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1408625

機械状態監視の世界市場：監視技術別、オファリング別、展開モード別、タイプ別、業界別、地域別-2029年までの予測

Machine Condition Monitoring Market by Technique, Offering, Region - Global Forecast to 2029
出版日: | 発行: MarketsandMarkets | ページ情報: 英文 270 Pages | 納期: 即納可能 即納可能とは

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機械状態監視の世界市場：監視技術別、オファリング別、展開モード別、タイプ別、業界別、地域別-2029年までの予測
出版日: 2024年01月05日
発行: MarketsandMarkets
ページ情報: 英文 270 Pages
納期: 即納可能 即納可能とは
  • 全表示
  • 概要
  • 目次
概要
調査範囲
調査対象年 2020年～2029年
基準年 2023年
予測期間 2024年～2029年
検討単位 金額（10億米ドル）
セグメント別 監視技術別、オファリング別、展開モード別、タイプ別、業界別、地域別
対象地域 アジア太平洋地域、北米、欧州、その他

世界の機械状態監視の市場規模は、2024年の31億米ドルから2029年には47億米ドルに成長し、2024年から2029年までのCAGRは8.3%になると予測されています。

状態監視は機械のリアルタイムの状態を監視することに重点を置いていますが、予知保全は故障が発生する前に故障を検出し修理することに重点を置いています。予知保全は、この手法の利点により、世界の製造企業で普及しつつあります。例えば、差し迫った故障を避けるため、工場機械が修理サービスを必要とする場合にのみメンテナンスが実施されます。したがって、必要で費用対効果の高いダウンタイムを都合に合わせてスケジュールすることができます。

モーター電流分析モニタリング技術は、電流成分を含む電気信号を感知します。これらの成分は、エアギャップの偏心、ローターバーの破損、低電圧ステーター巻線の短絡などの故障によって生じる独特の回転磁束成分の製品別です。モータ電流解析により、このような故障を早期に検出することができ、機械の完全な故障を回避することができます。モータ電流解析では、電流信号を処理して周波数スペクトルを求めます。このデータを分析し、機械の故障を診断するために、FFT、短時間フーリエ変換（STFT）、ガボール変換、波長変換など、さまざまな高度な技術が使用されます。

オンライン機械状態監視システムは、タービン、送風機、重要なポンプ、コンプレッサーなど、さまざまな産業プラントの安全性、環境、生産に直接影響を与える重要な機器の健全性を監視するために導入されます。オンライン状態監視システムは、産業プラントのモニター、分析器、中央サーバーのような重要な機械に恒久的に取り付けられた一連のセンサーを含み、それらの性能を常時追跡します。これらのシステムは、無線または有線ネットワークを通じて、プラントのオペレーターにデータを送信します。

現代の発電所は比較的複雑で、洗練された機械や制御システムを備えており、これらのプラントの複雑さのために、プラント内のすべての機器の健全性を監視し、それらが故障につながる前に潜在的な問題を特定することがより困難になっています。機械状態監視システムは、重要な機器の状態に関するリアルタイムのデータを提供し、また予期しないダウンタイムを防止し、プラント全体の信頼性を向上させるためのサポートを提供するのに役立ちます。さらに、発電事業者は、プラントの信頼性と効率性の高い運転に対するプレッシャーが高まっています。機械状態監視システムは、潜在的な問題を早期に警告し、タイムリーなメンテナンスと修理を可能にすることで、これらの目標を達成するのに役立ちます。これにより、強制停止を防ぎ、メンテナンスコストを削減することができます。

当レポートでは、世界の機械状態監視市場について調査し、監視技術別、オファリング別、展開モード別、タイプ別、業界別、地域別動向、および市場に参入する企業のプロファイルなどをまとめています。

目次

第1章 イントロダクション

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 重要考察

第5章 市場概要

  • イントロダクション
  • 市場力学
  • バリューチェーン分析
  • エコシステム分析
  • 価格分析
  • 顧客のビジネスに影響を与える動向/混乱
  • 技術分析
  • ポーターのファイブフォース分析
  • 主要な利害関係者と購入基準
  • ケーススタディ分析
  • 貿易分析
  • 特許分析
  • 2024～2025年の主要な会議とイベント
  • 関税、規制状況、基準

第6章 機械状態監視システムの応用

  • イントロダクション
  • パンプス
  • チラー
  • モーター
  • ベアリング
  • その他

第7章 機械状態監視装置市場で使用される調達モデル

  • イントロダクション
  • オリジナル機器メーカー（OEM）
  • 利用者

第8章 機械状態監視市場、監視技術別

  • イントロダクション
  • 振動監視
  • サーモグラフィ
  • オイル分析
  • 腐食監視
  • 超音波の放射
  • モーター電流解析

第9章 機械状態監視市場、オファリング別

  • イントロダクション
  • ハードウェア
  • ソフトウェア
  • サービス

第10章 機械状態監視市場、展開モード別

  • イントロダクション
  • オンプレミス
  • クラウド

第11章 機械状態監視市場、タイプ別

  • イントロダクション
  • オンライン

第12章 機械状態監視市場、業界別

  • イントロダクション
  • 石油ガス
  • 発電
  • 金属と鉱業
  • 化学薬品
  • 自動車
  • 航空宇宙
  • 食品・飲料
  • 船舶
  • その他

第13章 機械状態監視市場、地域別

  • イントロダクション
  • 北米
  • 欧州
  • アジア太平洋
  • その他の地域

第14章 競合情勢

  • イントロダクション
  • 主要参入企業が採用した戦略
  • 機械状態監視市場の主要企業の収益分析
  • 市場シェア分析、2023年
  • 主要企業の評価マトリックス、2023年
  • スタートアップ/中小企業の評価マトリックス、2023年
  • 競合シナリオと動向

第15章 企業プロファイル

  • 主要参入企業
    • BAKER HUGHES COMPANY
    • EMERSON ELECTRIC CO.
    • AMPHENOL CORPORATION
    • HONEYWELL INTERNATIONAL INC.
    • SKF
    • ANALOG DEVICES, INC.
    • GENERAL ELECTRIC
    • PARKER HANNIFIN CORP
    • ROCKWELL AUTOMATION
    • SCHAEFFLER AG
    • SIEMENS
    • TELEDYNE TECHNOLOGIES INCORPORATED
  • その他の企業
    • 3D SIGNALS
    • BANNER ENGINEERING CORP.
    • CRYSTAL INSTRUMENTS
    • ECOLIBRIUM
    • FLUKE CORPORATION
    • IFM ELECTRONIC GMBH
    • LOGILUBE, LLC
    • MACHINE SAVER
    • PETASENSE INC.
    • SAMOTICS
    • SPM INSTRUMENT AB
    • SYMPHONYAI
    • UPTIMEWORKS

