DUBLIN, November 24, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/rmnb7r/machine_condition) has announced the addition of the "Machine Condition Monitoring Market by Monitoring Type, Components, Monitoring Process, Applications, and Geography - Global Trend & Forecast to 2020" report to their offering.
The global machine condition equipment market was valued at USD 1.54 Billion in 2014 and is expected to reach USD 2.45 Billion by 2020, at a CAGR of 7.6% between 2015 and 2020.
Machine condition monitoring also known as machine health monitoring, is a process of measuring and monitoring certain parameters such as humidity, temperature, pressure, and others so that any significant change, indicative of faults can be identified. Equipment failure can cause huge losses to enterprises not just in terms of loss of capital spent on the purchasing of new equipment but also in terms of productivity and overall quality of final goods being produced.
Condition monitoring hence is a method to pre-empt and prevent such losses, through predictive maintenance. The global condition monitoring market report covers various monitoring types, namely, vibration monitoring, ultrasonic emission, thermography, lubricating oil analysis, motor current signature analysis (MCSA), and corrosion monitoring.
The report also analyzes the machine condition monitoring market through two major monitoring processes employed- portable condition monitoring and online condition monitoring.
This report describes the market trends and challenges of the global machine condition monitoring equipment market and forecasts the market till 2020, based on components, monitoring types, applications, monitoring processes, and geography. It covers markets in North America, Europe, APAC, and RoW (Rest of the World). Report also features detailed competitive landscape with identification of the key players with respect to condition monitoring equipment market, in-depth market share analysis with individual share, and market share rankings. The sections and sub-segments in the report contain drivers, restraints, opportunities, current market trends in the machine condition monitoring equipment market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market By Monitoring Type
8 Market, By Component
9 Market, By Application
10 Market, By Monitoring Process
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
Major players in the global machine condition monitoring equipment market are
- Azima Dli Corporation
- Brüel & Kjaer Vibro Gmbh
- Emerson Process Management
- Fluke Corporation
- General Electric Company
- Honeywell International Inc.
- National Instruments Corporation
- Parker Hannifin Corporation
- Rockwell Automation, Inc.
- Saj Engineering And Trading Company
- Skf Ab
For more information visit http://www.researchandmarkets.com/research/rmnb7r/machine_condition
SOURCE Research and Markets