Report presents global forecast of machine condition monitoring market to 2020


Machine condition monitoring is the best way of maintaining machines to meet the requirements of production. It is the process of monitoring the health of a machine with the intent of predicting mechanical wear and failure. Machine condition monitoring is a part of the predictive maintenance process. The machine CM market has a broad scope in industry and is important as it provides information concerning the condition of machinery, which ensures the right maintenance is provided at the right time. Machine condition monitoring provides sensory indication that components are functioning under rated capacity and provide a suitable warning if the preset standard conditions and indices are exceeded. 

For this report, the machine CM market is segmented in terms of product type, such as corrosion monitoring equipment, lubricating oil analysis equipment, motor current signature analysis, thermography equipment, ultrasound emission equipment and vibration monitoring equipment. The report is further segmented into component types, including corrosion probes, spectrometers, spectrum analyzers, thermal cameras, ultrasonic detectors, vibration sensors and others (for example software) used in the machine condition monitoring market. The report is also segmented in terms of various applications, such as aerospace and defence, automotive, chemicals, marine, mining, oil & gas and power. The report provides geographical analysis and estimation for markets across the Americas, Europe, APAC and the ROW. 

The report includes the detailed value chain analysis of the machine condition monitoring industry. It also provides the Porter's Five Forces Analysis with a description of each of its forces and their respective impact on the market. The companies included in the report are: AZIMA DLI Corp (USA), Bruel & Kjaer Vibro GmbH (Denmark), Emerson Process Management (USA), Fluke Corp (USA), GE (USA), Honeywell Process Solution (USA), National Instruments (USA), Parker Kittiwake (UK), Rockwell Automation Inc. (USA), SKF (Sweden) and more. 

Key points from the report are: 
  • The total revenue of the machine condition monitoring market is expected to grow at an estimated CAGR of 7.16% from 2014-2020 
  • Analysis of the global market with special focus on high-growth applications in each verticals and fast growing market segments 
  • The report includes statistics by component, product type, application type, and geography, with a detailed classification split by revenue 
  • Porter's analysis in detail along with their impact 
  • Major market trends, drivers, restraints and opportunities for the machine CM market 
  • Illustrative segmentation, analysis and forecast of the major geographical markets to give an overall view of the machine CM market 
  • The future of the machine CM market from technical as well as market oriented perspectives 
  • Detailed competitive landscape with identification of the key players with in-depth market share analysis, including individual revenue and market share rankings.