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Analysis of the Global Condition Monitoring Equipment Market

  • April 2015
  • -
  • Frost & Sullivan
  • -
  • 104 pages

Cautious Optimism Despite Strong Headwinds

The condition monitoring equipment market is going through a difficult phase. Growing concerns about the global economy, turbulent oil prices, and geopolitical factors are challenging the market. Despite these challenges, pockets of opportunities across the industry have helped sustain the market. Frost & Sullivan’s assessment of the global condition monitoring equipment market in 2014 covers vibration condition monitoring equipment, lubricating oil analysis equipment, and thermography equipment. This report identifies key opportunities for growth while detailing key challenges and possible threats. The forecast period is from 2015 to 2019, with 2014 as the base year.

Key Findings

- The global condition monitoring equipment market is going through a difficult phase. Growing concerns about the global economy, turbulent oil prices, and geopolitical factors are challenging the market.
- Despite these challenges, pockets of opportunities across the market have helped sustain the condition monitoring equipment market.
- Technology improvements have played an important role in improving the usability, effectiveness, and capabilities of condition monitoring equipment, while bringing down costs.
- The convergence of technologies across many different areas, including wireless communication, sensors, cloud computing, data analytics, smart factories, and smart
mobility, is expected to give rise to new growth opportunities.
- Because of an aging workforce and the lack of skilled personnel, customers are turning to their hardware providers for additional support. Opportunities in design, installation, maintenance, data collection, and diagnostic services have created alternate revenue streams for condition monitoring equipment companies.
- Europe was a key region for concern in 2013. As the second largest market in terms of revenue contribution, the slowdown in manufacturing in this region directly impacted
market growth.
- The vibration condition monitoring equipment segment continues to be the dominant revenue contributor, with a market share of % in 2014.

Table Of Contents

Analysis of the Global Condition Monitoring Equipment Market
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective

2. MARKET OVERVIEW

Market Overview
Market Definitions
Key Questions This Study Will Answer
Market Segmentation

3. DRIVERS AND RESTRAINTS—TOTAL CONDITION MONITORING EQUIPMENT MARKET

Drivers and Restraints—Total Condition Monitoring Equipment Market
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. FORECASTS AND TRENDS—TOTAL CONDITION MONITORING EQUIPMENT MARKET

Forecasts and Trends—Total Condition Monitoring Equipment Market
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Pricing Trends Discussion—Vibration Condition Monitoring Equipment Segment
Pricing Trends Discussion—Lubricating Oil Analysis Equipment Segment
Pricing Trends Discussion—Thermography Equipment Segment
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by End-user Industry
Revenue Forecast Discussion by End-user Industry

5. MARKET SHARE AND COMPETITIVE ANALYSIS—TOTAL CONDITION MONITORING EQUIPMENT MARKET

Market Share and Competitive Analysis—Total Condition Monitoring Equipment Market
Market Share
Market Share Analysis
Competitive Environment
Top Competitors
Competitive Factors and Assessment

6. MEGA TRENDS AND INDUSTRY CONVERGENCE IMPLICATIONS

Mega Trends and Industry Convergence Implications
Mega Trend Impact on the Global Condition Monitoring Equipment Market
Connectivity and Convergence
Big Data Analytics
Benchmarking Top Industries by Commercial Attractiveness
Industry Convergence—Big Data and Condition Monitoring
Opportunities for Big Data and Industrial Condition Monitoring
Top 3 Trends Driving Big Data in Condition Monitoring
Impact of Big Data on the Global Condition Monitoring Equipment Market
Case Study—GE's Industrial Internet Platform

7. VIBRATION CONDITION MONITORING EQUIPMENT SEGMENT ANALYSIS

Vibration Condition Monitoring Equipment Segment Analysis
Vibration Condition Monitoring Equipment Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Product Type
Revenue Forecast by Product Type
Revenue Forecast Discussion by Product Type
Vibration Monitoring Services
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by End-user Industry
Revenue Forecast Discussion by End-user Industry
Market Share
Market Share Analysis
Competitive Environment

8. LUBRICATING OIL ANALYSIS EQUIPMENT SEGMENT ANALYSIS

Lubricating Oil Analysis Equipment Segment Analysis
Lubricating Oil Analysis Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by End-user Industry
Revenue Forecast Discussion by End-user Industry
Market Share
Market Share Analysis
Competitive Environment

9. THERMOGRAPHY EQUIPMENT SEGMENT ANALYSIS

Thermography Equipment Segment Analysis
Thermography Equipment Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by End-user Industry
Revenue Forecast Discussion by End-user Industry
Market Share
Market Share Analysis
Competitive Environment

10. THE LAST WORD

The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer

11. APPENDIX

Appendix
Market Engineering Methodology
List of Other Companies

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