Machine Condition Monitoring Market

Description

Machine condition monitoring market is expected to grow at healthy rate during the forecast period from 2017-2025. Condition monitoring is a technique that involves monitoring various parameters or conditions in a machinery such as the vibration, temperature etc. for identification of a significant change that might result in a developing fault. It allows scheduling of maintenance or other actions that needs to be taken for preventing failure along with avoiding the resulting consequences. Machine Condition Monitoring market globally is segmented in terms of type, component, applications and geography. These devices have growing applications across different verticals such as energy & power, automotive, aerospace & defense, and oil & gas among others. Timely detection of plant and machine problems makes for a major factor that increases the demand for this market globally.Minimization of unscheduled downtime further helps in the reduction of costs that contributes to being another major factor boosting the overall demand for this market.

Market Drivers

1- Use of machine condition monitoring provides an assessment of the health of machines with an intention of predicting both mechanical wear and tear as well as failure. In order to avoid cost of replacing malfunctioning machines and increase longeivity of machines, demand for machine condition konitoring is increasing accross different industry verticals.
2- Growing demand of machine condition monitoring in industrial sector of emerging economies.

Market Segmentation

1- By types, the market has been segmented into type has been segmented into ultrasound emission, thermograph, vibration monitoring and corrosion monitoring.
2- By platform, the market has been segmented into hardware (vibration sensing component, temperature sensing component, infrared sensing component, ultrasound sensing component, spectrometers, oil & chemical sensing component and others), software and service.
3- By technology, the market has been divided into online and portable.
4- By end use industry, the market is divided into power generation, oil & gas, manufacturing, metals & mining, pharmaceutical and others.
5- By geography, machine condition monitoring market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America.

Leading Players

 Emerson Electric Co. (The U.S.),
Honeywell International Inc. (The U.S.),
SKF (Sweden), Meggitt PLC (UK),
Parker Hannifin Corp (The U.S.),
General Electric (The U.S.) and
Rockwell Automation, Inc.(The U.S.).

