Global Machine Condition Monitoring Market 2016-2020

Published: June 2016
No. of Pages: 124
Single User License: US $ 2500
Corporate User License: US $ 4000

During the course of the 20th century, maintenance strategies have gone through many changes. Currently, predictive and proactive strategies present the maximum benefits at minimum expenditure. However, the preventive or scheduled maintenance approach is the most widely used strategy, particularly among the SMEs. This is mainly due to their reluctance to shift from a maintenance strategy that they have adapted over the years and the misconception that predictive and proactive strategies are expensive. With increased awareness, we expect the predictive and proactive approach to gain considerable momentum in the coming years.

The analysts forecast global machine condition monitoring market to grow at a CAGR of 4.02% during the period 2016-2020.

Covered in this report

This report covers the present scenario and the growth prospects of the global machine condition monitoring market for 2016-2020. The report considers the revenue generated from the sales of the following:

  • Hardware
  • Software, software licenses, and renewal of software licenses
  • Upgrades of existing solutions
  • Maintenance and services

Note: The report only considers revenues generated from machine condition monitoring systems used in/for plant equipment and machinery.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

The report, Global Machine Condition Monitoring Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Emerson Electric
  • General Electric
  • Honeywell
  • National Instruments
  • Rockwell Automation

Other prominent vendors

  • Azima DLI
  • Bruel & Kjaer Sound and Vibration Measurement
  • DLI Engineering
  • FLIR Systems
  • Fluke
  • Motion Industries
  • NSK
  • Parker-Hannifin
  • PCB Piezotronics
  • PDS Condition Monitoring Services
  • Rohrback Cosasco
  • Saj Engineering & Trading Company
  • Scientific Monitoring
  • Shinkawa
  • SKF
  • SPM Instrument
  • Timken
  • W.W. Grainger

Market driver

  • Shift from preventive maintenance to predictive maintenance
  • For a full, detailed list, view our report

Market challenge

  • Lack of customization and increased costs
  • For a full, detailed list, view our report

Market trend

  • Integration of IoT in machine condition monitoring
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Published By: Technavio
Product Code: Infiniti Research Limited12180

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:


  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: