Analysts’ Viewpoint on Machine Condition Monitoring Market Scenario
The emergence of advanced technologies to be used in the machine condition monitoring is expected to drive the global market during the forecast period. Key market players operating in the global machine condition monitoring market are adopting innovative strategies to pave their ways in the global market. Condition monitoring is used in the manufacturing sector to improve production efficiency and performance. The expansion of the machine condition monitoring market is majorly driven by increasing remote operations due to the rapid spread of COVID-19, booming wireless communication system, and popularity of cloud computing platforms. In addition, development of smart machineries, maintenance of industrial machinery, and adoption of automated condition monitoring technologies in industries are some of the other factors contributing to the market growth.
In machine condition monitoring, various parameters are monitored such as vibration measurement, current & voltage, position sensing, airflow, pressure, sound anomaly detection, speed & direction measurement, data processing, oil monitoring, and secured connection & authentication. Introduction and acceptance of advanced technologies such as ML and Big Data analytics are considered to be major growth drivers for the machine condition monitoring market during the forecast period. Big Data analytics are increasingly being used in machine condition monitoring due to its ability to process the large volumes of data.
There is an increasing demand for Industry 4.0 applications to enhance the operational performance of machineries. Due to the unavailability of skilled labors, there is an increasing demand for connected solutions. The growing adoption of automated systems and tools in various industries is expected to drive the expansion of the global machine condition monitoring market in the upcoming years. Condition monitoring systems are among key IIoT technologies driving Industry 4.0. These systems use predictive and cognitive analytics and ML to automate and streamline preventative maintenance. This method offers lower maintenance cost. There are increasing opportunities for manufacturers operating in the machine condition monitoring market during the forecast period.
Predictive maintenance is increasingly being adopted by various end-use industries to maintain machineries and reduce the risk of damage. It is a technique used in industries to monitor the condition of equipment to find out the correct time for maintenance of those machineries and equipment. Predictive maintenance is the innovative technique for predicting machine failure. Predictive maintenance uses various tools, and condition monitoring is one of them. The growing popularity of predictive maintenance is due to the emergence of smart factories across the globe.
Machine condition monitoring is the ability to check the health of a machine over a period of time. It can be used to increase the efficiency of equipment and boost the performance. It also includes wear & tear on parts, performance indications such as defective part output, usage information, and maintenance statistics. This has made manufacturers to improve productivity of tools and machineries by reducing cost. The manufacturing sector across the globe is also making use of predictive maintenance and machine condition monitoring for all the benefits it provides.
The COVID-19 pandemic across the globe has impacted the global economy. Many developed nations have imposed strict lockdowns, restriction on travel, etc. It has caused a majority of businesses across the globe to crumble, owing to halted production and manufacturing activities. This, in turn, is likely to pose a challenge for the global machine condition monitoring market. However, growth as remote operations across the globe during the COVID-19 pandemic is expected to create opportunities for market players in the machine condition monitoring market. There is an increasing demand for condition monitoring systems and solutions in the upcoming years. After the recovery from coronavirus, the machine condition monitoring market is projected to grow at a moderate rate as various market leaders are adopting innovating strategies to increase growth opportunities in the global machine condition monitoring market.
The increasing popularity of condition monitoring solutions is due to its ability to maximize production output through outage prevention, reduce maintenance costs through effective incident management, and extend the lifespan of the equipment through machine condition monitoring.
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Attribute |
Detail |
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Market Size Value in 2020 |
US$ 2,593.16 Mn |
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Market Forecast Value in 2031 |
US$ 5,068.11 Mn |
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Growth Rate (CAGR) |
6.3% |
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Forecast Period |
2021‒2031 |
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Quantitative Units |
US$ Mn for Value |
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Market Analysis |
It includes segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porters Five Forces analysis, supply chain analysis, parent industry overview, etc. |
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Competitive Landscape |
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Format |
Electronic (PDF) + Excel |
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Key Market Segments Covered |
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Regions Covered |
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Key Companies Profiled |
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Customization Scope |
Available upon Request |
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Pricing |
Available upon Request |
Machine Condition Monitoring Market – Segmentation
TMR’s study on the global machine condition monitoring market segments the market based on component, solution type, type, end-use industry, and region. Changing market trends and other crucial market dynamics associated with segments of the global machine condition monitoring market have been discussed in detail in TMR’s study.
