Machine Condition Monitoring is a technique used to detect the condition of a machine or its different components. It consists of condition monitoring apparatus, procedures, schedules as well as methods for data collection and analysis procedures. Machine condition monitoring decides the maintenance of the machine by monitoring its condition; thus increasing the efficiency of the assets and time for repair. Monitoring a system include non-invasive measurement, visual checkup, performance data and programmed investigation. It indicates the sign of decreasing performance or emergency shutdowns; thereby prevents complete system failure of the industry. It is a preventive maintenance method as it concludes equipment status before a breakdown occurs.
The report ‘Machine Condition Monitoring Market’ includes proficient insights along with an in-depth analysis of various technological and commercial factors. This report provides a vivid study of machine condition monitoring based on its types which includes vibration analysis, lubricant analysis and acoustic emission among others. This is subsequently followed by market segmentation based on components that comprises of ultrasound detector, vibration sensor, corrosion probes and others.
The machine condition monitoring market has also been analyzed based on various end user industries which include Aerospace, Marine, Automotive and several others. The geographic regions comprises of Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) that are further categorized into prominent countries possessing a notable market for Machine Condition Monitoring.
The machine condition monitoring market is projected to grow due to the shift from preventive maintenance to predictive maintenance in numerous industries for sufficient warning time and predicting failure of the system. The American market generated highest revenue for Machine Condition Monitoring in 2015, closely followed by Europe. Furthermore, the APAC market is projected to be the fastest growing region in the forecast period. Apart from the geographical segmentation of the market, the report also includes pricing and value chain analysis separately that will provide key insights and market scenario. Forecasts are provided for all the market segments for the period 2016-2021.
Major players in the global machine condition monitoring market are
- Azima DLI Corporation (U.S.),
- Emerson Process Management (U.S.),
- General Electric Company (U.S.),
- Honeywell International, Inc. (U.S.),
- Rockwell Automation, Inc. (U.S.),
- SKF (Sweden)
- Fluke Corporation (U.S.) among others.
1. Machine Condition Monitoring Market Overview
2. Executive Summary
3. Machine Condition Monitoring Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End-User profiling
3.2.3. Patent Analysis
3.2.4. Top 5 Financials Analysis
4. Machine Condition Monitoring – Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Machine Condition Monitoring Market -
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Machine Condition Monitoring - Market Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Machine Condition Monitoring- By Types
6.1. Vibration Analysis & Diagnostics
6.2. Lubricant Analysis
6.3. Acoustic Emission
6.4. Infrared Thermography
6.5. Ultrasound Testing
6.6. Motor Condition Monitoring & Motor current
7. Machine Condition Monitoring - Market By Component
7.2. Ultrasound Detector
7.3. Vibration Sensor
7.4. Corrosion Probes
8. Machine Condition Monitoring - Market By Application
8.6. Power Plants
9. Machine Condition Monitoring - Market By Geography
10. Market Entropy
10.1. New Product Launches
10.2. M&As, Collaborations, JVs and Partnerships
11. Company Profiles
11.1. Azima DLI Corporation
11.2. Honeywell International Inc.
11.3. National Instrument Corporation
11.4. Bruel & Kjaer Sound and Vibration Measurement
11.5. Saj Engineering & Trading Company
11.6. Parker-Hannifin Corporation
11.7. Motion Industries, Inc.
11.8. PDS Condition Monitoring Services PTY LTD
11.9. Emerson Process Management
11.10. SKF Condition Monitoring Inc.
11.11. The Timken Company
11.12. Fluke Corporation
11.13. FLIR Systems Inc.
11.14. NSK LTD.
11.15. Shinkawa Electric Co.
11.16. SPM Instrument AB
11.17. DLI Engineering Corp
11.18. Rohr back Cosasco Systems
11.19. Scientific Monitoring Inc.
11.20. Rockwell Automation Inc.
11.21. PCB Piezotronics Inc.
11.22. W.W. Grainger, Inc.
11.23. General Electric Company
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
12.3. Research Methodology
12.5. Compilation of Expert Insights