Machine Condition Monitoring Market to Reach $2.34 billion with 6.54% CAGR to 2022

PUNE, INDIA, July 12, 2016 /EINPresswire.com/ -- The Global Machine Condition Monitoring market is expected to grow from $1.7 billion in 2015 to $2.34 billion in 2020, at a CAGR of 6.54% during the period 2015 to 2020. Machine Condition monitoring has gained significance as companies are focusing on asset utilization and increasing productivity. Increasing equipment performance and productivity through predictive maintenance, enhancement in equipment reliability by effective projection of their failures and inclination of growth towards HVAC market are the factors that are making the Machine Condition Monitoring market to grow lucratively. Foreseeable problems can be corrected at an early stage before resulting in major damage or even total failure of the equipment using Machine Condition Monitoring solutions. The factors hindering the growth of Machine Condition Monitoring are unpredictable maintenance periods affecting the growth potential of the Machine Condition monitoring market.

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Vibration monitoring holds the leading place amongst all Machine Condition Monitoring maintenance technologies because of its extensive use in process industries for troubleshooting and fault diagnosis of machinery. The US and Europe are leading the Global Machine Condition Monitoring markets, followed by Asia Pacific.
The Machine Condition Monitoring Market is segmented on the basis of Type (Online Vibration Monitor, Portable Vibration Monitor and Others), Product (Vibration Monitoring, Lubricating Oil Analysis, Thermography, Ultrasound Emission and Others), Component (Accelerometer, Proximity Probes, Tachometer, Spectrometer, Thermal Camera and Others), Application (Automotive, Energy & Power, Aerospace and Defense, Oil & Gas, Chemical and Others), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

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This report describes a detailed study of the Porter’s five forces analysis, market segments, major geographies, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Machine Condition Monitoring Market. Some of the top players mentioned in the report are Honeywell International (U.S.), Rockwell Automation Inc (U.S), Bruel & Kjaer (Denmark), Emerson Electric Company (U.S), General Electric Corporation(U.S) and among others.
SPECIALITIES OF THIS REPORT
The report will be useful in gaining an exhaustive understanding of the regional market. It will also be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade.
The report will be an ideal source material for industry consultants, manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered.
The report contains wide range of information about the leading market players and the major strategies adopted by them.

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Table of content
1. Introduction
1.1 Description
1.2 Research Methodology
1.3 Report Outline by Type, Product, Component, Application, and Geographies Covered
2. Executive Summary
3. Market Overview
3.1 Current Market Scenario
3.2 Applications of Machine Condition Monitoring Market
3.3 Factors Driving the Market
3.3.1 Increasing Equipment Performance and Productivity Through Predictive Maintenance
3.3.2 Equipment Reliability Enhancement by Effective Projection of Their Failures
3.3.3 Inclination of Growth Towards HVAC Market
3.4 Factors Restraining the Market
3.4.1 Economic Slowdown Due To Restricted End-User Spending
3.4.2 Unpredictable Maintenance Periods
3.5 Current Market Opportunities
3.6 Technology Snapshot
3.7 Porter’s Five Forces
3.7.1 Bargaining Power of Suppliers
3.7.2 Bargaining Power of Consumers
3.7.3 Threat of New Entrants
3.7.4 Threat of Substitute Products and Services
3.7.5 Competitive Rivalry within the Industry
4. Machine Condition Monitoring Market Breakdown by Type – Market Share, Forecast
4.1 Online Machine Monitoring
4.1.1 Introduction
4.1.2 Market Share, Size and Forecast
4.2 Portable Machine Monitoring
4.2.1 Introduction
4.2.2 Market Share, Size and Forecast
4.3 Others
4.3.1 Introduction
4.3.2 Market Share, Size and Forecast
5. Machine Condition Monitoring Market Breakdown by Product - Market Share, Forecast
5.1 Vibration Monitoring
5.1.1 Introduction
5.1.2 Market Share, Size and Forecast
5.2 Lubricating Oil Analysis
5.2.1 Introduction
5.2.2 Market Share, Size and Forecast
5.3 Thermography
5.3.1 Introduction
5.3.2 Market Share, Size and Forecast
5.4 Ultrasound Emission
5.4.1 Introduction
5.4.2 Market Share, Size and Forecast
5.5 Others
5.5.1 Introduction
5.5.2 Market Share, Size and Forecast
6. Machine Condition Monitoring Market Breakdown by Component - Market Share, Forecast
6.1 Accelerometer
6.1.1 Introduction
6.1.2 Market Share, Size and Forecast
6.2 Proximity Probes
6.2.1 Introduction
6.2.2 Market Share, Size and Forecast
6.3 Tachometer
6.3.1 Introduction
6.3.2 Market Share, Size and Forecast
6.4 Spectrometer
6.4.1 Introduction
6.4.2 Market Share, Size and Forecast
6.5 Thermal Camera
6.5.1 Introduction
6.5.2 Market Share, Size and Forecast
6.6 Others
6.6.1 Introduction
6.6.2 Market Share, Size and Forecast
7. Machine Condition Monitoring Market Breakdown by Application – Market Share, Forecast
7.1 Energy & Power
7.1.1 Introduction
7.1.2 Market Share, Size and Forecast
7.2 Aerospace and Defense
7.2.1 Introduction
7.2.2 Market Share, Size and Forecast
7.3 Oil & Gas
7.3.1 Introduction
7.3.2 Market Share, Size and Forecast
7.4 Chemical
7.4.1 Introduction
7.4.2 Market Share, Size and Forecast
7.5 Automotive
7.5.1 Introduction
7.5.2 Market Share, Size and Forecast
7.6 Others
7.6.1 Introduction
7.6.2 Market Share, Size and Forecast
8. Machine Condition Monitoring Market by Geography
8.1 North America
8.1.1 Introduction
8.1.2 United States
8.1.2.1 Market Share, Size and Forecast by Type & Product
8.1.2.2 Market Share, Size and Forecast by Component & Application
8.1.3 Canada
8.1.3.1 Market Share, Size and Forecast by Type & Product
8.1.3.2 Market Share, Size and Forecast by Component & Application
8.1.4 Others
8.1.4.1 Market Share, Size and Forecast by Type & Product
8.1.4.2 Market Share, Size and Forecast by Component & Application
8.2 Europe
8.2.1 Introduction
8.2.2 Germany
8.2.2.1 Market Share, Size and Forecast by Type & Product
8.2.2.2 Market Share, Size and Forecast by Component & Application
8.2.3 United Kingdom

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