Global Machine Condition Monitoring Market : Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025
- PRO1206024
- 0 Pages
- March 2017
- ICT & Media
The use of condition monitoring facilitates extended bearing service life, minimized unscheduled downtime, maximized machine productivity, minimized number of open, inspect & repair if necessary, safely extend overhaul intervals, and increased machine life.
It allows maintenance to be scheduled, or other actions to be taken to prevent failure and avoid its consequences. However, there are some shortcomings of condition monitoring such as all machines not following the same schedule and minor errors, for instance, alignment, mounting conditions, and balancing of components, which are expected to dematerialize in the coming year owing to the research activities being conducted by the key manufacturers in the market. The global machine condition monitoring market is expected to grow at a CAGR of 6.8% from 2017 to 2025.
Based on technology, the market comprises of lubricating oil analysis, vibration analysis & diagnostics, corrosion monitoring, infrared thermography, motor current signature analysis (MCSA), and ultrasound emission testing. Vibration analysis & diagnostics machine condition monitoring is one of the leading markets in 2015. Furthermore, the market is categorized based on industry vertical of machine condition monitoring, which includes oil and gas, steel and metal, chemical & petrochemical, automotive, pharmaceutical, and others (cement, power, pulp & paper, and food & beverage). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
• The demand for machine condition monitoring market is expected to rise due to enhanced life and proper maintenance of machines enabled by machine monitoring system.
• Machine monitoring system eliminates unexpected downtime & reduce repair cost.
Restraints:
• Extra cost incurred in case of minor errors in machine condition monitoring system restrain the market growth.
Market Players:
The top players in the global machine condition monitoring market include Honeywell International Inc., General Electric Company, Emerson Process Management, National Instruments Corporation, Rockwell Automation, Inc., and others.
KEY TAKEAWAYS
MARKET LANDSCAPE
• By Technology
o Lubricating Oil Analysis
o Vibration Analysis & Diagnostics
o Corrosion Monitoring
o Infrared Thermography
o Motor Current Signature Analysis (MCSA)
o Ultrasound Emission Testing
• By Industry Vertical
o Oil and Gas
o Steel and Metal
o Chemical & Petrochemical
o Automotive
o Pharmaceutical
o Others (Cement, Power, Pulp & Paper, and Food & Beverage)
• By Geography
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Spain
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? Australia
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Saudi Arabia
? South Africa
? Rest of LAMEA
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and Recent Industry Development Analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter’s Analysis
3.3.1. Bargaining Power of Buyers
3.3.2. Bargaining Power of Suppliers
3.3.3. Threat of Substitutes
3.3.4. Industry Rivalry
3.3.5. Threat of New Entrants
3.4. Global Machine Condition Monitoring Market Shares Analysis, 2014-2025
3.4.1. Global machine condition monitoring market share by technology, 2014-2025
3.4.2. Global machine condition monitoring market share by industry vertical, 2014-2025
3.4.3. Global machine condition monitoring market share by geography, 2014-2025
4. Global Machine Condition Monitoring Market by Technology
4.1. Lubricating Oil Analysis
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Vibration Analysis & Diagnostics
