Report overview
Mechanical condition monitoring refers to the inspection and monitoring of the working state of the whole or its parts of the mechanical equipment in operation to determine whether the operation is normal, whether there are signs of abnormality and deterioration, or to track the abnormal situation, predict the trend of deterioration, determine the degree of deterioration and wear.
This report contains market size and forecasts of Machine Condition Monitoring Systems in Global, including the following market information:
Global Machine Condition Monitoring Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Machine Condition Monitoring Systems market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Online Machine Monitoring Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Machine Condition Monitoring Systems include Emerson Electric, General Electric, Honeywell International, National Instruments, Bruel & Kjaer Vibro, Parker Hannifin Corp., Rockwell Automation, Schaeffler and Azima DLI, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Machine Condition Monitoring Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Machine Condition Monitoring Systems Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Machine Condition Monitoring Systems Market Segment Percentages, by Type, 2021 (%)
Online Machine Monitoring
Portable Machine Monitoring
Others
Global Machine Condition Monitoring Systems Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Machine Condition Monitoring Systems Market Segment Percentages, by Application, 2021 (%)
Energy & Power
Oil And Gas
Electronics And Semiconductors
Metals And Mining
Chemical Products
Automobile
Aerospace And Defense
Food And Drink
Marine Corps
Other
Global Machine Condition Monitoring Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Machine Condition Monitoring Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Machine Condition Monitoring Systems revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Machine Condition Monitoring Systems revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Emerson Electric
General Electric
Honeywell International
National Instruments
Bruel & Kjaer Vibro
Parker Hannifin Corp.
Rockwell Automation
Schaeffler
Azima DLI
SKF AB
ALS
Meggitt PLC
Keygo Tech
