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Machine Condition Monitoring Market
Machine Condition Monitoring Market by Component (Hardware, Software), Process (Online, Portable), Monitoring Technique (Vibration, Thermography, Corrosion), End-use Industry (Energy, Oil & Gas, Telecom) and Geography - Global Forecast to 2029
Report ID:MRICT - 104642 Pages: 210 Dec-2022 Formats*: PDF Category: Information and Communications Technology Delivery: 2 to 4 HoursThe Machine Condition Monitoring Market is expected to reach $5.2 billion by 2029, at a CAGR of 7.3% during the forecast period 2022–2029. The growth of this market is driven by the rising adoption of Industry 4.0 technologies and the growing use of big data analytics in asset monitoring. However, a shortage of technical expertise for analyzing & predicting machine condition may restrain the growth of this market. Additionally, the rising focus on reducing human intervention in predictive maintenance is expected to create significant growth opportunities for the stakeholders in this market. However, the high cost & complexities of integrating machine monitoring systems with existing infrastructure is expected to pose a challenge to market growth.
Impact of COVID-19 on the Machine Condition Monitoring Market
The outbreak of the COVID-19 pandemic in the first quarter of 2020 led to a widespread economic downturn as several countries imposed strict lockdowns to contain the infection. The COVID-19 pandemic adversely hit many economies around the globe. The combat measures, such as complete lockdowns and travel restrictions, impacted various industries such as manufacturing and oil & gas. The lockdown slowed the growth of the global machine condition monitoring market due to a reduction in the overall production capacity of various industries.
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The COVID-19 pandemic affected the industrial sector, especially manufacturing operations. However, there is increasing adoption of advanced technologies, such as sensors, machine learning, and IoT, to lessen the cost of shutting down plants due to lockdowns and reduce human intervention. This increased the need to ensure that the equipment runs efficiently for future-proof operations. The machine condition monitoring systems help gain insights from real-time data sources to optimize & maintain equipment and prevent downtime. Such measures are increasing the deployment of new machine condition monitoring systems in various manufacturing plants and helping to recover the machine condition monitoring market.
Adoption of Advanced Technologies in Industry 4.0 Driving the Growth of Machine Condition Monitoring Market
Industry 4.0 focuses on automation, machine learning, and real-time data processing to automate manufacturing plant processes. This has increased the deployment of automated manufacturing technologies such as automation, data analytics, and industrial IoT to improve operational efficiencies. Additionally, in Industry 4.0, the adoption of predictive maintenance offers significant opportunities for various industries. The machine condition monitoring process involves monitoring machine data to detect and schedule repairs and reduce downtime. Such advancement allows for analyzing equipment performance and predicting failure scenarios. Thus, increasing awareness regarding machine condition monitoring is expected to provide opportunities for market growth.
Key Findings in the Global Machine Condition Monitoring Market Study:
In 2022, the Software Segment to Account for the Largest Share of the Machine Condition Monitoring Market
Based on component, the market is segmented into hardware, software, and services. In 2022, the software segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the increasing use of machine condition monitoring software to reduce downtime, boost productivity, increase efficiency, and make accurate predictions related to production. Additionally, this segment is slated to register the highest CAGR during the forecast period.
The Cloud-based Deployment Segment to Register the Higher CAGR During the Forecast Period
Based on deployment mode, the cloud-based deployment segment is slated to register the higher CAGR during the forecast period. The adoption of cloud-based machine condition monitoring is gaining popularity across industrial sectors. Several companies are increasingly adopting cloud-based services, and this trend is expected to grow in the coming years. The benefits offered by cloud infrastructure, such as ease of adoption, privacy, cost saving, and easy installation of security solutions, support the growth of this segment.
In 2022, the Vibration Monitoring Segment to Register the Largest Share of the Machine Condition Monitoring Market
Based on monitoring technique, the market is segmented into vibration monitoring, corrosion monitoring, thermography, oil analysis, ultrasound monitoring, and other monitoring techniques. In 2022, the vibration monitoring segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the increasing use of vibration monitoring techniques in manufacturing plants to diagnose machine conditions and detect faults in machine operations.
In 2022, the Manufacturing Segment to Dominate the Machine Condition Monitoring Market
Based on end-use industry, the market is segmented into manufacturing, healthcare, energy & utilities, aerospace, telecom, agriculture, oil & gas, transportation & logistics, and other end-use industries. In 2022, the manufacturing segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to government initiatives to promote industrial automation, rising investments in Industry 4.0 technologies, and increasing demand for predictive maintenance. Additionally, this segment is slated to register the highest CAGR during the forecast period.
