NEW YORK, March 9, 2020 /PRNewswire/ --
Machine Condition Monitoring Equipment market worldwide is projected to grow by US$974.9 Million, driven by a compounded growth of 5.7%. Vibration Monitoring Equipment, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.7 Billion by the year 2025, Vibration Monitoring Equipment will bring in healthy gains adding significant momentum to global growth.
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- Representing the developed world, the United States will maintain a 4.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$34.7 Million to the region's size and clout in the next 5 to 6 years. Over US$29.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Vibration Monitoring Equipment will reach a market size of US$91 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.3% over the next couple of years and add approximately US$261.1 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
- Competitors identified in this market include, among others,
- ALS Limited
- Azima DLI LLC
- Brüel & Kjær Vibro
- ClampOn AS
- Cosasco
- Crystal Instruments
- CTRL Systems, Inc.
- Data Physics Corporation
- Emerson Electric Co., FLIR Systems, Inc.
- Fluke Corporation
- General Electric
- Honeywell Process Solutions
- ITT Corporation
- Meggitt PLC
- National Instruments Corporation
- Parker Hannifin Corp.
- Parker Kittiwake
- PCB Piezotronics, Inc.
- Rockwell Automation, Inc.
- Schaeffler Technologies AG & Co. KG
- Shinkawa Electric Co., Ltd.
- SKF
- SPM Instrument AB
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Condition Based Maintenance Comes Out of the Shadows as Smart
Management of Assets Spirals into the Spotlight
Recent Market Activity
Market Overview
From Corrective to Prescriptive, Machine Condition Monitoring
Makes Its Evolutionary Turn Towards Smart Asset Management
Artificial Intelligence in Machine Condition Monitoring Gains
Ground
Continued Recovery in Global GDP & Manufacturing PMI Promises
Stronger Growth for the Machine Condition Monitoring Market
Ubiquity of Rotating Machinery in Industrial Plants Sustains
the Dominance of Vibration Monitoring Systems
Even as the Oil Industry Regains Balance at the Back of Oil
Price Rise & Supply Increases, Volatility Will Continue to
Shape Strategy
Skyrocketing Oil Exploration Costs
Business Case for Operational Excellence Stands Exemplified
Outsourced Condition Monitoring Services to Gain Momentum
Growth of Precision Mechanics & the Ensuing Increase in the Use
of Machine Tools to Benefit Condition Monitoring of Machine
Tools
Market Outlook
Global Competitor Market Shares
Machine Condition Monitoring Equipment Competitor Market Share
Scenario Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
ALS Limited (Australia)
Azima DLI LLC (USA)
Brüel & Kjær Vibro GmbH (Denmark)
ClampOn AS (Norway)
Cosasco (USA)
CRYSTAL INSTRUMENTS (USA)
CTRL Systems, Inc. (USA)
Data Physics Corporation (USA)
Emerson Electric Co. (USA)
FLIR Systems, Inc. (USA)
Fluke Corporation (USA)
General Electric (USA)
Honeywell Process Solutions (USA)
ITT Corporation (USA)
Meggitt PLC (UK)
National Instruments Corporation (USA)
Parker Hannifin Corp. (USA)
Parker Kittiwake (UK)
PCB Piezotronics, Inc. (USA)
Rockwell Automation, Inc. (USA)
Schaeffler Technologies AG & Co. KG (Germany)
Shinkawa Electric Co., Ltd. (Japan)
SKF (Sweden)
SPM Instrument AB (Sweden)
3. MARKET TRENDS & DRIVERS
Emergence of Industry 4.0 & IIoT as a Novel Support System for
Intelligent Maintenance Drives Opportunities for Condition
Monitoring
Growing Energy Consumption & Production Drives the Need for
Condition Monitoring in Power Plants
Insatiable Need for Energy
Changing Power Generation Dynamics & Rise of Peaking Power Plants
Technology Innovations to Support Long-Term Growth in the Market
Wireless Sensor Networks, Sensor Fusion & Multi-Sensor
Monitoring: The Three Major Technology Buzzwords
"Maintenance from a Distance": The New Buzz Word for Prognostic
Machine Health Monitoring
