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Machine Condition Monitoring Market by Monitoring Type, Components, Monitoring Process, Applications, and Geography - Global Trend & Forecast to 2020

Machine Condition Monitoring Market by Monitoring Type (Vibration Monitoring, Ultrasound Monitoring, Thermography, & Others), Components, Monitoring Process (Portable & Online Condition Monitoring), Applications, and Geography - Global Trend & Forecast to 2020
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Published by MarketsandMarkets: 04 Nov 2015 | 42147 | In Stock

Introduction

The best overall machinery condition monitoring program is one that utilizes multiple and integrated monitoring technologies that are well-suited to detect expected failures. For low-risk machines, condition monitoring or the analysis of monitoring data can be performed by a mechanic or operator using basic monitoring tools. For machines of higher criticality, a certified condition monitoring professional should use the advanced data collection & analysis hardware and software.

Machine condition monitoring is the most preferred predictive maintenance tool in various industries, as through various condition monitoring methods, a monitoring professional can detect, predict, and prevent a wide array of machine and equipment failure. Condition monitoring not only finds various equipment and machinery faults it is also able to accurately point the cause of the machine failure. The global market for machine condition monitoring was valued at USD 1544.0 million in 2014 and is expected to reach around USD 2.450 billion by 2020 at a CAGR of 7.6% between 2015 and 2020. North America leads with more than 45% share of the overall market, followed by Europe; however, APAC is expected to be the fastest-growing markets. One of the key drivers of the market is the widespread transition to predictive maintenance from preventive maintenance in various process industries. Strategies for growth adopted by several players comprised new product developments and agreements, and contracts & partnerships and on others.

The report presents a detailed insight on the current machine condition monitoring equipment market, and identifies key trends of various segments of the market with in-depth quantitative and qualitative information. The report segments the global machine condition monitoring equipment market on the basis of monitoring types, components, monitoring processes, applications, and geography. Further, it contains market size forecasts, and trend analysis Detailed geographic insights with respect to major regions such as North America, APAC, Europe and Rest of the World have been analyzed.

Major players in global machine condition monitoring equipment market are Azima DLI Corporation (U.S), Bruel & Kjaer Sound & Vibration Measurement A/S (Denmark), Emerson Process Management (U.S), General Electric Company (U.S.), Honeywell International, Inc. (U.S.), National Instruments Corporation (U.S.), Rockwell Automation, Inc. (U.S.), SKF (Sweden), and Fluke Corporation (U.S.).

Market Overview and Industry trends, along with Premium Insights and additional qualitative analysis account for the market analysis. The market classification encompasses segmentation & sub-segmentation of the market based on components, monitoring types, monitoring processes, applications, and geography.

Table of Contents
for Machine Condition Monitoring Market by Monitoring Type (Vibration Monitoring, Ultrasound Monitoring, Thermography, & Others), Components, Monitoring Process (Portable & Online Condition Monitoring), Applications, and Geography - Global Trend & Forecast to 2020

  • TABLE OF CONTENTS

    1 INTRODUCTION 14

    1.1 OBJECTIVES OF THE STUDY 14

    1.2 MARKET DEFINITION 15

    1.3 MARKETS COVERED 15

    1.4 YEARS CONSIDERED FOR THE STUDY 16

    1.5 CURRENCY 16

    1.6 LIMITATIONS 16

    1.7 MARKET STAKEHOLDERS 16

    2 RESEARCH METHODOLOGY 17

    2.1 RESEARCH DATA 17

    2.1.1 SECONDARY DATA 18

    2.1.1.1 Key data from secondary sources 18

    2.1.2 PRIMARY DATA 18

    2.1.2.1 Key data from primary sources 19

    2.1.2.2 Key industry insights 19

    2.1.2.3 Breakdown of primaries 20

    2.2 DEMAND-SIDE ANALYSIS OF THE MACHINE CONDITION MONITORING MARKET 20

    2.2.1 DEMAND-SIDE ANALYSIS 20

    2.2.1.1 Aging maintenance workforce 21

    2.2.1.2 Increase in automation boosting the demand for machine condition monitoring 21

    2.3 MARKET SIZE ESTIMATION 22

    2.4 MARKET BREAKDOWN AND DATA TRIANULATION 24

    2.5 RESEARCH ASSUMPTIONS 25

    3 EXECUTIVE SUMMARY 26

    4 PREMIUM INSIGHTS 30

    4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL MACHINE CONDITION MONITORING MARKET 30

