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Global Machine Condition Monitoring Market Analysis & Trends - Industry Forecast to 2027

Global Machine Condition Monitoring Market Analysis & Trends - Industry Forecast to 2027

The Global Machine Condition Monitoring Market is poised to grow strong during the forecast period 2017 to 2027. Some of the prominent trends that the market is witnessing include increasing demand for vibration monitoring through wireless systems, rising online machine condition monitoring in developing nations and integration of IoT machine condition monitoring.

Based on monitoring type, market is segmented into corrosion monitoring, infrared thermography, lubricating oil analysis, Motor Current Signature Analysis (MCSA), ultrasound emission and vibration monitoring. Depending on monitoring process, market is classified into online condition monitoring and portable condition monitoring.

On the basis of offering, market is classified into software and hardware. Further, software offerings are sub segmented into diagnostic reporting, parameter calculation, data integration and order tracking analysis, and Hardware Offerings are sub classified into ultrasound detectors, corrosion probes, infrared sensors, spectrum analyzers, vibration sensors and spectrometers.

By end user, market is segregated into aerospace and defense, automotive, chemical and petrochemical, energy and power, food and beverages, marine, metals and mining, oil and gas and other end users. Other end users are sub categorized by pulp and paper, cement, pharmaceutical and semiconductor & electronics.