The Rise of Cloud Based Business Models Sparks a Revolution in
Condition Monitoring
Integration of Condition Monitoring With Asset Management:
A Key Strategy Aimed At Productivity Gains
4. GLOBAL MARKET PERSPECTIVE
Table 1: Machine Condition Monitoring Equipment Global Market
Estimates and Forecasts in US$ Thousand by Region/Country:
2018-2025
Table 2: Machine Condition Monitoring Equipment Global
Retrospective Market Scenario in US$ Thousand by
Region/Country: 2009-2017
Table 3: Machine Condition Monitoring Equipment Market Share
Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025
Table 4: Vibration Monitoring Equipment (Segment) World Market
by Region/Country in US$ Thousand: 2018 to 2025
Table 5: Vibration Monitoring Equipment (Segment) Historic
Market Analysis by Region/Country in US$ Thousand: 2009 to 2017
Table 6: Vibration Monitoring Equipment (Segment) Market Share
Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS
2025
Table 7: Thermography Equipment (Segment) Potential Growth
Markets Worldwide in US$ Thousand: 2018 to 2025
Table 8: Thermography Equipment (Segment) Historic Market
Perspective by Region/Country in US$ Thousand: 2009 to 2017
Table 9: Thermography Equipment (Segment) Market Sales
Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025
Table 10: Lubricating Oil Analysis Equipment (Segment)
Geographic Market Spread Worldwide in US$ Thousand: 2018 to
2025
Table 11: Lubricating Oil Analysis Equipment (Segment) Region
Wise Breakdown of Global Historic Demand in US$ Thousand: 2009
to 2017
Table 12: Lubricating Oil Analysis Equipment (Segment) Market
Share Distribution in Percentage by Region/Country: 2009 VS
2019 VS 2025
Table 13: Other Segments (Segment) World Market Estimates and
Forecasts by Region/Country in US$ Thousand: 2018 to 2025
Table 14: Other Segments (Segment) Market Historic Review by
Region/Country in US$ Thousand: 2009 to 2017
Table 15: Other Segments (Segment) Market Share Breakdown by
Region/Country: 2009 VS 2019 VS 2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Machine Condition Monitoring Equipment Market Share (in %)
by Company: 2020 & 2025
Market Analytics
Table 16: United States Machine Condition Monitoring Equipment
Market Estimates and Projections in US$ Thousand by Segment:
2018 to 2025
Table 17: Machine Condition Monitoring Equipment Market in the
United States by Segment: A Historic Review in US$ Thousand for
2009-2017
Table 18: United States Machine Condition Monitoring Equipment
Market Share Breakdown by Segment: 2009 VS 2019 VS 2025
CANADA
Table 19: Canadian Machine Condition Monitoring Equipment
Market Estimates and Forecasts in US$ Thousand by Segment: 2018
to 2025
Table 20: Canadian Machine Condition Monitoring Equipment
Historic Market Review by Segment in US$ Thousand: 2009-2017
Table 21: Machine Condition Monitoring Equipment Market in
Canada: Percentage Share Breakdown of Sales by Segment for
2009, 2019, and 2025
JAPAN
Table 22: Japanese Market for Machine Condition Monitoring
Equipment: Annual Sales Estimates and Projections in US$
Thousand by Segment for the Period 2018-2025
Table 23: Machine Condition Monitoring Equipment Market in
Japan: Historic Sales Analysis in US$ Thousand by Segment for
the Period 2009-2017
Table 24: Japanese Machine Condition Monitoring Equipment
Market Share Analysis by Segment: 2009 VS 2019 VS 2025
CHINA
Table 25: Chinese Machine Condition Monitoring Equipment Market
Growth Prospects in US$ Thousand by Segment for the Period
2018-2025
Table 26: Machine Condition Monitoring Equipment Historic
Market Analysis in China in US$ Thousand by Segment: 2009-2017
Table 27: Chinese Machine Condition Monitoring Equipment Market
by Segment: Percentage Breakdown of Sales for 2009, 2019, and
2025
EUROPE
Market Facts & Figures
European Machine Condition Monitoring Equipment Market:
Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
Table 28: European Machine Condition Monitoring Equipment