第16章 隣接市場および関連市場

第17章 付録

目次
Product Code: SE 2739

Report Description

Scope of the Report
Years Considered for the Study2020-2029
Base Year2023
Forecast Period2024-2029
Units ConsideredValue (USD Billion)
SegmentsBy Technique, Offering and Region
Regions coveredAsia Pacific, North America, Europe, and Rest of the World

The global machine condition monitoring market size is expected to grow from USD 3.1 billion in 2024 to USD 4.7 billion by 2029, at a CAGR of 8.3% from 2024 to 2029. Condition monitoring focuses on monitoring the real-time conditions of machines, while predictive maintenance focuses on detecting and repairing faults before a failure occurs. Predictive maintenance is becoming popular in manufacturing firms globally owing to the benefits of this technique. For example, maintenance is carried out only when plant machinery requires repair services to avoid impending failures. Thus, the necessary, cost-effective downtime can be scheduled according to convenience.

"Motor current analysis segment is projected to grow at significant CAGR during the forecast period."

The motor current analysis monitoring technique senses electrical signals that contain current components. These components are byproducts of unique rotating flux components caused by faults such as air gap eccentricity, broken rotor bars, and shorted turns in low-voltage stator windings. Motor current analysis enables the detection of such faults at an early stage, thereby avoiding the complete failure of machines. In the motor current analysis, current signals are processed to obtain the frequency spectrum, usually referred to as the current signature. To analyze this data and diagnose faults in machines, various advanced techniques are used, namely FFT, Short-time Fourier Transform (STFT), Gabor transform, and wavelength transform.

" Online machine condition monitoring segment is projected to grow at an impressive CAGR during the forecast period."

Online machine condition monitoring systems are deployed to monitor the health of critical equipment such as turbines, blowers, critical pumps, and compressors that directly impact the safety, environment, and production in different industrial plants. Online condition monitoring systems include a series of sensors permanently mounted on critical machines such as monitors, analyzers, and central servers of industrial plants to track their performance constantly. They transmit data to plant operators through either a wireless or a cabled network.

"Power generation industry is expected to hold largest market share during the forecast period."

The modern power plants are comparatively complex, with sophisticated machinery and control systems and owing to the complexity of these plants it become more challenging to monitor the health of every equipment in the plants and identify potential problems before they lead to failures. machine condition monitoring systems helps to provide real-time data on the condition of critical equipment, and also provide the support to prevent unexpected downtime and improve overall plant reliability. Moreover, power generation companies are under increasing pressure to operate their plants reliably and efficiently. Machine condition monitoring systems can help to achieve these goals by providing early warning of potential problems, allowing for timely maintenance and repairs. This can help to prevent forced outages and reduce maintenance costs.

"The market in Europe is expected to grow at a impressive CAGR during the forecast period."

Germany is one of the key economies in Europe. The country is specifically known for its strong automotive manufacturing sector. The Government of Germany has undertaken many initiatives to computerize its process industries to enhance resource efficiency and industrial output. The technological base for this project is cyber-physical systems, cloud computing, and the IoT. Its goal is to increase digitalization through smart factories and IoT. This will ultimately offer advanced solutions to carry out predictive maintenance and condition monitoring and prevent machine failures to increase operational efficiency. The increasing use of smart sensing technologies and Industry 4.0 has significantly improved the monitoring techniques in Germany. Industry 4.0 helps digitalize industrial processes and improve plant performance and efficiency.

Breakdown of the profiles of primary participants:

  • By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
  • By Designation: C-level Executives - 45%, Directors - 30%, and Others - 25%
  • By Region: North America - 35%, Europe - 30%, Asia Pacific - 25%, and RoW - 10%

Major players profiled in this report are as follows: Emerson Electric Co. (US), Honeywell International Inc. (US), SKF (Sweden), Amphenol Corporation (US), PARKER HANNIFIN CORP (US), General Electric (US), Rockwell Automation (US), Schaeffler AG (Germany), Siemens (Germany), Teledyne Technologies Incorporated (US), Analog Devices, Inc. (US) and others.

Research Coverage

The machine condition monitoring market has been classified by applications, equipment procurement, deployment type, offering, monitoring process, monitoring technique, industry and region. The market by applications has been classified into pumps, chillers, motors, bearings, and other. The offering segment is divided into hardware, software, and services. The market has been divided into original equipment manufacturers and end-users by equipment procurement segment. The market by monitoring technique has been classified into vibration analysis, thermography, oil analysis, corrosion monitoring, ultrasound emission, and motor current analysis. The market by monitoring process has been classified into portable condition monitoring and online condition monitoring. Based on deployment type the market has been segmented into on-premises and cloud. Furthermore, the industry segment includes oil & gas, power generation, metals & mining, chemicals, automotive, aerospace, food & beverages, marine, and other Industries. The study also forecasts the market size in four key regions-North America, Europe, Asia Pacific, and RoW.

Key Benefits of Buying the Report:

The report provides insights on the following pointers:

  • Analysis of key drivers (Advent of secured cloud computing platform to fuel market growth, Rising inclination towards wireless communication technology, Growing adoption of predictive maintenance techniques to reduce sudden breakdowns of equipment, Rising number of smart factories worldwide), restraints (Reliability issues in prediction capabilities of machine condition monitoring systems, Lack of availability of technical expertise to carry out data analysis), opportunities (Integration of big data analytics and machine learning in machine condition monitoring, Emergence of IIoT to drive new growth opportunities), and challenges ( Unavailability of technical expertise at remote locations, High cost associated with integration of machine condition monitoring systems with other maintenance systems) influencing the growth of the machine condition monitoring market

Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the machine condition monitoring market

Market Development: Comprehensive information about lucrative markets - the report analyses the machine condition monitoring market across regions such as North America, Europe, Asia Pacific, and RoW.

Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the machine condition monitoring market

Competitive Assessment: In-depth assessment of market position, growth strategies, and product offerings of leading players like Emerson Electric Co. (US), Honeywell International Inc. (US), SKF (Sweden), Amphenol Corporation (US) and among others in the machine condition monitoring market

Strategies: The report also helps stakeholders understand the pulse of the machine condition monitoring market and provides information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 INCLUSIONS AND EXCLUSIONS
  • 1.4 MARKETS COVERED
    • FIGURE 1 MACHINE CONDITION MONITORING MARKET SEGMENTATION
    • 1.4.1 REGIONAL SCOPE
    • FIGURE 2 MACHINE CONDITION MONITORING MARKET: REGIONAL SCOPE
    • 1.4.2 YEARS CONSIDERED
  • 1.5 CURRENCY CONSIDERED
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES
  • 1.8 RECESSION IMPACT

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 3 MACHINE CONDITION MONITORING MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY AND PRIMARY RESEARCH
    • FIGURE 4 MACHINE CONDITION MONITORING MARKET: RESEARCH APPROACH
    • 2.1.2 SECONDARY DATA
      • 2.1.2.1 List of major secondary sources
      • 2.1.2.2 Key data from secondary sources
    • 2.1.3 PRIMARY DATA
      • 2.1.3.1 List of participants in primary interviews
      • 2.1.3.2 Key data from primary sources
      • 2.1.3.3 Key industry insights
      • 2.1.3.4 Breakdown of primaries
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 TOP-DOWN APPROACH
      • 2.2.1.1 Estimation of market size using top-down approach
    • FIGURE 5 MACHINE CONDITION MONITORING MARKET: TOP-DOWN APPROACH
    • 2.2.2 BOTTOM-UP APPROACH
      • 2.2.2.1 Estimation of market size using bottom-up approach
    • FIGURE 6 MACHINE CONDITION MONITORING MARKET: BOTTOM-UP APPROACH
    • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
  • 2.3 DATA TRIANGULATION
    • FIGURE 8 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
    • FIGURE 9 RESEARCH ASSUMPTIONS
  • 2.5 RESEARCH LIMITATIONS
  • 2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON MACHINE CONDITION MONITORING MARKET
  • 2.7 RISK ASSESSMENT
    • TABLE 1 RISK ANALYSIS

3 EXECUTIVE SUMMARY

    • FIGURE 10 MACHINE CONDITION MONITORING MARKET, 2020-2029 (USD BILLION)
    • FIGURE 11 ONLINE MACHINE CONDITION MONITORING SYSTEMS TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
    • FIGURE 12 VIBRATION MONITORING TECHNIQUE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
    • FIGURE 13 POWER GENERATION INDUSTRY TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
    • FIGURE 14 NORTH AMERICA DOMINATED GLOBAL MACHINE CONDITION MONITORING MARKET IN 2023

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MACHINE CONDITION MONITORING MARKET
    • FIGURE 15 GROWING DEMAND FROM AUTOMOTIVE AND AEROSPACE INDUSTRIES TO DRIVE MARKET
  • 4.2 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE
    • FIGURE 16 VIBRATION MONITORING TECHNIQUE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
  • 4.3 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY
    • FIGURE 17 POWER GENERATION INDUSTRY TO CAPTURE LARGEST MARKET SHARE IN 2029
  • 4.4 MACHINE CONDITION MONITORING MARKET IN NORTH AMERICA, BY INDUSTRY AND COUNTRY
    • FIGURE 18 POWER GENERATION INDUSTRY AND US TO HOLD LARGEST SHARE OF NORTH AMERICAN MACHINE CONDITION MONITORING MARKET IN 2029
  • 4.5 MACHINE CONDITION MONITORING MARKET, BY COUNTRY
    • FIGURE 19 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL MACHINE CONDITION MONITORING MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 20 GLOBAL MACHINE CONDITION MONITORING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Increasing utilization of wireless sensor networks in industrial plants
      • 5.2.1.2 Elevating demand for predictive maintenance techniques to reduce unexpected breakdowns
      • 5.2.1.3 Rising number of smart factories worldwide
      • 5.2.1.4 Increasing awareness about benefits of machine condition monitoring technology adoption
    • FIGURE 21 MACHINE CONDITION MONITORING MARKET: IMPACT ANALYSIS OF DRIVERS
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High cost of integrating machine condition monitoring systems with machine maintenance systems
