DUBLIN--(BUSINESS WIRE)--The "Global Machine Condition Monitoring Market - Segmented by Type (Vibration Monitoring, Ultrasound Emission, Thermography, and Lubricating Oil Analysis), Monitoring Process, Application, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global machine condition monitoring market was valued at USD 1872.2 million in 2017 and is expected to reach a market value of USD 2529.7 million by 2023, registering a CAGR of 5.1% during the forecast period (2018-2023).
Machine condition monitoring has recently gained increased significance as companies are focusing more on asset utilization and increasing productivity.
Increasing equipment performance and productivity through predictive maintenance, enhancement in equipment reliability by the effective projection of their failures, and inclination of growth towards HVAC market are the factors that are boosting the growth of the machine condition monitoring market.
Key Highlights
- Increasing Equipment Performance and Productivity through Predictive Maintenance is the Major Driver for the Market
- Increased Adoption of Vibration Sensors in Industries Increasing Demand for Preventive and Predictive Maintenance
- Online Machine Monitoring Expected to Grow with the Fastest CAGR
- North America Expected to Dominate the Market
Key Topics Covered
1. Introduction
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Machine Condition Monitoring Market Segmentation
6. Vendor Market Share
7. Competitive Intelligence - Company Profiles
- Emerson Electric Co.
- General Electric Co.
- SKF Group
- National Instruments Corporation
- Bruel & Kjaer Vibro GmbH
- SPM Instruments AB
- Rockwell Automation Inc.
- Meggit Sensing Systems
- Azima DLI Corporation
8. Investment Analysis
9. Future Outlook of Machine Condition Monitoring Market
For more information about this report visit https://www.researchandmarkets.com/research/kv88wk/the_global?w=4