Market Demand Scenario in US$ Thousand by Region/Country:
2018-2025
Table 29: Machine Condition Monitoring Equipment Market in
Europe: A Historic Market Perspective in US$ Thousand by
Region/Country for the Period 2009-2017
Table 30: European Machine Condition Monitoring Equipment
Market Share Shift by Region/Country: 2009 VS 2019 VS 2025
Table 31: European Machine Condition Monitoring Equipment
Market Estimates and Forecasts in US$ Thousand by Segment:
2018-2025
Table 32: Machine Condition Monitoring Equipment Market in
Europe in US$ Thousand by Segment: A Historic Review for the
Period 2009-2017
Table 33: European Machine Condition Monitoring Equipment
Market Share Breakdown by Segment: 2009 VS 2019 VS 2025
FRANCE
Table 34: Machine Condition Monitoring Equipment Market in
France by Segment: Estimates and Projections in US$ Thousand
for the Period 2018-2025
Table 35: French Machine Condition Monitoring Equipment
Historic Market Scenario in US$ Thousand by Segment: 2009-2017
Table 36: French Machine Condition Monitoring Equipment Market
Share Analysis by Segment: 2009 VS 2019 VS 2025
GERMANY
Table 37: Machine Condition Monitoring Equipment Market in
Germany: Recent Past, Current and Future Analysis in US$
Thousand by Segment for the Period 2018-2025
Table 38: German Machine Condition Monitoring Equipment
Historic Market Analysis in US$ Thousand by Segment: 2009-2017
Table 39: German Machine Condition Monitoring Equipment Market
Share Breakdown by Segment: 2009 VS 2019 VS 2025
ITALY
Table 40: Italian Machine Condition Monitoring Equipment Market
Growth Prospects in US$ Thousand by Segment for the Period
2018-2025
Table 41: Machine Condition Monitoring Equipment Historic
Market Analysis in Italy in US$ Thousand by Segment: 2009-2017
Table 42: Italian Machine Condition Monitoring Equipment Market
by Segment: Percentage Breakdown of Sales for 2009, 2019, and
2025
UNITED KINGDOM
Table 43: United Kingdom Market for Machine Condition
Monitoring Equipment: Annual Sales Estimates and Projections in
US$ Thousand by Segment for the Period 2018-2025
Table 44: Machine Condition Monitoring Equipment Market in the
United Kingdom: Historic Sales Analysis in US$ Thousand by
Segment for the Period 2009-2017
Table 45: United Kingdom Machine Condition Monitoring Equipment
Market Share Analysis by Segment: 2009 VS 2019 VS 2025
SPAIN
Table 46: Spanish Machine Condition Monitoring Equipment Market
Estimates and Forecasts in US$ Thousand by Segment: 2018 to
2025
Table 47: Spanish Machine Condition Monitoring Equipment
Historic Market Review by Segment in US$ Thousand: 2009-2017
Table 48: Machine Condition Monitoring Equipment Market in
Spain: Percentage Share Breakdown of Sales by Segment for 2009,
2019, and 2025
RUSSIA
Table 49: Russian Machine Condition Monitoring Equipment Market
Estimates and Projections in US$ Thousand by Segment: 2018 to
2025
Table 50: Machine Condition Monitoring Equipment Market in
Russia by Segment: A Historic Review in US$ Thousand for
2009-2017
Table 51: Russian Machine Condition Monitoring Equipment Market
Share Breakdown by Segment: 2009 VS 2019 VS 2025
REST OF EUROPE
Table 52: Rest of Europe Machine Condition Monitoring Equipment
Market Estimates and Forecasts in US$ Thousand by Segment:
2018-2025
Table 53: Machine Condition Monitoring Equipment Market in Rest
of Europe in US$ Thousand by Segment: A Historic Review for the
Period 2009-2017
Table 54: Rest of Europe Machine Condition Monitoring Equipment
Market Share Breakdown by Segment: 2009 VS 2019 VS 2025
ASIA-PACIFIC
Table 55: Asia-Pacific Machine Condition Monitoring Equipment
Market Estimates and Forecasts in US$ Thousand by
Region/Country: 2018-2025
Table 56: Machine Condition Monitoring Equipment Market in
Asia-Pacific: Historic Market Analysis in US$ Thousand by
Region/Country for the Period 2009-2017
Table 57: Asia-Pacific Machine Condition Monitoring Equipment
Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025
Table 58: Machine Condition Monitoring Equipment Market in