4.2.1. Historical Market Size by Region, 2014-2016
4.2.2. Market Forecast by Region, 2017-2025
4.3. Corrosion Monitoring
4.3.1. Historical Market Size by Region, 2014-2016
4.3.2. Market Forecast by Region, 2017-2025
4.4. Infrared Thermography
4.4.1. Historical Market Size by Region, 2014-2016
4.4.2. Market Forecast by Region, 2017-2025
4.5. Motor Current Signature Analysis (MCSA)
4.5.1. Historical Market Size by Region, 2014-2016
4.5.2. Market Forecast by Region, 2017-2025
4.6. Ultrasound Emission Testing
4.6.1. Historical Market Size by Region, 2014-2016
4.6.2. Market Forecast by Region, 2017-2025
5. Global Machine Condition Monitoring Market by Industry Vertical
5.1. Oil and Gas
5.1.1. Historical Market Size by Region, 2014-2016
5.1.2. Market Forecast by Region, 2017-2025
5.2. Steel and Metal
5.2.1. Historical Market Size by Region, 2014-2016
5.2.2. Market Forecast by Region, 2017-2025
5.3. Chemical & Petrochemical
5.3.1. Historical Market Size by Region, 2014-2016
5.3.2. Market Forecast by Region, 2017-2025
5.4. Automotive
5.4.1. Historical Market Size by Region, 2014-2016
5.4.2. Market Forecast by Region, 2017-2025
5.5. Pharmaceutical
5.5.1. Historical Market Size by Region, 2014-2016
5.5.2. Market Forecast by Region, 2017-2025
5.6. Others
5.6.1. Historical Market Size by Region, 2014-2016
5.6.2. Market Forecast by Region, 2017-2025
6. Global Machine Condition Monitoring Market by Geography
6.1. North America
6.1.1. U.S.
6.1.1.1. Historical Market Size, 2014-2016
6.1.1.2. Market Forecast, 2017-2025
6.1.2. Canada
6.1.2.1. Historical Market Size, 2014-2016
6.1.2.2. Market Forecast, 2017-2025
6.1.3. Mexico
6.1.3.1. Historical Market Size, 2014-2016
6.1.3.2. Market Forecast, 2017-2025
6.2. Europe
6.2.1. UK
6.2.1.1. Historical Market Size, 2014-2016
6.2.1.2. Market Forecast, 2017-2025
6.2.2. Germany
6.2.2.1. Historical Market Size, 2014-2016
6.2.2.2. Market Forecast, 2017-2025
6.2.3. France
6.2.3.1. Historical Market Size, 2014-2016
6.2.3.2. Market Forecast, 2017-2025
6.2.4. Spain
6.2.4.1. Historical Market Size, 2014-2016
6.2.4.2. Market Forecast, 2017-2025
6.2.5. Italy
6.2.5.1. Historical Market Size, 2014-2016
6.2.5.2. Market Forecast, 2017-2025
6.2.6. Rest of Europe
6.2.6.1. Historical Market Size, 2014-2016
6.2.6.2. Market Forecast, 2017-2025
6.3. Asia-Pacific
6.3.1. China
6.3.1.1. Historical Market Size, 2014-2016
6.3.1.2. Market Forecast, 2017-2025
6.3.2. Japan
6.3.2.1. Historical Market Size, 2014-2016
6.3.2.2. Market Forecast, 2017-2025
6.3.3. India
6.3.3.1. Historical Market Size, 2014-2016
6.3.3.2. Market Forecast, 2017-2025
6.3.4. Australia
6.3.4.1. Historical Market Size, 2014-2016
6.3.4.2. Market Forecast, 2017-2025
6.3.5. South Korea
6.3.5.1. Historical Market Size, 2014-2016
6.3.5.2. Market Forecast, 2017-2025
6.3.6. Rest of Asia-Pacific
6.3.6.1. Historical Market Size, 2014-2016
6.3.6.2. Market Forecast, 2017-2025
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Historical Market Size, 2014-2016
6.4.1.2. Market Forecast, 2017-2025
6.4.2. South Arabia
6.4.2.1. Historical Market Size, 2014-2016
6.4.2.2. Market Forecast, 2017-2025
6.4.3. South Africa
6.4.3.1. Historical Market Size, 2014-2016
6.4.3.2. Market Forecast, 2017-2025
6.4.4. Rest of LAMEA
6.4.4.1. Historical Market Size, 2014-2016
6.4.4.2. Market Forecast, 2017-2025
7. Company profiles
7.1. General Electric Company
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Emerson Process Management
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Honeywell International Inc.
