Global Condition Monitoring Equipment Market, Forecast to 2021

  • ID: 4419373
  • Report
  • Region: Global
  • 170 pages
  • Frost & Sullivan
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Condition Monitoring Equipment Market to Surpass $2 Billion Revenue in 2021 Driven by Technology Convergence and Increasing Awareness

FEATURED COMPANIES

  • Brüel & Kjaer Vibro
  • Emerson
  • FLIR Systems
  • Fluke Corporation
  • National Instruments
  • Parker Kittiwake
  • MORE

 The condition monitoring equipment market will undergo a significant transformation over the next 5 to 7 years with the advent of new technologies changing customer requirements in connectivity and analytics features among other equipment specifications. Worth $1.62 billion in 2016, the market revenues are expected to reach $2.07 billion by 2021 at a CAGR of 5.0%, although revenue trajectory varies among different product segments. The global condition monitoring equipment market is going through an evolutionary phase. The reboot of key oil and gas prices and key technology changes such as connectivity and data analytics have pushed the equipment vendors to rethink and reinvent. Despite these trends, pockets of opportunities across the industry and increased awareness have helped the market surge ahead. This report identifies key opportunities for growth while detailing key challenges and possible threats. The forecast period is from 2017 to 2021, with 2016 as the base year.

Research Scope

This research study focuses on key product categories used in condition monitoring applications across different industries.

The product categories include:

  • Vibration condition monitoring equipment
  • Thermography equipment
  • Lubricating oil analysis equipment The current market size for 2016 is provided for each segment and forecasted till 2021.

Forecasts by end-user markets are also provided for each product category and include:

  • Oil and Gas
  •  Power Generation
  •  Aerospace & Defense
  •  Automotive & Transportation
  •  Marine
  •  Mining & Metal
  •  Process and manufacturing
  •  Others includes commercial R&D, education, laboratories, plumbing, environment, Heating, ventilation, and air conditioning (HVAC), transportation, and waste water treatment plants. The study highlights industry challenges and growth drivers and restraints from 2017 to 2021 as well as analyzes the market from a geographic perspective.

The regions covered in the study include:

  •  North America
  •  Europe
  •  Asia Pacific
  •  Rest of World - Includes Latin America, Middle East, and Africa.

Key Questions this Study will Answer:

  •  Is the condition monitoring equipment market growing, how long will it continue to grow and at what rate?
  •  What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict growth for this market?
  •  Who are the leading participants and their market share? How has the oil price crisis impacted the condition monitoring equipment market and how does the future look?
  •  Which regions are expected to provide the highest growth potential for the future? Can North America sustain its position as a key revenue contributor in the face of rising global competition?
  •  What are the impacts of convergence technologies such as Big Data and connectivity? How do these influence innovative business models?
  •  Which applications and industries will drive demand for condition monitoring equipment? Will the traditional end-user segments continue to be the largest revenue generators?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Brüel & Kjaer Vibro
  • Emerson
  • FLIR Systems
  • Fluke Corporation
  • National Instruments
  • Parker Kittiwake
  • MORE

1. Executive Summary

  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective

2. Market Overview

  • Market Overview
  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation

3. Drivers and Restraints—Total Condition Monitoring Equipment Market

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. Forecasts and Trends—Total Condition Monitoring Equipment Market

  • Market Engineering Measurements
  • Forecast Assumptions
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • NA Percent Revenue Forecast by Region
  • NA Revenue Forecast by Region
  • Europe Percent Revenue Forecast by Region
  • Europe Revenue Forecast by Region
  • APAC Percent Revenue Forecast by Region
  • APAC Revenue Forecast by Region
  • RoW Percent Revenue Forecast by Region
  • RoW Revenue Forecast by Region
  • Revenue Forecast by Region Discussion
  • Revenue Forecast by Vertical Market
  • Revenue Forecast by Vertical Market Discussion

5. Market Share and Competitive Analysis—Total Condition Monitoring Equipment Market

  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • Top Competitors
  • Brüel & Kjaer Vibro
  • Emerson
  • FLIR Systems
  • Fluke Corporation
  • General Electric—Bently Nevada
  • National Instruments
  • Parker Kittiwake
  • PRÜFTECHNIK
  • Rockwell Automation
  • Schneider Electric
  • SKF
  • Competitive Factors and Assessment