Asia-Pacific by Segment: Estimates and Projections in US$
Thousand for the Period 2018-2025
Table 59: Asia-Pacific Machine Condition Monitoring Equipment
Historic Market Scenario in US$ Thousand by Segment: 2009-2017
Table 60: Asia-Pacific Machine Condition Monitoring Equipment
Market Share Analysis by Segment: 2009 VS 2019 VS 2025
AUSTRALIA
Table 61: Machine Condition Monitoring Equipment Market in
Australia: Recent Past, Current and Future Analysis in US$
Thousand by Segment for the Period 2018-2025
Table 62: Australian Machine Condition Monitoring Equipment
Historic Market Analysis in US$ Thousand by Segment: 2009-2017
Table 63: Australian Machine Condition Monitoring Equipment
Market Share Breakdown by Segment: 2009 VS 2019 VS 2025
INDIA
Table 64: Indian Machine Condition Monitoring Equipment Market
Estimates and Forecasts in US$ Thousand by Segment: 2018 to
2025
Table 65: Indian Machine Condition Monitoring Equipment
Historic Market Review by Segment in US$ Thousand: 2009-2017
Table 66: Machine Condition Monitoring Equipment Market in
India: Percentage Share Breakdown of Sales by Segment for 2009,
2019, and 2025
SOUTH KOREA
Table 67: Machine Condition Monitoring Equipment Market in
South Korea: Recent Past, Current and Future Analysis in US$
Thousand by Segment for the Period 2018-2025
Table 68: South Korean Machine Condition Monitoring Equipment
Historic Market Analysis in US$ Thousand by Segment: 2009-2017
Table 69: Machine Condition Monitoring Equipment Market Share
Distribution in South Korea by Segment: 2009 VS 2019 VS 2025
REST OF ASIA-PACIFIC
Table 70: Rest of Asia-Pacific Market for Machine Condition
Monitoring Equipment: Annual Sales Estimates and Projections in
US$ Thousand by Segment for the Period 2018-2025
Table 71: Machine Condition Monitoring Equipment Market in Rest
of Asia-Pacific: Historic Sales Analysis in US$ Thousand by
Segment for the Period 2009-2017
Table 72: Rest of Asia-Pacific Machine Condition Monitoring
Equipment Market Share Analysis by Segment: 2009 VS 2019 VS
2025
LATIN AMERICA
Table 73: Latin American Machine Condition Monitoring Equipment
Market Trends by Region/Country in US$ Thousand: 2018-2025
Table 74: Machine Condition Monitoring Equipment Market in
Latin America in US$ Thousand by Region/Country: A Historic
Perspective for the Period 2009-2017
Table 75: Latin American Machine Condition Monitoring Equipment
Market Percentage Breakdown of Sales by Region/Country: 2009,
2019, and 2025
Table 76: Latin American Machine Condition Monitoring Equipment
Market Growth Prospects in US$ Thousand by Segment for the
Period 2018-2025
Table 77: Machine Condition Monitoring Equipment Historic
Market Analysis in Latin America in US$ Thousand by Segment:
2009-2017
Table 78: Latin American Machine Condition Monitoring Equipment
Market by Segment: Percentage Breakdown of Sales for 2009,
2019, and 2025
ARGENTINA
Table 79: Argentinean Machine Condition Monitoring Equipment
Market Estimates and Forecasts in US$ Thousand by Segment:
2018-2025
Table 80: Machine Condition Monitoring Equipment Market in
Argentina in US$ Thousand by Segment: A Historic Review for the
Period 2009-2017
Table 81: Argentinean Machine Condition Monitoring Equipment
Market Share Breakdown by Segment: 2009 VS 2019 VS 2025
BRAZIL
Table 82: Machine Condition Monitoring Equipment Market in
Brazil by Segment: Estimates and Projections in US$ Thousand
for the Period 2018-2025
Table 83: Brazilian Machine Condition Monitoring Equipment
Historic Market Scenario in US$ Thousand by Segment: 2009-2017
Table 84: Brazilian Machine Condition Monitoring Equipment
Market Share Analysis by Segment: 2009 VS 2019 VS 2025
MEXICO
Table 85: Machine Condition Monitoring Equipment Market in
Mexico: Recent Past, Current and Future Analysis in US$
Thousand by Segment for the Period 2018-2025
Table 86: Mexican Machine Condition Monitoring Equipment
Historic Market Analysis in US$ Thousand by Segment: 2009-2017
