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Market Research Report

Global Machine Condition Monitoring Market 2020-2024

Published by TechNavio (Infiniti Research Ltd.) Product code 938069
Published Content info 120 Pages
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Global Machine Condition Monitoring Market 2020-2024
Published: May 15, 2020 Content info: 120 Pages
Description

Technavio has been monitoring the machine condition monitoring market and it is poised to grow by USD 573.83 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on machine condition monitoring market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increased investment in smart factory and power sector disruption and focus toward renewables. In addition, wireless communication gaining momentum in industries is anticipated to boost the growth of the market as well.

The machine condition monitoring market analysis includes the end-user segment and geographic landscape.

Technavio's ‘machine condition monitoring market ’ is segmented as below:

By End-user:

  • Energy and power industry
  • Cement and metal industry
  • Oil and gas industry
  • Chemical and petrochemical industry
  • Others

By Geographic Landscape:

  • North America
  • Europe
  • APAC
  • South America
  • MEA

This study identifies the improvement in sensor technology as one of the prime reasons driving the machine condition monitoring market growth during the next few years. Also, the emergence of integrated machine condition monitoring system and the growing application of data analytics and augmented reality in the oil and gas industry will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our machine condition monitoring market covers the following areas:

  • Machine condition monitoring market sizing
  • Machine condition monitoring market forecast
  • Machine condition monitoring market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine condition monitoring market vendors that include AB SKF, Emerson Electric Co., Fortive Corp., General Electric Co., Honeywell International Inc., Meggitt Plc, National Instruments Corp., Parker Hannifin Corp., Rockwell Automation Inc., and Schaeffler AG. Also, the machine condition monitoring market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Table of Contents
Product Code: IRTNTR43700

Table of Contents

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by end-user
  • Energy and power industry - Market size and forecast 2019-2024
  • Cement and metal industry - Market size and forecast 2019-2024
  • Oil and gas industry - Market size and forecast 2019-2024
  • Chemical and petrochemical industry - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by end-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB SKF
  • Emerson Electric Co.
  • Fortive Corp.
  • General Electric Co.
  • Honeywell International Inc.
  • Meggitt Plc
  • National Instruments Corp.
  • Parker Hannifin Corp.
  • Rockwell Automation Inc.
  • Schaeffler AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Exhibit

