1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
Machine Condition Monitoring Market by Monitoring Type, Offering, Industry, Monitoring Process, and Geography - Global Forecast to 2022

Machine Condition Monitoring Market: Global Forecast until 2022

  • November 2016
  • 189 pages
  • ID: 4364962
In this report:
The market for motor current signature analysis (MCSA) for the aerospace & defense industry is expected to grow at the highest CAGR of ##.##% between 2016 and 2022.
The machine condition monitoring market registered a shipment of ##.## thousand units in 2015, which is expected to reach ##.## thousand units by 2022, at a CAGR of ##.##% between 2016 and 2022.

Summary

Table of Contents

Search Inside

"Machine condition monitoring market to exhibit a significant increase potential between 2016 and 2022"

The machine condition monitoring market is anticipated to increase at a compound annual growth rate (CAGR) of 7.00 percent between 2016 and 2022 and is likely to be valued at ~$3.1B by 2022. The main driving factors for the increase ot the machine condition monitoring market are the growing use of wireless communication technology, increase in the HVAC systems market, growing trend of smart factory or Market 4.0, and transition from preventive to predictive maintenance. Nevertheless, the main restraining factors for the increase of this market are unpredictable maintenance schedules and additional expenses incurred in retrofitting the existing systems.

"Market for motor current signature review forecasted to grow at the maximal rate during projection period"

The sector for MCSA is anticipated to rise at an important compound annual growth rate (CAGR) between 2016 and 2022. The common reasons for motor failures contain 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 most important share of the global machine condition monitoring market in 2016"

The oil and gas sector is forecasted to hold the biggest share of the overall machine condition monitoring market in 2016. The oil and gas markets use extremely complex and expensive equipment including boilers, pumps, generators, and piping network for their operations. The equipment consumes a lot of power and generates an equally big amount of heat. Even a minor fault in the equipment can result into a rise 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 sectors.

"Asia-Pacific to be the quickest developing market for machine condition monitoring during the outlook period"

The industry for machine condition monitoring in Asia-Pac is anticipated to grow at an important rate between 2016 and 2022. Quick industrialization, increasing adoption of predictive maintenance tools, and competitive pressure to accomplish operational efficiency are driving the increase of the machine condition monitoring market in this area.

The break-up of the profiles of primary members taking part for the industry report has been provided below.

- By Company Type: Tier 1 - 50.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 20.0 percent

- By Designation: C-suite executives - 60.0 percent, Directors- 25.0 percent, and Others - 15.0 percent

- By area: North america (NA) - 35.0 percent, Europe - 25.0 percent, APAC - 30.0 percent, and rest of the world - 10.0 percent

The top players operating in the machine condition monitoring market contain Emerson Electric (NYSE:EMR), General Electric (NYSE:GE), Honeywell (NYSE:HON), National Instruments Corp., SKF AB, Parker Hannifin Corp., Rockwell Automation (NYSE:ROK), Bruel & Kjaer Vibro GmbH, Azima DLI Corp., Meggitt PLC, ALS Ltd., and Schaeffler AG.

Segment Research

The research report on the overall machine condition monitoring market includes distinct segments-monitoring type, offering, sector, monitoring process, and territory. The market has been split on the basis of monitoring type into vibration monitoring, thermography, lubricating oil study, corrosion monitoring, ultrasound emission, and MCSA. On the basis of offering, the machine condition monitoring market has been categorized into hardware and software.

The machine condition monitoring market has been split on the basis of market into oil and gas, energy and power, metals and mining, chemicals, automotive, aerospace and defense, food and beverages, marine, and others. Additionally, the study contains two types of monitoring processes-online monitoring and portable monitoring. The analysis includes the industry in four main geographical regions-North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation, review, and estimate for the sector based monitoring type, offering, market, monitoring process, and area have been organized to give an global view of the machine condition monitoring market.

The porter's five forces scheme has been utilized, together with the value chain study, to offer a detailed insight into the machine condition monitoring market.

The main drivers, market restraints, alternatives, and opportunities for the machine condition monitoring market have been precised in this industry report.

The market research includes an exhaustive competitive analysis, together with complete study and revenue of main actors.

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

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
NVH Testing Market by Application, Type, End User, Geography - Global Forecast to 2023

NVH Testing Market: Global Forecast until 2023

  • $ 5650
  • Industry report
  • January 2018
  • by MarketsandMarkets

NVH testing market projected to witness significant growth between 2017 and 2023The NVH testing market is estimated to be valued at USD 1.72 billion in 2017 and is projected to reach USD 2.21 billion by ...

Global Industrial Vibration Sensor Market 2018-2022

Industrial Vibration Sensor Sector: Worldwide Forecast until 2022

  • $ 3500
  • Industry report
  • December 2017
  • by Infiniti Research Limited

About Industrial Vibration SensorThe industrial vibration sensor market appears to be fragmented owing to the presence of several international, regional, and local players. The competition among the industrial ...

Global MEMS Market for Mobile Devices 2017-2021

MEMS Sector, focus on Mobile Devices: Worldwide Forecast until 2021

  • $ 3500
  • Industry report
  • December 2017
  • by Infiniti Research Limited

About MEMS for Mobile DevicesMEMS devices are miniaturized devices and structures that are made using the technique of microfabrication. The MEMS technology combines mechanical, optical, and fluidic elements ...


ref:plp2016

Reportlinker.com © Copyright 2018. All rights reserved.

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