Table 87: Mexican Machine Condition Monitoring Equipment Market
Share Breakdown by Segment: 2009 VS 2019 VS 2025
REST OF LATIN AMERICA
Table 88: Rest of Latin America Machine Condition Monitoring
Equipment Market Estimates and Projections in US$ Thousand by
Segment: 2018 to 2025
Table 89: Machine Condition Monitoring Equipment Market in Rest
of Latin America by Segment: A Historic Review in US$ Thousand
for 2009-2017
Table 90: Rest of Latin America Machine Condition Monitoring
Equipment Market Share Breakdown by Segment: 2009 VS 2019 VS
2025
MIDDLE EAST
Table 91: The Middle East Machine Condition Monitoring
Equipment Market Estimates and Forecasts in US$ Thousand by
Region/Country: 2018-2025
Table 92: Machine Condition Monitoring Equipment Market in the
Middle East by Region/Country in US$ Thousand: 2009-2017
Table 93: The Middle East Machine Condition Monitoring
Equipment Market Share Breakdown by Region/Country: 2009, 2019,
and 2025
Table 94: The Middle East Machine Condition Monitoring
Equipment Market Estimates and Forecasts in US$ Thousand by
Segment: 2018 to 2025
Table 95: The Middle East Machine Condition Monitoring
Equipment Historic Market by Segment in US$ Thousand: 2009-2017
Table 96: Machine Condition Monitoring Equipment Market in the
Middle East: Percentage Share Breakdown of Sales by Segment for
2009, 2019, and 2025
IRAN
Table 97: Iranian Market for Machine Condition Monitoring
Equipment: Annual Sales Estimates and Projections in US$
Thousand by Segment for the Period 2018-2025
Table 98: Machine Condition Monitoring Equipment Market in
Iran: Historic Sales Analysis in US$ Thousand by Segment for
the Period 2009-2017
Table 99: Iranian Machine Condition Monitoring Equipment Market
Share Analysis by Segment: 2009 VS 2019 VS 2025
ISRAEL
Table 100: Israeli Machine Condition Monitoring Equipment
Market Estimates and Forecasts in US$ Thousand by Segment:
2018-2025
Table 101: Machine Condition Monitoring Equipment Market in
Israel in US$ Thousand by Segment: A Historic Review for the
Period 2009-2017
Table 102: Israeli Machine Condition Monitoring Equipment
Market Share Breakdown by Segment: 2009 VS 2019 VS 2025
SAUDI ARABIA
Table 103: Saudi Arabian Machine Condition Monitoring Equipment
Market Growth Prospects in US$ Thousand by Segment for the
Period 2018-2025
Table 104: Machine Condition Monitoring Equipment Historic
Market Analysis in Saudi Arabia in US$ Thousand by Segment:
2009-2017
Table 105: Saudi Arabian Machine Condition Monitoring Equipment
Market by Segment: Percentage Breakdown of Sales for 2009,
2019, and 2025
UNITED ARAB EMIRATES
Table 106: Machine Condition Monitoring Equipment Market in the
United Arab Emirates: Recent Past, Current and Future Analysis
in US$ Thousand by Segment for the Period 2018-2025
Table 107: United Arab Emirates Machine Condition Monitoring
Equipment Historic Market Analysis in US$ Thousand by Segment:
2009-2017
Table 108: Machine Condition Monitoring Equipment Market Share
Distribution in United Arab Emirates by Segment: 2009 VS 2019
VS 2025
REST OF MIDDLE EAST
Table 109: Machine Condition Monitoring Equipment Market in
Rest of Middle East: Recent Past, Current and Future Analysis
in US$ Thousand by Segment for the Period 2018-2025
Table 110: Rest of Middle East Machine Condition Monitoring
Equipment Historic Market Analysis in US$ Thousand by Segment:
2009-2017
Table 111: Rest of Middle East Machine Condition Monitoring
Equipment Market Share Breakdown by Segment: 2009 VS 2019 VS
2025
AFRICA
Table 112: African Machine Condition Monitoring Equipment
Market Estimates and Projections in US$ Thousand by Segment:
2018 to 2025
Table 113: Machine Condition Monitoring Equipment Market in
Africa by Segment: A Historic Review in US$ Thousand for
2009-2017
Table 114: African Machine Condition Monitoring Equipment
Market Share Breakdown by Segment: 2009 VS 2019 VS 2025
IV. COMPETITION
Total Companies Profiled: 106
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