    • FIGURE 22 MACHINE CONDITION MONITORING MARKET: IMPACT ANALYSIS OF RESTRAINTS
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Integration of big data analytics and machine learning into machine condition monitoring
      • 5.2.3.2 Advent of secured cloud computing platform
      • 5.2.3.3 Integration of IIoT systems with existing manufacturing systems
    • FIGURE 23 MACHINE CONDITION MONITORING MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Unavailability of technical expertise at remote locations
      • 5.2.4.2 Additional costs associated with retrofitting existing systems
    • FIGURE 24 MACHINE CONDITION MONITORING MARKET: IMPACT ANALYSIS OF CHALLENGES
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 25 MACHINE CONDITION MONITORING VALUE CHAIN
  • 5.4 ECOSYSTEM ANALYSIS
    • FIGURE 26 ECOSYSTEM MAPPING
    • TABLE 2 KEY COMPANIES AND THEIR ROLE IN ECOSYSTEM
  • 5.5 PRICING ANALYSIS
    • 5.5.1 AVERAGE SELLING PRICE TREND OF MACHINE CONDITION MONITORING SYSTEM
    • FIGURE 27 AVERAGE SELLING PRICE OF MACHINE CONDITION MONITORING SYSTEM, 2019-2023
    • 5.5.2 AVERAGE SELLING PRICE OF VIBRATION SENSORS PROVIDED BY KEY PLAYERS
    • FIGURE 28 AVERAGE SELLING PRICE TREND OF VIBRATION SENSORS, BY KEY PLAYER
    • TABLE 3 AVERAGE SELLING PRICE OF VIBRATION SENSORS OFFERED BY KEY PLAYERS
    • TABLE 4 AVERAGE SELLING PRICES OF MACHINE CONDITION MONITORING HARDWARE EQUIPMENT
    • 5.5.3 AVERAGE SELLING PRICE TREND, BY REGION
    • TABLE 5 AVERAGE SELLING PRICE OF MACHINE CONDITION MONITORING SYSTEM, BY REGION
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • FIGURE 29 TRENDS INFLUENCING CUSTOMER BUSINESS
  • 5.7 TECHNOLOGY ANALYSIS
    • 5.7.1 INTERNET OF THINGS (IOT)
    • FIGURE 30 UTILIZATION OF IOT PLATFORMS BY CONDITION MONITORING SYSTEM USERS
    • 5.7.2 CLOUD COMPUTING TECHNOLOGY
    • FIGURE 31 ADVANTAGES OF CLOUD-BASED MACHINE CONDITION MONITORING
    • FIGURE 32 INDUSTRIAL DEVELOPMENT MODEL
    • 5.7.3 MULTI-PARAMETER CONDITION MONITORING
    • 5.7.4 CLOUD-BASED PREDICTIVE MAINTENANCE (MAINTENANCE-AS-A-SERVICE)
    • FIGURE 33 DATA EXCHANGE IN CLOUD-BASED MAINTENANCE FRAMEWORK
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    • TABLE 6 MACHINE CONDITION MONITORING MARKET: PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 34 MACHINE CONDITION MONITORING MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.8.1 BARGAINING POWER OF SUPPLIERS
    • 5.8.2 BARGAINING POWER OF BUYERS
    • 5.8.3 THREAT OF NEW ENTRANTS
    • 5.8.4 THREAT OF SUBSTITUTES
    • 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES
    • TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY INDUSTRY
    • 5.9.2 BUYING CRITERIA
    • FIGURE 36 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
    • TABLE 8 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
  • 5.10 CASE STUDY ANALYSIS
    • TABLE 9 STEEL ROLLING MILL DEPLOYED ONLINE CONDITION MONITORING SYSTEM TO PREVENT CATASTROPHIC BEARING FAILURE
    • TABLE 10 EMERSON ELECTRIC INSTALLED VIBRATION TRANSMITTER IN BARKING POWER STATION TO REDUCE PLANT DOWNTIME
    • TABLE 11 SIG EMPLOYED APM STRATEGY SOLUTION TO REDUCE UNPLANNED DOWNTIME
  • 5.11 TRADE ANALYSIS
    • 5.11.1 IMPORT SCENARIO
    • FIGURE 37 IMPORT VALUE OF PARTS FOR MACHINE CHECKING AND MEASUREMENT, BY COUNTRY, 2018-2022 (USD MILLION)
    • 5.11.2 EXPORT SCENARIO
    • FIGURE 38 EXPORTS VALUE OF PARTS FOR MACHINE CHECKING AND MEASUREMENT, BY COUNTRY, 2018-2022 (USD MILLION)
  • 5.12 PATENT ANALYSIS
    • FIGURE 39 TOP 10 PATENT APPLICANTS IN LAST 10 YEARS
    • TABLE 12 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS (2014-2023)
    • FIGURE 40 NUMBER OF PATENTS GRANTED PER YEAR, 2014-2023
    • TABLE 13 INNOVATIONS AND PATENT REGISTRATIONS PERTAINING TO MACHINE CONDITION MONITORING, 2022-2023
  • 5.13 KEY CONFERENCES AND EVENTS, 2024-2025
    • TABLE 14 LIST OF CONFERENCES AND EVENTS
  • 5.14 TARIFFS, REGULATORY LANDSCAPE, AND STANDARDS
    • 5.14.1 TARIFFS FOR HS CODE 903190-COMPLIANT PARTS FOR MACHINE CHECKING AND MEASURING
    • TABLE 15 AVERAGE TARIFF (ESTIMATED) APPLIED BY COUNTRY (%)
    • 5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 19 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.14.3 STANDARDS
    • TABLE 20 MACHINE CONDITION MONITORING-RELATED STANDARDS

