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- Bruel & Kjaer
- Emerson Electric Co.
- Teledyne FLIR LLC
- Fluke Corporation
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LSH 22.08.01
“Machine Condition Monitoring Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global machine condition monitoring market.
This report focuses on machine condition monitoring market which is experiencing strong growth. The report gives a guide to the machine condition monitoring market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Where is the largest and fastest growing market for the machine condition monitoring? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Machine Condition Monitoring market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider machine condition monitoring market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The machine condition monitoring market section of the report gives context. It compares the machine condition monitoring market with other segments of the machine condition monitoring market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, machine condition monitoring indicators comparison.
Scope
Markets Covered:
- 1) By Type: Hardware; Software; Services
- 2) By Deployment Type: On-premises; Cloud
- 3) By Monitoring Technique: Vibration Monitoring; Thermography; Oil Analysis; Corrosion Monitoring; Ultrasound Emission; Motor Current Analysis
- 4) By Industry: Oil And Gas; Power Generation; Metals And Mining; Chemicals; Automotive; Aerospace And Defense; Food And Beverages; Marine
- Companies Mentioned: ALS Limited; Bruel & Kjaer; Emerson Electric Co.; Teledyne FLIR LLC; Fluke Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the machine condition monitoring market are: ALS Limited, Emerson Electric Co., Teledyne FLIR LLC, Baker Hughes Company, General Electric, Honeywell International Inc, Meggitt PLC, National Instruments Corp, PARKER HANNIFIN CORP, Rockwell Automation Inc., Schaeffler India Limited, SKF Condition Monitoring Inc., Symphony Industrial AI, Wilcoxon Sensing Technologies Inc., and Azima DLI Corporation.
The global machine condition monitoring market market is expected to grow from $2.53 billion in 2021 to $2.71 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The machine condition monitoring market market is expected to grow to $3.53 billion in 2026 at a CAGR of 6.9%.
The machine condition monitoring market consists of sales of machine condition monitoring products and services by entities (organizations, sole traders, and partnerships) that are used to assess the health of a machine over some time. The machine condition monitoring is based on various measured conditions such as pressure, vibration, and temperature to monitor machinery parts during an operation. Machine condition monitoring includes accessing the machine's efficiency, wear and tear output of defective parts, usage statistics, and maintenance statistics.
The main types of machine condition monitoring are hardware, software, services. The actual components of a computer and related devices are referred to as computer hardware. Motherboards, hard drives, and RAM are examples of internal hardware devices. Monitors, keyboards, mouse, printers, and scanners are examples of external hardware devices. Machine condition monitoring are deployed on premise and cloud that can be monitored using techniques such as vibration monitoring, thermography, oil analysis, corrosion monitoring, ultrasound emission, motor current analysis used across industries such as oil and gas, power generation, metals and mining, chemicals, automotive, aerospace and defense, food and beverages, marine.
North America was the largest region in the machine condition monitoring market in 2021. Asia Pacific is expected to be the fastest-growing market in the machine condition monitoring market. The regions covered in the machine condition monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The machine condition monitoring market research report is one of a series of new reports from The Business Research Company that provides machine condition monitoring market statistics, including machine condition monitoring industry global market size, regional shares, competitors with a machine condition monitoring market share, detailed machine condition monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the machine condition monitoring industry. This machine condition monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The growing wireless communication in machine conditioning is significantly contributing to the growth of the machine condition monitoring market. Wireless communication is a method of transmitting information from one point to another, without using any connection such as wires, cables, or any physical medium. The wireless communication allows easy and quick deployment of machine condition monitoring that reduces the gaps in the data stream so that there will be no detrimental effect on system reliability. For instance, in 2021, Acoem, a France-based data solutions provider invested its experience in condition monitoring in EAGLE, enabling the wireless monitoring of the foremost complex machines. The operating conditions like speed, power, pressure or other process data of the machines are taken under consideration and transmitted automatically. Therefore, the increase in demand for wireless communications is expected to drive the growth of the machine condition monitoring market.
