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The machine condition monitoring market is forecasted to grow by USD 1.26 billion during 2023-2028, accelerating at a CAGR of 7.41% during the forecast period. The report on the machine condition monitoring market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by wireless communication gaining momentum in industries, increased focus and investment in smart factory, and power sector disruption and generation focus tilting toward renewables.
The machine condition monitoring market is segmented as below:
By Deployment
- On-premises
- Cloud
By End-user
- Energy and power industry
- Cement and metal industry
- Oil and gas industry
- Chemical and petrochemical industry
- Automotive industry and others
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the machine condition monitoring market covers the following areas:
- Machine condition monitoring market sizing
- Machine condition monitoring market forecast
- Machine condition monitoring market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global machine condition monitoring market: AB SKF, ALS Ltd., AMETEK Inc., Analog Devices Inc., Baker Hughes Co., Dewesoft d.o.o., Emerson Electric Co., Fortive Corp., Gastops Ltd., General Electric Co., Honeywell International Inc., ifm electronic gmbh, National Instruments Corp., OMRON Corp., Parker Hannifin Corp., Rockwell Automation Inc., Schaeffler AG, Signals and Systems India Pvt. Ltd., SPM Instrument, and Teledyne Technologies Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is improvement in sensor technology."
According to the report, one of the major drivers for this market is the wireless communication gaining momentum in industries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB SKF
- ALS Ltd.
- AMETEK Inc.
- Analog Devices Inc.
- Baker Hughes Co.
- Dewesoft d.o.o.
- Emerson Electric Co.
- Fortive Corp.
- Gastops Ltd.
- General Electric Co.
- Honeywell International Inc.
- ifm electronic gmbh
- National Instruments Corp.
- OMRON Corp.
- Parker Hannifin Corp.
- Rockwell Automation Inc.
- Schaeffler AG
- Signals and Systems India Pvt. Ltd.
- SPM Instrument
- Teledyne Technologies Inc.
