Machine Condition Monitoring Market to Register a CAGR of 6.8% Globally during 2017–2025

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The study describes the global machine condition monitoring market in reference to scope. It divides the industry into technology, geography, and industry vertical. It incorporates research methodology, such as Porter’s Five Forces Analysis (PFFA)

Progressive Markets has published a recent report on the semiconductor and machine sector, titled, “Global Machine Condition Monitoring Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025”. According to it, the global machine condition monitoring industry is anticipated to register a CAGR of 6.8% during the period, 2017–2025. It offers projection of the market and analyzes present industry trends and probable future market dynamics.

It covers parameters which include power to bargain by suppliers & buyers and threat of new entrants & substitutes. In addition, it analyzes industry dynamics and its effect upon the market. The study also incorporates summary which includes recent advancement, market attractiveness, and trend analysis. Based on technology, it classifies the industry into lubricating oil analysis, corrosion monitoring, vibration analysis & diagnostics, infrared thermography, ultrasound emission testing, and motor current signature analysis (MCSA).


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According to the report, industry vertical of the global machine condition monitoring market include oil and gas, chemical & petrochemical, steel and metal, automotive, and pharmaceutical. Geographically, it categorizes the industry into Latin America Middle East & Africa (LAMEA), Asia-Pacific, Europe, and North America. Further, it analyzes market share of technology, industry vertical, and region for the period, 2014–2025. It assesses industry size of each industry vertical and technology by regions during the historic period as well as forecast period, 2014–2016 and 2017–2025, respectively. It also discusses top manufactures of the industry, such as Honeywell International Inc., Emerson Process Management, General Electric Company, Rockwell Automation, Inc., National Instruments Corporation, and others.


The experts describe factors that are capable to drive the global machine condition monitoring market. These include decrease in cost of repair owing to the fact that the industry eliminates sudden downtime. They also discuss alternative factors that propel growth of the industry, such as better life and appropriate maintenance of machines. Apart from this, the research also explores aspects that hinder prosperity of the market. These include extra cost suffered owing to minor errors while monitoring machine condition. It discusses abovementioned firms based on norms set, such as recent advancements. It also explores finance and business segment of every manufacturer.


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The report depicts the abovementioned characteristics of the global machine condition monitoring market in the form of figures and tables. For instance, there are tables that show revenue generated by each segment of the industry. There are also tables that illustrate overview of top vendors under heading of “snapshot”.


Table of Content for Machine Condition Monitoring Industry


1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and Recent Industry Development Analysis

2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology

3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter’s Analysis
3.3.1. Bargaining Power of Buyers
3.3.2. Bargaining Power of Suppliers
3.3.3. Threat of Substitutes
3.3.4. Industry Rivalry
3.3.5. Threat of New Entrants
3.4. Global Machine Condition Monitoring Market Shares Analysis, 2014-2025
3.4.1. Global machine condition monitoring market share by technology, 2014-2025




List of Tables

Contain 38 Tables


List of Figures

Contain 51 Figures


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About Progressive

The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.


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