Global Machine Condition Monitoring Market Analysis 2022

Best Price Guarantee	Publisher	Published Date	SKU
from $2,800	Syngene Research LLP	April, 2022	SYNR17296660

Best Price Guarantee
Price	from $2,800
Publisher	Syngene Research LLP
Published Date	April, 2022
SKU	SYNR17296660

Global Machine Condition Monitoring Market Analysis 2022

The Global Machine Condition Monitoring Market is expected to reach $4.34 billion by 2028 growing at a CAGR of 8.4% from 2021 to 2028. Machine condition monitoring is the process of monitoring the condition of a machine with the intent to predict mechanical wear and failure. Machine monitoring includes corrosion monitoring, thermography, ultrasound emission, vibration monitoring, motor current analysis, and oil analysis. These processes aid in predicting the mechanical wear and tear and diagnosing the site of unwanted noise, vibration, and heat generation that can damage the machine's components.

Factors such as rising awareness regarding the benefits of installing condition monitoring systems, growing use of predictive maintenance techniques, and increasing inclination toward real-time condition monitoring are driving the growth of the market. However, presence of alternatives and lack of trust in prediction capabilities are restraining the growth of the market.

Based on end user, the automotive and transportation segment is going to have a lucrative growth during the forecast period which can be attributed to the increasing technological advancements in the industry. The increased complexity is leading to possible production errors. However, automobile manufacturers cannot afford these errors in the current, highly competitive environment. Therefore, manufacturers are highly dependent on an effective approach to provide the quality that the customers demand. This has led to an increase in the adoption rate of machine condition monitoring systems.

The key vendors mentioned are Allied Reliability, AMETEK Spectro Scientific, Amphenol, Inc, Analog Devices, Inc, Brüel & Kjaer Vibro, Emerson Electric Co, FLIR Systems Inc, Fluke Corporation, Gastops Ltd, General Electric, Meggitt Sensing Systems (Meggitt PLC), National Instruments Corp, Nippon Avionics Co., Ltd, Parker Hannifin Corp, Perkin Elmer Inc, Rockwell Automation Inc, SKF AB, and Thermo Fisher Scientific Inc.

Monitoring Processes Covered:

Handheld Condition Monitoring
Online Condition Monitoring
Optical Condition Monitoring
Portable Condition Monitoring
Web-based Condition Monitoring

Monitoring Techniques Covered:

Corrosion Monitoring
Electrical Monitoring
Laser Interferometry
Motor Current Analysis
Oil Analysis
Performance Monitoring
Radiography
Thermography
Ultrasound Emission Monitoring
Vibration Monitoring

Offerings Covered:

Hardware
Software
Services

Deployment Types Covered:

On-premises
Cloud

End Users Covered:

Aerospace and Defense
Automotive and Transportation
Cement
Chemical & Petrochemical Industry
Food & Beverages
Marine
Mining
Oil & Gas
Pharmaceutical
Power Generation
Process and Manufacturing
Pulp & Paper
Steel & Metal
Water & Wastewater

Regions Covered:

North America
Europe
Asia Pacific
South America
Middle East & Africa

Key Questions Answered in this Report:

How this market evolved since the year 2020
Market size estimations, forecasts and CAGR for all the segments presented in the scope
Key Market Developments and financials of the key players
Opportunity Analysis for the new entrants
SWOT Analysis of the key players
Fastest growing markets analyzed during the forecast period

