May 20, 2024

Machine Condition Monitoring Market Size to Worth Around US$ 7.45 Billion by 2030

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global machine condition monitoring market was valued at around USD 3.92 billion in 2021 and is expected to register revenues worth USD 7.45 billion by the end of 2030, growing at an exceptional CAGR of approximately 7.4% between 2022 and 2030.

Machine Condition Monitoring

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Machine Condition Monitoring Market Report Scope

A recent study by Precedence Research on the machine condition monitoring market offers a forecast for 2022 and 2030. The study analyzes crucial trends that are currently determining the growth of the machine condition monitoring market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of machine condition monitoring. The study also provides the dynamics that are responsible for influencing the future status of the machine condition monitoring market over the forecast period.

A detailed assessment of the machine condition monitoring market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the machine condition monitoring market along with their product portfolio enhances the reliability of this comprehensive research study.

Competition Landscape

The report has engulfed a chapter on the global machine condition monitoring market’s competitive landscape, which provides detailed analysis and insights on companies offering machine condition monitoring. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Read Also@ Surgical Sutures Market Size to Worth Around US$ 7.2 Billion by 2030

Some of the Prominent Players in the Machine Condition Monitoring Market Include:
  • SKF (Sweden)
  • Emerson Electric (US)
  • General Electric (US)
  • Honeywell International (US)
  • National Instruments (US)
  • Parker Hannifin Corporation
  • Rockwell Automation, Inc.
  • Schaeffler AG
  • Fortive Corporation (Fluke Corporation)
  • ALS Limited
Machine Condition Monitoring Market Segmentation

By Monitoring Technique

  • Thermography
  • Vibration Monitoring
  • Motor Current Analysis
  • Corrosion Monitoring
  • Oil Analysis
  • Ultrasound Emission

By Offering

  • Hardware
    • Vibration & Infrared Sensors
    • Ultrasound Detectors
    • Spectrum Analyzers
    • Corrosion Probes
    • Others
  • Software
    • Data Integration
    • Order Tracking Analysis
    • Others

By Monitoring Process

  • Portable Condition Monitoring
  • Online Condition Monitoring

By Deployment

  • Cloud
  • Premises

By Industries

  • Marine
  • Health
  • Oil and Gas
  • Power generation
  • Metals and mining
  • Automotive
  • Chemicals
  • others

By Application

  • Pharmaceuticals
  • Food & beverages
  • Automobiles

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global machine condition monitoring market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the machine condition monitoring market.

The report includes country-wise and region-wise market size for the period 2022-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2022-2030.

Why should you invest in this report?

If you are aiming to enter the global machine condition monitoring market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for machine condition monitoring are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Application Procurement Analysis

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Machine Condition Monitoring Market 

5.1. COVID-19 Landscape: Machine Condition Monitoring Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Machine Condition Monitoring Market, By Monitoring Technique

8.1. Machine Condition Monitoring Market, by Monitoring Technique, 2022-2030

8.1.1. Hardware

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Software

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Machine Condition Monitoring Market, By Offering

9.1. Machine Condition Monitoring Market, by Offering, 2022-2030

9.1.1. Portable Condition Monitoring

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Online Condition Monitoring

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Machine Condition Monitoring Market, By Monitoring Process

10.1. Machine Condition Monitoring Market, by Monitoring Process, 2022-2030

10.1.1. Cloud

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Premises

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Machine Condition Monitoring Market, By Deployment

11.1. Machine Condition Monitoring Market, by Deployment, 2022-2030

11.1.1. Marine

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Health

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Oil and Gas

11.1.3.1. Market Revenue and Forecast (2017-2030)

11.1.4. Power generation

11.1.4.1. Market Revenue and Forecast (2017-2030)

11.1.5. Metals and mining

11.1.5.1. Market Revenue and Forecast (2017-2030)

11.1.6. Automotive

11.1.6.1. Market Revenue and Forecast (2017-2030)

11.1.7. Chemicals

11.1.7.1. Market Revenue and Forecast (2017-2030)

11.1.8. Others

11.1.8.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Machine Condition Monitoring Market, By Industries

12.1. Machine Condition Monitoring Market, by Industries, 2022-2030

12.1.1. Cheese

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Dessert

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Snacks

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. Discrete

12.1.4.1. Market Revenue and Forecast (2017-2030)

12.1.5. Others

12.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Machine Condition Monitoring Market, By Application

13.1. Machine Condition Monitoring Market, by Application, 2022-2030

13.1.1. Pharmaceuticals

13.1.1.1. Market Revenue and Forecast (2017-2030)

13.1.2. Food & beverages

13.1.2.1. Market Revenue and Forecast (2017-2030)

13.1.3. Automobiles

13.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 14. Global Machine Condition Monitoring Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.1.2. Market Revenue and Forecast, by Offering (2017-2030)

14.1.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.1.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.1.5. Market Revenue and Forecast, by Industries (2017-2030)

14.1.6. Market Revenue and Forecast, by Application (2017-2030)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.1.7.2. Market Revenue and Forecast, by Offering (2017-2030)

14.1.7.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.1.7.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.1.8. Market Revenue and Forecast, by Industries (2017-2030)

14.1.8.1. Market Revenue and Forecast, by Application (2017-2030)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.1.9.2. Market Revenue and Forecast, by Offering (2017-2030)

14.1.9.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.1.9.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.1.10. Market Revenue and Forecast, by Industries (2017-2030)

