Machine Condition Monitoring Market Size, Growth, Segmentation, Share, Forecast 2019-2025

The global machine condition monitoring market is expected witness a CAGR of 4.7% between the forecast period of 2019-2025. Condition monitoring is a technology that tracks the health and performance of a machine over time. Condition monitoring allows manufacturers to measure parameters such as temperature, current, vibration, and RPM against set thresholds to pinpoint signs of degradation. The machine condition monitoring system helps to predict mechanical wear and tear by monitoring the condition of the machine such as temperature, humidity, pressure, etc. Additionally, noise, temperature and vibration measurements are key indicators of equipment health. Equipment failure leads to enormous losses, which promotes the adoption of machine condition monitoring systems in various industries such as oil and gas, metals and mining, food and beverage, and automobiles.

Machine condition monitoring technology is widely used to find faults or failures in machines such as vibration, noise and temperature measurements. Machine condition monitoring procedures are particularly widely used in pumps, rotating equipment, internal combustion engines, electric motors and presses. Machine condition monitoring is an important part of the predictive maintenance process.

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The following players are covered in this report:

• Emerson Electric
• General Electric
• Honeywell
• National Instruments
• Skf
• Meggitt
• Parker Hannifin
• Rockwell Automation
• Schaeffler
• Azima Dli
• Bruel & Kjaer
• Fluke Corporation
• Pruftechnik Dieter Busch
• Pcb Piezotronics

Machine Condition Monitoring Market segmentation by Application

• Oil & Gas
• Power Generation
• Metals & Mining
• Chemicals
• Automotive
• Aerospace & Defense
• Food & Beverages
• Others
Machine Condition Monitoring Market segmentation by Type
• Online Machine Monitoring
• Portable Machine Monitoring
• Others

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Scope of the Report

The research study analyses the global Machine Condition Monitoring industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Machine Condition Monitoring Market Report
1. What was the Machine Condition Monitoring Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
2. What will be the CAGR of Machine Condition Monitoring Market during the forecast period (2019-2025)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2025).
4. Which manufacturer/vendor/players in the Machine Condition Monitoring Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.