1 Market Synopsis
2 Research Outline: 2.1 Research Snapshot; 2.2 Research Methodology; 2.3 Research Sources; 2.3.1 Primary Research Sources; 2.3.2 Secondary Research Sources
3 Market Dynamics: 3.1 Drivers; 3.2 Restraints
4 Market Environment: 4.1 Bargaining power of suppliers; 4.2 Bargaining power of buyers; 4.3 Threat of substitutes; 4.4 Threat of new entrants; 4.5 Competitive rivalry
5 Global Machine Condition Monitoring Market, By Monitoring Process: 5.1 Introduction; 5.2 Handheld Condition Monitoring; 5.3 Online Condition Monitoring; 5.4 Optical Condition Monitoring; 5.5 Portable Condition Monitoring; 5.6 Web-based Condition Monitoring
6 Global Machine Condition Monitoring Market, By Monitoring Technique: 6.1 Introduction; 6.2 Corrosion Monitoring; 6.3 Electrical Monitoring; 6.4 Laser Interferometry; 6.5 Motor Current Analysis; 6.6 Oil Analysis; 6.7 Performance Monitoring; 6.8 Radiography; 6.9 Thermography; 6.10 Ultrasound Emission Monitoring; 6.11 Vibration Monitoring
7 Global Machine Condition Monitoring Market, By Offering: 7.1 Introduction; 7.2 Hardware; 7.3 Software; 7.4 Services
8 Global Machine Condition Monitoring Market, By Deployment Type: 8.1 Introduction; 8.2 On-premises; 8.3 Cloud
9 Global Machine Condition Monitoring Market, By End User: 9.1 Introduction; 9.2 Aerospace and Defense; 9.3 Automotive and Transportation; 9.4 Cement; 9.5 Chemical & Petrochemical Industry; 9.6 Food & Beverages; 9.7 Marine; 9.8 Mining; 9.9 Oil & Gas; 9.10 Pharmaceutical; 9.11 Power Generation; 9.12 Process and Manufacturing; 9.13 Pulp & Paper; 9.14 Steel & Metal; 9.15 Water & Wastewater
10 Global Machine Condition Monitoring Market, By Geography: 10.1 Introduction; 10.2 North America; 10.3 Europe; 10.4 Asia Pacific; 10.5 South America; 10.6 Middle East & Africa
11 Strategic Benchmarking
12 Vendors Landscape: 12.1 Allied Reliability; 12.2 AMETEK Spectro Scientific; 12.3 Amphenol, Inc; 12.4 Analog Devices, Inc; 12.5 Brüel & Kjaer Vibro; 12.6 Emerson Electric Co; 12.7 FLIR Systems Inc; 12.8 Fluke Corporation; 12.9 Gastops Ltd; 12.10 General Electric; 12.11 Meggitt Sensing Systems (Meggitt PLC); 12.12 National Instruments Corp; 12.13 Nippon Avionics Co., Ltd; 12.14 Parker Hannifin Corp; 12.15 Perkin Elmer Inc; 12.16 Rockwell Automation Inc; 12.17 SKF AB; 12.18 Thermo Fisher Scientific Inc
List of Data Tables: Table 1 Global Machine Condition Monitoring Market Outlook, By Region (2020-2028) ($MN); Table 2 Global Machine Condition Monitoring Market Outlook, By Monitoring Process (2020-2028) ($MN); Table 3 Global Machine Condition Monitoring Market Outlook, By Handheld Condition Monitoring (2020-2028) ($MN); Table 4 Global Machine Condition Monitoring Market Outlook, By Online Condition Monitoring (2020-2028) ($MN); Table 5 Global Machine Condition Monitoring Market Outlook, By Optical Condition Monitoring (2020-2028) ($MN); Table 6 Global Machine Condition Monitoring Market Outlook, By Portable Condition Monitoring (2020-2028) ($MN); Table 7 Global Machine Condition Monitoring Market Outlook, By Web-based Condition Monitoring (2020-2028) ($MN); Table 8 Global Machine Condition Monitoring Market Outlook, By Monitoring Technique (2020-2028) ($MN); Table 9 Global Machine Condition Monitoring Market Outlook, By Corrosion Monitoring (2020-2028) ($MN); Table 10 Global Machine Condition Monitoring Market Outlook, By Electrical Monitoring (2020-2028) ($MN); Table 11 Global Machine Condition Monitoring Market Outlook, By Laser Interferometry (2020-2028) ($MN); Table 12 Global Machine Condition Monitoring Market Outlook, By Motor Current Analysis (2020-2028) ($MN); Table 13 Global Machine Condition Monitoring Market Outlook, By Oil Analysis (2020-2028) ($MN); Table 14 Global Machine Condition Monitoring Market Outlook, By Performance Monitoring (2020-2028) ($MN); Table 15 Global Machine Condition Monitoring Market Outlook, By Radiography (2020-2028) ($MN); Table 16 Global Machine Condition Monitoring Market Outlook, By Thermography (2020-2028) ($MN); Table 17 Global Machine Condition Monitoring Market Outlook, By Ultrasound Emission Monitoring (2020-2028) ($MN); Table 18 Global Machine Condition Monitoring Market Outlook, By Vibration Monitoring (2020-2028) ($MN); Table 19 Global Machine Condition Monitoring Market Outlook, By Offering (2020-2028) ($MN); Table 20 Global Machine Condition Monitoring Market Outlook, By Hardware (2020-2028) ($MN); Table 21 Global Machine Condition Monitoring Market Outlook, By Software (2020-2028) ($MN); Table 22 Global Machine Condition Monitoring Market Outlook, By Services (2020-2028) ($MN); Table 23 Global Machine Condition Monitoring Market Outlook, By Deployment Type (2020-2028) ($MN); Table 24 Global Machine Condition Monitoring Market Outlook, By On-premises (2020-2028) ($MN); Table 25 Global Machine Condition Monitoring Market Outlook, By Cloud (2020-2028) ($MN); Table 26 Global Machine Condition Monitoring Market Outlook, By End User (2020-2028) ($MN); Table 27 Global Machine Condition Monitoring Market Outlook, By Aerospace and Defense (2020-2028) ($MN); Table 28 Global Machine Condition Monitoring Market Outlook, By Automotive and Transportation (2020-2028) ($MN); Table 29 Global Machine Condition Monitoring Market Outlook, By Cement (2020-2028) ($MN); Table 30 Global Machine Condition Monitoring Market Outlook, By Chemical & Petrochemical Industry (2020-2028) ($MN); Table 31 Global Machine Condition Monitoring Market Outlook, By Food & Beverages (2020-2028) ($MN); Table 32 Global Machine Condition Monitoring Market Outlook, By Marine (2020-2028) ($MN); Table 33 Global Machine Condition Monitoring Market Outlook, By Mining (2020-2028) ($MN); Table 34 Global Machine Condition Monitoring Market Outlook, By Oil & Gas (2020-2028) ($MN); Table 35 Global Machine Condition Monitoring Market Outlook, By Pharmaceutical (2020-2028) ($MN); Table 36 Global Machine Condition Monitoring Market Outlook, By Power Generation (2020-2028) ($MN); Table 37 Global Machine Condition Monitoring Market Outlook, By Process and Manufacturing (2020-2028) ($MN); Table 38 Global Machine Condition Monitoring Market Outlook, By Pulp & Paper (2020-2028) ($MN); Table 39 Global Machine Condition Monitoring Market Outlook, By Steel & Metal (2020-2028) ($MN); Table 40 Global Machine Condition Monitoring Market Outlook, By Water & Wastewater (2020-2028) ($MN); Table 41 North America Machine Condition Monitoring Market Outlook, By Monitoring Process (2020-2028) ($MN); Table 42 North America Machine Condition Monitoring Market Outlook, By Monitoring Technique (2020-2028) ($MN); Table 43 North America Machine Condition Monitoring Market Outlook, By Offering (2020-2028) ($MN); Table 44 North America Machine Condition Monitoring Market Outlook, By Deployment Type (2020-2028) ($MN); Table 45 North America Machine Condition Monitoring Market Outlook, By End User (2020-2028) ($MN); Table 46 Europe Machine Condition Monitoring Market Outlook, By Monitoring Process (2020-2028) ($MN); Table 47 Europe Machine Condition Monitoring Market Outlook, By Monitoring Technique (2020-2028) ($MN); Table 48 Europe Machine Condition Monitoring Market Outlook, By Offering (2020-2028) ($MN); Table 49 Europe Machine Condition Monitoring Market Outlook, By Deployment Type (2020-2028) ($MN); Table 50 Europe Machine Condition Monitoring Market Outlook, By End User (2020-2028) ($MN); Table 51 Asia Pacific Machine Condition Monitoring Market Outlook, By Monitoring Process (2020-2028) ($MN); Table 52 Asia Pacific Machine Condition Monitoring Market Outlook, By Monitoring Technique (2020-2028) ($MN); Table 53 Asia Pacific Machine Condition Monitoring Market Outlook, By Offering (2020-2028) ($MN); Table 54 Asia Pacific Machine Condition Monitoring Market Outlook, By Deployment Type (2020-2028) ($MN); Table 55 Asia Pacific Machine Condition Monitoring Market Outlook, By End User (2020-2028) ($MN); Table 56 South America Machine Condition Monitoring Market Outlook, By Monitoring Process (2020-2028) ($MN); Table 57 South America Machine Condition Monitoring Market Outlook, By Monitoring Technique (2020-2028) ($MN); Table 58 South America Machine Condition Monitoring Market Outlook, By Offering (2020-2028) ($MN); Table 59 South America Machine Condition Monitoring Market Outlook, By Deployment Type (2020-2028) ($MN); Table 60 South America Machine Condition Monitoring Market Outlook, By End User (2020-2028) ($MN); Table 61 Middle East & Africa Machine Condition Monitoring Market Outlook, By Monitoring Process (2020-2028) ($MN); Table 62 Middle East & Africa Machine Condition Monitoring Market Outlook, By Monitoring Technique (2020-2028) ($MN); Table 63 Middle East & Africa Machine Condition Monitoring Market Outlook, By Offering (2020-2028) ($MN); Table 64 Middle East & Africa Machine Condition Monitoring Market Outlook, By Deployment Type (2020-2028) ($MN); Table 65 Middle East & Africa Machine Condition Monitoring Market Outlook, By End User (2020-2028) ($MN)