    4.2 MACHINE CONDITION MONITORING MARKET GROWTH, BY MONITORING TYPE 30

    4.3 MACHINE CONDITION MONITORING MARKET IN APAC, 2014 31

    4.4 MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS 32

    4.5 MACHINE CONDITION MONITORING MARKET, BY REGION (2014) 32

    5 MARKET OVERVIEW 33

    5.1 INTRODUCTION 34

    5.2 MARKET SEGMENTATION 34

    5.2.1 MARKET BY MONITORING TYPE 34

    5.2.2 MARKET BY COMPONENT 35

    5.2.3 MARKET BY MONITORING PROCESS 35

    5.2.4 MARKET BY APPLICATION 35

    5.2.5 MARKET BY GEOGRAPHY 36

    5.3 MARKET DYNAMICS 37

    5.3.1 DRIVERS 38

    5.3.1.1 Transition from preventive to predictive maintenance in process industries 38

    5.3.1.2 The use of wireless technology in machine condition monitoring 39

    5.3.1.3 Remote monitoring 39

    5.3.1.4 Growth in the heating ventilating and air conditioning (HVAC) market 40

    5.3.1.5 The growing demand for smart factories 40

    5.3.2 RESRTAINTS 42

    5.3.2.1 Unpredictable maintenance periods 42

    5.3.2.2 The need for asset modification 42

    5.3.3 OPPORTUNITIES 43

    5.3.3.1 Industrial Internet of things (IIoT) 43

    5.3.3.2 Growth in the wind energy market 43

    5.3.3.3 Condition monitoring using cloud technology 43

    5.3.4 CHALLENGES 45

    5.3.4.1 Increased drive to integrate condition monitoring techniques with management systems such as PAM and CMMS 45

    5.3.5 BURNING ISSUE 46

    5.3.5.1 Online vs. offline conundrum in machine condition monitoring 46

    6 INDUSTRY TRENDS 47

    6.1 INTRODUCTION 47

    6.2 VALUE CHAIN ANALYSIS 47

    6.3 INDUSTRY TRENDS 48

    6.4 PORTER’S FIVE FORCES ANALYSIS 49

    6.4.1 BARGAINING POWER OF SUPPLIERS 51

    6.4.2 BARGAINING POWER OF BUYERS 52

    6.4.3 THREAT OF NEW ENTRANTS 53

    6.4.4 THREAT OF SUBSTITUTES 54

    6.4.5 INTENSITY OF RIVALRY 55

    7 MARKET BY MONITORING TYPE 56

    7.1 INTRODUCTION 57

    7.2 VIBRATION MONITORING 59

    7.3 ULTRASOUND EMISSION 60

    7.4 THERMOGRAPHY 62

    7.5 LUBRICATING OIL ANALYSIS 64

    7.6 CORROSION MONITORING 65

    7.7 MOTOR CURRENT SIGNATURE ANALYSIS 67

    8 MARKET, BY COMPONENT 69

    8.1 INTRODUCTION 70

    8.2 VIBRATION SENSORS 72

    8.2.1 ACCELEROMETER 73

    8.2.2 PROXIMITY PROBES 73

    8.2.3 TACHOMETER 74

    8.3 ULTRASOUND DETECTOR 74

    8.4 INFRARED SENSORS 75

    8.5 SPECTROMETER 75

    8.6 CORROSION PROBES 76

    8.7 SPECTRUM ANALYSER 77

    8.8 OTHERS 78

    9 MARKET, BY APPLICATION 79

    9.1 INTRODUCTION 80

    9.2 AEROSPACE & DEFENSE 82

    9.3 AUTOMOTIVE 84

    9.4 CHEMICALS 87

    9.5 MARINE 89

    9.6 METALS & MINING 91

    9.7 OIL & GAS 93

    9.8 ENERGY & POWER 95

    9.9 OTHERS 97

    10 MARKET, BY MONITORING PROCESS 99

    10.1 INTRODUCTION 100

    10.2 PORTABLE CONDITION MONITORING 101

    10.3 ONLINE CONDITION MONITORING 103

    11 GEOGRAPHIC ANALYSIS 106

    11.1 INTRODUCTION 107

    11.2 NORTH AMERICA 108

    11.3 EUROPE 111

    11.4 APAC 114

    11.5 ROW 117

    12 COMPETITIVE LANDSCAPE 120

