[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global machine condition monitoring market was valued at around USD 3.92 billion in 2021 and is expected to register revenues worth USD 7.45 billion by the end of 2030, growing at an exceptional CAGR of approximately 7.4% between 2022 and 2030.
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Machine Condition Monitoring Market Report Scope
A recent study by Precedence Research on the machine condition monitoring market offers a forecast for 2022 and 2030. The study analyzes crucial trends that are currently determining the growth of the machine condition monitoring market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of machine condition monitoring. The study also provides the dynamics that are responsible for influencing the future status of the machine condition monitoring market over the forecast period.
A detailed assessment of the machine condition monitoring market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the machine condition monitoring market along with their product portfolio enhances the reliability of this comprehensive research study.
Competition Landscape
The report has engulfed a chapter on the global machine condition monitoring market’s competitive landscape, which provides detailed analysis and insights on companies offering machine condition monitoring. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.
This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
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Some of the Prominent Players in the Machine Condition Monitoring Market Include:
- 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
Machine Condition Monitoring Market Segmentation
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
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global machine condition monitoring market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the machine condition monitoring market.
The report includes country-wise and region-wise market size for the period 2022-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2022-2030.
Why should you invest in this report?
If you are aiming to enter the global machine condition monitoring market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for machine condition monitoring are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
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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