14.1.11. Market Revenue and Forecast, by Application (2017-2030)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.2.2. Market Revenue and Forecast, by Offering (2017-2030)

14.2.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.2.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.2.5. Market Revenue and Forecast, by Industries (2017-2030)

14.2.6. Market Revenue and Forecast, by Application (2017-2030)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.2.8.2. Market Revenue and Forecast, by Offering (2017-2030)

14.2.8.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.2.9. Market Revenue and Forecast, by Deployment (2017-2030)

14.2.10. Market Revenue and Forecast, by Industries (2017-2030)

14.2.10.1. Market Revenue and Forecast, by Application (2017-2030)

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.2.11.2. Market Revenue and Forecast, by Offering (2017-2030)

14.2.11.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.2.12. Market Revenue and Forecast, by Deployment (2017-2030)

14.2.13. Market Revenue and Forecast, by Industries (2017-2030)

14.2.14. Market Revenue and Forecast, by Application (2017-2030)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.2.15.2. Market Revenue and Forecast, by Offering (2017-2030)

14.2.15.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.2.15.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.2.16. Market Revenue and Forecast, by Industries (2017-2030)

14.2.16.1. Market Revenue and Forecast, by Application (2017-2030)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.2.17.2. Market Revenue and Forecast, by Offering (2017-2030)

14.2.17.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.2.17.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.2.18. Market Revenue and Forecast, by Industries (2017-2030)

14.2.18.1. Market Revenue and Forecast, by Application (2017-2030)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.3.2. Market Revenue and Forecast, by Offering (2017-2030)

14.3.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.3.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.3.5. Market Revenue and Forecast, by Industries (2017-2030)

14.3.6. Market Revenue and Forecast, by Application (2017-2030)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.3.7.2. Market Revenue and Forecast, by Offering (2017-2030)

14.3.7.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.3.7.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.3.8. Market Revenue and Forecast, by Industries (2017-2030)

14.3.9. Market Revenue and Forecast, by Application (2017-2030)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.3.10.2. Market Revenue and Forecast, by Offering (2017-2030)

14.3.10.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.3.10.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.3.11. Market Revenue and Forecast, by Industries (2017-2030)

14.3.11.1. Market Revenue and Forecast, by Application (2017-2030)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.3.12.2. Market Revenue and Forecast, by Offering (2017-2030)

14.3.12.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.3.12.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.3.12.5. Market Revenue and Forecast, by Industries (2017-2030)

14.3.12.6. Market Revenue and Forecast, by Application (2017-2030)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.3.13.2. Market Revenue and Forecast, by Offering (2017-2030)

14.3.13.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.3.13.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.3.13.5. Market Revenue and Forecast, by Industries (2017-2030)

14.3.13.6. Market Revenue and Forecast, by Application (2017-2030)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.4.2. Market Revenue and Forecast, by Offering (2017-2030)

14.4.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.4.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.4.5. Market Revenue and Forecast, by Industries (2017-2030)

14.4.6. Market Revenue and Forecast, by Application (2017-2030)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.4.7.2. Market Revenue and Forecast, by Offering (2017-2030)

14.4.7.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.4.7.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.4.8. Market Revenue and Forecast, by Industries (2017-2030)

14.4.9. Market Revenue and Forecast, by Application (2017-2030)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.4.10.2. Market Revenue and Forecast, by Offering (2017-2030)

14.4.10.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.4.10.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.4.11. Market Revenue and Forecast, by Industries (2017-2030)

14.4.12. Market Revenue and Forecast, by Application (2017-2030)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.4.13.2. Market Revenue and Forecast, by Offering (2017-2030)

14.4.13.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.4.13.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.4.13.5. Market Revenue and Forecast, by Industries (2017-2030)

14.4.13.6. Market Revenue and Forecast, by Application (2017-2030)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.4.14.2. Market Revenue and Forecast, by Offering (2017-2030)

14.4.14.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.4.14.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.4.14.5. Market Revenue and Forecast, by Industries (2017-2030)

14.4.14.6. Market Revenue and Forecast, by Application (2017-2030)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.5.2. Market Revenue and Forecast, by Offering (2017-2030)

14.5.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.5.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.5.5. Market Revenue and Forecast, by Industries (2017-2030)

14.5.6. Market Revenue and Forecast, by Application (2017-2030)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.5.7.2. Market Revenue and Forecast, by Offering (2017-2030)

14.5.7.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.5.7.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.5.8. Market Revenue and Forecast, by Industries (2017-2030)

14.5.8.1. Market Revenue and Forecast, by Application (2017-2030)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Monitoring Technique (2017-2030)

14.5.9.2. Market Revenue and Forecast, by Offering (2017-2030)

14.5.9.3. Market Revenue and Forecast, by Monitoring Process (2017-2030)

14.5.9.4. Market Revenue and Forecast, by Deployment (2017-2030)

14.5.9.5. Market Revenue and Forecast, by Industries (2017-2030)

14.5.9.6. Market Revenue and Forecast, by Application (2017-2030)

Chapter 15. Company Profiles

15.1. SKF (Sweden)

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Emerson Electric (US)

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. General Electric (US)

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Honeywell International (US)

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. National Instruments (US)

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Parker Hannifin Corporation

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Rockwell Automation, Inc.

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Schaeffler AG

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Fortive Corporation (Fluke Corporation)

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. ALS Limited

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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