  • 1: Key Finding 1
  • 2: Key Finding 2
  • 3: Key Finding 3
  • 4: Key Finding 5
  • 5: Key Finding 6
  • 6: Key Finding 7
  • 7: Key Finding 8
  • 8: Parent market
  • 9: Market characteristics
  • 10: Offerings of vendors included in the market definition
  • 11: Market segments
  • 12: Global - Market size and forecast 2019 - 2024 ($ million)
  • 13: Global market: Year-over-year growth 2019 - 2024 (%)
  • 14: Five forces analysis 2019 & 2024
  • 15: Bargaining power of buyers
  • 16: Bargaining power of suppliers
  • 17: Threat of new entrants
  • 18: Threat of substitutes
  • 19: Threat of rivalry
  • 20: Market condition - Five forces 2019
  • 21: End user - Market share 2019-2024 (%)
  • 22: Comparison by End user
  • 23: Energy and power industry - Market size and forecast 2019-2024 ($ million)
  • 24: Energy and power industry - Year-over-year growth 2019-2024 (%)
  • 25: Cement and metal industry - Market size and forecast 2019-2024 ($ million)
  • 26: Cement and metal industry - Year-over-year growth 2019-2024 (%)
  • 27: Oil and gas industry - Market size and forecast 2019-2024 ($ million)
  • 28: Oil and gas industry - Year-over-year growth 2019-2024 (%)
  • 29: Chemical and petrochemical industry - Market size and forecast 2019-2024 ($ million)
  • 30: Chemical and petrochemical industry - Year-over-year growth 2019-2024 (%)
  • 31: Others - Market size and forecast 2019-2024 ($ million)
  • 32: Others - Year-over-year growth 2019-2024 (%)
  • 33: Market opportunity by End user
  • 34: Customer landscape
  • 35: Market share by geography 2019-2024 (%)
  • 36: Geographic comparison
  • 37: North America - Market size and forecast 2019-2024 ($ million)
  • 38: North America - Year-over-year growth 2019-2024 (%)
  • 39: Europe - Market size and forecast 2019-2024 ($ million)
  • 40: Europe - Year-over-year growth 2019-2024 (%)
  • 41: APAC - Market size and forecast 2019-2024 ($ million)
  • 42: APAC - Year-over-year growth 2019-2024 (%)
  • 43: South America - Market size and forecast 2019-2024 ($ million)
  • 44: South America - Year-over-year growth 2019-2024 (%)
  • 45: MEA - Market size and forecast 2019-2024 ($ million)
  • 46: MEA - Year-over-year growth 2019-2024 (%)
  • 47: Key leading countries
  • 48: Market opportunity by geography ($ million)
  • 49: Impact of drivers and challenges
  • 50: Vendor landscape
  • 51: Landscape disruption
  • 52: Industry risks
  • 53: Vendors covered
  • 54: Market positioning of vendors
  • 55: AB SKF - Overview
  • 56: AB SKF - Business segments
  • 57: AB SKF - Key offerings
  • 58: AB SKF - Key customers
  • 59: AB SKF - Segment focus
  • 60: Emerson Electric Co. - Overview
  • 61: Emerson Electric Co. - Business segments
  • 62: Emerson Electric Co. - Key offerings
  • 63: Emerson Electric Co. - Key customers
  • 64: Emerson Electric Co. - Segment focus
  • 65: Fortive Corp. - Overview
  • 66: Fortive Corp. - Business segments
  • 67: Fortive Corp. - Key offerings
  • 68: Fortive Corp. - Key customers
  • 69: Fortive Corp. - Segment focus
  • 70: General Electric Co. - Overview
  • 71: General Electric Co. - Business segments
  • 72: General Electric Co. - Key offerings
  • 73: General Electric Co. - Key customers
  • 74: General Electric Co. - Segment focus
  • 75: Honeywell International Inc. - Overview
  • 76: Honeywell International Inc. - Business segments
  • 77: Honeywell International Inc. - Key offerings
  • 78: Honeywell International Inc. - Key customers
  • 79: Honeywell International Inc. - Segment focus
  • 80: Meggitt Plc - Overview
  • 81: Meggitt Plc - Business segments
  • 82: Meggitt Plc - Key offerings
  • 83: Meggitt Plc - Key customers
  • 84: Meggitt Plc - Segment focus
  • 85: National Instruments Corp. - Overview
  • 86: National Instruments Corp. - Business segments
  • 87: National Instruments Corp. - Key offerings
  • 88: National Instruments Corp. - Key customers
  • 89: National Instruments Corp. - Segment focus
  • 90: Parker Hannifin Corp. - Overview
  • 91: Parker Hannifin Corp. - Business segments
  • 92: Parker Hannifin Corp. - Key offerings
  • 93: Parker Hannifin Corp. - Key customers
  • 94: Parker Hannifin Corp. - Segment focus
  • 95: Rockwell Automation Inc. - Overview
  • 96: Rockwell Automation Inc. - Business segments
  • 97: Rockwell Automation Inc. - Key offerings
  • 98: Rockwell Automation Inc. - Key customers
  • 99: Rockwell Automation Inc. - Segment focus
  • 100: Schaeffler AG - Overview
  • 101: Schaeffler AG - Business segments
  • 102: Schaeffler AG - Key offerings
  • 103: Schaeffler AG - Key customers
  • 104: Schaeffler AG - Segment focus
  • 105: Currency conversion rates for US$
  • 106: Research Methodology
  • 107: Validation techniques employed for market sizing
  • 108: Information sources
  • 109: List of abbreviations
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