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments
7.4. Svenska Kullagerfabriken AB
7.4.1. Overview
7.4.2. Financials and business segments
7.4.3. Recent developments
7.5. National Instruments Corporation
7.5.1. Overview
7.5.2. Financials and business segments
7.5.3. Recent developments
7.6. Rockwell Automation, Inc.
7.6.1. Overview
7.6.2. Financials and business segments
7.6.3. Recent developments
7.7. Saj Engineering and Trading Company
7.7.1. Overview
7.7.2. Financials and business segments
7.7.3. Recent developments
7.8. Fluke Corporation
7.8.1. Overview
7.8.2. Financials and business segments
7.8.3. Recent developments
7.9. Azima Dli Corporation
7.9.1. Overview
7.9.2. Financials and business segments
7.9.3. Recent developments
7.10. Brüel & Kjaer Vibro GmbH
7.10.1. Overview
7.10.2. Financials and business segments
7.10.3. Recent developments
Table 1. Machine Condition Monitoring Market Share, by Technology, 2014-2025, (%)
Table 2. Machine Condition Monitoring Market Share, by Industry Vertical, 2014-2025, (%)
Table 3. Machine Condition Monitoring Market Value for Lubricating Oil Analysis, by Type, 2014-2025, $million
Table 4. Machine Condition Monitoring Market Value for Vibration Analysis & Diagnostics, by Region, 2017-2025, $million
Table 5. Machine Condition Monitoring Market Value for Corrosion Monitoring, by Region, 2017-2025, $million
Table 6. Machine Condition Monitoring Market Value for Infrared Thermography, by Region, 2017-2025, $million
Table 7. Machine Condition Monitoring Market Value for Motor Current Signature Analysis (MCSA), by Region, 2017-2025, $million
Table 8. Machine Condition Monitoring Market Value for Ultrasound Emission Testing, by Region, 2017-2025, $million
Table 9. Machine Condition Monitoring Market Value for Scaffold-Free Platforms, by Region, 2017-2025, $million
Table 10. Machine Condition Monitoring Market Value for Oil and Gas, by Region, 2017-2025, $million
Table 11. Machine Condition Monitoring Market Value for Steel and Metal, by Region, 2017-2025, $million
Table 12. Machine Condition Monitoring Market Value for Chemical & Petrochemical, by Region, 2017-2025, $million
Table 13. Machine Condition Monitoring Market Value for Automotive, by Region, 2017-2025, $million
Table 14. Machine Condition Monitoring Market Value for Pharmaceutical, by Region, 2017-2025, $million
Table 15. Machine Condition Monitoring Market Value for Others, by Region, 2017-2025, $million
Table 16. Machine Condition Monitoring Market Value for North America, by Region, 2014-2025, $million
Table 17. Machine Condition Monitoring Market Value for North America, by Country, 2014-2025, $million
Table 18. Machine Condition Monitoring Market Value for North America, by Technology, 2014-2025, $million
Table 19. Machine Condition Monitoring Market Value for North America, by Industry Vertical, 2014-2025, $million
Table 20. Machine Condition Monitoring Market Value for Europe, by Country, 2014-2025, $million
Table 21. Machine Condition Monitoring Market Value for Europe, by Technology, 2014-2025, $million
Table 22. Machine Condition Monitoring Market Value for Europe, by Industry Vertical, 2014-2025, $million
Table 23. Machine Condition Monitoring Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 24. Machine Condition Monitoring Market Value for Asia-Pacific, by Technology, 2014-2025, $million
Table 25. Machine Condition Monitoring Market Value for Asia-Pacific, by Industry Vertical, 2014-2025, $million
Table 26. Machine Condition Monitoring Market Value for LAMEA, by Country, 2014-2025, $million
Table 27. Machine Condition Monitoring Market Value for LAMEA, by Technology, 2014-2025, $million
Table 28. Machine Condition Monitoring Market Value for LAMEA, by Industry Vertical, 2014-2025, $million
Table 29. General Electric Company - Company Snapshot
Table 30. Emerson Process Management - Company Snapshot
Table 31. Honeywell International Inc. - Company Snapshot
Table 32. Svenska Kullagerfabriken AB - Company Snapshot
Table 33. National Instruments Corporation - Company Snapshot
Table 34. Rockwell Automation, Inc. - Company Snapshot
Table 35. Saj Engineering and Trading Company - Company Snapshot
Table 36. Fluke Corporation - Company Snapshot
Table 37. Azima Dli Corporation - Company Snapshot
Table 38. Brüel & Kjaer Vibro GmbH - Company Snapshot
Figure 1. Machine Condition Monitoring Lubricating Oil Analysis Market Value, 2014-2016, $million
