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Global Machine Condition Monitoring Market 2018-2022

Published: Jan, 2018 | Pages: 125 | Publisher: Technavio
Industry: Automotive | Report Format: Electronic (PDF)

Global machine condition monitoring market is estimated to grow at a substantial CAGR of 4.20% during the period 2018-2022 as the scope, product types, and its applications are increasing across the globe. Colloquially, it is known as condition monitoring or CM. It is the procedure of monitoring outer and inner condition of machinery such as temperature, vibration, etc. It comprises condition monitoring apparatus, schedules, procedures, as well as methods for analysis procedures and data collection. 

The factors that propel the growth of the machine condition monitoring market include high use of wireless communication technology for condition monitoring of equipment, development of a secure cloud computing platform, and high preference towards end users for predictive maintenance. On the other hand, the factor that may hamper the growth of the market include high cost. 

Machine condition monitoring market may be explored by monitoring type, offering, application, and geography. Machine condition monitoring market may be explored by monitoring technique as oil analysis, thermography, vibration monitoring, corrosion monitoring, motor current analysis, and ultrasound emission monitoring. The “Motor Current Analysis” segment led the machine condition monitoring market in 2017 and is anticipated to maintain its dominance by 2022. The key factor that could be attributed to the growth includes high demand from the end-user application. 

Machine condition monitoring market could be explored based on offering as software and hardware. The “Software” segment led the machine condition monitoring market in 2017 and is anticipated to maintain its dominance by 2022. Machine condition monitoring market could be explored based on deployment type as cloud and on-premise. The “Cloud-Based Machine Condition Monitoring” segment led the machine condition monitoring market in 2017 and is anticipated to maintain its dominance by 2022. 

Machine condition monitoring market could be explored based on the monitoring process as portable condition monitoring and online condition monitoring. The “Online Condition Monitoring” segment led the machine condition monitoring market in 2017 and is anticipated to maintain its dominance by 2022. 

Machine condition monitoring market could be explored based on industry power generation, oil & gas, metals & mining, automotive, food & beverages, chemicals, aerospace & defense and others (paper & pulp, healthcare, cement, and semiconductor & electronics). The “Automotive Industry” segment led the machine condition monitoring market in 2017 and is anticipated to maintain its dominance by 2022 owing to high acceptance. 

Machine condition monitoring market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. The “North America” segment led the machine condition monitoring market in 2017 and is anticipated to maintain its dominance by 2022. The key factors that could be attributed to the growth include strict government regulations regarding safety, significantly growing automotive and aerospace industries and new power generation projects in the United States. North America is followed by the Asia-Pacific region.

The key players contributing to the robust growth of the machine condition monitoring market comprise Parker Kittiwake, National Instruments, Honeywell Process Solution, Rockwell Automation Emerson Process Management, Bruel & Kjaer Vibro GmbH, Fluke Corp, among many others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

About Machine Condition Monitoring

Machine condition monitoring is the process of monitoring the condition of a machine to predict mechanical wear and failure for the machine. The report considers machine condition monitoring systems used in or for plant equipment and machinery in a plant, plant facility, or field. the key vendors in the report are considered based on product offerings, latest development, new contracts, revenue, brand value, and industry offering. The end-user market segment includes power, cement and metal, oil and gas, chemical and petrochemical, pulp and paper, automotive, and other industries.

Technavio's analysts forecast the global machine condition monitoring market to grow at a CAGR of 4.20% during the period 2018-2022.

Covered in this report 

The report covers the present scenario and the growth prospects of the global machine condition monitoring market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

Technavio's report, Global Machine Condition Monitoring Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• Emerson Electric
• General Electric
• Honeywell International
• National Instruments
• Rockwell Automation
• SKF

Market driver 
• Wireless communication gaining momentum in industries
• For a full, detailed list, view our report 

Market challenge 
• Limited battery life for wireless devices
• For a full, detailed list, view our report 

