Machine Condition Monitoring Market Size, Share, Growth, and Forecast 2023 – 2032
The report analyzes and forecasts the Machine Condition Monitoring Market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2022 to 2030. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Machine Condition Monitoring Market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the Machine Condition Monitoring Market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of Machine Condition Monitoring Market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
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In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding. Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
Market Players as below:
Some of the global machine condition monitoring companies profiled in the report include ALS, Emerson Electric Co., General Electric, Honeywell International Inc., Megget PLC, National Instruments Corp., Parker Hannifin, Rockwell Automation, Inc., Schaeffler AG., and SKF AB.
The major market segments of Machine Condition Monitoring Market are as below:
Machine Condition Monitoring Market By Monitoring Technique
- Vibration Monitoring
- Thermography
- Oil Analysis
- Corrosion Monitoring
- Ultrasound Emission Monitoring
- Others
Machine Condition Monitoring Market By Monitoring Process
- Online
- Portable
Machine Condition Monitoring Market By Component
- Hardware
- Software
- Services
Machine Condition Monitoring Market By Deployment
- Cloud
- On-Premises
Machine Condition Monitoring Market By End-Use
- Power Generation
- Automotive
- Oil & Gas
- Metal & Mining
- Aerospace
- Food & Beverages
- Chemicals
- Marine
- Others
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Table Of Contents:
CHAPTER 1. Industry Overview of Machine Condition Monitoring Market
1.1. Definition and Scope
1.1.1. Definition of Machine Condition Monitoring
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Machine Condition Monitoring Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Machine Condition Monitoring Market By Monitoring Technique
1.2.3. Machine Condition Monitoring Market By Monitoring Process
1.2.4. Machine Condition Monitoring Market By Component
1.2.5. Machine Condition Monitoring Market By Deployment
1.2.6. Machine Condition Monitoring Market By End-Use
1.2.7. Machine Condition Monitoring Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Machine Condition Monitoring Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Machine Condition Monitoring Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2022
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Flooring & Wall Panels Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Machine Condition Monitoring Market By Monitoring Technique
5.1. Introduction
5.2. Machine Condition Monitoring Market Revenue By Monitoring Technique
5.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By Monitoring Technique, 2020-2032
5.2.2. Vibration Monitoring
5.2.2.1. Vibration Monitoring Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Thermography
5.2.3.1. Thermography Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4. Oil Analysis
5.2.4.1. Oil Analysis Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.5. Corrosion Monitoring
5.2.5.1. Corrosion Monitoring Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.6. Ultrasound Emission Monitoring
5.2.6.1. Ultrasound Emission Monitoring Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.7. Others
5.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Machine Condition Monitoring Market By Monitoring Process
6.1. Introduction
6.2. Machine Condition Monitoring Market Revenue By Monitoring Process
6.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By Monitoring Process, 2020-2032
6.2.2. Online
6.2.2.1. Online Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Portable
6.2.3.1. Portable Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. Machine Condition Monitoring Market By Component
7.1. Introduction
7.2. Machine Condition Monitoring Market Revenue By Component
7.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By Component, 2020-2032
7.2.2. Hardware
7.2.2.1. Hardware Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.3. Software
7.2.3.1. Software Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.4. Services
7.2.4.1. Services Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 8. Machine Condition Monitoring Market By Deployment
8.1. Introduction
8.2. Machine Condition Monitoring Market Revenue By Deployment
8.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By Deployment, 2020-2032
8.2.2. Cloud
8.2.2.1. Cloud Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
8.2.3. On-Premises
8.2.3.1. On-Premises Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 9. Machine Condition Monitoring Market By End-Use
9.1. Introduction
9.2. Machine Condition Monitoring Market Revenue By End-Use
9.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By End-Use, 2020-2032
9.2.2. Power Generation
9.2.2.1. Power Generation Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
9.2.3. Automotive
9.2.3.1. Automotive Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
9.2.4. Oil & Gas
9.2.4.1. Oil & Gas Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
9.2.5. Metal & Mining
9.2.5.1. Metal & Mining Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
9.2.6. Aerospace
9.2.6.1. Aerospace Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
9.2.7. Food & Beverages
9.2.7.1. Food & Beverages Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
9.2.8. Chemicals
9.2.8.1. Chemicals Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
9.2.9. Marine
9.2.9.1. Marine Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
9.2.10. Others
9.2.10.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 10. North America Machine Condition Monitoring Market By Country
