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Machine Condition Monitoring Market by Monitoring Type (Vibration Monitoring, Thermography, Lubricating Oil Analysis, Corrosion Monitoring, Ultrasound Emission, MCSA), Offering, Industry, Monitoring Process, and Geography - Global Forecast to 2022

Machine Condition Monitoring Market by Monitoring Type (Vibration Monitoring, Thermography, Lubricating Oil Analysis, Corrosion Monitoring, Ultrasound Emission, MCSA), Offering, Industry, Monitoring Process, and Geography - Global Forecast to 2022

“Machine condition monitoring market to exhibit a significant growth potential between 2016 and 2022”
The machine condition monitoring market is expected to grow at a CAGR of 7.0% between 2016 and 2022 and is likely to be valued at USD 3.07 billion by 2022. The key driving factors for the growth of the machine condition monitoring market are the increasing use of wireless communication technology, growth in the HVAC systems market, rising trend of smart factory or Industry 4.0, and transition from preventive to predictive maintenance. However, the major restraining factors for the growth of this market are unpredictable maintenance schedules and additional expenses incurred in retrofitting the existing systems.

“Market for motor current signature analysis (MCSA) expected to grow at the highest rate during forecast period”
The market for MCSA is expected to grow at a high CAGR between 2016 and 2022. The common reasons for motor failures include bearing failure, overloading, normal insulation deterioration, unbalanced or incorrect voltage, misalignment/vibration, and poor maintenance practices; MCSA helps to monitor the above mentioned parameters, thereby reducing motor failures and energy consumption.

“Oil and gas to hold the largest share of the overall machine condition monitoring market in 2016”
The oil and gas industry is expected to hold the largest share of the global machine condition monitoring market in 2016. The oil and gas industries use extremely complex and expensive equipment such as boilers, pumps, generators, and piping network for their operations. The equipment consumes a lot of power and generates an equally large amount of heat. Even a minor fault in the equipment can result into an increase in power consumption and may even trigger the release of powerful gases, or lead to an explosion, which is why, predictive maintenance technologies are essential in these industries.

“APAC to be the fastest-growing market for machine condition monitoring during the forecast period”
The market for machine condition monitoring in APAC is expected to grow at a high rate between 2016 and 2022. Rapid industrialization, growing adoption of predictive maintenance tools, and competitive pressure to achieve operational efficiency are driving the growth of the machine condition monitoring market in this region.

The break-up of the profiles of primary participants for the report has been given below.
By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%
By Designation: C–Level Executives – 60%, Directors– 25%, and Others – 15%
By Region: North America - 35%, Europe – 25%, APAC – 30%, and RoW – 10%
The key players operating in the machine condition monitoring market include Emerson Electric Co. (U.S.), General Electric (U.S.), Honeywell International Inc. (U.S.), National Instruments Corp. (U.S.), SKF AB (Sweden), Parker Hannifin Corp. (U.S.), Rockwell Automation, Inc. (U.S.), Bruel & Kjaer Vibro GmbH (Germany), Azima DLI Corp. (U.S.), Meggitt PLC (U.K.), ALS Ltd. ( Australia), and Schaeffler AG (Germany).

Research Coverage:
The research report on the global machine condition monitoring market covers different segments—monitoring type, offering, industry, monitoring process, and geography. The market has been segmented on the basis of monitoring type into vibration monitoring, thermography, lubricating oil analysis, corrosion monitoring, ultrasound emission, and MCSA. On the basis of offering, the machine condition monitoring market has been classified into hardware and software. The machine condition monitoring market has been segmented on the basis of industry into oil and gas, energy and power, metals and mining, chemicals, automotive, aerospace and defense, food and beverages, marine, and others. In addition, the report covers two types of monitoring processes—online monitoring and portable monitoring. The report covers the market in four major geographical regions—North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based monitoring type, offering, industry, monitoring process, and geography have been conducted to give an overall view of the machine condition monitoring market.