    12.1 OVERVIEW 120

    12.2 MARKET RANKING ANALYSIS FOR THE MACHINE CONDITION MONITORING MARKET, 2014 121

    12.2.1 NEW PRODUCT LAUNCHES 123

    12.2.2 CONTRACTS & AGREEMENTS 124

    12.2.3 EXPASNIONS & PARTNERSHIPS 124

    12.2.4 MERGERS & ACQUISITIONS 125

    13 COMPANY PROFILES 126

    (Overview, Products and Services, Financials, Strategy & Development)*

    13.1 INTRODUCTION 126

    13.2 EMERSON PROCESS MANAGEMENT 127

    13.3 GENERAL ELECTRIC COMPANY 130

    13.4 HONEYWELL INTERNATIONAL INC. 133

    13.5 NATIONAL INSTRUMENTS CORPORATION 136

    13.6 SKF AB 139

    13.7 PARKER HANNIFIN CORPORATION 142

    13.8 ROCKWELL AUTOMATION, INC. 144

    13.9 BRÜEL & KJAER VIBRO GMBH 146

    13.10 AZIMA DLI CORPORATION 148

    13.11 FLUKE CORPORATION 150

    13.12 SAJ ENGINEERING AND TRADING COMPANY 152

    *Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies

    14 APPENDIX 153

    14.1 INSIGHTS OF INDUSTRY EXPERTS 153

    14.2 DISCUSSION GUIDE 154

    14.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 158

    14.4 AVAILABLE CUSTOMIZATIONS 159

    14.5 RELATED REPORTS 160

List Of Tables
in Machine Condition Monitoring Market by Monitoring Type, Components, Monitoring Process, Applications, and Geography - Global Trend & Forecast to 2020

LIST OF TABLES


TABLE 1 TRANSITION FROM PREVENTIVE TO PREDICTIVE MAINTENANCE IS THE KEY DRIVER FOR GROWTH OF THE MACHINE CONDITION MONITORING MARKET 41

TABLE 2 UNPREDICTABLE MAINTENANCE PERIODS RESULTING IN DISTURBANCE IN THE ORIGINAL SCHEDULE IS THE MAJOR RESTRAINT IN THE GROWTH OF THE MACHINE CONDITION MONITORING MARKET 42

TABLE 3 INDUSTRIAL INTERNET OF THINGS (IIOT) IS THE KEY OPPORTUNITY IN MACHINE CONDITION MONITORING MARKET 45

TABLE 4 THE INCREASED DRIVE TO INTEGRATE CONDITION MONITORING WITH OTHER MANAGEMENT SYSTEM IS THE MAJOR CHALLENGE IN THE MARKET 45

TABLE 5 INTEGRATION OF CONDITION MONITORING HARDWARE AND SERVICES

IS A LEADING TREND AMONG KEY PLAYERS 48

TABLE 6 MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE,

USD MILLION, (2013-2020) 58

TABLE 7 VIBRATION MONITORING MARKET, BY MONITORING PROCESS,

2013-2020, (USD MILLION) 59

TABLE 8 VIBRATION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION) 60

TABLE 9 ULTRASOUND EMISSION MONITORING MARKET, BY MONITORING PROCESS,

2013-2020, (USD MILLION) 61

TABLE 10 ULTRASOUND EMISSION MONITORING MARKET, BY APPLICATION,

2013-2020 (USD MILLION) 62

TABLE 11 THERMOGRAPHY MARKET, BY MONITORING PROCESS, 2013-2020 USD MILLION 63

TABLE 12 THERMOGRAPHY MARKET, BY APPLICATION, 2013-2020, (USD MILLION) 63

TABLE 13 LUBRICATING OIL ANALYSIS MARKET, BY MONITORING PROCESS,

2013-2020 (USD MILLION) 64

TABLE 14 LUBRICATING OIL ANALYSIS MARKET, BY APPLICATION,

2013-2020, (USD MILLION) 65

TABLE 15 CORROSION MONITORING MARKET, BY MONITORING PROCESS,

2013-2020 (USD MILLION) 66

TABLE 16 CORROSION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION) 66

TABLE 17 MOTOR CURRENT SIGNATURE ANALYSIS MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 67