 1.     Introduction
 1.1.         Study Objective
 1.2.         Assumptions
 1.3.         Acronyms
 1.4.         Study Stakeholder Analysis, Mendelows Matrix
 1.5.         Research Scope
 1.6.         Market Segmentation
 1.7.         Research Limitations
 2.     Research Methodology
 2.1.         Parameters
 2.1.1. Economic
 2.1.2. Statistical
 2.1.3. Geographic
 2.2.         Data Sources
 2.2.1. Primary Research
 2.2.1.1.          Excerpts of Interview with Key Industry Personnel
 2.2.1.2.          Directory of Some of the Key Industry Personnel
 2.2.1.3.          Primary Interviews, Breakdown
 2.2.1.4.          Primary Data Collection Process
 2.2.1.5.          Primary Data Sources
 2.2.2. Secondary Research
 2.2.2.1.          Secondary Data Collection Process
 2.2.2.2.          Proprietary Databases of Factor & Equilibrium
 2.3.         Research Process
 2.4.         Market Size Estimation Technique
 2.4.1. Top Down Approach
 2.4.2. Bottom Up Approach
 2.4.3. Forecasting Technique
 3.     Executive Summary
 3.1.         Machine Condition Monitoring Market Size Estimation, By Types (USD Million)
 3.2.         Machine Condition Monitoring Market Size Estimation, By Platform (USD Million)
 3.3.         Machine Condition Monitoring Market Size Estimation, By Monitoring Process (USD Million)
 3.4.         Machine Condition Monitoring Market Size Estimation, By End Use Industry (USD Million)
 3.5.         Machine Condition Monitoring Market Growth Estimation, By Region (%)
 4.     Market Overview
 4.1.         Market Definition
 4.2.         Product Definition
 4.3.         Industry Evolution Analysis
 4.4.         Key Trends Analysis
 4.5.         Product Lifecycle Analysis, Region
 4.6.         Factor & Equilibrium Vendor Positioning Matrix
 4.7.         Porter Five Force Analysis
 4.7.1. Bargaining Power of Buyer
 4.7.2. Bargaining Power of Supplier
 4.7.3. Threat of Substitutes
 4.7.4. Threat of New Entrants
 4.7.5. Competitive Rivalry
 4.8.         Market Opportunity Analysis
 4.9.         Patent Analysis
 4.10.       Special Focus
 4.10.1.   Oil Condition Monitoring
 4.10.1.1.       Current trends in lubricating oil monitoring
 4.10.1.2.       Current trends in greases monitoring
 4.10.1.3.       Current trends in hydraulic fluids monitoring
 4.10.1.4.       Mapping of companies offering oil condition monitoring services
 4.10.2.   North America
 4.10.3.   Europe
 4.10.4.   Asia Pacific
 4.10.5.   Middle East & Africa (MEA)
 4.10.6.   Latin America
 4.11.       Market Attractiveness Analysis
 4.11.1.   By Types
 4.11.2.   By Platform
 4.11.3.   By Monitoring Process
 4.11.4.   By End Use Industry
 4.11.5.   By Region
 5.     Competitive Scenario
 5.1.         Market Share Analysis of Key Players
 5.2.         Product Offerings, By Key Players
 5.3.         Competitive Strategies of Leading Players
 5.4.         List of Organic and Inorganic Growth Activities
 6.     Global Machine Condition Monitoring Market, By Types (USD Million)
 6.1.         Overview
 6.2.         Product Innovation Trends
 6.3.         Market Dynamics
 6.3.1. Drivers
 6.3.2. Restraints
 6.3.3. Opportunities
 6.4.         Market Opportunity Heat Map, By Types
 6.5.         Vibration
 6.6.         Noise
 6.7.         Heat
 6.8.         Lubricating Oil
 6.9.         Smoke
 6.10.       Corrosion
 6.11.       Others
 7.     Global Machine Condition Monitoring Market, By Platform (USD Million)
 7.1.         Overview
 7.2.         Technology Trends
 7.3.         Market Dynamics
 7.3.1. Drivers
 7.3.2. Restraints
 7.3.3. Opportunities
 7.3.4. Market Opportunity Heat Map, By Technology
 7.4.         Hardware
 7.4.1. Vibration Sensing Component
 7.4.2. Temperature Sensing Component
 7.4.3. Infrared Sensing Component
 7.4.4. Ultrasound Sensing Component
 7.4.5. Spectrometers
 7.4.6. Oil & Chemical Sensing Component
 7.4.7. Others
 7.5.         Software
 7.6.         Service
 8.     Global Machine Condition Monitoring Market, By Monitoring Process (USD Million)
 8.1.         Overview
 8.2.         Process Trends
 8.3.         Market Dynamics
 8.3.1. Drivers
 8.3.2. Restraints
 8.3.3. Opportunities
 8.3.4. Market Opportunity Heat Map, By Technology
