Global Machine Condition Monitoring Market - By Type , Application, Geography, Trends, Forecast - 2017 - 2022

  • ID: 4388144
  • Report
  • Region: Global
  • 136 pages
  • Mordor Intelligence
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The Global Machine Condition Monitoring Market is valued at USD 1.81 billion in 2016 and is expected to reach a value of USD 2.82 billion by the end of 2022, growing at a projected CAGR of 6.54% during the forecast period of 2017 - 2022.

Increasing equipment performance and productivity through predictive maintenance, enhancement in equipment reliability by effective projection of their failures and inclination towards HVAC market are the key factors that are enabling the machine condition monitoring services market to grow lucratively.

Machine condition monitoring software helps in detecting problems at an early stage and helps in avoiding major damage or even total failure of the equipment. Machine condition monitoring systems have gained significance over time as companies are focusing on asset utilization and increasing productivity.

The machine condition monitoring market has been segmented on the basis of -
  • Application (Automotive, Energy & Power, Aerospace and Defense, Oil & Gas, Chemical and Others)
  • Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)
The United States and Europe are leading the global machine condition monitoring markets, followed by Asia-Pacific.


Due to its extensive use in process industries for troubleshooting and fault diagnosis of machinery, vibration monitoring software holds the leading place amongst all machine condition monitoring maintenance technologies.


The main factor hindering the growth of machine condition monitoring market is unpredictable maintenance periods.

The report also considers key trends that will impact the motor condition monitoring industry and profiles over 10 leading suppliers of the market.

Some of the top players mentioned in the report are

Key Deliverables:

1. Market analysis for the global machine condition monitoring market, with region specific assessments and competition analysis on global and regional scale.

2. Market definition along with the identification of key drivers and restraints.

3. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

4. Extensively researched competitive landscape section with profiles of major companies along with their market share.5. Identification and analysis of the macro and micro factors that affect the global wearable medical devices market on both global and regional scale.

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

8. Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Research Methodology
1.2. Key Findings
2. Executive Summary
3. Market Overview
3.1 Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat from New Entrants
3.3.4 Threat from Substitute Product Types
3.3.5 Competitive Rivalry within the Industry
3.4 Industry Policies
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Technology Overview
5.1 Technology Snapshot
5.2 Ongoing Developments
6. Global Machine Condition Monitoring Market Segmentation & Forecast
6.1 By Type
6.1.1 Vibration Monitoring
6.1.2 Ultrasound Emission
6.1.3 Thermography
6.1.4 Lubricating Oil Analysis
6.1.5 Others
6.2 By Monitoring process
6.2.1 Online Machine Monitoring
6.2.2 Portable Machine Monitoring
6.2.3 Others
6.3 By Components
6.3.1 Vibration Sensors Accelerometer Proximity Probes
6.3.2 Ultrasound Detector
6.3.3 Infrared Sensors
6.3.4 Spectrometer
6.3.5 Tachometer
6.3.6 Others
6.4 By Applications
6.4.1 Energy & Power
6.4.2 Automotive
6.4.3 Aerospace & Defense
6.4.4 Chemical
6.4.5 Others
6.5 By Region & Country
6.5.1 North America US Canada Others
6.5.2 Europe UK Germany France Russia Others
6.5.3 Asia-Pacific China India Japan Others
6.5.4 Latin America Brazil Mexico Columbia Argentina Others
6.5.5 Middle East & Africa Iran Saudi Arabia Iraq UAE Others
7. Competitive Intelligence - Company Profiles
7.1 Emerson Process Management
7.2 General Electric
7.3 Honeywell International Inc.
7.4 National Instruments Corporation
7.5 Bruel & Kjaer Vibro GmbH
7.6 Fluke Corporation
7.7 Rockwell Automation Inc.
7.8 CTRL Systems Inc.
7.9 Azima DLI LLC
8. Vendor Market Share
9. Investment Analysis
9.1 Recent Mergers and Acquisitions
9.2 Role of Business Accelerators
9.3 Investment Outlook
10. Future of Global Machine Condition Monitoring Market
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown