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Machine Condition Monitoring Market by Monitoring Type (Vibration Monitoring, Ultrasound Monitoring, Thermography, & Others), Components, Monitoring Process (Portable & Online Condition Monitoring), Applications, and Geography - Global Trend & Forecast to

Machine Condition Monitoring Market by Monitoring Type (Vibration Monitoring, Ultrasound Monitoring, Thermography, & Others), Components, Monitoring Process (Portable & Online Condition Monitoring), Applications, and Geography - Global Trend & Forecast to 2020

The best overall machinery condition monitoring program is one that utilizes multiple and integrated monitoring technologies that are well-suited to detect expected failures. For low-risk machines, condition monitoring or the analysis of monitoring data can be performed by a mechanic or operator using basic monitoring tools. For machines of higher criticality, a certified condition monitoring professional should use the advanced data collection & analysis hardware and software.

Machine condition monitoring is the most preferred predictive maintenance tool in various industries, as through various condition monitoring methods, a monitoring professional can detect, predict, and prevent a wide array of machine and equipment failure. Condition monitoring not only finds various equipment and machinery faults it is also able to accurately point the cause of the machine failure. The global market for machine condition monitoring was valued at USD 1544.0 million in 2014 and is expected to reach around USD 2.450 billion by 2020 at a CAGR of 7.6% between 2015 and 2020. North America leads with more than 45% share of the overall market, followed by Europe; however, APAC is expected to be the fastest-growing markets. One of the key drivers of the market is the widespread transition to predictive maintenance from preventive maintenance in various process industries. Strategies for growth adopted by several players comprised new product developments and agreements, and contracts & partnerships and on others.

The report presents a detailed insight on the current machine condition monitoring equipment market, and identifies key trends of various segments of the market with in-depth quantitative and qualitative information. The report segments the global machine condition monitoring equipment market on the basis of monitoring types, components, monitoring processes, applications, and geography. Further, it contains market size forecasts, and trend analysis Detailed geographic insights with respect to major regions such as North America, APAC, Europe and Rest of the World have been analyzed.

Major players in global machine condition monitoring equipment market are Azima DLI Corporation (U.S), Bruel & Kjaer Sound & Vibration Measurement A/S (Denmark), Emerson Process Management (U.S), General Electric Company (U.S.), Honeywell International, Inc. (U.S.), National Instruments Corporation (U.S.), Rockwell Automation, Inc. (U.S.), SKF (Sweden), and Fluke Corporation (U.S.).