In 2022, Asia-Pacific is Expected to Account for the Largest Share of the Global Machine Condition Monitoring Market
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the rising demand for automation, the high growth in industrial robot deployment, and the presence of high-production countries such as China and Japan. Also, the region is slated to register the highest CAGR during the forecast period.
Key Players
The report includes key strategic developments adopted by the leading market participants in the machine condition monitoring market over the last three years.The key players operating in the global machine condition monitoring market are General Electric Company (U.S.), AB SKF (Sweden), Wilcoxon Sensing Technologies (U.S.), Emerson Electric Co. (U.S.), ALS Limited (Australia), Honeywell International Inc. (U.S.), Parker-Hannifin Corporation (U.S.), Rockwell Automation, Inc. (U.S.), ifm electronic gmbh (Germany), Schaeffler AG (Germany), Baker Hughes Company (U.S.), Analog Devices, Inc. (U.S.), Fluke Corporation (U.S.), Meggitt PLC (U.K.), and National Instruments Corporation (U.S.).
Scope of the Report:
Machine Condition Monitoring Market, by Component
- Hardware
- Sensors
- Analyzers
- Other Hardware
- Software
- Services
Machine Condition Monitoring Market, by Deployment Mode
- On-premise deployment
- Cloud-based deployment
Machine Condition Monitoring Market, by Monitoring Process
- Online Monitoring
- Portable Monitoring
Machine Condition Monitoring Market, by Monitoring Technique
- Vibration Monitoring
- Corrosion Monitoring
- Thermography
- Oil Analysis
- Ultrasound Monitoring
- Other Monitoring Techniques
Machine Condition Monitoring Market, by End-use Industry
- Manufacturing
- Healthcare
- Energy & Utilities
- Aerospace
- Telecom
- Agriculture
- Oil & Gas
- Transportation & Logistics
- Other End-use Industries
Machine Condition Monitoring Market, by Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Key questions answered in the report:
The global machine condition monitoring market is projected to reach $5.2 billion by 2029 at a CAGR of 7.3% during the forecast period.
The growth of this market is attributed to the increasing awareness about the importance of predictive maintenance, the rising adoption of Industry 4.0 technologies, and the growing use of big data analytics in asset monitoring. Additionally, the market offers opportunities to increasing automation across industries and a rising focus on reducing human intervention in predictive maintenance.
The key players operating in the global machine condition monitoring market are General Electric Company (U.S.), AB SKF (Sweden), Wilcoxon Sensing Technologies (U.S.), Emerson Electric Co. (U.S.), ALS Limited (Australia), Honeywell International Inc. (U.S.), Parker-Hannifin Corporation?(U.S.), Rockwell Automation, Inc. (U.S.), ifm electronic gmbh?(Germany), Schaeffler AG (Germany), Baker Hughes Company (U.S.), Analog Devices, Inc.?(U.S.), Fluke Corporation (U.S.), Meggitt PLC (U.K.), and National Instruments Corporation (U.S.).
Asia-Pacific is expected to dominate the global machine condition monitoring market in 2022. Also, the region is expected to register the highest growth rate during the forecast period.
