Overview of the Global Machine Condition Monitoring Market to 2026

DUBLIN, October 15, 2021 / PRNewswire / – The “Machine Condition Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026” report has been added to ResearchAndMarkets.com offer.

The global machine condition monitoring market has shown moderate growth during the period 2015-2020. Machine condition monitoring refers to the process of monitoring and measuring temperature, humidity and pressure in mechanical equipment. It is commonly used in pumps, rotary and electric motors, internal combustion engines (ICE) and presses. It involves vibration monitoring, corrosion monitoring, thermography, oil analysis, ultrasound emission and motor current analysis. These processes help predict mechanical wear and diagnose the site of unwanted noise, vibration, and heat generation that can damage machine components. Apart from this, they also allow proper planning of maintenance programs, minimizing the severity of machine downtime and ensuring equipment safety.

Increasing digitalization, along with significant growth in the oil and gas, automotive, defense, aerospace, manufacturing, food and beverage, and marine industries, is the one of the key factors creating a positive outlook for the market. In addition, various technological advancements, such as the use of secure cloud computing platforms, wireless technologies, and integration with the Internet of Things (IoT), are acting as other major growth factors. In addition, the growing awareness of the masses for preventive maintenance is also driving the growth of the market. With this in mind, the widespread adoption of vibration monitoring systems used to measure the oscillations of components, such as belts, gears, bearings, drive motors and other parts, is also contributing to the growth of the market. Marlet. Other factors including significant infrastructure developments along with growing demand for heating, ventilation and air conditioning (HVAC) systems are expected to drive the market. Looking ahead, the analyst expects the global machine health monitoring market to grow at a CAGR of 6.4% during the period 2021-2026.

Competitive landscape

The report also analyzed the competitive landscape of the market with some of the major players being Bruel & Kjar Vibro GmbH (Spectris Plc), Emerson Electric Co., Flir Systems, Fluke Corporation (Fortive), General Electric, Honeywell International, National Instruments, Parker Hannifin, PCB Piezotronics (MTS Systems Corporation), Rockwell Automation, Schaeffler Group, SKF, Symphony AzimaAI and Wilcoxon Sensing Technologies (Amphenol Corporation).

Key questions answered in this report

How has the global machine health monitoring market performed so far and how will it perform in the years to come?
What has been the impact of COVID-19 on the global machine health monitoring market?
What are the main regional markets?
What is the market disruption based on the surveillance technique?
What is the distribution of the market according to supply?
What is the market breakdown according to the type of deployment?
What is the market split based on end use industry?
What are the different stages of the industry value chain?
What are the main factors and challenges for the industry?
What is the structure of the global machine condition monitoring market and who are the major players?
How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Machine Condition Monitoring Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market breakdown by surveillance technique
6.1 Vibration monitoring
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Thermography
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Oil analysis
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Corrosion monitoring
6.4.1 Market trends
6.4.2 Market Forecast
6.5 Ultrasound emission
6.5.1 Market trends
6.5.2 Market Forecast
6.6 Motor current analysis
6.6.1 Market trends
6.6.2 Market Forecast

7 Market breakdown by offer
7.1 Hardware
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Software
7.2.1 Market trends
7.2.2 Market Forecast

8 Market breakdown by type of deployment
8.1 On site
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Cloud
8.2.1 Market trends
8.2.2 Market Forecast

9 Market breakdown by end-use industry
9.1 Oil and gas
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Electricity generation
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Metals and mines
9.3.1 Market trends
9.3.2 Market Forecast
9.4 Chemicals
9.4.1 Market trends
9.4.2 Market Forecast
9.5 Automotive
9.5.1 Market trends
9.5.2 Market Forecast
9.6 Aerospace and defense
9.6.1 Market trends
9.6.2 Market Forecast
9.7 Food and drinks
9.7.1 Market trends
9.7.2 Market Forecast
9.8 Maritime
9.8.1 Market trends
9.8.2 Market Forecast
9.9 Others
9.9.1 Market trends
9.9.2 Market Forecast

10 Market breakdown by region

11 SWOT Analysis

12 Value chain analysis

13 Porters Five Forces Analysis

14 Price analysis

15 Competitive landscape
15.1 Market structure
15.2 Key players
15.3 Profiles of key players
15.3.1 Bruel & Kjar Vibro GmbH (Spectris SA)
15.3.1.1 Company presentation
15.3.1.2 Product portfolio
15.3.2 Emerson Electric Co.
15.3.2.1 Company overview
15.3.2.2 Product portfolio
15.3.2.3 Finances
15.3.2.4 SWOT Analysis
15.3.3 FLIR systems
15.3.3.1 Company overview
15.3.3.2 Product portfolio
15.3.3.3 Finances
15.3.3.4 SWOT Analysis
15.3.4 Fluke Corporation (Fortive)
15.3.4.1 Company overview
15.3.4.2 Product portfolio
15.3.5 General electrical
15.3.5.1 Company overview
15.3.5.2 Product portfolio
15.3.5.3 Finances
15.3.5.4 SWOT Analysis
15.3.6 Honeywell International
15.3.6.1 Company overview
15.3.6.2 Product portfolio
15.3.6.3 Finances
15.3.6.4 SWOT Analysis
15.3.7 National instruments
15.3.7.1 Company overview
15.3.7.2 Product portfolio
15.3.7.3 Finances
15.3.7.4 SWOT Analysis
15.3.8 Parker Hannifin
15.3.8.1 Company overview
15.3.8.2 Product portfolio
15.3.8.3 Finances
15.3.8.4 SWOT Analysis
15.3.9 Piezotronics PCB (MTS Systems Corporation)
15.3.9.1 Company overview
15.3.9.2 Product portfolio
15.3.10 Rockwell Automation
15.3.10.1 Company overview
15.3.10.2 Product portfolio
15.3.10.3 Finances
15.3.10.4 SWOT Analysis
15.3.11 Schaeffler Group
15.3.11.1 Company presentation
15.3.11.2 Product portfolio
15.3.12 SKF
15.3.12.1 Company presentation
15.3.12.2 Product portfolio
15.3.12.3 Finances
15.3.13 AzimaAI Symphony
15.3.13.1 Company presentation
15.3.13.2 Product portfolio
15.3.14 Wilcoxon Detection Technologies (Amphenol Corporation)
15.3.14.1 Company presentation
15.3.14.2 Product portfolio