1. Market Research

Analysis of the Global Condition Monitoring Equipment Market

  • April 2015
  • 104 pages
  • Frost & Sullivan
Report ID: 2861530

Summary

Table of Contents

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.