6 APPLICATIONS OF MACHINE CONDITION MONITORING SYSTEMS

  • 6.1 INTRODUCTION
    • FIGURE 41 PUMPS ACCOUNTED FOR LARGEST SHARE OF MACHINE CONDITION MONITORING MARKET, BY APPLICATION, IN 2023
  • 6.2 PUMPS
  • 6.3 CHILLERS
  • 6.4 MOTORS
  • 6.5 BEARINGS
  • 6.6 OTHER APPLICATIONS

7 PROCUREMENT MODELS USED IN MACHINE CONDITION MONITORING EQUIPMENT MARKET

  • 7.1 INTRODUCTION
    • FIGURE 42 ORIGINAL EQUIPMENT MANUFACTURERS CAPTURED MAJORITY OF MARKET SHARE IN 2023
  • 7.2 ORIGINAL EQUIPMENT MANUFACTURERS (OEMS)
  • 7.3 END USERS

8 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE

  • 8.1 INTRODUCTION
    • FIGURE 43 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE
    • FIGURE 44 VIBRATION MONITORING TECHNIQUE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
    • TABLE 21 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 22 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
  • 8.2 VIBRATION MONITORING
    • 8.2.1 INCLINATION TOWARD PREDICTIVE MAINTENANCE TO BOOST DEMAND FOR VIBRATION MONITORING TECHNIQUE
    • TABLE 23 VIBRATION MONITORING: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2020-2023 (USD MILLION)
    • TABLE 24 VIBRATION MONITORING: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2024-2029 (USD MILLION)
    • TABLE 25 VIBRATION MONITORING: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 26 VIBRATION MONITORING: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 27 VIBRATION MONITORING: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 28 VIBRATION MONITORING: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
  • 8.3 THERMOGRAPHY
    • 8.3.1 RISING FOCUS ON COST SAVINGS AND ENERGY EFFICIENCY OPTIMIZATION TO ACCELERATE ADOPTION OF THERMOGRAPHY
    • TABLE 29 THERMOGRAPHY: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2020-2023 (USD MILLION)
    • TABLE 30 THERMOGRAPHY: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2024-2029 (USD MILLION)
    • TABLE 31 THERMOGRAPHY: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 32 THERMOGRAPHY: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 33 THERMOGRAPHY: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 34 THERMOGRAPHY: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
  • 8.4 OIL ANALYSIS
    • 8.4.1 PRESENCE OF WEAR PARTICLES AND OTHER CONTAMINANTS IN OIL TO INCREASE DEMAND FOR OIL ANALYSIS TECHNIQUE
    • FIGURE 45 ADVANTAGES OF OIL ANALYSIS TECHNIQUE
    • TABLE 35 OIL ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2020-2023 (USD MILLION)
    • TABLE 36 OIL ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2024-2029 (USD MILLION)
    • TABLE 37 OIL ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 38 OIL ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 39 OIL ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 40 OIL ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
  • 8.5 CORROSION MONITORING
    • 8.5.1 EMPHASIS ON MAXIMIZING PLANT EFFICIENCY AND SAFETY TO PROMOTE USE OF CORROSION MONITORING TECHNIQUE
    • TABLE 41 CORROSION MONITORING: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2020-2023 (USD MILLION)
    • TABLE 42 CORROSION MONITORING: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2024-2029 (USD MILLION)
    • TABLE 43 CORROSION MONITORING: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 44 CORROSION MONITORING: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 45 CORROSION MONITORING: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 46 CORROSION MONITORING: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
  • 8.6 ULTRASOUND EMISSION
    • 8.6.1 NEED TO DETECT DEFECTS IN ELECTRIC EQUIPMENT TO STIMULATE DEMAND FOR ULTRASOUND EMISSION TECHNIQUE
    • TABLE 47 ULTRASOUND EMISSION: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2020-2023 (USD MILLION)
    • TABLE 48 ULTRASOUND EMISSION: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2024-2029 (USD MILLION)
    • TABLE 49 ULTRASOUND EMISSION: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 50 ULTRASOUND EMISSION: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 51 ULTRASOUND EMISSION: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 52 ULTRASOUND EMISSION: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
  • 8.7 MOTOR CURRENT ANALYSIS
    • 8.7.1 RISING UTILIZATION OF MOTOR CURRENT ANALYSIS FOR EARLY DETECTION OF FAULTS IN MACHINERY TO DRIVE MARKET
    • TABLE 53 MOTOR CURRENT ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2020-2023 (USD MILLION)
    • TABLE 54 MOTOR CURRENT ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2024-2029 (USD MILLION)
    • TABLE 55 MOTOR CURRENT ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 56 MOTOR CURRENT ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 57 MOTOR CURRENT ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 58 MOTOR CURRENT ANALYSIS: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)

9 MACHINE CONDITION MONITORING MARKET, BY OFFERING

  • 9.1 INTRODUCTION
    • FIGURE 46 MACHINE CONDITION MONITORING MARKET, BY OFFERING
    • FIGURE 47 HARDWARE SEGMENT TO HOLD LARGER MARKET SIZE IN 2029
    • TABLE 59 MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2020-2023 (USD MILLION)
    • TABLE 60 MACHINE CONDITION MONITORING MARKET, BY OFFERING, 2024-2029 (USD MILLION)
    • TABLE 61 MACHINE CONDITION MONITORING MARKET, 2020-2023 (THOUSAND UNITS)
    • TABLE 62 MACHINE CONDITION MONITORING MARKET, 2024-2029 (THOUSAND UNITS)
  • 9.2 HARDWARE
    • TABLE 63 MACHINE CONDITION MONITORING MARKET, BY HARDWARE TYPE, 2020-2023 (USD MILLION)
    • TABLE 64 MACHINE CONDITION MONITORING MARKET, BY HARDWARE TYPE, 2024-2029 (USD MILLION)
    • TABLE 65 HARDWARE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 66 HARDWARE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • 9.2.1 VIBRATION SENSORS
      • 9.2.1.1 Rising use by automotive and oil & gas companies in process control and quality assurance applications to drive market
      • 9.2.1.2 Accelerometers
      • 9.2.1.3 Proximity probes
      • 9.2.1.4 Tachometers
    • 9.2.2 INFRARED SENSORS
      • 9.2.2.1 Increasing deployment in thermography applications to spot unusual heat patterns to fuel segmental growth
      • 9.2.2.2 Thermal infrared sensors
      • 9.2.2.3 Quantum infrared sensors
    • 9.2.3 SPECTROMETERS
      • 9.2.3.1 Surging adoption to detect contamination, degradation, and cross-contamination in synthetic and petroleum-based lubricants and fluids to stimulate market growth
      • 9.2.3.2 Infrared spectrometers
      • 9.2.3.3 Ultraviolet spectrometers
      • 9.2.3.4 Atomic spectrometers
      • 9.2.3.5 Mass spectrometers
    • 9.2.4 ULTRASOUND DETECTORS
      • 9.2.4.1 Surging adoption of predictive maintenance and quality control measures by industrial players to boost demand
      • 9.2.4.2 Sound pressure meters
      • 9.2.4.3 Stethoscopes
      • 9.2.4.4 Ultrasound leak detectors
    • 9.2.5 SPECTRUM ANALYZERS
      • 9.2.5.1 Significant focus on safe and efficient operation of industrial plants to drive market
      • 9.2.5.2 Swept spectrum analyzers
      • 9.2.5.3 Real-time spectrum analyzers
    • 9.2.6 CORROSION PROBES
      • 9.2.6.1 Pressing need to mitigate corrosion risks in petroleum and chemical processing plants to accelerate demand
    • 9.2.7 OTHER HARDWARE PRODUCTS
  • 9.3 SOFTWARE
    • 9.3.1 INTEGRATION OF SOFTWARE INTO MACHINE CONDITION MONITORING SYSTEM TO SIMPLIFY DEFECT ANALYSIS PROCESS TO DRIVE MARKET
    • TABLE 67 LIST OF MACHINE CONDITION MONITORING SOFTWARE PROVIDERS AND THEIR HEADQUARTERS
    • TABLE 68 SOFTWARE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 69 SOFTWARE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • 9.3.2 DATA INTEGRATION
    • 9.3.3 DIAGNOSTIC REPORTING
    • 9.3.4 ORDER TRACKING ANALYSIS
    • 9.3.5 PARAMETER CALCULATION
  • 9.4 SERVICES
    • 9.4.1 STRONG FOCUS OF MANUFACTURERS ON LONG-TERM RELIABILITY, PERFORMANCE OPTIMIZATION, AND CUSTOMER SATISFACTION TO BOOST DEMAND
    • 9.4.2 INSTALLATION
    • 9.4.3 TRAINING
    • 9.4.4 MAINTENANCE

10 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT MODE

  • 10.1 INTRODUCTION
    • FIGURE 48 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT MODE
    • FIGURE 49 ON-PREMISES SEGMENT TO HOLD LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD
    • TABLE 70 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT MODE, 2020-2023 (USD MILLION)
    • TABLE 71 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT MODE, 2024-2029 (USD MILLION)
  • 10.2 ON-PREMISES
    • 10.2.1 SIGNIFICANT FOCUS ON ENSURING COMPLETE DATA CONTROL AND SECURITY TO ACCELERATE SEGMENTAL GROWTH
    • FIGURE 50 LIMITATIONS OF ON-PREMISES DEPLOYMENT
  • 10.3 CLOUD
    • 10.3.1 SUPERIOR FLEXIBILITY, CONVENIENCE, AND SCALABILITY TO INCREASE ADOPTION OF CLOUD MODEL
    • FIGURE 51 ADVANTAGES OF CLOUD DEPLOYMENT

11 MACHINE CONDITION MONITORING MARKET, BY TYPE

  • 11.1 INTRODUCTION
    • FIGURE 52 MACHINE CONDITION MONITORING MARKET, BY TYPE
    • FIGURE 53 ONLINE SEGMENT TO LEAD MACHINE CONDITION MONITORING MARKET FROM 2024 TO 2029
    • TABLE 72 MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 73 MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • 11.2 ONLINE
    • 11.2.1 NEED FOR REAL-TIME DATA REGARDING VARIATIONS IN MACHINE PERFORMANCE FOR PROMPT DECISION-MAKING TO DRIVE MARKET
    • TABLE 74 ONLINE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 75 ONLINE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 76 ONLINE: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 77 ONLINE: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
  • 11.3 PORTABLE 146 11.3.1 COST-EFFECTIVENESS AND MAXIMIZED PRODUCTION OUTPUT TO BOOST DEMAND
    • TABLE 78 PORTABLE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 79 PORTABLE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 80 PORTABLE: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 81 PORTABLE: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)

12 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY

  • 12.1 INTRODUCTION
    • FIGURE 54 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY
    • FIGURE 55 AUTOMOTIVE INDUSTRY TO RECORD HIGHEST CAGR IN MACHINE CONDITION MONITORING MARKET FROM 2024 TO 2029
    • TABLE 82 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 83 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
  • 12.2 OIL & GAS
    • 12.2.1 RISING ADOPTION OF SMART FACTORY SOLUTIONS TO BOOST CONDITION MONITORING SYSTEM DEMAND
    • TABLE 84 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 85 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 86 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 87 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 88 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 89 OIL & GAS: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 12.3 POWER GENERATION
    • 12.3.1 INCREASING FOCUS ON IMPROVING POWER PLANT EFFICIENCY AND RELIABILITY TO PROMOTE ADOPTION OF MACHINE MONITORING SYSTEMS
    • TABLE 90 POWER GENERATION: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 91 POWER GENERATION: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 92 POWER GENERATION: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 93 POWER GENERATION: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 94 POWER GENERATION: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 95 POWER GENERATION: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 12.4 METALS & MINING
    • 12.4.1 GREATER EMPHASIS ON PREVENTING CATASTROPHIC SYSTEM FAILURES AND UNSCHEDULED DOWNTIME TO BOOST DEPLOYMENT OF VIBRATION SENSORS
    • TABLE 96 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 97 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 98 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 99 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 100 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 101 METALS & MINING: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 12.5 CHEMICALS
    • 12.5.1 HIGH ADOPTION OF AUTOMATION SOLUTIONS BY CHEMICAL MANUFACTURERS TO CREATE NEED FOR MACHINE MONITORING SYSTEMS
    • TABLE 102 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 103 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 104 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 105 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 106 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 107 CHEMICALS: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 12.6 AUTOMOTIVE
    • 12.6.1 GROWING DEPLOYMENT OF IIOT TO AUTOMATE AND DIGITALIZE MANUFACTURING PROCESSES TO CREATE OPPORTUNITIES FOR MARKET PLAYERS
    • TABLE 108 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 109 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 110 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 111 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 112 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 113 AUTOMOTIVE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 12.7 AEROSPACE
    • 12.7.1 RISING ADOPTION OF AI AND IOT TECHNOLOGIES BY AEROSPACE COMPANIES TO ELEVATE DEMAND FOR MACHINE MONITORING SOLUTIONS
    • TABLE 114 AEROSPACE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 115 AEROSPACE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 116 AEROSPACE: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 117 AEROSPACE: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 118 AEROSPACE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 119 AEROSPACE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 12.8 FOOD & BEVERAGES
    • 12.8.1 SURGING DEMAND FOR FOOD PRODUCTS WITH LONGER SHELF LIFE TO FACILITATE ADOPTION OF MACHINE MONITORING SOLUTIONS
    • TABLE 120 FOOD & BEVERAGES: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 121 FOOD & BEVERAGES: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 122 FOOD & BEVERAGES: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 123 FOOD & BEVERAGES: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 124 FOOD & BEVERAGES: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 125 FOOD & BEVERAGES: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 12.9 MARINE
    • 12.9.1 GROWING RELIANCE ON PREDICTIVE MAINTENANCE MODEL TO AUGMENT ADOPTION OF MACHINE MONITORING SYSTEMS
    • TABLE 126 MARINE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 127 MARINE: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 128 MARINE: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 129 MARINE: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 130 MARINE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 131 MARINE: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 12.10 OTHER INDUSTRIES
    • TABLE 132 OTHER INDUSTRIES: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2020-2023 (USD MILLION)
    • TABLE 133 OTHER INDUSTRIES: MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2024-2029 (USD MILLION)
    • TABLE 134 OTHER INDUSTRIES: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2020-2023 (USD MILLION)
    • TABLE 135 OTHER INDUSTRIES: MACHINE CONDITION MONITORING MARKET, BY TYPE, 2024-2029 (USD MILLION)
    • TABLE 136 OTHER INDUSTRIES: MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 137 OTHER INDUSTRIES: MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)

