Machine Condition Monitoring Market – Forecasts from 2017 to 2022 – Analysis By Component Type, Application & Geography – Research and Markets

The "Machine
Condition Monitoring Market - Forecasts from 2017 to 2022"
report has been added to Research and Markets' offering.

Machine Condition Monitoring market is expected to grow at a CAGR of
7.37% to reach US$2.168 billion by 2022, increasing from US$1.520
billion in 2017.

Machine condition monitoring helps in prevention of machine failures and
costly repair by analyzing the faults at the initial stage. Faults can
be found out by various monitoring processes such as vibration
monitoring, thermography, spectrographic monitoring among others. A
shift of maintenance process from preventive to predictive across
industries to eliminate unnecessary maintenance cost is a key factor for
the market growth.

Other factors such as the deployment of wireless technologies in machine
conditioning, remote monitoring, and growth of HVAC industries is also
contributing to the market growth. Emerging trend of industrial IoT and
the advent of big data analytics will create significant opportunities
for the machine condition monitoring solution vendors over the next five
years. However, unpredictable maintenance period will hinder the market
growth during the forecast period.

Geographically, North America held the largest share of the Global
Machine Condition Monitoring market in 2016 owing to high demand from
oil and gas sector in the region. Discovery of new oil and natural gas
reserves in the U.S. has led to an increasing demand for these
solutions. The presence of a large number of key players in the region
also contributes to the dominance of North American region.

Companies Mentioned

• Azima DLI Corporation
• Emerson Electric Co.
• General Electric
• Honeywell International
• Rockwell Automation
• AB SKF
• National Instruments Corporation
• Meggitt PLC
• Bruel and Kjaer Vibro
• ALS Ltd
• Schaeffler Technologies AG & Co.
• PCB Piezotronics

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Machine Condition Monitoring Market Forecast by Component Type (US$
Billion)

6. Machine Condition Monitoring Market Forecast by Application (US$
Billion)

7. Machine Condition Monitoring Market Forecast by Geography (US$
Billion)

8. Competitive Intelligence

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/j7373n/machine_condition

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