The Porter’s five forces framework has been utilized, along with the value chain analysis, to provide an in-depth insight into the machine condition monitoring market.

The major drivers, restraints, opportunities, and challenges for the machine condition monitoring market have been detailed in this report.

The report includes a detailed competitive landscape, along with in-depth analysis and revenue of key players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • MACHINE CONDITION MONITORING MARKET, 2016-2022
    • MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE (2016-2022)
    • MACHINE CONDITION MONITORING MARKET, BY OFFERING (2016-2022)
    • MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS (2016-2022)
    • MACHINE CONDITION MONITORING MARKET, BY INDUSTRY AND REGION (2016)
    • MACHINE CONDITION MONITORING MARKET, BY GEOGRAPHY (2016)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • BY MONITORING TYPE
      • BY OFFERING
      • BY INDUSTRY
      • BY MONITORING PROCESS
      • BY GEOGRAPHY
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES MODEL
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • INTENSITY OF COMPETITIVE RIVALRY
    • REGULATORY STANDARDS
      • API
      • ASTM
      • ISO
      • MIMOSA
  • MARKET ANALYSIS, BY MONITORING TYPE
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, 2013-2022 (USD MILLION & THOUSAND UNITS)
      • Table MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2022 (USD MILLION)
    • VIBRATION MONITORING
      • DEFECTS DETECTED BY VIBRATION MONITORING
        • Table MARKET FOR VIBRATION MONITORING , BY INDUSTRY, 2013-2022 (USD MILLION)
        • Table MARKET FOR VIBRATION MONITORING, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MARKET FOR VIBRATION MONITORING , BY REGION, 2013-2022 (USD MILLION)
    • THERMOGRAPHY
      • DEFECTS DETECTED BY THERMOGRAPHY
        • Table MARKET FOR THERMOGRAPHY, BY INDUSTRY, 2013-2022 (USD MILLION)
        • Table MARKET FOR THERMOGRAPHY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MARKET FOR THERMOGRAPHY, BY REGION, 2013-2022 (USD MILLION)
    • LUBRICATING OIL ANALYSIS
      • DEFECTS DETECTED BY LUBRICATING OIL ANALYSIS
        • Table MARKET FOR LUBRICATING OIL ANALYSIS, BY INDUSTRY, 2013-2022 (USD MILLION)
        • Table MARKET FOR LUBRICATING OIL ANALYSIS, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MARKET FOR LUBRICATING OIL ANALYSIS, BY REGION, 2013-2022 (USD MILLION)
    • CORROSION MONITORING
      • DEFECTS DETECTED BY CORROSION MONITORING
        • Table MARKET FOR CORROSION MONITORING, BY INDUSTRY, 2013-2022 (USD MILLION)
        • Table MARKET FOR CORROSION MONITORING, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MARKET FOR CORROSION MONITORING, BY REGION, 2013-2022 (USD MILLION)
    • ULTRASOUND EMISSION
      • DEFECTS DETECTED BY ULTRASOUND EMISSION MONITORING
        • Table MARKET FOR ULTRASOUND EMISSION, BY INDUSTRY, 2013-2022 (USD MILLION)
        • Table MARKET FOR ULTRASOUND EMISSION, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MARKET FOR ULTRASOUND EMISSION, BY REGION, 2013-2022 (USD MILLION)
    • MOTOR CURRENT SIGNATURE ANALYSIS (MCSA)
      • DEFECTS DETECTED BY MOTOR CURRENT SIGNATURE ANALYSIS
        • Table MARKET FOR MCSA, BY INDUSTRY, 2013-2022 (USD MILLION)
        • Table MARKET FOR MCSA, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MARKET FOR MCSA, BY REGION, 2013-2022 (USD MILLION)
  • MARKET ANALYSIS, BY OFFERING
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2013-2022 (USD MILLION)
    • HARDWARE
      • Table MACHINE CONDITION MONITORING MARKET FOR HARDWARE, BY TYPE, 2013-2022 (USD MILLION)
