Global Machine Condition Monitoring Market 2016-2020

  • TEC612706
  • 124 Pages
  • June 2016
  • Machines
About the Machine Condition Monitoring Market

During the course of the 20th century, maintenance strategies have gone through many changes. Currently, predictive and proactive strategies present the maximum benefits at minimum expenditure. However, the preventive or scheduled maintenance approach is the most widely used strategy, particularly among the SMEs. This is mainly due to their reluctance to shift from a maintenance strategy that they have adapted over the years and the misconception that predictive and proactive strategies are expensive. With increased awareness, we expect the predictive and proactive approach to gain considerable momentum in the coming years.

Technavios analysts forecast the global machine condition monitoring market to grow at a CAGR of 4.02% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global machine condition monitoring market for 2016-2020. The report considers the revenue generated from the sales of the following:
Software, software licenses, and renewal of software licenses
Upgrades of existing solutions
Maintenance and services
Note: The report only considers revenues generated from machine condition monitoring systems used in/for plant equipment and machinery.

The market is divided into the following segments based on geography:

Technavio's report, Global Machine Condition Monitoring Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the operating in this market.

Key vendors
Emerson Electric
General Electric
National Instruments
Rockwell Automation

Other prominent vendors
Azima DLI
Bruel & Kjaer Sound and Vibration Measurement
DLI Engineering
FLIR Systems
Motion Industries
PCB Piezotronics
PDS Condition Monitoring Services
Rohrback Cosasco
Saj Engineering & Trading Company
Scientific Monitoring
SPM Instrument
W.W. Grainger

Market driver
Shift from preventive maintenance to predictive maintenance
For a full, detailed list, view our report

Market challenge
Lack of customization and increased costs
For a full, detailed list, view our report

Market trend
Integration of IoT in machine condition monitoring
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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