1. Introduction
1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency and Limitations
1.3.1 Currency
1.3.2 Limitations
1.4 Key Stakeholders
2. Research Methodology
2.1 Research Approach
2.2 Data Collection & Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Assessment
2.3.1 Market Size Estimation
2.3.2 Bottom-up Approach
2.3.3 Top-down Approach
2.3.4 Growth forecast
2.4 Assumptions for the Study
3. Executive Summary
3.1 Overview
3.2 Market Analysis, by Component
3.3 Market Analysis, by Deployment Mode
3.4 Market Analysis, by Monitoring Process
3.5 Market Analysis, by Monitoring Technique
3.6 Market Analysis, by End-use Industry
3.7 Market Analysis, by Geography
3.8 Competitive Analysis
4. Impact of the COVID-19 Pandemic on the Machine Condition Monitoring Market
5. Market Insights
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising adoption of industry 4.0 technologies
5.2.1.2 Increasing awareness about the importance of predictive maintenance
5.2.1.3 Growing use of big data analytics in asset monitoring
5.2.2 Restraints
5.2.2.1 Shortage of technical expertise
5.2.3 Opportunities
5.2.3.1 Increasing automation across industries
5.2.3.2 Rising focus on reducing human intervention in predictive maintenance
5.2.4 Challenges
5.2.4.1 High cost & complexities of integration machine monitoring systems with existing infrastructure
5.2.5 Trends
5.2.5.1 Market Trends
5.2.5.1.1 Growing prevalence of third-party condition monitoring
5.2.5.1.2 Use of machine condition monitoring for cold chain logistics
5.2.5.2 Technology Trends
5.2.5.2.1 Growing inclination towards vibration monitoring
5.2.5.2.2 Use of AI in condition monitoring
6. Machine Condition Monitoring Market, by Component
6.1 Introduction
6.2 Hardware
6.2.1 Sensors
6.2.2 Analyzers
6.2.2 Other Hardware
6.3 Software
6.4 Services
7. Machine Condition Monitoring Market, by Deployment Mode
7.1. Introduction
7.2. On-premise deployment
7.3. Cloud-based deployment
8. Machine Condition Monitoring Market, by Monitoring Process
8.1. Introduction
8.2. Online Moitoring
8.3. Portable Monitoring
9. Machine Condition Monitoring Market, by Monitoring Technique
9.1. Introduction
9.2. Vibration Monitoring
9.3. Corrosion Monitoring
9.4 Thermography
9.5 Oil Analysis
9.6 Ultrasound Monitoring
9.7 Other Monitoring Techniques
10. Machine Condition Monitoring Market, by End-use Industry
10.1. Introduction
10.2. Manufacturing
10.3 Healthcare
10.4 Energy & Utility
10.5 Aerospace
10.6 Telecom
10.7 Agriculture
10.8 Oil & Gas
10.9 Transportation & Logistics
10.10 Other Industry Vertical
10.11 Other End-use Industries
11. Machine Condition Monitoring Market, by Geography
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 South Korea
11.3.3 India
11.3.4 Japan
11.3.6 Singapore
11.3.7 Rest of Asia-Pacific
11.4 Latin America
11.5 Middle East & Africa
12. Machine Condition Monitoring Market-Competitive Landscape
12.1. Introduction
12.2. Key Growth Strategies
12.3. Competitive Dashboard
12.3.1. Industry Leader
12.3.2. Market Differentiators
12.3.3. Vanguards
12.3.4. Contemporary Stalwarts
12.4. Vendor Market Positioning
12.5. Market Share Analysis
13. Company Profiles
13.1. General Electric Company
13.2. AB SKF
13.3. Wilcoxon Sensing Technologies
13.4. Emerson Electric Co.
13.5. ALS Limited
13.6. Honeywell International Inc.
13.7. Parker-Hannifin Corp
13.8. Rockwell Automation Inc.
13.9. ifm electronic gmbh
13.10. Schaeffler AG
13.11. Baker Hughes Company
13.12. Analog Devices, Inc.
13.13. Fluke Corporation
13.14. Meggitt PLC.
13.15. National Instruments Corporation
14. Appendix
14.1 Questionnaire
14.2 Available Customization
List of Tables
Table 1 Currency Conversion Rates into USD (2018–2022)
Table 2 Global Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 3 Global Machine Condition Monitoring Software Market Size, by Country/Region, 2020–2029 (USD Million)
Table 4 Global Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 5 Global Machine Condition Monitoring Hardware Market Size, by Country/Region, 2020–2029 (USD Million)
Table 6 Global Machine Condition Monitoring Sensors Market Size, by Country, 2020–2029 (USD Million)
Table 7 Global Machine Condition Monitoring Analyzers Market Size, by Country, 2020–2029 (USD Million)
Table 8 Global Machine Condition Monitoring Market Size for Other Hardware, by Country, 2020–2029 (USD Million)
Table 9 Global Machine Condition Monitoring Services Market Size, by Country/Region, 2020–2029 (USD Million)
Table 10 Global Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 11 Global Cloud-Based Deployment Machine Condition Monitoring Market Size, by Country/Region, 2020–2029 (USD Million)
Table 12 Global On-Premise Deployment Machine Condition Monitoring Market Size, by Country/Region, 2020–2029 (USD Million)
Table 13 Global Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 14 Global Machine Condition Monitoring Market Size for Online Monitoring, by Country/Region, 2020–2029 (USD Million)
Table 15 Global Machine Condition Monitoring Market Size for Portable Monitoring, by Country/Region, 2020–2029 (USD Million)
Table 16 Global Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 17 Global Machine Condition Monitoring Market Size for Vibration Monitoring, by Country/Region, 2020–2029 (USD Million)
Table 18 Global Machine Condition Monitoring Market Size for Thermography, by Country/Region, 2020–2029 (USD Million)
Table 19 Global Machine Condition Monitoring Market Size for Ultrasound Monitoring, by Country/Region, 2020–2029 (USD Million)
Table 20 Global Machine Condition Monitoring Market Size for Oil Analysis, by Country/Region, 2020–2029 (USD Million)
Table 21 Global Machine Condition Monitoring Market Size for Corrosion Monitoring, by Country/Region, 2020–2029 (USD Million)
Table 22 Global Machine Condition Monitoring Market Size for Other Monitoring Techniques, by Country/Region, 2020–2029 (USD Million)
Table 23 Global Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 24 Global Machine Condition Monitoring Market Size for Manufacturing, by Country, 2020–2029 (USD Million)
