Machine Condition Monitoring Market Size to Exceed US$ 7.45 Billion by 2030 | Says Precedence Research

According to Precedence Research, during the forecast period of 2022 to 2030, the global machine condition monitoring market is estimated to develop at a compound annual growth rate (CAGR) of 7.4%. The global machine condition monitoring market was valued at USD 3.92 billion in 2021, and it is predicted to exceed USD 7.45 billion by 2030. The study investigates several elements and their consequences on the growth of the machine condition monitoring market.

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This report focuses on machine condition monitoring market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall machine condition monitoring market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.

Report Scope of the Machine Condition Monitoring Market

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of machine condition monitoring, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of machine condition monitoring has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the machine condition monitoring market.

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

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Segments Covered in the Report

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]

Some of the important ones are:

• What can be the best investment choices for venturing into new product and service lines?
• What value propositions should businesses aim at while making new research and development funding?
• Which regulations will be most helpful for stakeholders to boost their supply chain network?
• Which regions might see the demand maturing in certain segments in near future?
• What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
• Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
• Which government regulations might challenge the status of key regional markets?
• How will the emerging political and economic scenario affect opportunities in key growth areas?
• What are some of the value-grab opportunities in various segments?
• What will be the barrier to entry for new players in the market?

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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