Global Machine Condition Monitoring Market to reach USD 4.17 Billion by 2026

Global Machine Condition Monitoring Market Size study, by Monitoring Technique (Vibration monitoring, thermography, oil analysis, corrosion monitoring, ultrasound emission and motor current analysis), by Offering (Hardware and software), by Deployment type (On-premises and cloud), by Monitoring process (Online conditioning monitoring and portable conditioning monitoring), by Industry (Oil & gas, power generation, metals & mining, chemicals, automotive and others) and Regional Forecasts 2019-2026
Product Code:  OIRIA_16979737
Chapter 1.	Executive Summary 
1.1.	Market Snapshot
1.2.	Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1.	Machine Condition Monitoring Market, by Region, 2017-2026 (USD Billion)
1.2.2.	Machine Condition Monitoring Market, by Monitoring Technique, 2017-2026 (USD Billion)
1.2.3.	Machine Condition Monitoring Market, by Offering, 2017-2026 (USD Billion)
1.2.4.	Machine Condition Monitoring Market, by Deployment Type, 2017-2026 (USD Billion)
1.2.5.	Machine Condition Monitoring Market, by Monitoring Process, 2017-2026 (USD Billion)
1.2.6.	Machine Condition Monitoring Market, by Industry, 2017-2026 (USD Billion)
1.3.	Key Trends
1.4.	Estimation Methodology
1.5.	Research Assumption
Chapter 2.	Global Machine Condition Monitoring Market Definition and Scope 
2.1.	Objective of the Study
2.2.	Market Definition & Scope
2.2.1.	Scope of the Study
2.2.2.	Industry Evolution
2.3.	Years Considered for the Study
2.4.	Currency Conversion Rates
Chapter 3.	Global Machine Condition Monitoring Market Dynamics	
3.1.	Machine Condition Monitoring Market Impact Analysis (2018-2026)
3.1.1.	Market Drivers
3.1.2.	Market Challenges
3.1.3.	Market Opportunities
Chapter 4.	Global Machine Condition Monitoring Market Industry Analysis
4.1.	Porter’s 5 Force Model
4.1.1.	Bargaining Power of Suppliers
4.1.2.	Bargaining Power of Buyers
4.1.3.	Threat of New Entrants
4.1.4.	Threat of Substitutes
4.1.5.	Competitive Rivalry
4.1.6.	Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2.	PEST Analysis
4.2.1.	Political 
4.2.2.	Economical
4.2.3.	Social 
4.2.4.	Technological 
4.3.	Investment Adoption Model
4.4.	Analyst Recommendation & Conclusion
Chapter 5.	Global Machine Condition Monitoring Market, by Monitoring Technique
5.1.	Market Snapshot 
5.2.	Global Machine Condition Monitoring Market by Monitoring Technique, Performance - Potential Analysis
5.3.	Global Machine Condition Monitoring Market Estimates & Forecasts by Monitoring Technique 2016-2026 (USD Billion)
5.4.	Machine Condition Monitoring Market, Sub Segment Analysis
5.4.1.	 Vibration Monitoring
5.4.2.	 Thermography
5.4.3.	 Oil analysis
5.4.4.	 Corrosion Monitoring 
5.4.5.	 Ultrasound Emission 
5.4.6.	 Motor current Analysis
Chapter 6.	Global Machine Condition Monitoring Market, by Offering
6.1.	Market Snapshot 
6.2.	Global Machine Condition Monitoring Market by Offering, Performance - Potential Analysis
6.3.	Global Machine Condition Monitoring Market Estimates & Forecasts by Offering 2016-2026 (USD Billion)
6.4.	Machine Condition Monitoring Market, Sub Segment Analysis
6.4.1.	 Hardware 
6.4.2.	 Software
Chapter 7.	Global Machine Condition Monitoring Market, by Deployment Type
7.1.	Market Snapshot 
7.2.	Global Machine Condition Monitoring Market by Deployment Type, Performance - Potential Analysis
7.3.	Global Machine Condition Monitoring Market Estimates & Forecasts by Deployment Type 2016-2026 (USD Billion)
7.4.	Machine Condition Monitoring Market, Sub Segment Analysis
7.4.1.	 On-premises
7.4.2.	 Cloud
Chapter 8.	 Global Machine Condition Monitoring Market, by Monitoring process
8.1.	Market Snapshot 
8.2.	Global Machine Condition Monitoring Market by Monitoring process, Performance - Potential Analysis
8.3.	Global Machine Condition Monitoring Market Estimates & Forecasts by Monitoring process 2016-2026 (USD Billion)
8.4.	Machine Condition Monitoring Market, Sub Segment Analysis
8.4.1.	 Online conditioning monitoring
8.4.2.	 Portable conditioning monitoring
Chapter 9.	Global Machine Condition Monitoring Market, by Industry
9.1.	Market Snapshot 
9.2.	Global Machine Condition Monitoring Market by Industry, Performance - Potential Analysis
9.3.	Global Machine Condition Monitoring Market Estimates & Forecasts by Industry 2016-2026 (USD Billion)
9.4.	Machine Condition Monitoring Market, Sub Segment Analysis
9.4.1.	 Oil & gas
9.4.2.	 Power generation
9.4.3.	 Metals & Mining
9.4.4.	 Chemicals 
9.4.5.	 Automotive 
9.4.6.	 Others
Chapter 10.	 Global Machine Condition Monitoring Market, Regional Analysis
10.1.	Machine Condition Monitoring Market, Regional Market Snapshot 
10.2.	North America Machine Condition Monitoring Market 
10.2.1.	U.S. Machine Condition Monitoring Market
10.2.1.1.	 Monitoring Technique breakdown estimates & forecasts, 2016-2026
10.2.1.2.	Offering breakdown estimates & forecasts, 2016-2026
10.2.1.3.	Deployment Type breakdown estimates & forecasts, 2016-2026
10.2.1.4.	Monitoring process breakdown estimates & forecasts, 2016-2026
10.2.1.5.	Industry breakdown estimates & forecasts, 2016-2026
10.2.2.	Canada Machine Condition Monitoring Market
10.3.	Europe Machine Condition Monitoring Market Snapshot
10.3.1.	U.K. Machine Condition Monitoring Market 
10.3.2.	Germany Machine Condition Monitoring Market
10.3.3.	Rest of Europe Machine Condition Monitoring Market
10.4.	Asia-Pacific Machine Condition Monitoring Market Snapshot
10.4.1.	China Machine Condition Monitoring Market 
10.4.2.	India Machine Condition Monitoring Market 
10.4.3.	Japan Machine Condition Monitoring Market
10.4.4.	Rest of Asia Pacific Machine Condition Monitoring Market
10.5.	Latin America Machine Condition Monitoring Market Snapshot
10.5.1.	Brazil Machine Condition Monitoring Market
10.5.2.	Mexico Machine Condition Monitoring Market
10.6.	Rest of The World Machine Condition Monitoring Market