10.1. North America Machine Condition Monitoring Market Overview
10.2. U.S.
10.2.1. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
10.2.2. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
10.2.3. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
10.2.4. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
10.2.5. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
10.3. Canada
10.3.1. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
10.3.2. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
10.3.3. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
10.3.4. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
10.3.5. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
10.4. North America PEST Analysis
CHAPTER 11. Europe Machine Condition Monitoring Market By Country
11.1. Europe Machine Condition Monitoring Market Overview
11.2. U.K.
11.2.1. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
11.2.2. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
11.2.3. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
11.2.4. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
11.2.5. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.3. Germany
11.3.1. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
11.3.2. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
11.3.3. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
11.3.4. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
11.3.5. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.4. France
11.4.1. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
11.4.2. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
11.4.3. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
11.4.4. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
11.4.5. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.5. Spain
11.5.1. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
11.5.2. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
11.5.3. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
11.5.4. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
11.5.5. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.6. Rest of Europe
11.6.1. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
11.6.2. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
11.6.3. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
11.6.4. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
11.6.5. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.7. Europe PEST Analysis
CHAPTER 12. Asia-Pacific Machine Condition Monitoring Market By Country
12.1. Asia-Pacific Machine Condition Monitoring Market Overview
12.2. China
12.2.1. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
12.2.2. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
12.2.3. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
12.2.4. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
12.2.5. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.3. Japan
12.3.1. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
12.3.2. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
12.3.3. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
12.3.4. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
12.3.5. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.4. India
12.4.1. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
12.4.2. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
12.4.3. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
12.4.4. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
12.4.5. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.5. Australia
12.5.1. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
12.5.2. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
12.5.3. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
12.5.4. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
12.5.5. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.6. South Korea
12.6.1. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
12.6.2. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
12.6.3. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
12.6.4. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
12.6.5. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.7. Rest of Asia-Pacific
12.7.1. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
12.7.2. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
12.7.3. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
12.7.4. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
12.7.5. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.8. Asia-Pacific PEST Analysis
CHAPTER 13. Latin America Machine Condition Monitoring Market By Country
13.1. Latin America Machine Condition Monitoring Market Overview
13.2. Brazil
13.2.1. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
13.2.2. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
13.2.3. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
13.2.4. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
13.2.5. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
13.3. Mexico
13.3.1. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
13.3.2. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
13.3.3. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
13.3.4. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
13.3.5. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
13.4. Rest of Latin America
13.4.1. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
13.4.2. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
13.4.3. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
13.4.4. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
13.4.5. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
13.5. Latin America PEST Analysis
CHAPTER 14. Middle East & Africa Machine Condition Monitoring Market By Country
14.1. Middle East & Africa Machine Condition Monitoring Market Overview
14.2. GCC
14.2.1. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
14.2.2. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
14.2.3. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
14.2.4. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
14.2.5. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
14.3. South Africa
14.3.1. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
14.3.2. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
14.3.3. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
14.3.4. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
14.3.5. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
14.4. Rest of Middle East & Africa
14.4.1. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032
14.4.2. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032
14.4.3. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032
14.4.4. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032
14.4.5. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032
14.5. Middle East & Africa PEST Analysis
CHAPTER 15. Player Analysis Of Machine Condition Monitoring Market
15.1. Machine Condition Monitoring Market Company Share Analysis
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by product, presence, market share, and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Mergers And Acquisition In Global Machine Condition Monitoring Market
15.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 16. Company Profile
16.1. VeriFone, Inc.
16.1.1. Company Snapshot
16.1.2. Business Overview
16.1.3. Financial Overview
16.1.3.1. Revenue (USD Billion), 2022
16.1.3.2. VeriFone, Inc.2022 Machine Condition Monitoring Business Regional Distribution
16.1.4. Product /Service and Specification
16.1.5. Recent Developments & Business Strategy
16.2. ALS
16.3. Emerson Electric Co.
16.4. General Electric
16.5. Honeywell International Inc.
16.6. Megget PLC
16.7. National Instruments Corp.
16.8. Parker Hannifin
16.9. Rockwell Automation, Inc.
16.10. Schaeffler AG.
16.11. SKF AB
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