Table 25 Global Machine Condition Monitoring Market Size for Healthcare, by Country, 2020–2029 (USD Million)
Table 26 Global Machine Condition Monitoring Market Size for Energy & Utility, by Country, 2020–2029 (USD Million)
Table 27 Global Machine Condition Monitoring Market Size for Aerospace, by Country, 2020–2029 (USD Million)
Table 28 Global Machine Condition Monitoring Market Size for Agriculture, by Country, 2020–2029 (USD Million)
Table 29 Global Machine Condition Monitoring Market Size for Oil & Gas, by Country, 2020–2029 (USD Million)
Table 30 Global Machine Condition Monitoring Market Size for Transportation & Logistics, by Country, 2020–2029 (USD Million)
Table 31 Global Machine Condition Monitoring Market Size for Telecom, by Country, 2020–2029 (USD Million)
Table 32 Global Machine Condition Monitoring Market Size for Other End-use Industry, by Country, 2020–2029 (USD Million)
Table 33 Global Machine Condition Monitoring Market Size, by Country, 2020–2029 (USD Million)
Table 34 North America: Machine Condition Monitoring Market, by Country, 2020–2029 (USD Million)
Table 35 North America: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 36 North America: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 37 North America: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 38 North America: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 39 North America: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 40 North America: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 41 U.S.: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 42 U.S.: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 43 U.S.: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 44 U.S.: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 45 U.S.: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 46 U.S.: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 47 Canada: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 48 Canada: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 49 Canada: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 50 Canada: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 51 Canada: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 52 Canada: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 53 Europe: Machine Condition Monitoring Market, by Country, 2020–2029 (USD Million)
Table 54 Europe: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 55 Europe: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 56 Europe: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 57 Europe: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 58 Europe: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 59 Europe: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 60 U.K.: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 61 U.K.: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 62 U.K.: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 63 U.K.: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 64 U.K.: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 65 U.K.: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 66 Germany: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 67 Germany: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 68 Germany: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 69 Germany: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 70 Germany: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 71 Germany: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 72 France: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 73 France: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 74 France: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 75 France: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 76 France: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 77 France: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 78 Italy: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 79 Italy: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 80 Italy: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 81 Italy: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 82 Italy: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 83 Italy: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 84 Spain: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 85 Spain: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 86 Spain: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 87 Spain: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 88 Spain: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 89 Spain: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 90 Rest of Europe: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 91 Rest of Europe: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 92 Rest of Europe: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 93 Rest of Europe: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 94 Rest of Europe: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 95 Rest of Europe: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 96 Asia-Pacific: Machine Condition Monitoring Market, by Country, 2020–2029 (USD Million)
