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Global Machine Condition Monitoring Sensors Market 2017-2021

Global Machine Condition Monitoring Sensors Market 2017-2021

About Machine Condition Monitoring Sensors

Machine condition monitoring sensors are devices that are used for condition-based maintenance and monitoring of machines and industrial assets. They help in timely detection of machine damage, thereby reducing the operational expense for an organization. The global machine condition monitoring sensors market is segmented based on type, namely vibration, infrared, oil analysis, and other sensors. End-users of this market are oil and gas, power generation, aerospace and defense, chemical and petrochemical, and others.



Technavio’s analysts forecast the global machine condition monitoring sensors market to grow at a CAGR of 6.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global machine condition monitoring sensors market for 2017-2021. To calculate the market size, the report considers the sales and replacement market.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Machine Condition Monitoring Sensors Market 2017-2021, 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
  • Connection Technology Center
  • Emerson
  • Parker Hannifin
  • Rockwell Automation
  • SKF
Other prominent vendors
  • CM Technologies
  • Fluke
  • HBM
  • ifm electronic
  • Ludeca
  • Meggitt
  • Mitsubishi Electric
  • National Instruments
  • NVMS Measurements Systems
  • PCB Piezotronics (MTS Systems)
  • PRÜFTECHNIK Dieter Busch
  • SDT Ultrasound Solutions
  • Valmet
  • Xi'an Kacise Optronics
Market driver
  • Rise in demand for wireless vibration sensors
  • For a full, detailed list, view our report
Market challenge
  • High maintenance and replacement costs
  • For a full, detailed list, view our report
Market trend
  • Adoption of real-time monitoring
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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 Sensors Market 2017-2021

Technavio recognizes the following companies as the key players in the global machine condition monitoring sensors market: Connection Technology Center, Emerson, Parker Hannifin, Rockwell Automation, and SKF

Other Prominent Vendors in the market are: CM Technologies, Fluke, HBM, ifm electronic, Ludeca, Meggitt, Mitsubishi Electric, National Instruments, NVMS Measurements Systems, PCB Piezotronics (MTS Systems), PRÜFTECHNIK Dieter Busch, SDT Ultrasound Solutions, Valmet, and Xi'an Kacise Optronics.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Adoption of real-time monitoring. The machine condition monitoring sensors help in tracking machines or assets in industrial plants. They also help in predicting the mechanical wear and tear and failure of operations due to machines breakdown, which directly affects the productivity and will lead to decrease in cost savings. The sensors used in machine condition monitoring helps in identifying vibration, noise, temperature, contamination, and others. The sensors help in providing real-time monitoring of machines, thereby preventing unexpected failures that can lead to costly repair of critical machines. ”

According to the report, one of the major drivers for this market is Rise in demand for wireless vibration sensors. Wireless sensor technology provides substantial growth and advantages over wired sensors used for machine condition monitoring. The process industries, such as oil and gas, power generation, and chemical and petrochemical, are leading the market and will gain further market growth during the forecast period. The wireless vibration sensors are used for transferring rotational speed data in the industrial applications such as process piping and hydraulic systems.

Further, the report states that one of the major factors hindering the growth of this market is High maintenance and replacement costs. The market for machine condition monitoring sensors is dependent on the sales and deployment of hardware products and other critical assets in the machinery that ensure continuous monitoring. The need for continuous monitoring and remote-control operations have influenced the market growth among end-user industries, such as oil and gas, chemical and petrochemical, power generation, marine, and mining. However, the major challenge for these end-users is the maintenance and replacement of sensors and their associated costs. The installation of sensors is made easy with small devices being developed by the OEMs and other key manufacturers globally. However, the lack of periodic inspection adds costs in terms of maintenance and related services, which is hampering the market growth in the developing economies.

Companies Mentioned

Connection Technology Center, Emerson, Parker Hannifin, Rockwell Automation, SKF, CM Technologies, Fluke, HBM, ifm electronic, Ludeca, Meggitt, Mitsubishi Electric, National Instruments, NVMS Measurements Systems, PCB Piezotronics (MTS Systems), PRÜFTECHNIK Dieter Busch, SDT Ultrasound Solutions, Valmet, and Xi'an Kacise Optronics.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global machine condition monitoring market in 2016 and 2021 ($ millions)
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global machine condition monitoring sensors market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Market segmentation of the global machine condition monitoring sensors market based on type in 2016 and 2021 (% share)
    • Global machine condition monitoring sensors market by vibration sensors
      • Table Global machine condition monitoring sensors market by vibration sensors during2016-2021 ($ millions)
    • Global machine condition monitoring sensors market by infrared sensors
      • Table Global machine condition monitoring sensors market by infrared sensors during2016-2021 ($ millions)
    • Global machine condition monitoring sensors market by oil analysis sensors
      • Table Global machine condition monitoring sensors market by oil analysis sensors during2016-2021 ($ millions)
    • Global machine condition monitoring sensors market by other sensors
      • Table Global machine condition monitoring sensors market by other sensors during 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Market segmentation of the global machine condition monitoring sensors market based on end-users in 2016 and 2021 (% share)
    • Global machine condition monitoring sensors market in the oil and gas industry
      • Table Global machine condition monitoring sensors market in the oil and gas industry during 2016-2021 ($ millions)
    • Global machine condition monitoring sensors market in the power generation industry
      • Table Global machine condition monitoring sensors market in the power generation industry during 2016-2021 ($ millions)
    • Global machine condition monitoring sensors market in the aerospace and defense industry
      • Table Global machine condition monitoring sensors market in the aerospace and defense industry during 2016-2021 ($ millions)
    • Global machine condition monitoring sensors market in the chemical and petrochemical industry
      • Table Global machine condition monitoring sensors market in the chemical and petrochemical industry during 2016-2021 ($ millions)
    • Global machine condition monitoring sensors market in the others industry
      • Table Global machine condition monitoring sensors market in the others industry during2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Market segmentation of the global machine condition monitoring sensors market based on geography in 2016 and 2021 (% share)
    • Machine condition monitoring sensors market in Americas
      • Table Machine condition monitoring sensors market in Americas during 2016-2021 ($millions)
    • Machine condition monitoring sensors market in EMEA
      • Table Machine condition monitoring sensors market in EMEA during 2016-2021 ($millions)
    • Machine condition monitoring sensors market in APAC
      • Table Machine condition monitoring sensors market in APAC during 2016-2021 ($millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Adoption of real-time monitoring
    • Growing R&D and innovations
    • Increasing online machine condition monitoring in developing countries
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Connection Technology Center
      • Table Connection Technology Center: Product segments
      • Table Connection Technology Center: Product portfolio
      • Table Connection Technology Center: Key highlights
    • Emerson
      • Table Emerson: Product segments of the Automation Solution
      • Table Emerson: Product portfolio
      • Table Emerson: Key highlights
    • Parker Hannifin
      • Table Parker Hannifin: Product segments
      • Table Parker Hannifin: Product portfolio
      • Table Parker Hannifin: Key highlights
    • Rockwell Automation
      • Table Rockwell Automation: Product segments
      • Table Rockwell Automation: Product portfolio
      • Table Rockwell Automation: Key highlights
    • SKF
      • Table SKF: product segments
      • Table SKF: Product portfolio
      • Table SKF: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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