| Component |
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| Type |
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| End-use Industry |
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Machine Condition Monitoring Market is projected to reach US$ 5 Bn by the end of 2031
Machine Condition Monitoring Market is expected to grow at a CAGR of 6.3% during 2021-2031
Machine Condition Monitoring Market is studied from 2021-2031
Key vendors in the Machine Condition Monitoring Market are Baker Hughes Company (US), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), National Instruments Corp. (US), SKF AB (Sweden), ALS Ltd. (Australia), Wilcoxon Sensing Technologies Inc. (US), Parker Hannifin Corp. (US), Rockwell Automation Inc. (US), Schaeffler AG (Germany), Bruel & Kjaer (Denmark), Symphony Industrial AI Inc. (US), and Banner Engineering Corp (US)
Asia Pacific and North America region Takes Lead in the Machine Condition Monitoring Market
1. Preface
1.1. Research Scope
1.2. Machine Condition Monitoring Market Overview
1.3. Market and Segments Definition
1.4. Market Taxonomy
1.5. Research Methodology
1.6. Assumption and Acronyms
2. Executive Summary
2.1. Global Machine Condition Monitoring Market Analysis and Forecast
2.2. Regional Outline
2.3. Market Dynamics Snapshot
2.4. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Key Market Indicator
3.3. Drivers
3.4. Restraints
3.5. Opportunities
3.6. Key Trends
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview – Condition Monitoring Industry Overview