Technological Advancement is the key trend gaining popularity in the machine condition monitoring market. For instance, in Nov 2021, Emersion electrics, an American multinational corporation that manufactures products and provides engineering services for industrial, commercial, and consumer markets has launched AMS machine works 1.6 a web-based software solution that simplifies fault diagnosis and analyses the process by combining predictive maintain techniques with comprehensive analysis tools that provide easy and accurate assessment machinery health.
In May 2021, Teledyne, an American industrial conglomerate consisting of operations in aerospace and defense, instrumentation and engineered system, acquired FLIR for $8.2 billion. Through this acquisition, both the companies aim to expand their product portfolio and provide better products to their clients and customers. FLIR is a US-based machine condition monitoring company that provides cameras and sensors used in the system.
The countries covered in the machine condition monitoring market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. Table of Contents
1. Executive Summary
2. Machine Condition Monitoring Market Characteristics
3. Machine Condition Monitoring Market Trends And Strategies
4. Impact Of COVID-19 On Machine Condition Monitoring
5. Machine Condition Monitoring Market Size And Growth
- 5.1. Global Machine Condition Monitoring Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Machine Condition Monitoring Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Machine Condition Monitoring Market Segmentation
- 6.1. Global Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Hardware
- Software
- Services
- 6.2. Global Machine Condition Monitoring Market, Segmentation By Deployment Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- On-premises
- Cloud
- 6.3. Global Machine Condition Monitoring Market, Segmentation By Monitoring Technique, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Vibration Monitoring
- Thermography
- Oil Analysis
- Corrosion Monitoring
- Ultrasound Emission
- Motor Current Analysis
- 6.4. Global Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Oil And Gas
- Power Generation
- Metals And Mining
- Chemicals
- Automotive
- Aerospace And Defense
- Food And Beverages
- Marine
7. Machine Condition Monitoring Market Regional And Country Analysis
- 7.1. Global Machine Condition Monitoring Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Machine Condition Monitoring Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Machine Condition Monitoring Market
- 8.1. Asia-Pacific Machine Condition Monitoring Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Machine Condition Monitoring Market
- 9.1. China Machine Condition Monitoring Market Overview
- 9.2. China Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Machine Condition Monitoring Market
- 10.1. India Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Machine Condition Monitoring Market
- 11.1. Japan Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Machine Condition Monitoring Market
- 12.1. Australia Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Machine Condition Monitoring Market
- 13.1. Indonesia Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Machine Condition Monitoring Market
- 14.1. South Korea Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Machine Condition Monitoring Market
- 15.1. Western Europe Machine Condition Monitoring Market Overview
- 15.2. Western Europe Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Machine Condition Monitoring Market
- 16.1. UK Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Machine Condition Monitoring Market
- 17.1. Germany Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Machine Condition Monitoring Market
- 18.4. France Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.5. France Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Machine Condition Monitoring Market
- 19.1. Eastern Europe Machine Condition Monitoring Market Overview
- 19.2. Eastern Europe Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Machine Condition Monitoring Market
- 20.1. Russia Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Machine Condition Monitoring Market
- 21.1. North America Machine Condition Monitoring Market Overview
- 21.2. North America Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Machine Condition Monitoring Market
- 22.1. USA Machine Condition Monitoring Market Overview
- 22.2. USA Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Machine Condition Monitoring Market
- 23.1. South America Machine Condition Monitoring Market Overview
- 23.2. South America Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Machine Condition Monitoring Market
- 24.1. Brazil Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Machine Condition Monitoring Market
- 25.1. Middle East Machine Condition Monitoring Market Overview
- 25.2. Middle East Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Machine Condition Monitoring Market
- 26.1. Africa Machine Condition Monitoring Market Overview
- 26.2. Africa Machine Condition Monitoring Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Machine Condition Monitoring Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Machine Condition Monitoring Market Competitive Landscape And Company Profiles
- 27.1. Machine Condition Monitoring Market Competitive Landscape
- 27.2. Machine Condition Monitoring Market Company Profiles
- 27.2.1. ALS Limited
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Bruel & Kjaer
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Emerson Electric Co.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Teledyne FLIR LLC
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Fluke Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Machine Condition Monitoring Market
29. Machine Condition Monitoring Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer
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