6. Growth Opportunities and Companies to Action

  • Transformation in Condition Monitoring Equipment Industry Ecosystem
  • Growth Opportunity—Technology Advancement
  • Growth Opportunity—Big Data Analytics Improving Production Efficiency
  • 5 Major Growth Opportunities for Condition Monitoring
  • Strategic Imperatives for Success and Growth

7. Mega Trends and Industry Convergence Implications

  • Mega Trend Impact on the Condition Monitoring Equipment Market
  • Connectivity and Convergence
  • Big Data Analytics
  • Condition Monitoring Services Revenue Breakdown
  • Current Application of Big Data Analytics in Condition Monitoring
  • Evolution of Big Data in Condition Monitoring Applications
  • The Next Evolution—Prescriptive Analytics
  • Snapshot of Manufacturing Versus Other Sectors
  • Opportunities for Big Data and Industrial Condition Monitoring
  • Top 3 Trends Driving Big Data in Condition Monitoring
  • Impact of Big Data on the Global Condition Monitoring Market
  • Big Data Analytics Competitive Factors and Assessment
  • Case Study 1—BP Using GE’s Predix Platform
  • Case Study 2—Mtell’s Prescriptive Analytics Platform
  • Case Study—Siemens’ Remote Maintenance Solution
  • Case Study—National Instruments and IBM Partnership

8. Evolving Business Models

  • Typical Business Models
  • Taxonomy of B2B Business Models
  • Service-based Model—Product as a Service, Data as a Service (DaaS), and PaaS
  • Fee-based Model—Pay Per Use, Renting/Leasing, and Subscription Model (Software as a Service (SaaS))
  • Evolving Business Models
  • Case Study—Rolls-Royce

9. Vibration Condition Monitoring Equipment Segment Analysis

  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Product Type
  • Revenue Forecast by Product Type
  • Revenue Forecast Discussion by Product Type
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • NA Percent Revenue Forecast by Region
  • NA Revenue Forecast by Region
  • Europe Percent Revenue Forecast by Region
  • Europe Revenue Forecast by Region
  • APAC Percent Revenue Forecast by Region
  • APAC Revenue Forecast by Region
  • ROW Percent Revenue Forecast by Region
  • ROW Revenue Forecast by Region
  • Revenue Forecast Discussion by Region
  • Revenue Forecast by Vertical Market
  • Revenue Forecast Discussion by Vertical Market
  • Pricing Trends Discussion—Vibration Condition Monitoring Equipment
  • Market Share
  • Market Share Analysis
  • Competitive Environment

10. Lubricating Oil Analysis Equipment Segment Analysis

  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • NA Percent Revenue Forecast by Region
  • NA Revenue Forecast by Region
  • Europe Percent Revenue Forecast by Region
  • Europe Revenue Forecast by Region
  • APAC Percent Revenue Forecast by Region
  • APAC Revenue Forecast by Region
  • ROW Percent Revenue Forecast by Region
  • ROW Revenue Forecast by Region
  • Revenue Forecast Discussion by Region
  • Revenue Forecast by Vertical Market
  • Revenue Forecast Discussion by Vertical Market
  • Pricing Trends Discussion—Lubricating Oil Analysis Equipment
  • Market Share
  • Market Share Analysis
  • Competitive Environment

11. Thermography Equipment Segment Analysis

  • Thermography Equipment Segment—Segment Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • NA Percent Revenue Forecast by Region
  • NA Revenue Forecast by Region
  • Europe Percent Revenue Forecast by Region
  • Europe Revenue Forecast by Region
  • APAC Percent Revenue Forecast by Region
  • APAC Revenue Forecast by Region
  • ROW Percent Revenue Forecast by Region
  • ROW Revenue Forecast by Region
  • Revenue Forecast Discussion by Region
  • Revenue Forecast by Vertical Market
  • Revenue Forecast Discussion by Vertical Market
  • Pricing Trends Discussion—Thermography Equipment Segment
  • Market Share
  • Market Share Analysis
  • Competitive Environment

12. The Last Word

  • The Last Word
  • The Last Word—3 Big Predictions
  • Legal Disclaimer

13. Appendix

  • Appendix
  • Market Engineering Methodology
  • Additional Source of Information on Condition Monitoring
  • List of Companies in “Others”
  • Partial List of Companies Interviewed
Note: Product cover images may vary from those shown
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  • Brüel & Kjaer Vibro
  • Emerson
  • FLIR Systems
  • Fluke Corporation
  • General Electric—Bently Nevada
  • National Instruments
  • PRÜFTECHNIK
  • Parker Kittiwake
  • Rockwell Automation
  • SKF
  • Schneider Electric
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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