4.2. Supply Chain Analysis
4.3. Industry SWOT Analysis
4.4. Porter Five Forces Analysis
4.5. COVID-19 Impact Analysis
5. Global Machine Condition Monitoring Market Analysis, by Component
5.1. Global Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Component, 2017‒2031
5.1.1. Hardware
5.1.2. Software
5.1.3. Services
5.2. Global Machine Condition Monitoring Market Attractiveness Analysis, by Component
6. Global Machine Condition Monitoring Market Analysis, by Type
6.1. Global Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031
6.1.1. Thermography
6.1.2. Vibration Monitoring
6.1.3. Lubrication Oil Monitoring
6.1.4. Acoustic Emission Monitoring
6.1.5. Ultrasound Monitoring
6.1.6. Corrosion Monitoring
6.1.7. Current Signature Monitoring
6.1.8. Others
6.2. Global Machine Condition Monitoring Market Attractiveness Analysis, by Type
7. Global Machine Condition Monitoring Market Analysis, by Solution Type
7.1. Global Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Solution Type, 2017‒2031
7.1.1. Online Monitoring
7.1.2. Integrated Monitoring
7.1.3. Continuous Remote Monitoring
7.1.4. Route Based Monitoring
7.1.5. Others
7.2. Global Machine Condition Monitoring Market Attractiveness Analysis, by Solution Type
8. Global Machine Condition Monitoring Market Analysis, by End-use Industry
8.1. Global Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031
8.1.1. Aerospace & Defense
8.1.2. Automotive
8.1.3. Oil & Gas
8.1.4. Metal and Mining
8.1.5. Marine
8.1.6. Food & Beverage
8.1.7. Chemicals
8.1.8. Others
8.2. Global Machine Condition Monitoring Market Attractiveness Analysis, by End-use Industry
9. Global Machine Condition Monitoring Market Analysis and Forecast, by Region
9.1. Global Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Region, 2017 – 2031
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Middle East & Africa
9.1.5. South America
9.2. Global Machine Condition Monitoring Market Attractiveness Analysis, by Region
10. North America Machine Condition Monitoring Market Analysis and Forecast
10.1. Market Snapshot
10.2. North America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Component, 2017‒2031
10.2.1. Hardware
10.2.2. Software
10.2.3. Services
10.3. North America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031
10.3.1. Thermography
10.3.2. Vibration Monitoring
10.3.3. Lubrication Oil Monitoring
10.3.4. Acoustic Emission Monitoring
10.3.5. Ultrasound Monitoring
10.3.6. Corrosion Monitoring
10.3.7. Current Signature Monitoring
10.3.8. Others
10.4. North America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Solution Type, 2017‒2031
10.4.1. Online Monitoring
10.4.2. Integrated Monitoring
10.4.3. Continuous Remote Monitoring
10.4.4. Route Based Monitoring
10.4.5. Others
10.5. North America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031
10.5.1. Aerospace & Defense
10.5.2. Automotive
10.5.3. Oil & Gas
10.5.4. Metal and Mining
10.5.5. Marine
10.5.6. Food & Beverage
10.5.7. Chemicals
10.5.8. Others
10.6. North America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017 – 2031
10.6.1. U.S.
10.6.2. Canada
10.6.3. Rest of North America
10.7. North America Machine Condition Monitoring Market Attractiveness Analysis
10.7.1. By Component
10.7.2. By Type
10.7.3. By solution Type
10.7.4. By End-use Industry
10.7.5. By Country & Sub-region
11. Europe Machine Condition Monitoring Market Analysis and Forecast
11.1. Market Snapshot
11.2. Europe Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Component, 2017‒2031
11.2.1. Hardware
11.2.2. Software
11.2.3. Services
11.3. Europe Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031
11.3.1. Thermography
11.3.2. Vibration Monitoring
11.3.3. Lubrication Oil Monitoring
11.3.4. Acoustic Emission Monitoring
11.3.5. Ultrasound Monitoring
11.3.6. Corrosion Monitoring
11.3.7. Current Signature Monitoring
11.3.8. Others
11.4. Europe Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Solution Type, 2017‒2031
11.4.1. Online Monitoring
11.4.2. Integrated Monitoring
11.4.3. Continuous Remote Monitoring
11.4.4. Route Based Monitoring
11.4.5. Others
11.5. Europe Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031
11.5.1. Aerospace & Defense
11.5.2. Automotive
11.5.3. Oil & Gas
11.5.4. Metal and Mining
11.5.5. Marine
11.5.6. Food & Beverage
11.5.7. Chemicals
11.5.8. Others
11.6. Europe Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017‒2031
11.6.1. U.K.
11.6.2. Germany
11.6.3. France
11.6.4. Rest of Europe
11.7. Europe Machine Condition Monitoring Market Attractiveness Analysis
11.7.1. By Component
11.7.2. By Type
11.7.3. By solution Type
11.7.4. By End-use Industry
11.7.5. By Country & Sub-region
12. Asia Pacific Machine Condition Monitoring Market Analysis and Forecast
12.1. Market Snapshot
12.2. Asia Pacific Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Component, 2017‒2031
12.2.1. Hardware
12.2.2. Software
12.2.3. Services
12.3. Asia Pacific Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031
12.3.1. Thermography
12.3.2. Vibration Monitoring
12.3.3. Lubrication Oil Monitoring
12.3.4. Acoustic Emission Monitoring
12.3.5. Ultrasound Monitoring
12.3.6. Corrosion Monitoring
12.3.7. Current Signature Monitoring
12.3.8. Others
12.4. Asia Pacific Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Solution Type, 2017‒2031
12.4.1. Online Monitoring
12.4.2. Integrated Monitoring
12.4.3. Continuous Remote Monitoring
12.4.4. Route Based Monitoring
12.4.5. Others
12.5. Asia Pacific Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031
12.5.1. Aerospace & Defense
12.5.2. Automotive
12.5.3. Oil & Gas
12.5.4. Metal and Mining
12.5.5. Marine
12.5.6. Food & Beverage
12.5.7. Chemicals
12.5.8. Others
12.6. Asia Pacific Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017‒2031
12.6.1. China
12.6.2. India
12.6.3. Japan
12.6.4. South Korea
12.6.5. ASEAN
12.6.6. Rest of Asia Pacific
12.7. Asia Pacific Machine Condition Monitoring Market Attractiveness Analysis
12.7.1. By Component
12.7.2. By Type
12.7.3. By Solution Type
12.7.4. By End-use Industry
12.7.5. By Country & Sub-region
13. Middle East & Africa (MEA) Machine Condition Monitoring Market Analysis and Forecast
13.1. Market Snapshot
13.2. MEA Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Component, 2017‒2031
13.2.1. Hardware
13.2.2. Software
13.2.3. Services
13.3. MEA Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031
13.3.1. Thermography
13.3.2. Vibration Monitoring
13.3.3. Lubrication Oil Monitoring
13.3.4. Acoustic Emission Monitoring
13.3.5. Ultrasound Monitoring
13.3.6. Corrosion Monitoring
13.3.7. Current Signature Monitoring
13.3.8. Others
13.4. MEA Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031
13.4.1. Aerospace & Defense
13.4.2. Automotive
13.4.3. Oil & Gas
13.4.4. Metal and Mining
13.4.5. Marine
13.4.6. Food & Beverage
13.4.7. Chemicals
13.4.8. Others
13.5. MEA Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Solution Type, 2017‒2031
13.5.1. Online Monitoring
13.5.2. Integrated Monitoring
13.5.3. Continuous Remote Monitoring
13.5.4. Route Based Monitoring
13.5.5. Others
13.6. MEA Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017‒2031
13.6.1. GCC
13.6.2. South Africa
13.6.3. Rest of Middle East & Africa
13.7. MEA Machine Condition Monitoring Market Attractiveness Analysis
13.7.1. By Component
13.7.2. By Type
13.7.3. By Solution Type
13.7.4. By End-use Industry
13.7.5. By Country & Sub-region
14. South America Machine Condition Monitoring Market Analysis and Forecast
14.1. Market Snapshot
14.2. South America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Component, 2017‒2031
14.2.1. Hardware
14.2.2. Software
14.2.3. Services
14.3. South America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031
14.3.1. Thermography
14.3.2. Vibration Monitoring
14.3.3. Lubrication Oil Monitoring
14.3.4. Acoustic Emission Monitoring
14.3.5. Ultrasound Monitoring
14.3.6. Corrosion Monitoring
14.3.7. Current Signature Monitoring
14.3.8. Others
14.4. South America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Solution Type, 2017‒2031
14.4.1. Online Monitoring
14.4.2. Integrated Monitoring
14.4.3. Continuous Remote Monitoring
14.4.4. Route Based Monitoring
14.4.5. Others
14.5. South America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by End-use Industry, 2017‒2031
14.5.1. Aerospace & Defense
14.5.2. Automotive
14.5.3. Oil & Gas
14.5.4. Metal and Mining
14.5.5. Marine
14.5.6. Food & Beverage
14.5.7. Chemicals
14.5.8. Others
14.6. South America Machine Condition Monitoring Market Size (US$ Mn) Analysis & Forecast, by Country & Sub-region, 2017‒2031
14.6.1. Brazil
14.6.2. Rest of South America
14.7. South America Machine Condition Monitoring Market Attractiveness Analysis
14.7.1. By Component