Table 97 Asia-Pacific: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 98 Asia-Pacific: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 99 Asia-Pacific: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 100 Asia-Pacific: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 101 Asia-Pacific: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 102 Asia-Pacific: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 103 China: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 104 China: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 105 China: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 106 China: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 107 China: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 108 China: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 109 India: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 110 India: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 111 India: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 112 India: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 113 India: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 114 India: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 115 Japan: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 116 Japan: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 117 Japan: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 118 Japan: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 119 Japan: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 120 Japan: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 121 South Korea: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 122 South Korea: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 123 South Korea: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 124 South Korea: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 125 South Korea: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 126 South Korea: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 127 Singapore: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 128 Singapore: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 129 Singapore: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 130 Singapore: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 131 Singapore: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 132 Singapore: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 133 Rest of Asia-Pacific: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 134 Rest of Asia-Pacific: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 135 Rest of Asia-Pacific: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 136 Rest of Asia-Pacific: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 137 Rest of Asia-Pacific: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 138 Rest of Asia-Pacific: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 139 Latin America: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 140 Latin America: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 141 Latin America: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 142 Latin America: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 143 Latin America: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 144 Latin America: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 145 Middle East & Africa: Machine Condition Monitoring Market Size, by Component, 2020–2029 (USD Million)
Table 146 Middle East & Africa: Machine Condition Monitoring Hardware Market Size, by Type, 2020–2029 (USD Million)
Table 147 Middle East & Africa: Machine Condition Monitoring Market Size, by Deployment Mode, 2020–2029 (USD Million)
Table 148 Middle East & Africa: Machine Condition Monitoring Market Size, by Monitoring Process, 2020–2029 (USD Million)
Table 149 Middle East & Africa: Machine Condition Monitoring Market Size, by Monitoring Technique, 2020–2029 (USD Million)
Table 150 Middle East & Africa: Machine Condition Monitoring Market Size, by End-use Industry, 2020–2029 (USD Million)
Table 151 Recent Developments by Major Players during 2020–2021
List of Figures
Figure 1 Research Process
Figure 2 Primary Research Techniques
Figure 3 Key Executives Interviewed
Figure 4 Breakdowns of Primary Interviews (Supply Side & Demand Side)
Figure 5 Market Sizing and Growth Forecast Approach
Figure 6 Key Insights
Figure 7 Software Segment Expected to Dominate the Machine Condition Monitoring Market, by Component (2022-2029)
Figure 8 Cloud-Based Deployment Segment Expected to Dominate the Machine Condition Monitoring Market, by Deployment Type (2022-2029)
Figure 9 Online Monitoring Segment Expected to Dominate the Machine Condition Monitoring Market, by Monitoring Process (2022-2029)
Figure 10 Vibration Monitoring Segment Expected to Dominate the Machine Condition Monitoring Market, by Monitoring Technique (2022-2029)
Figure 11 Manufacturing Segment Expected to Dominate the Machine Condition Monitoring Market, by End-use Industry (2022-2029)
Figure 12 Machine Condition Monitoring Market, By Region (2022-2029)
Figure 13 Major Aims of Adopting Preventive Maintenance
Figure 14 Global Machine Condition Monitoring Market Size, by Component, 2021–2029 (USD Million)
Figure 15 Global Machine Condition Monitoring Market Size, by Deployment Mode, 2021–2029 (USD Million)
Figure 16 Global Machine Condition Monitoring Market Size, by Monitoring Process, 2021–2029 (USD Million)
Figure 17 Global Machine Condition Monitoring Market Size, by Monitoring Technique, 2021–2029 (USD Million)
Figure 18 Global Machine Condition Monitoring Market Size, by End-use Industry, 2021–2029 (USD Million)
Figure 19 Global Machine Condition Monitoring Market Size, by Region, 2021–2029 (USD Million)
Figure 20 Geographic Snapshot: Asia-Pacific Machine Condition Monitoring Market
Figure 21 Geographic Snapshot: Europe Machine Condition Monitoring Market
Figure 22 Geographic Snapshot: North America Machine Condition Monitoring Market
Figure 23 Competitive Dashboard: Machine Condition Monitoring Market
Figure 24 Vendor Market Positioning Analysis, (2020-2022)
Figure 25 Schaeffler AG (Germany): Financial Overview
Figure 26 Baker Hughes Company (U.S.): Financial Overview
Figure 27 Analog Devices, Inc. (U.S.): Financial Overview
Figure 28 Fluke Corporation (U.S.) (a part of Fortive Corporation): Financial Overview
Figure 29 Meggitt PLC. (U.K.): Financial Overview
Figure 30 National Instruments Corp. (U.S.): Financial Overview
Figure 31 Honeywell International Inc. (U.S.): Financial Overview
Figure 32 Rockwell Automation Inc. (U.S.): Financial Overview
Figure 33 General Electric Company (U.S.): Financial Overview
Figure 34 Amphenol Corporation (U.S.): Financial Overview
Figure 35 Emerson Electric Co. (U.S.): Financial Overview
Figure 36 ALS Limited (Australia): Financial Overview
Figure 37 Parker-Hannifin Corp (U.S.): Financial Overview
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