TABLE 18 MOTOR CURRENT SIGNATURE ANALYSIS, BY APPLICATION,

2013-2020 (USD MILLION) 68

TABLE 19 MACHINE CONDITION MONITORING MARKET, BY COMPONENT,

2013-2020 (USD MILLION) 71

TABLE 20 VIBRATION SENSOR MARKET, BY REGION, 2013-2020 (USD MILLION) 72

TABLE 21 ULTRASOUND DETECTOR MARKET, BY REGION, 2013-2020 (USD MILLION) 74

TABLE 22 INFRARED SENSORS MARKET, BY REGION, 2013-2020 (USD MILLION) 75

TABLE 23 SPECTROMETER MARKET, BY REGION, 2013-2020 (USD MILLION) 76

TABLE 24 CORROSION PROBES MARKET, BY REGION, 2013-2020 (USD MILLION) 76

TABLE 25 SPECTRUM ANALYSER MARKET, BY REGION, 2013-2020 (USD MILLION) 77

TABLE 26 OTHERS MARKET, BY REGION, 2013-2020 (USD MILLION) 78

TABLE 27 MACHINE CONDITION MONITORING MARKET BY APPLICATION,

2013-2020 (USD MILLION) 81

TABLE 28 AEROSPACE & DEFENSE: MACHINE CONDITION MONITORING MARKET,

BY REGION, 2013-2020 (USD MILLION) 83

TABLE 29 AEROSPACE & DEFENSE: MACHINE CONDITION MONITORING MARKET,

BY MONITORING PROCESS, 2013-2020 (USD MILLION) 83

TABLE 30 AEROSPACE & DEFENSE: MACHINE CONDITION MONITORING MARKET,

BY MONITORING TYPE, 2013-2020 (USD MILLION) 84

TABLE 31 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY REGION,

2013-2020, (USD MILLION) 85

TABLE 32 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 86

TABLE 33 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION) 86

TABLE 34 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY REGION,

2013-2020 (USD MILLION) 87

TABLE 35 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 88

TABLE 36 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION) 88

TABLE 37 MARINE: MACHINE CONDITION MONITORING MARKET, BY REGION,

2013-2020 (USD MILLION) 90

TABLE 38 MARINE: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 90

TABLE 39 MARINE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION) 91

TABLE 40 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION) 91

TABLE 41 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 92

TABLE 42 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION) 92

TABLE 43 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY REGION,

2013-2020, (USD MILLION) 93

TABLE 44 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 94

TABLE 45 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION) 94

TABLE 46 ENERGY & POWER: MACHINE CONDITION MONITORING MARKET, BY REGION, 2013-2020 (USD MILLION) 96

TABLE 47 ENERGY & POWER: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020, (USD MILLION) 96

TABLE 48 ENERGY & POWER: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION) 97

TABLE 49 OTHERS: MACHINE CONDITION MONITORING MARKET, BY REGION,

2013-2020 (USD MILLION) 97

TABLE 50 OTHERS: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 98

TABLE 51 OTHERS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TYPE, 2013-2020 (USD MILLION) 98

TABLE 52 MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS,

2013-2020 (USD MILLION) 100

TABLE 53 PORTABLE CONDITION MONITORING MARKET, BY MONITORING TYPE,

2013-2020 (USD MILLION) 101

TABLE 54 PORTABLE CONDITION MONITORING MARKET, BY APPLICATION,

2013-2020 (USD MILLION) 102

TABLE 55 PORTABLE CONDITION MONITORING MARKET, BY REGION,

2013-2020 (USD MILLION) 102

TABLE 56 ONLINE CONDITION MONITORING MARKET, BY MONITORING TYPE,

2013-2020, (USD MILLION) 103

TABLE 57 ONLINE CONDITION MONITORING MARKET, BY APPLICATION,

2013-2020 (USD MILLION) 104

TABLE 58 ONLINE CONDITION MONITORING MARKET, BY REGION,

2013-2020 (USD MILLION) 105

TABLE 59 MACHINE CONDITION MONITORING MARKET, BY REGION,

2013-2020 (USD MILLION) 108

TABLE 60 NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2013-2020 (MILLION USD) 110

TABLE 61 NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 110

TABLE 62 NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY APPLICATION, 2013-2020 (USD MILLION) 111

