The machine condition monitoring market would grow at a CAGR of 7.4% over the predicted time frame. The market is expected to increase in value from US$ 4.21 Bn in 2022 to US$ 7.45Bn in 2030.
The on machine condition monitoring Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.
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Report Scope of the Machine Condition Monitoring Market
| Report Coverage | Details |
| Market Size in 2022 | USD 4.21 Billion |
| Market Size by 2030 | USD 7.45 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 7.4% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Monitoring Technique, Offering, Monitoring Process, Deployment, Industries, Application, Geography |
A recent report provides crucial insights along with application based and forecast information in the Global Machine condition monitoring Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Machine condition monitoring market.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Machine condition monitoring market are included as given below:
Machine condition monitoring Market Key Players
- SKF (Sweden)
- Emerson Electric (US)
- General Electric (US)
- Honeywell International (US)
- National Instruments (US)
- Parker Hannifin Corporation
- Rockwell Automation, Inc.
- Schaeffler AG
- Fortive Corporation (Fluke Corporation)
- ALS Limited
Market Segments
By Monitoring Technique
- Thermography
- Vibration Monitoring
- Motor Current Analysis
- Corrosion Monitoring
- Oil Analysis
- Ultrasound Emission
By Offering
- Hardware
- Vibration & Infrared Sensors
- Ultrasound Detectors
- Spectrum Analyzers
- Corrosion Probes
- Others
- Software
- Data Integration
- Order Tracking Analysis
- Others
By Monitoring Process
- Portable Condition Monitoring
- Online Condition Monitoring
By Deployment
- Cloud
- Premises
By Industries
- Marine
- Health
- Oil and Gas
- Power generation
- Metals and mining
- Automotive
- Chemicals
- others
By Application
- Pharmaceuticals
- Food & beverages
- Automobiles
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Report Objectives
- To define, describe, and forecast the global machine condition monitoring market based on product, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
- To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the machine condition monitoring market
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Application Procurement Analysis
4.3.2. Sales and Distribution Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Machine Condition Monitoring Market
5.1. COVID-19 Landscape: Machine Condition Monitoring Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Machine Condition Monitoring Market, By Monitoring Technique
8.1. Machine Condition Monitoring Market, by Monitoring Technique, 2022-2030
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Machine Condition Monitoring Market, By Offering
9.1. Machine Condition Monitoring Market, by Offering, 2022-2030
9.1.1. Portable Condition Monitoring
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Online Condition Monitoring
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Machine Condition Monitoring Market, By Monitoring Process
10.1. Machine Condition Monitoring Market, by Monitoring Process, 2022-2030
10.1.1. Cloud
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Premises
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Machine Condition Monitoring Market, By Deployment
11.1. Machine Condition Monitoring Market, by Deployment, 2022-2030
11.1.1. Marine
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Health
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Oil and Gas
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Power generation
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Metals and mining
11.1.5.1. Market Revenue and Forecast (2017-2030)
11.1.6. Automotive
11.1.6.1. Market Revenue and Forecast (2017-2030)
11.1.7. Chemicals
11.1.7.1. Market Revenue and Forecast (2017-2030)
11.1.8. Others
11.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Machine Condition Monitoring Market, By Industries
12.1. Machine Condition Monitoring Market, by Industries, 2022-2030
12.1.1. Cheese
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Dessert
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Snacks
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Discrete
12.1.4.1. Market Revenue and Forecast (2017-2030)
12.1.5. Others
12.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Machine Condition Monitoring Market, By Application
13.1. Machine Condition Monitoring Market, by Application, 2022-2030
13.1.1. Pharmaceuticals
13.1.1.1. Market Revenue and Forecast (2017-2030)
13.1.2. Food & beverages
13.1.2.1. Market Revenue and Forecast (2017-2030)
13.1.3. Automobiles
13.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 14. Global Machine Condition Monitoring Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.1.2. Market Revenue and Forecast, by Offering (2017-2030)
14.1.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.1.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.1.5. Market Revenue and Forecast, by Industries (2017-2030)
14.1.6. Market Revenue and Forecast, by Application (2017-2030)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.1.7.2. Market Revenue and Forecast, by Offering (2017-2030)
14.1.7.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.1.7.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.1.8. Market Revenue and Forecast, by Industries (2017-2030)
14.1.8.1. Market Revenue and Forecast, by Application (2017-2030)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.1.9.2. Market Revenue and Forecast, by Offering (2017-2030)
14.1.9.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.1.9.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.1.10. Market Revenue and Forecast, by Industries (2017-2030)
14.1.11. Market Revenue and Forecast, by Application (2017-2030)
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.2.2. Market Revenue and Forecast, by Offering (2017-2030)
14.2.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.2.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.2.5. Market Revenue and Forecast, by Industries (2017-2030)
14.2.6. Market Revenue and Forecast, by Application (2017-2030)
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.2.8.2. Market Revenue and Forecast, by Offering (2017-2030)
14.2.8.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.2.9. Market Revenue and Forecast, by Deployment (2017-2030)
14.2.10. Market Revenue and Forecast, by Industries (2017-2030)
14.2.10.1. Market Revenue and Forecast, by Application (2017-2030)