 8.4.         Online
 8.5.         Portable
 9.     Global Machine Condition Monitoring Market, By End Use Industry (USD Million)
 9.1.         Overview
 9.2.         Process Trends
 9.3.         Market Dynamics
 9.3.1. Drivers
 9.3.2. Restraints
 9.3.3. Opportunities
 9.3.4. Market Opportunity Heat Map, By Technology
 9.4.         Power Generation
 9.5.         Oil & Gas
 9.6.         Manufacturing
 9.7.         Metals & Mining
 9.8.         Pharmaceutical
 9.9.         Others
 10.  Global Machine Condition Monitoring Market, Types By End Use Industry (USD Million)
 10.1.       Overview
 10.2.       Vibration
 10.2.1.   Power Generation
 10.2.2.   Oil & Gas
 10.2.3.   Manufacturing
 10.2.4.   Metals & Mining
 10.2.5.   Pharmaceutical
 10.2.6.   Others
 **Similar by end use industry segmentation will be provided following types of Machine Condition Monitoring
 10.3.       Noise
 10.4.       Heat
 10.5.       Lubricating Oil
 10.6.       Smoke
 10.7.       Corrosion
 10.8.       Others
 11.  North America Machine Condition Monitoring Market (USD Million)
 11.1.       Overview
 11.2.       Pricing Dynamics
 11.2.1.   Drivers
 11.2.2.   Restraints
 11.3.       North America Machine Condition Monitoring Market, By Types (USD Million)
 11.3.1.   Vibration
 11.3.2.   Noise
 11.3.3.   Heat
 11.3.4.   Lubricating Oil
 11.3.5.   Smoke
 11.3.6.   Corrosion
 11.3.7.   Others
 11.4.       North America Machine Condition Monitoring Market, By Platform (USD Million)
 11.4.1.   Hardware
 11.4.1.1.       Vibration Sensing Component
 11.4.1.2.       Temperature Sensing Component
 11.4.1.3.       Infrared Sensing Component
 11.4.1.4.       Ultrasound Sensing Component
 11.4.1.5.       Spectrometers
 11.4.1.6.       Oil & Chemical Sensing Component
 11.4.1.7.       Others
 11.4.2.   Software
 11.4.3.   Service
 11.5.       North America Machine Condition Monitoring Market, By Monitoring Process (USD Million)
 11.5.1.   Online
 11.5.2.   Portable
 11.6.       North America Machine Condition Monitoring Market, By End Use Industry (USD Million)
 11.6.1.   Power Generation
 11.6.2.   Oil & Gas
 11.6.3.   Manufacturing
 11.6.4.   Metals & Mining
 11.6.5.   Pharmaceutical
 11.6.6.   Others
 11.7.       North America Machine Condition Monitoring Market, By Country (USD Million)
 11.7.1.   The U.S.
 11.7.2.   Canada
 12.  Europe Machine Condition Monitoring Market (USD Million)
 12.1.       Overview
 12.2.       Pricing Dynamics
 12.2.1.   Drivers
 12.2.2.   Restraints
 12.3.       Europe Machine Condition Monitoring Market, By Types (USD Million)
 12.3.1.   Vibration
 12.3.2.   Noise
 12.3.3.   Heat
 12.3.4.   Lubricating Oil
 12.3.5.   Smoke
 12.3.6.   Corrosion
 12.3.7.   Others
 12.4.       Europe Machine Condition Monitoring Market, By Platform (USD Million)
 12.4.1.   Hardware
 12.4.1.1.       Vibration Sensing Component
 12.4.1.2.       Temperature Sensing Component
 12.4.1.3.       Infrared Sensing Component
 12.4.1.4.       Ultrasound Sensing Component
 12.4.1.5.       Spectrometers
 12.4.1.6.       Oil & Chemical Sensing Component
 12.4.1.7.       Others
 12.4.2.   Software
 12.4.3.   Service
 12.5.       Europe Machine Condition Monitoring Market, By Monitoring Process (USD Million)
 12.5.1.   Online
 12.5.2.   Portable
 12.6.       Europe Machine Condition Monitoring Market, By End Use Industry (USD Million)
 12.6.1.   Power Generation
 12.6.2.   Oil & Gas
 12.6.3.   Manufacturing
 12.6.4.   Metals & Mining
 12.6.5.   Pharmaceutical
 12.6.6.   Others
 12.7.       Europe Machine Condition Monitoring Market, By Country (USD Million)
 12.7.1.   The U.K.
 12.7.2.   France
 12.7.3.   Germany
 12.7.4.   Scandinavia + CIS
 12.7.5.   Rest of the Europe
 13.  Asia Pacific Machine Condition Monitoring Market (USD Million)
 13.1.       Overview
 13.2.       Pricing Dynamics
 13.2.1.   Drivers
 13.2.2.   Restraints
 13.3.       Asia Pacific Machine Condition Monitoring Market, By Types (USD Million)
 13.3.1.   Vibration
 13.3.2.   Noise
 13.3.3.   Heat
 13.3.4.   Lubricating Oil
 13.3.5.   Smoke
 13.3.6.   Corrosion
 13.3.7.   Others
 13.4.       Asia Pacific Machine Condition Monitoring Market, By Platform (USD Million)
