DUBLIN--(BUSINESS WIRE)--The "Machine Condition Monitoring - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the Global Machine condition monitoring market is accounted for $2.11billion in 2017 and is expected to reach $4.45 billion by 2026 growing at a CAGR of 8.6%.
Development of a secure cloud computing platform, increased use of wireless communication technology for condition monitoring of equipment and inclination of end users towards predictive maintenance are the factors fueling the market growth. However, factors such as lack of trained technical resources for data analysis and lack of trust in prediction capabilities of machine condition monitoring technology are restricting the market growth.
Machine condition monitoring allows maintenance to be scheduled, or other actions to be taken to prevent consequential damages and avoid its consequences. Machine condition monitoring techniques is used in rotating electric motors, internal combustion engines, presses equipment and pumps.
Amongst monitoring processes, online and portable segment accounted for the largest market share in the global market. Online machine condition monitoring offers real time data to operators at the plant and is the most preferred monitoring process in significant services that effort continuously and are highly level to defects.
- Pcb Piezotronics
- Emerson Electric
- Pruftechnik Dieter Busch
- General Electric
- Fluke Corporation
- Bruel & Kjaer
- National Instruments
- Azima Dli
- Rockwell Automation
- ALS Ltd.
- Parker Hannifin
- Analog Devices
- Flir Systems
- 3D Signals
- SPM Instrument
- Uptake Canada
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Machine Condition Monitoring Market, By Monitoring Technique
6 Global Machine Condition Monitoring Market, By Offering
7 Global Machine Condition Monitoring Market, By Deployment Type
8 Global Machine Condition Monitoring Market, By Monitoring Process
9 Global Machine Condition Monitoring Market, By End User
10 Global Machine Condition Monitoring Market, By Geography
11 Key Developments
12 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/72d8r3/global_machine?w=4