1 Market Outline
1.1 Research Methodology
1.1.1 Research Approach & Sources
1.2 Market Trends
1.3 Regulatory Factors
1.4 End User Analysis
1.5 Strategic Benchmarking
1.6 Opportunity Analysis
2 Executive Summary
3 Market Overview
3.1 Current Trends
3.1.1 Increasing demand for vibration monitoring through wireless systems
3.1.2 Rising online machine condition monitoring in developing nations
3.1.3 Integration of IoT machine condition monitoring
3.1.4 Growth Opportunities/Investment Opportunities
3.2 Drivers
3.3 Constraints
3.4 Industry Attractiveness
3.4.1 Bargaining power of suppliers
3.4.2 Bargaining power of buyers
3.4.3 Threat of substitutes
3.4.4 Threat of new entrants
3.4.5 Competitive rivalry
4 Machine Condition Monitoring Market, By Monitoring Type
4.1 Corrosion Monitoring
4.1.1 Corrosion Monitoring Market Forecast to 2027 (US$ MN)
4.2 Infrared Thermography
4.2.1 Infrared Thermography Market Forecast to 2027 (US$ MN)
4.3 Lubricating Oil Analysis
4.3.1 Lubricating Oil Analysis Market Forecast to 2027 (US$ MN)
4.4 Motor Current Signature Analysis (MCSA)
4.4.1 Motor Current Signature Analysis (MCSA) Market Forecast to 2027 (US$ MN)
4.5 Ultrasound Emission
4.5.1 Ultrasound Emission Market Forecast to 2027 (US$ MN)
4.6 Vibration Monitoring
4.6.1 Vibration Monitoring Market Forecast to 2027 (US$ MN)
5 Machine Condition Monitoring Market, By Monitoring Process
5.1 Online Condition Monitoring
5.1.1 Online Condition Monitoring Market Forecast to 2027 (US$ MN)
5.2 Portable Condition Monitoring
5.2.1 Portable Condition Monitoring Market Forecast to 2027 (US$ MN)
6 Machine Condition Monitoring Market, By Offering
6.1 Software
6.1.1 Software Market Forecast to 2027 (US$ MN)
6.1.1.1 Diagnostic Reporting
6.1.1.1.1 Diagnostic Reporting Market Forecast to 2027 (US$ MN)
6.1.1.2 Parameter Calculation
6.1.1.2.1 Parameter Calculation Market Forecast to 2027 (US$ MN)
6.1.1.3 Data Integration
6.1.1.3.1 Data Integration Market Forecast to 2027 (US$ MN)
6.1.1.4 Order Tracking Analysis
6.1.1.4.1 Order Tracking Analysis Market Forecast to 2027 (US$ MN)
6.2 Hardware
6.2.1 HardwareMarket Forecast to 2027 (US$ MN)
6.2.1.1 Ultrasound Detectors
6.2.1.1.1 Ultrasound Detectors Market Forecast to 2027 (US$ MN)
6.2.1.2 Corrosion Probes
6.2.1.2.1 Corrosion Probes Market Forecast to 2027 (US$ MN)
6.2.1.3 Infrared Sensors
6.2.1.3.1 Infrared Sensors Market Forecast By Type to 2027 (US$ MN)
6.2.1.3.1.1 Quantum Infrared Sensors
6.2.1.3.1.2 Thermal Infrared Sensors
6.2.1.4 Spectrum Analyzers
6.2.1.4.1 Spectrum Analyzers Market Forecast By Type to 2027 (US$ MN)
6.2.1.4.1.1 Swept Spectrum Analyzers
6.2.1.4.1.2 Real-Time Spectrum Analyzers
6.2.1.5 Vibration Sensors
6.2.1.5.1 Vibration Sensors Market Forecast By Type to 2027 (US$ MN)
6.2.1.5.1.1 Proximity Probes
6.2.1.5.1.2 Accelerometers
6.2.1.5.1.3 Tachometers
6.2.1.6 Spectrometers
6.2.1.6.1 Spectrometers Market Forecast By Type to 2027 (US$ MN)
6.2.1.6.1.1 Atomic Spectrometers
6.2.1.6.1.2 Mass Spectrometers
6.2.1.6.1.3 Infrared Spectrometers
6.2.1.6.1.4 Ultraviolet Spectrometers
7 Machine Condition Monitoring Market, By End User
7.1 Aerospace and Defense
7.1.1 Aerospace and Defense Market Forecast to 2027 (US$ MN)
7.2 Automotive
7.2.1 Automotive Market Forecast to 2027 (US$ MN)
7.3 Chemical and Petrochemical
7.3.1 Chemical and Petrochemical Market Forecast to 2027 (US$ MN)
7.4 Energy and Power
7.4.1 Energy and Power Market Forecast to 2027 (US$ MN)
7.5 Food and Beverages
7.5.1 Food and Beverages Market Forecast to 2027 (US$ MN)
7.6 Marine
7.6.1 Marine Market Forecast to 2027 (US$ MN)
7.7 Metals and Mining
7.7.1 Metals and Mining Market Forecast to 2027 (US$ MN)
7.8 Oil and Gas
7.8.1 Oil and Gas Market Forecast to 2027 (US$ MN)
7.9 Other End Users
7.9.1 Other End Users Market Forecast to 2027 (US$ MN)
7.9.1.1 Pulp and Paper
7.9.1.1.1 Pulp and Paper Market Forecast to 2027 (US$ MN)
7.9.1.2 Cement
7.9.1.2.1 Cement Market Forecast to 2027 (US$ MN)
7.9.1.3 Pharmaceutical
7.9.1.3.1 Pharmaceutical Market Forecast to 2027 (US$ MN)
7.9.1.4 Semiconductor & Electronics
7.9.1.4.1 Semiconductor & Electronics Market Forecast to 2027 (US$ MN)
8 Machine Condition Monitoring Market, By Geography
8.1 North America
8.1.1 North America Market Forecast by Countries to 2028 (US$ MN)
8.1.1.1 US
8.1.1.2 Canada
8.1.1.3 Mexico
8.2 Europe
8.2.1 Europe Market Forecast by Countries to 2028 (US$ MN)
8.2.1.1 Germany
8.2.1.2 U.K.
8.2.1.3 Italy
8.2.1.4 France
8.2.1.5 Spain
8.2.1.6 Rest of Europe
8.3 Asia Pacific
8.3.1 Asia Pacific Market Forecast by Countries to 2028 (US$ MN)
8.3.1.1 China
8.3.1.2 Japan
8.3.1.3 India
8.3.1.4 Australia
8.3.1.5 New Zealand
8.3.1.6 Rest of Asia Pacific
8.4 Middle East
8.4.1 Middle East Market Forecast by Countries to 2028 (US$ MN)
8.4.1.1 Saudi Arabia
8.4.1.2 UAE
8.4.1.3 Rest of Middle East
8.5 Latin America
8.5.1 Latin America Market Forecast by Countries to 2028 (US$ MN)
8.5.1.1 Argentina
8.5.1.2 Brazil
8.5.1.3 Rest of Latin America
8.6 Rest of the World (RoW)
8.6.1 Rest of the World (RoW) Market Forecast by Countries to 2028 (US$ MN)