 13.4.1.   Hardware
 13.4.1.1.       Vibration Sensing Component
 13.4.1.2.       Temperature Sensing Component
 13.4.1.3.       Infrared Sensing Component
 13.4.1.4.       Ultrasound Sensing Component
 13.4.1.5.       Spectrometers
 13.4.1.6.       Oil & Chemical Sensing Component
 13.4.1.7.       Others
 13.4.2.   Software
 13.4.3.   Service
 13.5.       Asia Pacific Machine Condition Monitoring Market, By Monitoring Process (USD Million)
 13.5.1.   Online
 13.5.2.   Portable
 13.6.       Asia Pacific Condition Monitoring Market, By End Use Industry (USD Million)
 13.6.1.   Power Generation
 13.6.2.   Oil & Gas
 13.6.3.   Manufacturing
 13.6.4.   Metals & Mining
 13.6.5.   Pharmaceutical
 13.6.6.   Others
 13.7.       Asia Pacific Machine Condition Monitoring Market, By Country (USD Million)
 13.7.1.   China
 13.7.2.   Japan
 13.7.3.   India
 13.7.4.   Thailand
 13.7.5.   South Korea
 13.7.6.   Rest of the Asia Pacific
 14.  Middle East & Africa (MEA) Machine Condition Monitoring Market (USD Million)
 14.1.       Overview
 14.2.       Pricing Dynamics
 14.2.1.   Drivers
 14.2.2.   Restraints
 14.3.       Middle East & Africa (MEA) Machine Condition Monitoring Market, By Types (USD Million)
 14.3.1.   Vibration
 14.3.2.   Noise
 14.3.3.   Heat
 14.3.4.   Lubricating Oil
 14.3.5.   Smoke
 14.3.6.   Corrosion
 14.3.7.   Others
 14.4.       Middle East & Africa (MEA) Machine Condition Monitoring Market, By Platform (USD Million)
 14.4.1.   Hardware
 14.4.1.1.       Vibration Sensing Component
 14.4.1.2.       Temperature Sensing Component
 14.4.1.3.       Infrared Sensing Component
 14.4.1.4.       Ultrasound Sensing Component
 14.4.1.5.       Spectrometers
 14.4.1.6.       Oil & Chemical Sensing Component
 14.4.1.7.       Others
 14.4.2.   Software
 14.4.3.   Service
 14.5.       Middle East & Africa (MEA) Machine Condition Monitoring Market, By Monitoring Process (USD Million)
 14.5.1.   Online
 14.5.2.   Portable
 14.6.       Middle East & Africa (MEA) Condition Monitoring Market, By End Use Industry (USD Million)
 14.6.1.   Power Generation
 14.6.2.   Oil & Gas
 14.6.3.   Manufacturing
 14.6.4.   Metals & Mining
 14.6.5.   Pharmaceutical
 14.6.6.   Others
 14.7.       Middle East & Africa (MEA) Machine Condition Monitoring Market, By Country (USD Million)
 14.7.1.   United Arab Emirates (UAE)
 14.7.2.   Saudi Arabia
 14.7.3.   South Africa
 14.7.4.   Rest of the MEA
 15.  Latin America Machine Condition Monitoring Market (USD Million)
 15.1.       Overview
 15.2.       Pricing Dynamics
 15.2.1.   Drivers
 15.2.2.   Restraints
 15.3.       Latin America Machine Condition Monitoring Market, By Types (USD Million)
 15.3.1.   Vibration
 15.3.2.   Noise
 15.3.3.   Heat
 15.3.4.   Lubricating Oil
 15.3.5.   Smoke
 15.3.6.   Corrosion
 15.3.7.   Others
 15.4.       Latin America Machine Condition Monitoring Market, By Platform (USD Million)
 15.4.1.   Hardware
 15.4.1.1.       Vibration Sensing Component
 15.4.1.2.       Temperature Sensing Component
 15.4.1.3.       Infrared Sensing Component
 15.4.1.4.       Ultrasound Sensing Component
 15.4.1.5.       Spectrometers
 15.4.1.6.       Oil & Chemical Sensing Component
 15.4.1.7.       Others
 15.4.2.   Software
 15.4.3.   Service
 15.5.       Latin America Machine Condition Monitoring Market, By Monitoring Process (USD Million)
 15.5.1.   Online
 15.5.2.   Portable
 15.6.       Latin America Condition Monitoring Market, By End Use Industry (USD Million)
 15.6.1.   Power Generation
 15.6.2.   Oil & Gas
 15.6.3.   Manufacturing
 15.6.4.   Metals & Mining
 15.6.5.   Pharmaceutical
 15.6.6.   Others
 15.7.       Latin America Machine Condition Monitoring Market, By Country (USD Million)
 15.7.1.   Brazil
 15.7.2.   Mexico
 15.7.3.   Rest of the Latin America
 16.  Company Profiles
 16.1.       Emerson Electric Co.
 16.1.1.   Company Details (Name, Headquarter, Foundation Year, Website and Employee Strength)
 16.1.2.   Primary Business Segment
 16.1.3.   SWOT Analysis
 16.1.4.   Financial Overview
 16.1.5.   Strategy Mapping
 **Similar details would be provided for all the below mentioned companies


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