Machine Condition Monitoring Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Mechanical condition monitoring: check and monitor the working condition of the whole or parts of the machinery equipment in operation to determine whether it operates normally and whether there are signs of abnormality and deterioration.

North America held the largest share of the machine condition monitoring market in 2017 owing to the presence of major machine condition monitoring vendors and high focus on optimum asset utilization.

The global Machine Condition Monitoring market size is projected to reach US$ 2687.1 million by 2027, from US$ 2148.5 million in 2020, at a CAGR of 3% during 2021-2027.

Following are the segments covered by the report are:

• Thermal Imaging
• Lubricating Oil Analysis
• Corrosion Monitoring
• Ultrasonic Irradiation
• Motor Current Precursor Analysis

By Application:

• Oil
• Power Generation
• Mining
• Chemical
• Aerospace
• Food
• Other

The Key manufacturers that are operating in the global Machine Condition Monitoring market are:

• National Instruments
• Skf
• Meggitt
• Parker Hannifin
• Rockwell Automation
• Schaeffler
• Azima Dli
• Bruel & Kjaer
• Fluke Corporation
• Pruftechnik Dieter Busch
• Pcb Piezotronics

Scope of the Report

The research study analyzes the global Machine Condition Monitoring industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Machine Condition Monitoring Market Report

1. What was the Machine Condition Monitoring Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Machine Condition Monitoring Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Machine Condition Monitoring Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.