Chapter 11.	Competitive Intelligence
11.1.	Top Market Strategies
11.2.	Company Profiles
11.2.1.	 Emerson Electric
11.2.1.1.	Key Information
11.2.1.2.	Overview
11.2.1.3.	Financial (Subject to Data Availability)
11.2.1.4.	Product Summary
11.2.1.5.	Recent Developments
11.2.2.	  General Electric
11.2.3.	 Honeywell International
11.2.4.	 National Instruments
11.2.5.	SKF
11.2.6.	  ALS
11.2.7.	 Wilcoxon Sensing Technologies
11.2.8.	  Parker Hannifin
11.2.9.	 Rockwell Automation
11.2.10.	Schaeffler
Chapter 12.	Research Derivatives
12.1.	Research Derivatives
12.1.1.	Data Mining
12.1.2.	Analysis
12.1.3.	Market Estimation
12.1.4.	Validation
12.1.5.	Publishing
12.2.	Research Attributes
12.3.	Research Assumption

Global Machine Condition Monitoring market is valued approximately at USD 2.43 Billion in 2018 and is anticipated to grow with a growth rate of more than 6.98% over the forecast period (2019-2026). The machine conditioning monitoring system have prominent application in industrial sector as it provides information about the mechanical wear and failure of a machine. It monitors the conditioning of a machine such as humidity, temperature, pressure and others. As the failure of equipment in an organization leads to huge loss that anticipated to the adoption of machine condition monitoring systems across various end use industries such as oil & gas, Food & beverage and automotive Inc. Emergence of secure cloud computing platform by applying condition monitoring, growing adoption of wireless communication technology in machine condition monitoring and increased demand from emerging applications are the factors driving the growth of market over the forecast years. Whereas, advent of machine learning and big data analytics coupled with application of IoT in industrial sectors is a lucrative opportunity for the growth of market. For instance: As per Statista, the revenue earned through big data analysis in 2018 was USD 42 billion and grown up to USD 189.1 billion till 2019. However, Scarcity of developed technical assets of data analysis is a factor hampering the growth of market over the forecast years.

The regional analysis of global Machine Condition Monitoring market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America accounts for the largest share in the global Machine Condition Monitoring market due to the presence of large multinational corporation in the market such as Emerson Electric and General Electric along with advent of technology adoption and advance infrastructure in the region. Whereas, Asia Pacific accounts for the largest share in the global machine conditioning monitoring market due to the immense penetration of Internet of Things (IoT) coupled with adoption of advanced technology for smart manufacturing and reduction of operation cost.

Market player included in this report are:
Emerson Electric
General Electric
Honeywell International
National Instruments
SKF
ALS
Wilcoxon Sensing Technologies
Parker Hannifin
Rockwell Automation
Schaeffler

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Monitoring Technique:
Vibration Monitoring
Thermography
Oil analysis
Corrosion Monitoring
Ultrasound Emission
Motor current Analysis

By Offering:
Hardware
Software

By Deployment type:
On-premises
Cloud

By Monitoring process:
Online conditioning monitoring
Portable conditioning Monitoring

By Industry:
Oil & gas
Power generation
Metals & Mining
Chemicals
Automotive
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Machine Condition Monitoring Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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