TABLE 63 EUROPE: MACHINE CONDITION MONITORING MARKET, BY COUNTRY,

2013-2020 (USD MILLION) 113

TABLE 64 EUROPE: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 113

TABLE 65 EUROPE: MACHINE CONDITION MONITORING MARKET, BY APPLICATION,

2013-2020 (USD MILLION) 114

TABLE 66 APAC: MACHINE CONDITION MONITORING MARKET, BY COUNTRY,

2013-2020 (USD MILLION) 116

TABLE 67 APAC: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 116

TABLE 68 APAC: MACHINE CONDITION MONITORING MARKET, BY APPLICATION,

2013-2020 (USD MILLION) 117

TABLE 69 ROW: MACHINE CONDITION MONITORING MARKET, BY COUNTRY,

2013-2020 (USD MILLION) 118

TABLE 70 ROW: MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2013-2020 (USD MILLION) 119

TABLE 71 ROW: MACHINE CONDITION MONITORING MARKET, BY APPLICATION,

2013-2020 (USD MILLION) 119

TABLE 72 NEW PRODUCT LAUNCHES, 2014-2015 123

TABLE 73 CONTRACTS & AGREEMENTS, 2012-2013 124

TABLE 74 EXPANSIONS & PARTNERSHIPS, 2012-2013 124

TABLE 75 MERGER & ACQUISITIONS 125

List Of Figures, Charts and Diagrams
in Machine Condition Monitoring Market by Monitoring Type, Components, Monitoring Process, Applications, and Geography - Global Trend & Forecast to 2020

LIST OF FIGURES


FIGURE 1 MACHINE CONDITION MONITORING: RESEARCH DESIGN 17

FIGURE 2 MACHINE CONDITION MONITORING EQUIPMENT SALES, 2002-2009 21

FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 22

FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 23

FIGURE 5 MARKET BREAKDOWN & DATA TRIANGULATION 24

FIGURE 6 AEROSPACE & DEFENSE IS ESTIMATED TO GROW RAPIDLY DURING THE FORECAST PERIOD 27

FIGURE 7 VIBRATION MONITORING EXPECTED TO REMAIN THE MOST USED MONITORING TYPE BY 2020 27

FIGURE 8 ONLINE MONITORING EXPECTED TO WITNESS HIGH GROWTH RATE DURING

THE FORECAST PERIOD 28

FIGURE 9 ASIA-PACIFIC EXPECTED TO WITNESS HIGHEST GROWTH IN THE MACHINE CONDITION MONITORING MARKET DURING THE FORECAST PERIOD 29

FIGURE 10 REAL-TIME MONITORING IS THE KEY TO GAIN COMPETITIVE ADVANTAGE 30

FIGURE 11 VIBRATION MONITORING EXPECTED TO ACCOUNT FOR LARGEST SHARE DURING THE FORECAST PERIOD 30

FIGURE 12 CHINA HELD THE LARGEST SHARE OF THE MACHINE CONDITION MONITORING MARKET IN APAC 31

FIGURE 13 ONLINE CONDITION MONITORING EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 32

FIGURE 14 NORTH AMERICA HAD THE LARGEST MARKET FOR BOTH PORTABLE AND ONLINE CONDITION MONITORING IN 2014 32

FIGURE 15 TRANSITION FROM PREVENTIVE TO PREDICTIVE MAINTENANCE A MAJOR GROWTH DRIVER OF THE FOR MACHINE CONDITION MONITORING MARKET 37