8.6.1.1 South Africa
8.6.1.2 Others
9Key Player Activities
9.1 Mergers & Acquisitions
9.2 Partnerships, Joint Venture’s, Collaborations and Agreements
9.3 Product Launch & Expansions
9.4 Other Activities
10 Leading Companies
10.1 AB SKF
10.2 ALS Ltd
10.3 Azima DLI Corporation
10.4 Bruel & Kjaer Vibro GmbH
10.5 Emerson Electric Co.
10.6 Fluke Corp
10.7 General Electric
10.8 Honeywell International
10.9 Meggitt PLC
10.10 National Instruments Corporation
10.11 Parker Hannifin Corp.
10.12 PCB Piezotronics
10.13 Rockwell Automation
10.14 Schaeffler Technologies AG & Co.
10.15 SKF AB
List of Tables
Table 1 Global Machine Condition Monitoring Market By Region, Market Forecast (2015-2027) (US $MN)
Table 2 Global Machine Condition Monitoring Market By Monitoring Type, Market Forecast (2015-2027) (US $MN)
Table 3 Global Machine Condition Monitoring Market By Corrosion Monitoring, Market Forecast (2015-2027) (US $MN)
Table 4 Global Machine Condition Monitoring Market By Infrared Thermography, Market Forecast (2015-2027) (US $MN)
Table 5 Global Machine Condition Monitoring Market By Lubricating Oil Analysis, Market Forecast (2015-2027) (US $MN)
Table 6 Global Machine Condition Monitoring Market By Motor Current Signature Analysis (MCSA), Market Forecast (2015-2027) (US $MN)
Table 7 Global Machine Condition Monitoring Market By Ultrasound Emission, Market Forecast (2015-2027) (US $MN)
Table 8 Global Machine Condition Monitoring Market By Vibration Monitoring, Market Forecast (2015-2027) (US $MN)
Table 9 Global Machine Condition Monitoring Market By Monitoring Process, Market Forecast (2015-2027) (US $MN)
Table 10 Global Machine Condition Monitoring Market By Online Condition Monitoring, Market Forecast (2015-2027) (US $MN)
Table 11 Global Machine Condition Monitoring Market By Portable Condition Monitoring, Market Forecast (2015-2027) (US $MN)
Table 12 Global Machine Condition Monitoring Market By Offering, Market Forecast (2015-2027) (US $MN)
Table 13 Global Machine Condition Monitoring Market By Software, Market Forecast (2015-2027) (US $MN)
Table 14 Global Machine Condition Monitoring Market By Diagnostic Reporting, Market Forecast (2015-2027) (US $MN)
Table 15 Global Machine Condition Monitoring Market By Parameter Calculation, Market Forecast (2015-2027) (US $MN)
Table 16 Global Machine Condition Monitoring Market By Data Integration, Market Forecast (2015-2027) (US $MN)
Table 17 Global Machine Condition Monitoring Market By Order Tracking Analysis, Market Forecast (2015-2027) (US $MN)
Table 18 Global Machine Condition Monitoring Market By Hardware , Market Forecast (2015-2027) (US $MN)
Table 19 Global Machine Condition Monitoring Market By Ultrasound Detectors, Market Forecast (2015-2027) (US $MN)
Table 20 Global Machine Condition Monitoring Market By Corrosion Probes, Market Forecast (2015-2027) (US $MN)
Table 21 Global Machine Condition Monitoring Market By Infrared Sensors, Market Forecast (2015-2027) (US $MN)
Table 22 Global Machine Condition Monitoring Market By Spectrum Analyzers, Market Forecast (2015-2027) (US $MN)
Table 23 Global Machine Condition Monitoring Market By Vibration Sensors, Market Forecast (2015-2027) (US $MN)
Table 24 Global Machine Condition Monitoring Market By Spectrometers, Market Forecast (2015-2027) (US $MN)
Table 25 Global Machine Condition Monitoring Market By End User, Market Forecast (2015-2027) (US $MN)
Table 26 Global Machine Condition Monitoring Market By Aerospace and Defense, Market Forecast (2015-2027) (US $MN)
Table 27 Global Machine Condition Monitoring Market By Automotive, Market Forecast (2015-2027) (US $MN)
Table 28 Global Machine Condition Monitoring Market By Chemical and Petrochemical, Market Forecast (2015-2027) (US $MN)
Table 29 Global Machine Condition Monitoring Market By Energy and Power, Market Forecast (2015-2027) (US $MN)
Table 30 Global Machine Condition Monitoring Market By Food and Beverages, Market Forecast (2015-2027) (US $MN)
Table 31 Global Machine Condition Monitoring Market By Marine, Market Forecast (2015-2027) (US $MN)
Table 32 Global Machine Condition Monitoring Market By Metals and Mining, Market Forecast (2015-2027) (US $MN)
Table 33 Global Machine Condition Monitoring Market By Oil and Gas, Market Forecast (2015-2027) (US $MN)
Table 34 Global Machine Condition Monitoring Market By Other End Users, Market Forecast (2015-2027) (US $MN)
Table 35 Global Machine Condition Monitoring Market By Pulp and Paper, Market Forecast (2015-2027) (US $MN)
Table 36 Global Machine Condition Monitoring Market By Cement, Market Forecast (2015-2027) (US $MN)
Table 37 Global Machine Condition Monitoring Market By Pharmaceutical, Market Forecast (2015-2027) (US $MN)
Table 38 Global Machine Condition Monitoring Market By Semiconductor & Electronics, Market Forecast (2015-2027) (US $MN)
Note: Regional tables for North America, Europe, Asia Pacific, Middle East, Latin America and RoW are presented in similar manner as the above

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