14.7.2. By Type
14.7.3. By Solution Type
14.7.4. By End-use Industry
14.7.5. By Country & Sub-region
15. Competition Assessment
15.1. Global Machine Condition Monitoring Market Competition Matrix - a Dashboard View
15.2. Global Machine Condition Monitoring Market Company Share Analysis, by Value (2020)
16. Company Profiles (Manufacturers/Suppliers)
16.1. ALS Ltd. (Australia)
16.1.1. Overview
16.1.2. Product Portfolio
16.1.3. Sales Footprint
16.1.4. Key Subsidiaries or Distributors
16.1.5. Strategy and Recent Developments
16.1.6. Key Financials
16.2. Baker Hughes Company (US)
16.2.1. Overview
16.2.2. Product Portfolio
16.2.3. Sales Footprint
16.2.4. Key Subsidiaries or Distributors
16.2.5. Strategy and Recent Developments
16.2.6. Key Financials
16.3. Banner Engineering Corp (US)
16.3.1. Overview
16.3.2. Product Portfolio
16.3.3. Sales Footprint
16.3.4. Key Subsidiaries or Distributors
16.3.5. Strategy and Recent Developments
16.3.6. Key Financials
16.4. Bruel & Kjaer (Denmark)
16.4.1. Overview
16.4.2. Product Portfolio
16.4.3. Sales Footprint
16.4.4. Key Subsidiaries or Distributors
16.4.5. Strategy and Recent Developments
16.4.6. Key Financials
16.5. Emerson Electric Co. (US)
16.5.1. Overview
16.5.2. Product Portfolio
16.5.3. Sales Footprint
16.5.4. Key Subsidiaries or Distributors
16.5.5. Strategy and Recent Developments
16.5.6. Key Financials
16.6. General Electric Co. (US)
16.6.1. Overview
16.6.2. Product Portfolio
16.6.3. Sales Footprint
16.6.4. Key Subsidiaries or Distributors
16.6.5. Strategy and Recent Developments
16.6.6. Key Financials
16.7. Honeywell International Inc. (US)
16.7.1. Overview
16.7.2. Product Portfolio
16.7.3. Sales Footprint
16.7.4. Key Subsidiaries or Distributors
16.7.5. Strategy and Recent Developments
16.7.6. Key Financials
16.8. National Instruments Corp. (US)
16.8.1. Overview
16.8.2. Product Portfolio
16.8.3. Sales Footprint
16.8.4. Key Subsidiaries or Distributors
16.8.5. Strategy and Recent Developments
16.8.6. Key Financials
16.9. Parker Hannifin Corp. (US)
16.9.1. Overview
16.9.2. Product Portfolio
16.9.3. Sales Footprint
16.9.4. Key Subsidiaries or Distributors
16.9.5. Strategy and Recent Developments
16.9.6. Key Financials
16.10. Rockwell Automation Inc. (US)
16.10.1. Overview
16.10.2. Product Portfolio
16.10.3. Sales Footprint
16.10.4. Key Subsidiaries or Distributors
16.10.5. Strategy and Recent Developments
16.10.6. Key Financials
16.11. Schaeffler AG (Germany)
16.11.1. Overview
16.11.2. Product Portfolio
16.11.3. Sales Footprint
16.11.4. Key Subsidiaries or Distributors
16.11.5. Strategy and Recent Developments
16.11.6. Key Financials
16.12. SKF AB (Sweden)
16.12.1. Overview
16.12.2. Product Portfolio
16.12.3. Sales Footprint
16.12.4. Key Subsidiaries or Distributors
16.12.5. Strategy and Recent Developments
16.12.6. Key Financials
16.13. Symphony Industrial AI Inc. (US)
16.13.1. Overview
16.13.2. Product Portfolio
16.13.3. Sales Footprint
16.13.4. Key Subsidiaries or Distributors
16.13.5. Strategy and Recent Developments
16.13.6. Key Financials
16.14. Wilcoxon Sensing Technologies Inc. (US)
16.14.1. Overview
16.14.2. Product Portfolio
16.14.3. Sales Footprint
16.14.4. Key Subsidiaries or Distributors
16.14.5. Strategy and Recent Developments
16.14.6. Key Financials
17. Recommendation
17.1. Opportunity Assessment
17.1.1. By Component
17.1.2. By Type
17.1.3. By Solution Type
17.1.4. By End-use Industry
17.1.5. By Region
List of Tables
Table 1: Global Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Component, 2017‒2031
Table 2: Global Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Type, 2017‒2031
Table 3: Global Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Solution Type, 2017‒2031
Table 4: Global Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2031
Table 5: Global Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Region, 2017‒2031
Table 6: North America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Component, 2017‒2031
Table 7: North America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Type, 2017‒2031
Table 8: North America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Solution Type, 2017‒2031
Table 9: North America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2031
Table 10: North America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Region, 2017‒2031