      • VIBRATION SENSORS
      • INFRARED SENSORS
      • SPECTROMETERS
      • CORROSION PROBES
      • ULTRASOUND DETECTORS
      • SPECTRUM ANALYZERS
      • OTHERS
    • SOFTWARE
      • DATA INTEGRATION
      • DIAGNOSTIC REPORTING
      • ORDER TRACKING ANALYSIS
      • PARAMETER CALCULATION
  • MARKET ANALYSIS, BY INDUSTRY
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2013-2022 (USD MILLION)
    • OIL & GAS
      • USE OF DATA ANALYTICS AND AUGMENTED REALITY IN THE OIL & GAS INDUSTRY FOR MACHINE CONDITION MONITORING
        • Table MACHINE CONDITION MONITORING MARKET FOR THE OIL AND GAS INDUSTRY, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE OIL AND GAS INDUSTRY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE OIL AND GAS INDUSTRY, BY REGION, 2013-2022 (USD MILLION)
    • ENERGY & POWER
      • LAUNCH OF CONDITION MONITORING ALLIANCE TO CUT DOWN GRID MAINTENANCE COSTS
        • Table MACHINE CONDITION MONITORING MARKET FOR THE ENERGY & POWER INDUSTRY, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE ENERGY & POWER INDUSTRY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE ENERGY & POWER INDUSTRY, BY REGION, 2013-2022 (USD MILLION)
    • METALS & MINING
      • DEVELOPMENT OF CONVEYOR CONDITION MONITORING SYSTEMS TO DETECT CONVEYOR FAULTS IN THE MINING INDUSTRY
        • Table MACHINE CONDITION MONITORING MARKET FOR THE METALS & MINING INDUSTRY, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE METALS & MINING INDUSTRY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE METALS & MINING INDUSTRY, BY REGION, 2013-2022 (USD MILLION)
    • CHEMICALS
      • DIGITALIZATION OF PLANT OPERATIONS INCREASES PRODUCTIVITY OF CHEMICAL PLANTS
        • Table MACHINE CONDITION MONITORING MARKET FOR THE CHEMICALS INDUSTRY, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE CHEMICALS INDUSTRY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE CHEMICALS INDUSTRY, BY REGION, 2013-2022 (USD MILLION)
    • AUTOMOTIVE
      • INDUSTRIAL INTERNET OF THINGS (IIOT) DRIVES INNOVATION IN AUTOMOBILE MANUFACTURING
        • Table MACHINE CONDITION MONITORING MARKET FOR THE AUTOMOTIVE INDUSTRY, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE AUTOMOTIVE INDUSTRY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE AUTOMOTIVE INDUSTRY, BY REGION, 2013-2022 (USD MILLION)
    • AEROSPACE AND DEFENSE
      • ARTIFICIAL INTELLIGENCE IN MONITORING AIRCRAFT MANUFACTURING
        • Table MACHINE CONDITION MONITORING MARKET FOR THE AEROSPACE & DEFENSE INDUSTRY, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE AEROSPACE & DEFENSE INDUSTRY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2013-2022 (USD MILLION)
    • FOOD & BEVERAGES
      • REAL-TIME PROCESS MONITORING IN FOOD AND BEVERAGES MANUFACTURING
        • Table MACHINE CONDITION MONITORING MARKET FOR THE FOOD & BEVERAGES INDUSTRY, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE FOOD & BEVERAGES INDUSTRY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE FOOD & BEVERAGES INDUSTRY, BY REGION, 2013-2022 (USD MILLION)
    • MARINE
      • EFFECTIVE PREDICTIVE MAINTENANCE FOR SHIP MANUFACTURING
        • Table MACHINE CONDITION MONITORING MARKET FOR THE MARINE INDUSTRY, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE MARINE INDUSTRY, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE MARINE INDUSTRY, BY REGION, 2013-2022 (USD MILLION)
    • OTHERS
      • CEMENT INDUSTRY
      • HEALTHCARE
      • PULP & PAPER
      • SEMICONDUCTOR & ELECTRONICS
        • Table MACHINE CONDITION MONITORING MARKET FOR THE OTHER INDUSTRIES, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE OTHER INDUSTRIES, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