Market Overview and Industry trends, along with Premium Insights and additional qualitative analysis account for the market analysis. The market classification encompasses segmentation & sub-segmentation of the market based on components, monitoring types, monitoring processes, applications, and geography.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKETS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • DEMAND-SIDE ANALYSIS OF THE MACHINE CONDITION MONITORING MARKET
      • DEMAND-SIDE ANALYSIS
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE GLOBAL MACHINE CONDITION MONITORING MARKET
    • MACHINE CONDITION MONITORING MARKET GROWTH, BY MONITORING TYPE
    • MACHINE CONDITION MONITORING MARKET IN APAC, 2014
    • MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS
    • MACHINE CONDITION MONITORING MARKET, BY REGION (2014)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • MARKET BY MONITORING TYPE
      • MARKET BY COMPONENT
      • MARKET BY MONITORING PROCESS
      • MARKET BY APPLICATION
      • MARKET BY GEOGRAPHY
    • MARKET DYNAMICS
      • DRIVERS
        • Table TRANSITION FROM PREVENTIVE TO PREDICTIVE MAINTENANCE IS THE KEY DRIVER FOR GROWTH OF THE MACHINE CONDITION MONITORING MARKET
      • RESRTAINTS
        • Table UNPREDICTABLE MAINTENANCE PERIODS RESULTING IN DISTURBANCE IN THE ORIGINAL SCHEDULE IS THE MAJOR RESTRAINT IN THE GROWTH OF THE MACHINE CONDITION MONITORING MARKET
      • OPPORTUNITIES
        • Table INDUSTRIAL INTERNET OF THINGS (IIOT) IS THE KEY OPPORTUNITY IN MACHINE CONDITION MONITORING MARKET
      • CHALLENGES
        • Table THE INCREASED DRIVE TO INTEGRATE CONDITION MONITORING WITH OTHER MANAGEMENT SYSTEM IS THE MAJOR CHALLENGE IN THE MARKET
      • BURNING ISSUE
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • INDUSTRY TRENDS
      • Table INTEGRATION OF CONDITION MONITORING HARDWARE AND SERVICES IS A LEADING TREND AMONG KEY PLAYERS
    • PORTER'S FIVE FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • INTENSITY OF RIVALRY
  • MARKET BY MONITORING TYPE
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, USD MILLION, (2013-2020)
    • VIBRATION MONITORING
      • Table VIBRATION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020, (USD MILLION)
      • Table VIBRATION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
    • ULTRASOUND EMISSION
      • Table ULTRASOUND EMISSION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020, (USD MILLION)
      • Table ULTRASOUND EMISSION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
    • THERMOGRAPHY
      • Table THERMOGRAPHY MARKET, BY MONITORING PROCESS, 2013-2020 USD MILLION
      • Table THERMOGRAPHY MARKET, BY APPLICATION, 2013-2020, (USD MILLION)
    • LUBRICATING OIL ANALYSIS
      • Table LUBRICATING OIL ANALYSIS MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table LUBRICATING OIL ANALYSIS MARKET, BY APPLICATION, 2013-2020, (USD MILLION)
    • CORROSION MONITORING
      • Table CORROSION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table CORROSION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
    • MOTOR CURRENT SIGNATURE ANALYSIS
      • Table MOTOR CURRENT SIGNATURE ANALYSIS MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table MOTOR CURRENT SIGNATURE ANALYSIS, BY APPLICATION, 2013-2020 (USD MILLION)
  • MARKET, BY COMPONENT
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, BY COMPONENT, 2013-2020 (USD MILLION)
    • VIBRATION SENSORS
      • Table VIBRATION SENSOR MARKET, BY REGION, 2013-2020 (USD MILLION)
      • ACCELEROMETER
      • PROXIMITY PROBES
      • TACHOMETER
    • ULTRASOUND DETECTOR
      • Table ULTRASOUND DETECTOR MARKET, BY REGION, 2013-2020 (USD MILLION)
    • INFRARED SENSORS
      • Table INFRARED SENSORS MARKET, BY REGION, 2013-2020 (USD MILLION)
    • SPECTROMETER
      • Table SPECTROMETER MARKET, BY REGION, 2013-2020 (USD MILLION)
    • CORROSION PROBES
      • Table CORROSION PROBES MARKET, BY REGION, 2013-2020 (USD MILLION)
    • SPECTRUM ANALYSER
      • Table SPECTRUM ANALYSER MARKET, BY REGION, 2013-2020 (USD MILLION)
    • OTHERS
      • Table OTHERS MARKET, BY REGION, 2013-2020 (USD MILLION)
  • MARKET, BY APPLICATION
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET BY APPLICATION, 2013-2020 (USD MILLION)
    • AEROSPACE & DEFENSE
      • Table AEROSPACE & DEFENSE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
      • Table AEROSPACE & DEFENSE: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table AEROSPACE & DEFENSE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
    • AUTOMOTIVE
      • Table AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020, (USD MILLION)
      • Table AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
    • CHEMICALS
      • Table CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
      • Table CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
    • MARINE
      • Table MARINE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
      • Table MARINE: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table MARINE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
    • METALS & MINING
      • Table METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
      • Table METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
    • OIL & GAS
      • Table OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020, (USD MILLION)
      • Table OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
    • ENERGY & POWER
      • Table ENERGY & POWER: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
      • Table ENERGY & POWER: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020, (USD MILLION)
      • Table ENERGY & POWER: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
    • OTHERS
      • Table OTHERS: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
      • Table OTHERS: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table OTHERS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
  • MARKET, BY MONITORING PROCESS
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
    • PORTABLE CONDITION MONITORING
      • Table PORTABLE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION)
      • Table PORTABLE CONDITION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
      • Table PORTABLE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
    • ONLINE CONDITION MONITORING
      • Table ONLINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020, (USD MILLION)
      • Table ONLINE CONDITION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
      • Table ONLINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2013-2020 (MILLION USD)
      • Table NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
    • EUROPE
      • Table EUROPE: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
      • Table EUROPE: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table EUROPE: MACHINE CONDITION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
    • APAC
      • Table APAC: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
      • Table APAC: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table APAC: MACHINE CONDITION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
    • ROW
      • Table ROW: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
      • Table ROW: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION)
      • Table ROW: MACHINE CONDITION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS FOR THE MACHINE CONDITION MONITORING MARKET, 2014
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2014-2015
      • CONTRACTS & AGREEMENTS
        • Table CONTRACTS & AGREEMENTS, 2012-2013
      • EXPASNIONS & PARTNERSHIPS
        • Table EXPANSIONS & PARTNERSHIPS, 2012-2013
      • MERGERS & ACQUISITIONS
        • Table MERGER & ACQUISITIONS
  • COMPANY PROFILES
    • INTRODUCTION
    • EMERSON PROCESS MANAGEMENT
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HONEYWELL INTERNATIONAL INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NATIONAL INSTRUMENTS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMEMENTS
      • MNM VIEW
    • SKF AB
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PARKER HANNIFIN CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ROCKWELL AUTOMATION, INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
    • BRÜEL & KJAER VIBRO GMBH
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
    • AZIMA DLI CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
    • FLUKE CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
    • SAJ ENGINEERING AND TRADING COMPANY
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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