Table 11: Europe Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Component, 2017‒2031
Table 12: Europe Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Type, 2017‒2031
Table 13: Europe Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Solution Type, 2017‒2031
Table 14: Europe Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2031
Table 15: Europe Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Region, 2017‒2031
Table 16: Asia Pacific Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Component, 2017‒2031
Table 17: Asia Pacific Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Type, 2017‒2031
Table 18: Asia Pacific Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Solution Type, 2017‒2031
Table 19: Asia Pacific Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2031
Table 20: Asia Pacific Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Region, 2017‒2031
Table 21: Middle East and Africa Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Component, 2017‒2031
Table 22: Middle East and Africa Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Type, 2017‒2031
Table 23: Middle East and Africa Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Solution Type, 2017‒2031
Table 24: Middle East and Africa Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2031
Table 25: Middle East and Africa Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Region, 2017‒2031
Table 26: South America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Component, 2017‒2031
Table 27: South America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Type, 2017‒2031
Table 28: South America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Solution Type, 2017‒2031
Table 29: South America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2031
Table 30: South America Machine Condition Monitoring Market Value (US$ Mn) & Forecast, by Region, 2017‒2031
List of Figures
Figure 01: Global Machine Condition Monitoring Market Size & Forecast, Value (US$ Mn), 2017‒2031
Figure 02: Global Machine Condition Monitoring Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017‒2031
Figure 03: Global Machine Condition Monitoring Market Projections by Component Value (US$ Mn), 2017‒2031
Figure 04: Global Machine Condition Monitoring Market, Incremental Opportunity, by Component, 2021‒2031
Figure 05: Global Machine Condition Monitoring Market Share Analysis, by Component, 2021 and 2031
Figure 06: Global Machine Condition Monitoring Market Projections by Type, Value (US$ Mn), 2017‒2031
Figure 07: Global Machine Condition Monitoring Market, Incremental Opportunity, by Type, 2021‒2031
Figure 08: Global Machine Condition Monitoring Market Share Analysis, by Type, 2021 and 2031
Figure 09: Global Machine Condition Monitoring Market Projections by Solution Type, Value (US$ Mn), 2017‒2031
Figure 10: Global Machine Condition Monitoring Market, Incremental Opportunity, by Solution Type, 2021‒2031
Figure 11: Global Machine Condition Monitoring Market Share Analysis, by Solution Type, 2021 and 2031
Figure 12: Global Machine Condition Monitoring Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031
Figure 13: Global Machine Condition Monitoring Market, Incremental Opportunity, by End-use Industry, 2021‒2031
Figure 14: Global Machine Condition Monitoring Market Share Analysis, by End-use Industry, 2021 and 2031
Figure 15: Global Machine Condition Monitoring Market Projections by Country and sub-region, Value (US$ Mn), 2017‒2031
Figure 16: Global Machine Condition Monitoring Market, Incremental Opportunity, by Country and sub-region, 2021‒2031
Figure 17: Global Machine Condition Monitoring Market Share Analysis, by Country and sub-region 2021 and 2031
Figure 18: North America Machine Condition Monitoring Market Size & Forecast, Value (US$ Mn), 2017‒2031
Figure 19: North America Machine Condition Monitoring Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017‒2031
Figure 20: North America Machine Condition Monitoring Market Projections by Component Value (US$ Mn), 2017‒2031
Figure 21: North America Machine Condition Monitoring Market, Incremental Opportunity, by Component, 2021‒2031
Figure 22: North America Machine Condition Monitoring Market Share Analysis, by Component, 2021 and 2031
Figure 23: North America Machine Condition Monitoring Market Projections by Type, Value (US$ Mn), 2017‒2031