        • Table MACHINE CONDITION MONITORING MARKET FOR THE OTHER INDUSTRIES, BY REGION, 2013-2022 (USD MILLION)
  • MARKET ANALYSIS, BY MONITORING PROCESS
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2022 (USD MILLION)
    • ONLINE CONDITION MONITORING
      • CLOUD COMPUTING GAINING IMPORTANCE IN ONLINE CONDITION MONITORING
        • Table ONLINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table ONLINE CONDITION MONITORING MARKET, BY INDUSTRY, 2013-2022 (USD MILLION)
    • PORTABLE CONDITION MONITORING
      • PORTABLE MONITORING: A COST EFFECTIVE CONDITION MONITORING PROCESS
        • Table PORTABLE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2022 (USD MILLION)
        • Table PORTABLE CONDITION MONITORING MARKET, BY INDUSTRY, 2013-2022 (USD MILLION)
  • CLOUD-BASED CONDITION MONITORING MARKET
    • INTRODUCTION
    • NEED FOR CLOUD-BASED CONDITION MONITORING
    • BENEFITS OF CLOUD-BASED CONDITION MONITORING
    • MAJOR CLOUD-BASED CONDITION MONITORING SERVICES OUTSOURCED
      • REMOTE OPERATION MONITORING
      • ANALYTICS AS A SERVICE
    • FUTURE TRENDS OF CLOUD-BASED CONDITION MONITORING
      • MULTI-PARAMETER CONDITION MONITORING
      • CLOUD-BASED PREDICTIVE MAINTENANCE (MAINTENANCE-AS-ASERVICE)
      • SMART MAINTENANCE FOR SMART FACTORIES
    • CHALLENGES FOR CLOUD-BASED CONDITION MONITORING
      • APPREHENSIONS ABOUT DATA SECURITY
      • ABSENCE OF INFRASTRUCTURE FOR CLOUD IN EMERGING ECONOMIES
    • MAJOR COMPANIES OFFERING CLOUD-BASED CONDITION MONITORING SERVICES
  • MARKET ANALYSIS, BY GEOGRAPHY
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2022 (USD MILLION)
    • NORTH AMERICA
      • U.S.
      • CANADA
      • MEXICO
        • Table MACHINE CONDITION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2013-2022 (USD MILLION)
    • EUROPE
      • GERMANY
      • U.K.
      • FRANCE
      • REST OF EUROPE
        • Table MACHINE CONDITION MONITORING MARKET IN EUROPE, BY COUNTRY, 2013-2022 (USD MILLION)
    • APAC
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
        • Table MACHINE CONDITION MONITORING MARKET IN APAC, BY COUNTRY, 2013-2022 (USD MILLION)
    • ROW
      • MIDDLE EAST
      • SOUTH AMERICA
      • AFRICA
        • Table MACHINE CONDITION MONITORING MARKET IN ROW, BY REGION, 2013-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING ANALYSIS OF THE PLAYERS IN THE MACHINE CONDITION MONITORING MARKET
      • Table RANKING OF THE TOP 5 PLAYERS IN THE MACHINE CONDITION MONITORING MARKET, 2015
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2014-2016
      • ACQUISITIONS & CONTRACTS
        • Table ACQUISITIONS & CONTRACTS, 2014-2016
      • AGREEMENTS, COLLABORATIONS, &PARTNERSHIPS
        • Table AGREEMENTS, COLLABORATIONS, &PARTNERSHIPS, 2014-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • EMERSON ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HONEYWELL INTERNATIONAL INC.
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NATIONAL INSTRUMENTS CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SKF AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ALS LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • MEGGITT PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • PARKER HANNIFIN CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ROCKWELL AUTOMATION, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SCHAEFFLER AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • AZIMA DLI CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
    • BRUEL & KJAER VIBRO GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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