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Machine Condition Monitoring Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Mar 2023

Report ID: ARC401

Pages : 250

Format : Machine Condition Monitoring Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

CHAPTER 1. Industry Overview of Machine Condition Monitoring Market

1.1. Definition and Scope

1.1.1. Definition of Machine Condition Monitoring

1.1.2. Market Segmentation

1.1.3. Years Considered for the Study

1.1.4. Assumptions and Acronyms Used

1.1.4.1. Market Assumptions and Market Forecast

1.1.4.2. Acronyms Used in Global Machine Condition Monitoring Market

1.2. Summary

1.2.1. Executive Summary

1.2.2. Machine Condition Monitoring Market By Monitoring Technique

1.2.3. Machine Condition Monitoring Market By Monitoring Process

1.2.4. Machine Condition Monitoring Market By Component

1.2.5. Machine Condition Monitoring Market By Deployment

1.2.6. Machine Condition Monitoring Market By End-Use

1.2.7. Machine Condition Monitoring Market By Region

CHAPTER 2. Research Approach

2.1. Methodology 

2.1.1. Research Programs

2.1.2. Market Size Estimation

2.1.3. Market Breakdown and Data Triangulation

2.2. Data Source

2.2.1. Secondary Sources

2.2.2. Primary Sources

CHAPTER 3. Market Dynamics And Competition Analysis

3.1. Market Drivers

3.1.1. Driver 1

3.1.2. Driver 2

3.2. Restraints and Challenges

3.2.1. Restraint 1

3.2.2. Restraint 2

3.3. Growth Opportunities

3.3.1. Opportunity 1

3.3.2. Opportunity 2 

3.4. Porter’s Five Forces Analysis

3.4.1. Bargaining Power of Suppliers

3.4.2. Bargaining Power of Buyers

3.4.3. Threat of Substitute

3.4.4. Threat of New Entrants

3.4.5. Degree of Competition

3.5. Market Concentration Ratio and Market Maturity Analysis of Machine Condition Monitoring Market

3.5.1. Go To Market Strategy

3.5.1.1. Introduction

3.5.1.2. Growth

3.5.1.3. Maturity

3.5.1.4. Saturation

3.5.1.5. Possible Development

3.6. Technological Roadmap for Machine Condition Monitoring Market

3.7. Value Chain Analysis

3.7.1. List of Key Manufacturers 

3.7.2. List of Customers

3.7.3. Level of Integration

3.8. Regulatory Compliance

3.9. Competitive Landscape, 2022

3.9.1. Player Positioning Analysis

3.9.2. Key Strategies Adopted By Leading Players

CHAPTER 4. Flooring & Wall Panels Plant Analysis

4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022

4.2. R&D Status of Major Manufacturers in 2022

CHAPTER 5. Machine Condition Monitoring Market By Monitoring Technique

5.1. Introduction

5.2. Machine Condition Monitoring Market Revenue By Monitoring Technique

5.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By Monitoring Technique, 2020-2032

5.2.2. Vibration Monitoring

5.2.2.1. Vibration Monitoring Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.3. Thermography

5.2.3.1. Thermography Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.4. Oil Analysis

5.2.4.1. Oil Analysis Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.5. Corrosion Monitoring

5.2.5.1. Corrosion Monitoring Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.6. Ultrasound Emission Monitoring

5.2.6.1. Ultrasound Emission Monitoring Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.7. Others

5.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 6. Machine Condition Monitoring Market By Monitoring Process

6.1. Introduction

6.2. Machine Condition Monitoring Market Revenue By Monitoring Process

6.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By Monitoring Process, 2020-2032

6.2.2. Online

6.2.2.1. Online Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.3. Portable

6.2.3.1. Portable Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 7. Machine Condition Monitoring Market By Component

7.1. Introduction

7.2. Machine Condition Monitoring Market Revenue By Component

7.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By Component, 2020-2032

7.2.2. Hardware

7.2.2.1. Hardware Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.3. Software

7.2.3.1. Software Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.4. Services

7.2.4.1. Services Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 8. Machine Condition Monitoring Market By Deployment

8.1. Introduction

8.2. Machine Condition Monitoring Market Revenue By Deployment

8.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By Deployment, 2020-2032

8.2.2. Cloud

8.2.2.1. Cloud Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

8.2.3. On-Premises

8.2.3.1. On-Premises Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 9. Machine Condition Monitoring Market By End-Use

9.1. Introduction

9.2. Machine Condition Monitoring Market Revenue By End-Use

9.2.1. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast, By End-Use, 2020-2032

9.2.2. Power Generation

9.2.2.1. Power Generation Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

9.2.3. Automotive

9.2.3.1. Automotive Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

9.2.4. Oil & Gas

9.2.4.1. Oil & Gas Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

9.2.5. Metal & Mining

9.2.5.1. Metal & Mining Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

9.2.6. Aerospace

9.2.6.1. Aerospace Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

9.2.7. Food & Beverages

9.2.7.1. Food & Beverages Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

9.2.8. Chemicals

9.2.8.1. Chemicals Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

9.2.9. Marine

9.2.9.1. Marine Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

9.2.10. Others

9.2.10.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 10. North America Machine Condition Monitoring Market By Country