Figure 24: North America Machine Condition Monitoring Market, Incremental Opportunity, by Type, 2021‒2031
Figure 25: North America Machine Condition Monitoring Market Share Analysis, by Type, 2021 and 2031
Figure 26: North America Machine Condition Monitoring Market Projections by Solution Type, Value (US$ Mn), 2017‒2031
Figure 27: North America Machine Condition Monitoring Market, Incremental Opportunity, by Solution Type, 2021‒2031
Figure 28: North America Machine Condition Monitoring Market Share Analysis, by Solution Type, 2021 and 2031
Figure 29: North America Machine Condition Monitoring Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031
Figure 30: North America Machine Condition Monitoring Market, Incremental Opportunity, by End-use Industry, 2021‒2031
Figure 31: North America Machine Condition Monitoring Market Share Analysis, by End-use Industry, 2021 and 2031
Figure 32: North America Machine Condition Monitoring Market Projections by Country and sub-region, Value (US$ Mn), 2017‒2031
Figure 33: North America Machine Condition Monitoring Market, Incremental Opportunity, by Country and sub-region, 2021‒2031
Figure 34: North America Machine Condition Monitoring Market Share Analysis, by Country and sub-region 2021 and 2031
Figure 35: Europe Machine Condition Monitoring Market Size & Forecast, Value (US$ Mn), 2017‒2031
Figure 36: Europe Machine Condition Monitoring Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017‒2031
Figure 37: Europe Machine Condition Monitoring Market Projections by Component Value (US$ Mn), 2017‒2031
Figure 38: Europe Machine Condition Monitoring Market, Incremental Opportunity, by Component, 2021‒2031
Figure 39: Europe Machine Condition Monitoring Market Share Analysis, by Component, 2021 and 2031
Figure 40: Europe Machine Condition Monitoring Market Projections by Type, Value (US$ Mn), 2017‒2031
Figure 41: Europe Machine Condition Monitoring Market, Incremental Opportunity, by Type, 2021‒2031
Figure 42: Europe Machine Condition Monitoring Market Share Analysis, by Type, 2021 and 2031
Figure 43: Europe Machine Condition Monitoring Market Projections by Solution Type, Value (US$ Mn), 2017‒2031
Figure 44: Europe Machine Condition Monitoring Market, Incremental Opportunity, by Solution Type, 2021‒2031
Figure 45: Europe Machine Condition Monitoring Market Share Analysis, by Solution Type, 2021 and 2031
Figure 46: Europe Machine Condition Monitoring Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031
Figure 47: Europe Machine Condition Monitoring Market, Incremental Opportunity, by End-use Industry, 2021‒2031
Figure 48: Europe Machine Condition Monitoring Market Share Analysis, by End-use Industry, 2021 and 2031
Figure 49: Europe Machine Condition Monitoring Market Projections by Country and sub-region, Value (US$ Mn), 2017‒2031
Figure 50: Europe Machine Condition Monitoring Market, Incremental Opportunity, by Country and sub-region, 2021‒2031
Figure 51: Europe Machine Condition Monitoring Market Share Analysis, by Country and sub-region 2021 and 2031
Figure 52: Asia Pacific Machine Condition Monitoring Market Size & Forecast, Value (US$ Mn), 2017‒2031
Figure 53: Asia Pacific Machine Condition Monitoring Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017‒2031
Figure 54: Asia Pacific Machine Condition Monitoring Market Projections by Component Value (US$ Mn), 2017‒2031
Figure 55: Asia Pacific Machine Condition Monitoring Market, Incremental Opportunity, by Component, 2021‒2031
Figure 56: Asia Pacific Machine Condition Monitoring Market Share Analysis, by Component, 2021 and 2031
Figure 57: Asia Pacific Machine Condition Monitoring Market Projections by Type, Value (US$ Mn), 2017‒2031
Figure 58: Asia Pacific Machine Condition Monitoring Market, Incremental Opportunity, by Type, 2021‒2031
Figure 59: Asia Pacific Machine Condition Monitoring Market Share Analysis, by Type, 2021 and 2031
Figure 60: Asia Pacific Machine Condition Monitoring Market Projections by Solution Type, Value (US$ Mn), 2017‒2031
Figure 61: Asia Pacific Machine Condition Monitoring Market, Incremental Opportunity, by Solution Type, 2021‒2031
Figure 62: Asia Pacific Machine Condition Monitoring Market Share Analysis, by Solution Type, 2021 and 2031
Figure 63: Asia Pacific Machine Condition Monitoring Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031
Figure 64: Asia Pacific Machine Condition Monitoring Market, Incremental Opportunity, by End-use Industry, 2021‒2031
