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Global Machine Condition Monitoring Market 2018-2022

Global Machine Condition Monitoring Market 2018-2022

About Machine Condition Monitoring

Machine condition monitoring is the process of monitoring the condition of a machine to predict mechanical wear and failure for the machine. The report considers machine condition monitoring systems used in or for plant equipment and machinery in a plant, plant facility, or field. The key vendors in the report are considered based on product offerings, latest development, new contracts, revenue, brand value, and industry offering. The end-user market segment includes power, cement and metal, oil and gas, chemical and petrochemical, pulp and paper, automotive, and other industries.

Technavio’s analysts forecast the global machine condition monitoring market to grow at a CAGR of 4.20% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global machine condition monitoring market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Machine Condition Monitoring Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Emerson Electric
  • General Electric
  • Honeywell International
  • National Instruments
  • Rockwell Automation
  • SKF
Market driver
  • Wireless communication gaining momentum in industries
  • For a full, detailed list, view our report
Market challenge
  • Limited battery life for wireless devices
  • For a full, detailed list, view our report
Market trend
  • Improvement in sensor technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Machine Condition Monitoring Market 2018-2022

Technavio recognizes the following companies as the key players in the global machine condition monitoring market: Emerson Electric, General Electric, Honeywell International, National Instruments, Rockwell Automation, and SKF.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is improvement in sensor technology.

According to the report, one driver in the market is wireless communication gaining momentum in industries.

Further, the report states that one challenge in the market is limited battery life for wireless devices.

Companies Mentioned

Emerson Electric, General Electric, Honeywell International, National Instruments, Rockwell Automation, and SKF.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global machine condition monitoring market - Market size and forecast 2017-2022 ($ mn)
      • Table Global machine condition monitoring market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table Global machine conditioning monitoring market by end-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user 2017
    • Power industry - Market size and forecast 2017- 2022
      • Table Power industry - Market size and forecast 2017-2022 ($ mn)
      • Table Power industry - Year-over-year growth 2018-2022 (%)
    • Cement and metal industry - Market size and forecast 2017-2022
      • Table Cement and metal industry - Market size and forecast 2017-2022 ($ mn)
      • Table Cement and metal industry - Year-over-year growth 2018-2022 (%)
    • Oil and gas industry - Market size and forecast 2017-2022
      • Table Oil and gas industry - Market size and forecast 2017-2022 ($ mn)
      • Table Oil and gas industry - Year-over-year growth 2018-2022 (%)
    • Chemical and petrochemical industry - Market size and forecast 2017-2022
      • Table Chemical and petrochemical industry - Market size and forecast 2017-2022 ($ mn)
      • Table Chemical and petrochemical industry - Year-over-year growth 2018-2022 (%)
    • Pulp and paper industry - Market size and forecast 2017-2022
      • Table Pulp and paper industry - Market size and forecast 2017-2022 ($ mn)
      • Table Pulp and paper industry - Year-over-year growth 2018-2022 (%)
    • Automotive industry - Market size and forecast 2017-2022
      • Table Automotive industry - Market size and forecast 2017-2022 ($ mn)
      • Table Automotive industry - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ mn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Natural gas consumption by sector
      • Table Power generation by fuel source
    • Market challenges
  • Market trends
    • Improvement in sensor technology
    • Emergence of integrated machine condition monitoring system
    • Growing application of data analytics and augmented reality in oil and gas industry
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Emerson Electric
      • Table Vendor overview
      • Table Emerson Electric - Business segments
      • Table Emerson Electric- Organizational developments
      • Table Emerson Electric - Geographic focus
      • Table Emerson Electric - Segment focus
      • Table Emerson Electric - Key offerings
    • General Electric
      • Table Vendor overview
      • Table General Electric - Business segments
      • Table General Electric - Organizational developments
      • Table General Electric - Geographic focus
      • Table General Electric - Segment focus
      • Table General Electric - Key offerings
    • Honeywell International
      • Table Vendor overview
      • Table Honeywell International - Business segments
      • Table Honeywell International - Organizational developments
      • Table Honeywell International - Geographic focus
      • Table Honeywell International - Segment focus
      • Table Honeywell International - Key offerings
    • National Instruments
      • Table Vendor overview
      • Table National Instruments- Business segments
      • Table National Instruments - Organizational developments
      • Table National Instruments - Geographic focus
      • Table National Instruments - Segment focus
      • Table National Instruments - Key offerings
    • Rockwell Automation
      • Table Vendor overview
      • Table Rockwell Automation - Business segments
      • Table Rockwell Automation - Organizational developments
      • Table Rockwell Automation - Geographic focus
      • Table Rockwell Automation - Segment focus
      • Table Rockwell Automation - Key offerings
    • SKF
      • Table Vendor overview
      • Table SKF - Business segments
      • Table SKF - Organizational developments
      • Table SKF - Geographic focus
      • Table SKF - Segment focus
      • Table SKF - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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