Figure 2. Machine Condition Monitoring Vibration Analysis & Diagnostics Market Value, 2014-2016, $million
Figure 3. Machine Condition Monitoring Corrosion Monitoring Market Value, 2014-2016, $million
Figure 4. Machine Condition Monitoring Infrared Thermography Market Value, 2014-2016, $million
Figure 5. Machine Condition Monitoring Motor Current Signature Analysis (MCSA) Market Value, 2014-2016, $million
Figure 6. Machine Condition Monitoring Ultrasound Emission Testing Market Value, 2014-2016, $million
Figure 7. Machine Condition Monitoring Scaffold-Free Platforms Market Value, 2014-2016, $million
Figure 8. Machine Condition Monitoring Oil and Gas Market Value, 2014-2016, $million
Figure 9. Machine Condition Monitoring Steel and Metal Market Value, 2014-2016, $million
Figure 10. Machine Condition Monitoring Chemical & Petrochemical Market Value, 2014-2016, $million
Figure 11. Machine Condition Monitoring Automotive Market Value, 2014-2016, $million
Figure 12. Machine Condition Monitoring Pharmaceutical Market Value, 2014-2016, $million
Figure 13. Machine Condition Monitoring Others Market Value, 2014-2016, $million
Figure 14. Machine Condition Monitoring: U.S. Market Value, 2014-2016, $million
Figure 15. Machine Condition Monitoring: U.S. Market Value, 2017-2025, $million
Figure 16. Machine Condition Monitoring: Canada Market Value, 2014-2016, $million
Figure 17. Machine Condition Monitoring: Canada Market Value, 2017-2025, $million
Figure 18. Machine Condition Monitoring: Mexico Market Value, 2014-2016, $million
Figure 19. Machine Condition Monitoring: Mexico Market Value, 2017-2025, $million
Figure 20. Machine Condition Monitoring: UK Market Value, 2014-2016, $million
Figure 21. Machine Condition Monitoring: UK Market Value, 2017-2025, $million
Figure 22. Machine Condition Monitoring: Germany Market Value, 2014-2016, $million
Figure 23. Machine Condition Monitoring: Germany Market Value, 2017-2025, $million
Figure 24. Machine Condition Monitoring: France Market Value, 2014-2016, $million
Figure 25. Machine Condition Monitoring: France Market Value, 2017-2025, $million
Figure 26. Machine Condition Monitoring: Spain Market Value, 2014-2016, $million
Figure 27. Machine Condition Monitoring: Spain Market Value, 2017-2025, $million
Figure 28. Machine Condition Monitoring: Italy Market Value, 2014-2016, $million
Figure 29. Machine Condition Monitoring: Italy Market Value, 2017-2025, $million
Figure 30. Machine Condition Monitoring: Rest of Europe Market Value, 2014-2016, $million
Figure 31. Machine Condition Monitoring: Rest of Europe Market Value, 2017-2025, $million
Figure 32. Machine Condition Monitoring: China Market Value, 2014-2016, $million
Figure 33. Machine Condition Monitoring: China Market Value, 2017-2025, $million
Figure 34. Machine Condition Monitoring: Japan Market Value, 2014-2016, $million
Figure 35. Machine Condition Monitoring: Japan Market Value, 2017-2025, $million
Figure 36. Machine Condition Monitoring: India Market Value, 2014-2016, $million
Figure 37. Machine Condition Monitoring: India Market Value, 2017-2025, $million
Figure 38. Machine Condition Monitoring: Australia Market Value, 2014-2016, $million
Figure 39. Machine Condition Monitoring: Australia Market Value, 2017-2025, $million
Figure 40. Machine Condition Monitoring: South Korea Market Value, 2014-2016, $million
Figure 41. Machine Condition Monitoring: South Korea Market Value, 2017-2025, $million
Figure 42. Machine Condition Monitoring: Rest of Asia-Pacific Market Value, 2014-2016, $million
Figure 43. Machine Condition Monitoring: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 44. Machine Condition Monitoring: Brazil Market Value, 2014-2016, $million
Figure 45. Machine Condition Monitoring: Brazil Market Value, 2017-2025, $million
Figure 46. Machine Condition Monitoring: Saudi Arabia Market Value, 2014-2016, $million
Figure 47. Machine Condition Monitoring: Saudi Arabia Market Value, 2017-2025, $million
Figure 48. Machine Condition Monitoring: South Africa Market Value, 2014-2016, $million
Figure 49. Machine Condition Monitoring: South Africa Market Value, 2017-2025, $million
Figure 50. Machine Condition Monitoring: Rest of LAMEA Market Value, 2014-2016, $million
Figure 51. Machine Condition Monitoring: Rest of LAMEA Market Value, 2017-2025, $million
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