Figure 65: Asia Pacific Machine Condition Monitoring Market Share Analysis, by End-use Industry, 2021 and 2031
Figure 66: Asia Pacific Machine Condition Monitoring Market Projections by Country and sub-region, Value (US$ Mn), 2017‒2031
Figure 67: Asia Pacific Machine Condition Monitoring Market, Incremental Opportunity, by Country and sub-region, 2021‒2031
Figure 68: Asia Pacific Machine Condition Monitoring Market Share Analysis, by Country and sub-region 2021 and 2031
Figure 69: MEA Machine Condition Monitoring Market Size & Forecast, Value (US$ Mn), 2017‒2031
Figure 70: MEA Machine Condition Monitoring Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017‒2031
Figure 71: MEA Machine Condition Monitoring Market Projections by Component Value (US$ Mn), 2017‒2031
Figure 72: MEA Machine Condition Monitoring Market, Incremental Opportunity, by Component, 2021‒2031
Figure 73: MEA Machine Condition Monitoring Market Share Analysis, by Component, 2021 and 2031
Figure 74: MEA Machine Condition Monitoring Market Projections by Type, Value (US$ Mn), 2017‒2031
Figure 75: MEA Machine Condition Monitoring Market, Incremental Opportunity, by Type, 2021‒2031
Figure 76: MEA Machine Condition Monitoring Market Share Analysis, by Type, 2021 and 2031
Figure 77: MEA Machine Condition Monitoring Market Projections by Solution Type, Value (US$ Mn), 2017‒2031
Figure 78: MEA Machine Condition Monitoring Market, Incremental Opportunity, by Solution Type, 2021‒2031
Figure 79: MEA Machine Condition Monitoring Market Share Analysis, by Solution Type, 2021 and 2031
Figure 80: MEA Machine Condition Monitoring Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031
Figure 81: MEA Machine Condition Monitoring Market, Incremental Opportunity, by End-use Industry, 2021‒2031
Figure 82: MEA Machine Condition Monitoring Market Share Analysis, by End-use Industry, 2021 and 2031
Figure 83: MEA Machine Condition Monitoring Market Projections by Country and sub-region, Value (US$ Mn), 2017‒2031
Figure 84: MEA Machine Condition Monitoring Market, Incremental Opportunity, by Country and sub-region, 2021‒2031
Figure 85: MEA Machine Condition Monitoring Market Share Analysis, by Country and sub-region 2021 and 2031
Figure 86: South America Machine Condition Monitoring Market Size & Forecast, Value (US$ Mn), 2017‒2031
Figure 87: South America Machine Condition Monitoring Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017‒2031
Figure 88: South America Machine Condition Monitoring Market Projections by Component Value (US$ Mn), 2017‒2031
Figure 89: South America Machine Condition Monitoring Market, Incremental Opportunity, by Component, 2021‒2031
Figure 90: South America Machine Condition Monitoring Market Share Analysis, by Component, 2021 and 2031
Figure 91: South America Machine Condition Monitoring Market Projections by Type, Value (US$ Mn), 2017‒2031
Figure 92: South America Machine Condition Monitoring Market, Incremental Opportunity, by Type, 2021‒2031
Figure 93: South America Machine Condition Monitoring Market Share Analysis, by Type, 2021 and 2031
Figure 94: South America Machine Condition Monitoring Market Projections by Solution Type, Value (US$ Mn), 2017‒2031
Figure 95: South America Machine Condition Monitoring Market, Incremental Opportunity, by Solution Type, 2021‒2031
Figure 96: South America Machine Condition Monitoring Market Share Analysis, by Solution Type, 2021 and 2031
Figure 97: South America Machine Condition Monitoring Market Projections by End-use Industry, Value (US$ Mn), 2017‒2031
Figure 98: South America Machine Condition Monitoring Market, Incremental Opportunity, by End-use Industry, 2021‒2031
Figure 99: South America Machine Condition Monitoring Market Share Analysis, by End-use Industry, 2021 and 2031
Figure 100: South America Machine Condition Monitoring Market Projections by Country and sub-region, Value (US$ Mn), 2017‒2031
Figure 101: South America Machine Condition Monitoring Market, Incremental Opportunity, by Country and sub-region, 2021‒2031
Figure 102: South America Machine Condition Monitoring Market Share Analysis, by Country and sub-region 2021 and 2031
Figure 103: Global Machine Condition Monitoring Market Company Share Analysis
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Machine Condition Monitoring Market