10.1. North America Machine Condition Monitoring Market Overview

10.2. U.S.

10.2.1. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

10.2.2. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

10.2.3. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

10.2.4. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

10.2.5. U.S. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

10.3. Canada

10.3.1. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

10.3.2. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

10.3.3. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

10.3.4. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

10.3.5. Canada Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

10.4. North America PEST Analysis

CHAPTER 11. Europe Machine Condition Monitoring Market By Country

11.1. Europe Machine Condition Monitoring Market Overview

11.2. U.K.

11.2.1. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

11.2.2. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

11.2.3. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

11.2.4. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

11.2.5. U.K. Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

11.3. Germany

11.3.1. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

11.3.2. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

11.3.3. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

11.3.4. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

11.3.5. Germany Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

11.4. France

11.4.1. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

11.4.2. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

11.4.3. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

11.4.4. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

11.4.5. France Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

11.5. Spain

11.5.1. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

11.5.2. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

11.5.3. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

11.5.4. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

11.5.5. Spain Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

11.6. Rest of Europe

11.6.1. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

11.6.2. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

11.6.3. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

11.6.4. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

11.6.5. Rest of Europe Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

11.7. Europe PEST Analysis

CHAPTER 12. Asia-Pacific Machine Condition Monitoring Market By Country

12.1. Asia-Pacific Machine Condition Monitoring Market Overview

12.2. China

12.2.1. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

12.2.2. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

12.2.3. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

12.2.4. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

12.2.5. China Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

12.3. Japan

12.3.1. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

12.3.2. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

12.3.3. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

12.3.4. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

12.3.5. Japan Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

12.4. India

12.4.1. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

12.4.2. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

12.4.3. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

12.4.4. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

12.4.5. India Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

12.5. Australia

12.5.1. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

12.5.2. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

12.5.3. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

12.5.4. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

12.5.5. Australia Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

12.6. South Korea

12.6.1. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

12.6.2. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

12.6.3. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

12.6.4. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

12.6.5. South Korea Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

12.7. Rest of Asia-Pacific

12.7.1. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

12.7.2. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

12.7.3. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

12.7.4. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

12.7.5. Rest of Asia-Pacific Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

12.8. Asia-Pacific PEST Analysis

CHAPTER 13. Latin America Machine Condition Monitoring Market By Country

13.1. Latin America Machine Condition Monitoring Market Overview

13.2. Brazil

13.2.1. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

13.2.2. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

13.2.3. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

13.2.4. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

13.2.5. Brazil Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

13.3. Mexico

13.3.1. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

13.3.2. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

13.3.3. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

13.3.4. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

13.3.5. Mexico Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

13.4. Rest of Latin America

13.4.1. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

13.4.2. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

13.4.3. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

13.4.4. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

13.4.5. Rest of Latin America Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

13.5. Latin America PEST Analysis

CHAPTER 14. Middle East & Africa Machine Condition Monitoring Market By Country 

14.1. Middle East & Africa Machine Condition Monitoring Market Overview

14.2. GCC

14.2.1. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

14.2.2. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

14.2.3. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

14.2.4. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

14.2.5. GCC Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

14.3. South Africa

14.3.1. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

14.3.2. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

14.3.3. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

14.3.4. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

14.3.5. South Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

14.4. Rest of Middle East & Africa

14.4.1. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Technique, 2020-2032

14.4.2. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Monitoring Process, 2020-2032

14.4.3. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Component, 2020-2032

14.4.4. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By Deployment, 2020-2032

14.4.5. Rest of Middle East & Africa Machine Condition Monitoring Market Revenue (USD Billion) and Forecast By End-Use, 2020-2032

14.5. Middle East & Africa PEST Analysis

CHAPTER 15. Player Analysis Of Machine Condition Monitoring Market

15.1. Machine Condition Monitoring Market Company Share Analysis

15.2. Competition Matrix

15.2.1. Competitive Benchmarking of key players by product, presence, market share, and R&D investment

15.2.2. New Product Launches and Product Enhancements

15.2.3. Mergers And Acquisition In Global Machine Condition Monitoring Market

15.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 16. Company Profile

16.1. VeriFone, Inc.

16.1.1. Company Snapshot

16.1.2. Business Overview

16.1.3. Financial Overview

16.1.3.1. Revenue (USD Billion), 2022

16.1.3.2. VeriFone, Inc.2022 Machine Condition Monitoring Business Regional Distribution

16.1.4. Product /Service and Specification

16.1.5. Recent Developments & Business Strategy

16.2. ALS

16.3. Emerson Electric Co.

16.4. General Electric

16.5. Honeywell International Inc.

16.6. Megget PLC

16.7. National Instruments Corp.

16.8. Parker Hannifin

16.9. Rockwell Automation, Inc.

16.10. Schaeffler AG.

16.11. SKF AB

Frequently Asked Questions

What was the market size of the global machine condition monitoring in 2022?

The market size of machine condition monitoring was USD 2.8 Billion in 2022.

What is the CAGR of the global machine condition monitoring market during forecast period of 2023 to 2032?

The CAGR of machine condition monitoring market is 7.2% during the analysis period of 2023 to 2032.

Which are the key players operating in the market?

The key players operating in the global market are include ALS, Emerson Electric Co., General Electric, Honeywell International Inc., Megget PLC, National Instruments Corp., Parker Hannifin, Rockwell Automation, Inc., Schaeffler AG., and SKF AB.

Which region held the dominating position in the global machine condition monitoring market?

North America held the dominating position in machine condition monitoring market during the analysis period of 2023 to 2032.

Which region registered the fastest growing CAGR for the forecast period of 2023 to 2032?

Europe region exhibited fastest growing CAGR for machine condition monitoring market during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global machine condition monitoring market?

The current trends and dynamics in the machine condition monitoring industry include increasing demand for predictive maintenance, growing need for operational efficiency, and rising adoption of industrial automation.

Which component held the maximum share in 2022?

The hardware component held the maximum share of the machine condition monitoring market.

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