Market trend 
• Improvement in sensor technology
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
 Table of Contents
PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: RESEARCH METHODOLOGY PART 04: INTRODUCTION • Market outline PART 05: MARKET LANDSCAPE • Market ecosystem • Market characteristics • Market segmentation analysis PART 06: MARKET SIZING • Market definition • Market sizing 2017 • Market size and forecast 2017-2022 PART 07: FIVE FORCES ANALYSIS • Bargaining power of buyers • Bargaining power of suppliers • Threat of new entrants • Threat of substitutes • Threat of rivalry • Market condition PART 08: MARKET SEGMENTATION BY TRANSPORTATION TYPE • Segmentation by transportation type • Comparison by transportation type • Road transportation - Market size and forecast 2017-2022 • Rail transportation - Market size and forecast 2017-2022 • Sea transportation - Market size and forecast 2017-2022 • Air transportation - Market size and forecast 2017-2022 • Market opportunity by transportation type PART 09: CUSTOMER LANDSCAPE • REGIONAL LANDSCAPE • Geographical segmentation • Regional comparison • US - Market size and forecast 2017-2022 • Canada - Market size and forecast 2017-2022 • Others - Market size and forecast 2017-2022 • Market opportunity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES • Market drivers • Market challenges PART 12: MARKET TRENDS • Developments in construction equipment industry • Increasing M&A in transport industry • Rising adoption of eco-friendly vehicles PART 13: VENDOR LANDSCAPE • Overview • Landscape disruption • Competitive scenario PART 14: VENDOR ANALYSIS • Vendors covered • Vendor classification • Market positioning of vendors • DSV • Expeditors International • BDP International • DB Schenker • Crowley Maritime Corporation • Amerijet International PART 15: APPENDIX • List of abbreviations
List of Exhibits
Exhibit 01: Dimensions of containers as standardized in ISO 668 Exhibit 02: Maximum authorized dimensions as per the European Commission 2017 Exhibit 03: Maximum authorized weight and axle load as per the European Commission 2017 Exhibit 04: List of Standard Documents required in oversized cargo transportation Exhibit 05: Parent market Exhibit 06: Global oversized cargo transportation market Exhibit 07: Market characteristics Exhibit 08: Market segments Exhibit 09: Market definition - Inclusions and exclusions checklist Exhibit 10: Market size 2017 Exhibit 11: Validation techniques employed for market sizing 2017 Exhibit 12: Market size and forecast 2017-2022 ($ bn) Exhibit 13: Year-over-year growth 2018-2022 (%) Exhibit 14: Five forces analysis 2017 Exhibit 15: Five forces analysis 2022 Exhibit 16: Bargaining power of buyers Exhibit 17: Bargaining power of suppliers Exhibit 18: Threat of new entrants Exhibit 19: Threat of substitutes Exhibit 20: Threat of rivalry Exhibit 21: Market condition - Five forces 2017 Exhibit 22: Application - Market share 2017-2022 (%) Exhibit 23: Comparison by transportation type Exhibit 24: Road transportation - Market size and forecast 2017-2022 ($ bn) Exhibit 25: Dimensions of trailers used to transport oversized cargo Exhibit 26: Road transportation - Year-over-year growth 2018-2022 (%) Exhibit 27: Rail transportation - Market size and forecast 2017-2022 ($ bn) Exhibit 28: Boxcar's specifications Exhibit 29: Rail transportation - Year-over-year growth 2018-2022 (%) Exhibit 30: Sea transportation - Market size and forecast 2017-2022 ($ bn) Exhibit 31: Sea transportation - Year-over-year growth 2018-2022 (%) Exhibit 32: Air transportation - Market size and forecast 2017-2022 ($ bn) Exhibit 33: Specifications of commonly used ULDs Exhibit 34: Air transportation - Year-over-year growth 2018-2022 (%) Exhibit 35: Market opportunity by transportation type Exhibit 36: Customer landscape Exhibit 37: Market share by geography 2017-2022 (%) Exhibit 38: Regional comparison Exhibit 39: US - Market size and forecast 2017-2022 ($ bn) Exhibit 40: US - Year-over-year growth 2018-2022 (%) Exhibit 41: Canada - Market size and forecast 2017-2022 ($ bn) Exhibit 42: Canada - Year-over-year growth 2018-2022 (%) Exhibit 43: Others - Market size and forecast 2017-2022 ($ bn) Exhibit 44: Others- Year-over-year growth 2018-2022 (%) Exhibit 45: Market opportunity Exhibit 46: Information technology tools used in the transportation and logistics industry Exhibit 47: Sections and regulations for overweight permits as per the Highway Traffic Act (Ontario) Exhibit 48: Vendor landscape Exhibit 49: Landscape disruption Exhibit 50: Vendors covered Exhibit 51: Vendor classification Exhibit 52: Market positioning of vendors Exhibit 53: DSV overview Exhibit 54: DSV - Business segments Exhibit 55: DSV - Organizational developments Exhibit 56: DSV - Geographic focus Exhibit 57: DSV - Segment focus Exhibit 58: DSV - Key offerings Exhibit 59: Expeditors International overview Exhibit 60: Expeditors International - Business segments Exhibit 61: Revenue by business segments Exhibit 62: Expeditors International - Organizational developments Exhibit 63: Expeditors International - Geographic focus Exhibit 64: Expeditors International - Segment focus Exhibit 65: Expeditors International - Key offerings Exhibit 66: BDP International overview Exhibit 67: BDP International: Business segments Exhibit 68: BDP International: Organizational developments Exhibit 69: BDP International: Geographic focus Exhibit 70: DB Schenker overview Exhibit 71: DB Schenker - Business segments Exhibit 72: DB Schenker - Organizational developments Exhibit 73: DB Schenker - Geographic focus Exhibit 74: DB Schenker - Segment focus Exhibit 75: DB Schenker - Key offerings Exhibit 76: Crowley Maritime Corporation overview Exhibit 77: Crowley Maritime Corporation - Business segments Exhibit 78: Crowley Maritime Corporation - Organizational developments Exhibit 79: Crowley Maritime Corporation - Segment focus Exhibit 80: Amerijet International overview Exhibit 81: Amerijet International - Business segments Exhibit 82: Amerijet International - Organizational developments Exhibit 83: Amerijet International - Geographic focus Exhibit 84: Amerijet International - Segment focus Exhibit 85: Amerijet International - Key offerings

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