FIGURE 16 MACHINERY EQUIPMENT CONDITION DURING PROCESS FLOW 38

FIGURE 17 REMOTE MONITORING OF A MACHINE 40

FIGURE 18 CLOUD TECHNOLOGY IN MACHINE CONDITION MONITORING 44

FIGURE 19 VALUE CHAIN ANALYSIS 47

FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 49

FIGURE 21 PORTER’S FIVE FORCES IMPACT ANALYSIS, 2014 50

FIGURE 22 BARGAINING POWER OF SUPPLIERS IN THE MACHINE CONDITION MONITORING MARKET, 2014 51

FIGURE 23 BARGAINING POWER OF BUYERS IN THE MACHINE CONDITION MONITORING MARKET, 2014 52

FIGURE 24 THREAT OF NEW ENTRANTS IN THE MACHINE CONDITION MONITORING

MARKET, 2014 53

FIGURE 25 THREAT OF SUBSTITUTES IN THE MACHINE CONDITION MONITORING

MARKET, 2014 54

FIGURE 26 INTENSITY OF RIVALRY IN THE MACHINE CONDITION MONITORING MARKET, 2014 55

FIGURE 27 MACHINE CONDITION MONITORING, BY MONITORING TYPE 57

FIGURE 28 VIBRATION MONITORING IS EXPECTED TO OCCUPY LARGEST MARKET IN 2015 58

FIGURE 29 ONLINE CONDITION MONITORING IS A WIDELY USED PROCESS FOR ULTRASOUND EMISSION MONITORING 61

FIGURE 30 MOTOR CURRENT SIGNATURE ANALYSIS IS EXPECTED TO REGISTER HIGHEST GROWTH IN AEROSPACE & DEFENSE 68

FIGURE 31 MACHINE CONDITION MARKET, BY COMPONENT 70

FIGURE 32 VIBRATION SENSOR IS ESTIMATED TO BE THE MAJOR COMPONENT USED IN MACHINE CONDITION MONITORING EQUIPMENT DURING THE FORECAST PERIOD 72

FIGURE 33 MACHINE CONDITION MONITORING MARKET, BY APPLICATION 80

FIGURE 34 THE MARKET FOR AEROSPACE & DEFENSE IS EXPECTED TO GROW

AT THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 82

FIGURE 35 ONLINE CONDITION MONITORING TO EXHIBIT PROMISING GROWTH IN THE AUTOMOTIVE SECTOR DURING THE FORECAST PERIOD 85

FIGURE 36 MARINE CONDITION MONITORING IN ASIA-PACIFIC IS EXPECTED TO GROW

AT THE HIGHEST RATE DURING THE FORECAST PERIOD 89

FIGURE 37 NORTH AMERICA IS THE LARGEST MARKET FOR THE CONDITION MONITORING EQUIPMENT IN THE ENERGY & POWER SECTOR 95

FIGURE 38 ONLINE CONDITION MONITORING IS A WIDELY ADOPTED MONITORING PROCESS BY END USERS 100

FIGURE 39 AEROSPACE & DEFENSE TO EXHIBIT A HIGH GROWTH POTENTIAL FOR ONLINE CONDITION MONITORING MARKET DURING THE FORECAST PERIOD 104

FIGURE 40 MACHINE CONDITION MONITORING MARKET SNAPSHOT BETWEEN

2015 AND 2020 107

FIGURE 41 NORTH AMERICA: MARKET SNAPSHOT 109

FIGURE 42 EUROPE: MARKETNAPSHOT 112

FIGURE 43 APAC: MARKET SNAPSHOT 115

FIGURE 44 ROW MARKET SNAPSHOT 118

FIGURE 45 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY 120

FIGURE 46 TOTAL REVENUE GROWTH OF MAJOR PLAYERS IN CONDITION MONITORING

(2012-2014) 122

FIGURE 47 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCH WAS THE KEY STRATEGY 122

FIGURE 48 GEOGRAPHIC MIX OF KEY MARKET PLAYERS 126

FIGURE 49 EMERSON PROCESS MANAGEMENT: COMPANY SNAPSHOT 127

FIGURE 50 EMERSON PROCESS MANAGEMENT: SWOT ANALYSIS 129

FIGURE 51 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 130

FIGURE 52 GENERAL ELECTRIC COMPANY: SWOT ANALYSIS 132

FIGURE 53 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 133

FIGURE 54 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS 135

FIGURE 55 NATIONAL INSTRUMENTS CORPORATION: COMPANY SNAPSHOT 136

FIGURE 56 NATIONAL INSTRUMENTS CORPORATION: SWOT ANALYSIS 138

FIGURE 57 SKF AB: COMPANY SNAPSHOT 139

FIGURE 58 SKF AB: SWOT ANALYSIS 141

FIGURE 59 PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT 142

FIGURE 60 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT 144

Additional Details

Publisher

MarketsandMarkets

Publisher Information

Reference

42147 | SE 2739

Number of Pages

162

Report Format

PDF

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The European hyperspectral imaging technologies market is estimated to grow at a CAGR of 11.4% from ...
02 Feb 2015 by MarketsandMarkets USD $2,253 (normally
USD $2,651)
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Machine Condition Monitoring Market by Monitoring Type (Vibration Monitoring, Ultrasound Monitoring, Thermography, & Others), Components, Monitoring Process (Portable & Online Condition Monitoring), Applications, and Geography - Global Trend & Forecast to 2020 | Download PDF Summary

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