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.2.11.2. Market Revenue and Forecast, by Offering (2017-2030)
14.2.11.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.2.12. Market Revenue and Forecast, by Deployment (2017-2030)
14.2.13. Market Revenue and Forecast, by Industries (2017-2030)
14.2.14. Market Revenue and Forecast, by Application (2017-2030)
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.2.15.2. Market Revenue and Forecast, by Offering (2017-2030)
14.2.15.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.2.15.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.2.16. Market Revenue and Forecast, by Industries (2017-2030)
14.2.16.1. Market Revenue and Forecast, by Application (2017-2030)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.2.17.2. Market Revenue and Forecast, by Offering (2017-2030)
14.2.17.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.2.17.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.2.18. Market Revenue and Forecast, by Industries (2017-2030)
14.2.18.1. Market Revenue and Forecast, by Application (2017-2030)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.3.2. Market Revenue and Forecast, by Offering (2017-2030)
14.3.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.3.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.3.5. Market Revenue and Forecast, by Industries (2017-2030)
14.3.6. Market Revenue and Forecast, by Application (2017-2030)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.3.7.2. Market Revenue and Forecast, by Offering (2017-2030)
14.3.7.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.3.7.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.3.8. Market Revenue and Forecast, by Industries (2017-2030)
14.3.9. Market Revenue and Forecast, by Application (2017-2030)
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.3.10.2. Market Revenue and Forecast, by Offering (2017-2030)
14.3.10.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.3.10.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.3.11. Market Revenue and Forecast, by Industries (2017-2030)
14.3.11.1. Market Revenue and Forecast, by Application (2017-2030)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.3.12.2. Market Revenue and Forecast, by Offering (2017-2030)
14.3.12.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.3.12.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.3.12.5. Market Revenue and Forecast, by Industries (2017-2030)
14.3.12.6. Market Revenue and Forecast, by Application (2017-2030)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.3.13.2. Market Revenue and Forecast, by Offering (2017-2030)
14.3.13.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.3.13.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.3.13.5. Market Revenue and Forecast, by Industries (2017-2030)
14.3.13.6. Market Revenue and Forecast, by Application (2017-2030)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.4.2. Market Revenue and Forecast, by Offering (2017-2030)
14.4.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.4.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.4.5. Market Revenue and Forecast, by Industries (2017-2030)
14.4.6. Market Revenue and Forecast, by Application (2017-2030)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.4.7.2. Market Revenue and Forecast, by Offering (2017-2030)
14.4.7.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.4.7.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.4.8. Market Revenue and Forecast, by Industries (2017-2030)
14.4.9. Market Revenue and Forecast, by Application (2017-2030)
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.4.10.2. Market Revenue and Forecast, by Offering (2017-2030)
14.4.10.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.4.10.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.4.11. Market Revenue and Forecast, by Industries (2017-2030)
14.4.12. Market Revenue and Forecast, by Application (2017-2030)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.4.13.2. Market Revenue and Forecast, by Offering (2017-2030)
14.4.13.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.4.13.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.4.13.5. Market Revenue and Forecast, by Industries (2017-2030)
14.4.13.6. Market Revenue and Forecast, by Application (2017-2030)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.4.14.2. Market Revenue and Forecast, by Offering (2017-2030)
14.4.14.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.4.14.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.4.14.5. Market Revenue and Forecast, by Industries (2017-2030)
14.4.14.6. Market Revenue and Forecast, by Application (2017-2030)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.5.2. Market Revenue and Forecast, by Offering (2017-2030)
14.5.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.5.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.5.5. Market Revenue and Forecast, by Industries (2017-2030)
14.5.6. Market Revenue and Forecast, by Application (2017-2030)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.5.7.2. Market Revenue and Forecast, by Offering (2017-2030)
14.5.7.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.5.7.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.5.8. Market Revenue and Forecast, by Industries (2017-2030)
14.5.8.1. Market Revenue and Forecast, by Application (2017-2030)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)
14.5.9.2. Market Revenue and Forecast, by Offering (2017-2030)
14.5.9.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)
14.5.9.4. Market Revenue and Forecast, by Deployment (2017-2030)
14.5.9.5. Market Revenue and Forecast, by Industries (2017-2030)
14.5.9.6. Market Revenue and Forecast, by Application (2017-2030)
Chapter 15. Company Profiles
15.1. SKF (Sweden)
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Emerson Electric (US)
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. General Electric (US)
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Honeywell International (US)
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. National Instruments (US)
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Parker Hannifin Corporation
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Rockwell Automation, Inc.
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Schaeffler AG
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Fortive Corporation (Fluke Corporation)
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. ALS Limited
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
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