine Condition Monitoring Market Outlook, By Chemicals (2019-2028) ($MN)
Table 47 Global Machine Condition Monitoring Market Outlook, By Other End Users (2019-2028) ($MN)
Table 48 Global Machine Condition Monitoring Market Outlook, By Semiconductor & Electronics (2019-2028) ($MN)
Table 49 Global Machine Condition Monitoring Market Outlook, By Paper & Pulp (2019-2028) ($MN)
Table 50 Global Machine Condition Monitoring Market Outlook, By Healthcare (2019-2028) ($MN)
Table 51 Global Machine Condition Monitoring Market Outlook, By Cement (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.


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