13 MACHINE CONDITION MONITORING MARKET, BY REGION

  • 13.1 INTRODUCTION
    • FIGURE 56 MACHINE CONDITION MONITORING MARKET, BY REGION
    • FIGURE 57 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL MACHINE CONDITION MONITORING MARKET DURING FORECAST PERIOD
    • TABLE 138 MACHINE CONDITION MONITORING MARKET, BY REGION, 2020-2023 (USD MILLION)
    • TABLE 139 MACHINE CONDITION MONITORING MARKET, BY REGION, 2024-2029 (USD MILLION)
  • 13.2 NORTH AMERICA
    • 13.2.1 NORTH AMERICA: RECESSION IMPACT
    • FIGURE 58 NORTH AMERICA: MACHINE CONDITION MONITORING MARKET SNAPSHOT
    • FIGURE 59 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN MARKET THROUGHOUT FORECAST PERIOD
    • TABLE 140 NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 141 NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
    • TABLE 142 NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 143 NORTH AMERICA: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
    • 13.2.2 US
      • 13.2.2.1 Increasing adoption of IIoT technologies by manufacturing firms to drive market
    • 13.2.3 CANADA
      • 13.2.3.1 Rising deployment of smart factory solutions to fuel market growth
    • 13.2.4 MEXICO
      • 13.2.4.1 Growing implementation of automation solutions in industrial plants to support market growth
  • 13.3 EUROPE
    • 13.3.1 EUROPE: RECESSION IMPACT
    • FIGURE 60 EUROPE: MACHINE CONDITION MONITORING MARKET SNAPSHOT
    • FIGURE 61 GERMANY TO LEAD EUROPEAN MARKET THROUGHOUT FORECAST PERIOD
    • TABLE 144 EUROPE: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 145 EUROPE: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
    • TABLE 146 EUROPE: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 147 EUROPE: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
    • 13.3.2 GERMANY
      • 13.3.2.1 Thriving automotive sector to contribute to market growth
    • 13.3.3 UK
      • 13.3.3.1 Rising use of IoT devices by manufacturers to foster market growth
    • 13.3.4 FRANCE
      • 13.3.4.1 Booming aerospace industry to create opportunities for machine condition monitoring system providers
    • 13.3.5 REST OF EUROPE
  • 13.4 ASIA PACIFIC
    • 13.4.1 ASIA PACIFIC: RECESSION IMPACT
    • FIGURE 62 ASIA PACIFIC: MACHINE CONDITION MONITORING MARKET SNAPSHOT
    • FIGURE 63 CHINA TO GAIN LARGEST MARKET SHARE IN ASIA PACIFIC THROUGHOUT FORECAST PERIOD
    • TABLE 148 ASIA PACIFIC: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 149 ASIA PACIFIC: MACHINE CONDITION MONITORING MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
    • TABLE 150 ASIA PACIFIC: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 151 ASIA PACIFIC: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
    • 13.4.2 CHINA
      • 13.4.2.1 Surging adoption of automation technologies owing to increasing labor costs to drive market
    • 13.4.3 JAPAN
      • 13.4.3.1 Shrinking workforce and aging population to boost adoption of advanced machine condition monitoring systems in smart factories
    • 13.4.4 INDIA
      • 13.4.4.1 Digital India and Make in India initiatives to create opportunities for market players
    • 13.4.5 REST OF ASIA PACIFIC
  • 13.5 REST OF THE WORLD (ROW)
    • 13.5.1 ROW: RECESSION IMPACT
    • FIGURE 64 GCC COUNTRIES TO DOMINATE MARKET IN ROW IN 2024
    • TABLE 152 ROW: MACHINE CONDITION MONITORING MARKET, BY GEOGRAPHY, 2020-2023 (USD MILLION)
    • TABLE 153 ROW: MACHINE CONDITION MONITORING MARKET, BY GEOGRAPHY, 2024-2029 (USD MILLION)
    • TABLE 154 ROW: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2020-2023 (USD MILLION)
    • TABLE 155 ROW: MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2024-2029 (USD MILLION)
    • 13.5.2 GCC COUNTRIES
      • 13.5.2.1 Strong presence of oil & gas industry to fuel market growth
    • TABLE 156 MACHINE CONDITION MONITORING MARKET, BY GCC COUNTRY, 2020-2023 (USD MILLION)
    • TABLE 157 MACHINE CONDITION MONITORING MARKET, BY GCC COUNTRY, 2024-2029 (USD MILLION)
      • 13.5.2.2 Saudi Arabia
        • 13.5.2.2.1 Strong focus on oil production activities to boost adoption of machine condition monitoring systems
      • 13.5.2.3 UAE
        • 13.5.2.3.1 Booming manufacturing sector to drive market
      • 13.5.2.4 Rest of GCC countries
    • 13.5.3 REST OF MIDDLE EAST & AFRICA
      • 13.5.3.1 Flourishing mining industry to support market growth
    • 13.5.4 SOUTH AMERICA
      • 13.5.4.1 Emergence of region as manufacturing hub to create growth opportunities

14 COMPETITIVE LANDSCAPE

  • 14.1 INTRODUCTION
  • 14.2 STRATEGIES ADOPTED BY KEY PLAYERS
    • TABLE 158 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
  • 14.3 REVENUE ANALYSIS OF KEY PLAYERS IN MACHINE CONDITION MONITORING MARKET
    • FIGURE 65 FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS IN MACHINE CONDITION MONITORING MARKET, 2018-2022
  • 14.4 MARKET SHARE ANALYSIS, 2023
    • TABLE 159 MACHINE CONDITION MONITORING MARKET SHARE ANALYSIS (2023)
    • FIGURE 66 INDUSTRY CONCENTRATION, 2023
  • 14.5 EVALUATION MATRIX FOR KEY COMPANIES, 2023
    • 14.5.1 STARS
    • 14.5.2 EMERGING LEADERS
    • 14.5.3 PERVASIVE PLAYERS
    • 14.5.4 PARTICIPANTS
    • FIGURE 67 MACHINE CONDITION MONITORING MARKET: KEY COMPANY EVALUATION MATRIX, 2023
    • 14.5.5 COMPANY FOOTPRINT ANALYSIS
    • TABLE 160 OVERALL FOOTPRINT: KEY COMPANIES (25 COMPANIES)
    • TABLE 161 INDUSTRY FOOTPRINT: KEY COMPANIES (25 COMPANIES)
    • TABLE 162 REGION FOOTPRINT: KEY COMPANIES (25 COMPANIES)
  • 14.6 EVALUATION MATRIX FOR STARTUPS/SMES, 2023
    • 14.6.1 PROGRESSIVE COMPANIES
    • 14.6.2 RESPONSIVE COMPANIES
    • 14.6.3 DYNAMIC COMPANIES
    • 14.6.4 STARTING BLOCKS
    • FIGURE 68 MACHINE CONDITION MONITORING MARKET: STARTUPS/SMES EVALUATION MATRIX, 2023
    • 14.6.5 COMPETITIVE BENCHMARKING
    • TABLE 163 DETAILED LIST OF KEY STARTUPS/SMES
    • TABLE 164 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (5 COMPANIES)
    • TABLE 165 OVERALL FOOTPRINT: STARTUPS/SMES (5 COMPANIES)
  • 14.7 COMPETITIVE SCENARIO AND TRENDS
    • TABLE 166 MACHINE CONDITION MONITORING MARKET: PRODUCT LAUNCHES
    • TABLE 167 MACHINE CONDITION MONITORING MARKET: DEALS

15 COMPANY PROFILES

  • 15.1 KEY PLAYERS

(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)**

    • 15.1.1 BAKER HUGHES COMPANY
    • TABLE 168 BAKER HUGHES COMPANY: COMPANY OVERVIEW
    • FIGURE 69 BAKER HUGHES COMPANY: COMPANY SNAPSHOT
    • TABLE 169 BAKER HUGHES COMPANY: PRODUCTS OFFERED
    • 15.1.2 EMERSON ELECTRIC CO.
    • TABLE 170 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
    • FIGURE 70 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
    • TABLE 171 EMERSON ELECTRIC CO.: PRODUCTS OFFERED
    • TABLE 172 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES
    • TABLE 173 EMERSON ELECTRIC CO.: DEALS
    • 15.1.3 AMPHENOL CORPORATION
    • TABLE 174 AMPHENOL CORPORATION: COMPANY OVERVIEW
    • FIGURE 71 AMPHENOL CORPORATION: COMPANY SNAPSHOT
    • TABLE 175 AMPHENOL CORPORATION: PRODUCTS OFFERED
    • TABLE 176 AMPHENOL CORPORATION: PRODUCT LAUNCHES
    • 15.1.4 HONEYWELL INTERNATIONAL INC.
    • TABLE 177 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
    • FIGURE 72 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
    • TABLE 178 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED
    • TABLE 179 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
    • 15.1.5 SKF
    • TABLE 180 SKF: COMPANY OVERVIEW
    • FIGURE 73 SKF: COMPANY SNAPSHOT
    • TABLE 181 SKF: PRODUCTS OFFERED
    • TABLE 182 SKF: PRODUCT LAUNCHES
    • TABLE 183 SKF: DEALS
    • 15.1.6 ANALOG DEVICES, INC.
    • TABLE 184 ANALOG DEVICES, INC.: COMPANY OVERVIEW
    • FIGURE 74 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
    • TABLE 185 ANALOG DEVICES, INC.: PRODUCTS OFFERED
    • 15.1.7 GENERAL ELECTRIC
    • TABLE 186 GENERAL ELECTRIC: COMPANY OVERVIEW
    • FIGURE 75 GENERAL ELECTRIC: COMPANY SNAPSHOT
    • TABLE 187 GENERAL ELECTRIC: PRODUCTS OFFERED
    • 15.1.8 PARKER HANNIFIN CORP
    • TABLE 188 PARKER HANNIFIN CORP: COMPANY OVERVIEW
    • FIGURE 76 PARKER HANNIFIN CORP: COMPANY SNAPSHOT
    • TABLE 189 PARKER HANNIFIN CORP: PRODUCTS OFFERED
    • 15.1.9 ROCKWELL AUTOMATION
    • TABLE 190 ROCKWELL AUTOMATION: COMPANY OVERVIEW
    • FIGURE 77 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
    • TABLE 191 ROCKWELL AUTOMATION: PRODUCTS OFFERED
    • 15.1.10 SCHAEFFLER AG
    • TABLE 192 SCHAEFFLER AG: COMPANY OVERVIEW
    • FIGURE 78 SCHAEFFLER AG: COMPANY SNAPSHOT
    • TABLE 193 SCHAEFFLER AG: PRODUCTS OFFERED
    • TABLE 194 SCHAEFFLER AG: PRODUCT LAUNCHES
    • 15.1.11 SIEMENS
    • TABLE 195 SIEMENS: COMPANY OVERVIEW
    • FIGURE 79 SIEMENS: COMPANY SNAPSHOT
    • TABLE 196 SIEMENS: PRODUCTS OFFERED
    • TABLE 197 SIEMENS: DEALS
    • 15.1.12 TELEDYNE TECHNOLOGIES INCORPORATED
    • TABLE 198 TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY OVERVIEW
    • FIGURE 80 TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY SNAPSHOT
    • TABLE 199 TELEDYNE TECHNOLOGIES INCORPORATED: PRODUCTS OFFERED
  • *Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
  • 15.2 OTHER COMPANIES
    • 15.2.1 3D SIGNALS
    • 15.2.2 BANNER ENGINEERING CORP.
    • 15.2.3 CRYSTAL INSTRUMENTS
    • 15.2.4 ECOLIBRIUM
    • 15.2.5 FLUKE CORPORATION
    • 15.2.6 IFM ELECTRONIC GMBH
    • 15.2.7 LOGILUBE, LLC
    • 15.2.8 MACHINE SAVER
    • 15.2.9 PETASENSE INC.
    • 15.2.10 SAMOTICS
    • 15.2.11 SPM INSTRUMENT AB
    • 15.2.12 SYMPHONYAI
    • 15.2.13 UPTIMEWORKS

16 ADJACENT AND RELEVANT MARKETS

  • 16.1 INTRODUCTION
  • 16.2 TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION
    • 16.2.1 INTRODUCTION
    • TABLE 200 TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 201 TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 16.2.2 NORTH AMERICA
    • TABLE 202 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 203 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 204 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • TABLE 205 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2023-2028 (USD MILLION)
    • TABLE 206 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2019-2022 (USD MILLION)
    • TABLE 207 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2023-2028 (USD MILLION)
      • 16.2.2.1 US
        • 16.2.2.1.1 Increasing use of communication test and measurement equipment to supply high-quality voice, video, and data center services to drive market
      • 16.2.2.2 Canada
        • 16.2.2.2.1 Rising demand for broadband services and communication testing to fuel market growth
      • 16.2.2.3 Mexico
        • 16.2.2.3.1 Increasing demand for compact cars to support market growth

17 APPENDIX

  • 17.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 17.2 DISCUSSION GUIDE
  • 17.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 17.4 CUSTOMIZATION OPTIONS
  • 17.5 RELATED REPORTS
  • 17.6 AUTHOR DETAILS