Machine Condition Monitoring Market Size, and Analysis 2027

    Machine Condition Monitoring Market to 2027 - COVID-19 Impact and Global Analysis and Forecasts by Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission, and Motor Current Analysis); Offering (Hardware and Software); Deployment (On Premise and Cloud); Monitoring Process (Online Condition Monitoring and Portable Condition Monitoring); and Industry (Oil & Gas, Power Generation, Automotive, Aerospace & Defense, Food & Beverage, Manufacturing and Others)

    Publication Month: Apr 2020 | Report Code: TIPRE00002931 | No. of Pages: 186 | Category: Electronics and Semiconductor | Status: Published

    The Machine Condition Monitoring market was valued at US$ 2,640.0 million in 2019 and is projected to reach US$ 3,922.0 million by 2027; it is expected to grow at a CAGR of 5.1% from 2020 to 2027.

    Global industrialization is monumental, and the pace of manufacturing is climbing at a rapid rate over the years. The continuous growth in the number of manufacturing facilities across the globe is reflecting the rise in demand for condition monitoring. The intensifying competition across industries around the world is leading the manufacturers to increase their outputs with greater efficiency. The manufacturers are increasingly focusing on analyzing the health and operability of each asset, which is enabling the manufacturers to grow productivity and earn profit. Modern machinery operates with the help of numerous smaller parts and components, which wear down, get damaged, and even fail to function over a period. Rotating parts of motors, fans, engines, and several bearing types are common causes of failure. This is because the rotating parts are constantly moving, and their persistent motion is essential for the machine to be operational. However, continually moving and external particles such as dirt or moisture lead them to slow down and sometimes result in failure. Pertaining to this, the demand for condition-monitoring techniques are soaring, which is boosting the machine condition monitoring market. The objective of integrating machinery with machine condition monitoring solutions is to analyze and actively improve the performance of the machinery. The condition monitoring solutions offered by the providers allow the end users to optimize rotating machinery health. Condition monitoring involves the application of specific hardware, software, or a combination of the two to gather and report data about the performance of various machines. The growth in demand for condition monitoring is directly proportional to an increase in manufacturing facilities. This factor is catalyzing the growth of the machine condition monitoring market. The usage of condition monitoring solutions enables manufacturers and maintenance staff to easily identify the problem in a machine and act according to the intensity of the issue. This reduces the time associated with the identification of the issue manually, also the downtime cost, thereby resulting in optimized productivity. The industrial sector across the globe are heavily emphasizing on condition monitoring and diagnostics within respective manufacturing facilities to determine critical parameters such as vibration, noise, and temperature. Continuous monitoring of machines using advanced technologies facilitates the manufacturers to increase their productivity and gain profit. The growing demand for condition monitoring solutions across industries is throttling the growth of machine condition monitoring market.

    North America dominated the machine condition monitoring market, followed by Europe and the Asia-Pacific. The dominance of North America is majorly attributed to the presence of large industrial sectors in the US, Canada, and Mexico. The US accounts for the largest share in the region, which is attributable to the existence of well-established and emerging condition monitoring solution providers. Additionally, the country dominates the region with the power of a significantly higher number of manufacturing facilities across its borders. Canadian manufacturers also showcase a similar trend. This has led to the adoption of a significantly higher volume of condition monitoring solutions. However, as the lifespan of the monitoring hardware is longer, the demand for the same is limited to new manufacturing plants. This is expected to slow down the year-on-year growth of the machine condition monitoring market in the region. Europe and APAC compete closely to gain market share; however, Asia-Pacific is expected to grow at a prime rate during the forecast period as Europe and APAC are witnessing a rise in the number of new manufacturing plants across countries. The rise in the expansion of manufacturing facilities positively impacts the machine condition monitoring market as the manufacturers in these regions are aware of the benefits of condition monitoring solutions. The APAC region is estimated to be the fastest-growing region, owing to the tremendous growth of industrialization across China, India, Japan, and South Korea. Numerous large enterprises and SMEs are expanding respective manufacturing facilities, which is demanding condition monitoring solutions, which is raising the revenue shares of the machine condition monitoring market in the region. The MEA and SAM regions are also contributing a significant amount of revenue and volume in the machine condition monitoring market. As the regions are experiencing urbanization and growth in foreign direct investments (FDI), the regional governments and several private manufacturers are spending substantial percentages of budgets towards the adoption of advanced technologies for analyzing machine health. The increasing awareness related to the benefits of condition monitoring is showcasing the growth of machine condition monitoring market in these two regions.

    Lucrative Regions for Machine Condition Monitoring Market

    Lucrative Regions for Machine Condition Monitoring Market

    Get more information on this report :


    Market Insights

    Increasing Demand for Automated Solutions in Manufacturing Facilities

    The rate of adoption of automated technologies for manufacturing purposes in developed countries has surged over the years. This has led the countries to experience the growth of smart factories. The countries with a significantly higher number of manufacturing facilities include the US, China, Canada, the UK, Germany, Japan, and France, among others, are continually seeking automated technologies in manufacturing facilities across industries. With the continuously rising demand for production across industries, the expansion of manufacturing facilities is one of the crucial strategies adopted by the manufacturers. The growing number of manufacturing facilities positively impacts the demand for automated solutions as new and technologically advanced machinery requires constant monitoring of components during operation.

    Monitoring Technique-Based Market Insights

    Based on the monitoring technique, the market is segmented into a Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission, and Motor Current Analysis. Presently, predictive maintenance, as well as condition monitoring of machines, are requirements for every company wherein machinery is critical for attaining production goals. Further, the company needs to identify the cost-effectiveness and benefits of various machine condition monitoring for achieving its goals and objectives. Every technique is limited to specific machinery types and for identifying particular types of problems. Moreover, these techniques also deliver distinct short term and long term economic benefits.

    Offering -Based Market Insights

    Based on offering, the market is segmented into hardware and software. The hardware manufacturers strive hard to innovate and develop robust sensors and other systems that facilitate the end users to analyze the health of machinery remotely. The different types of hardware offered by the manufacturers include vibration sensors, proximity probes, tachometer, infrared sensors, spectrometer, ultrasound detectors, corrosion probe, and others. On the other hand, the software providers offer robust software that helps the end users with an analysis of the faulty components, which then facilitate the end users to prioritize the maintenance of the components.

    Monitoring Process – Based Market Insights

    Based on the monitoring process, the market is segmented into Online Condition Monitoring and Portable Condition Monitoring. In several cases, an organized, portable program is suitable. However, in some other situations, where equipment is difficult to reach, unreachable, or placed in an unsafe or hazardous zone, permanent deployment of sensors and surveillance hardware is essential. Basic aims for such a maintenance program are to reduce failures, minimize downtime, and to moderate costs. A portable monitoring process is sometimes referred to as ‘offline monitoring.

    Industry – Based Market Insights

    Based on industry, the market is segmented into the Oil & Gas, Power Generation, Automotive, Aerospace & Defense, Food & Beverage, Manufacturing and Others. The demand for machine condition monitoring solutions is escalating among several industries as these solutions enable the manufacturers and maintenance staff to analyze the functionality of machines regularly. The condition monitoring solutions also helps industries to reduce downtime cost associated with failure of machines, also reduces the risk of loss of productivity. The industries using rotating machines use condition monitoring solutions, which facilitate them with improved safety of the machines and increased productivity. The Aerospace & defense industry and manufacturing sectors lead the machine condition monitoring market in 2019 and are expected to continue to drive the market throughout the forecast period.

    Strategic Insights

    Product development is the commonly adopted strategy by companies to expand their product portfolio. Emerson Electric Co., General Electric Co., National Instruments, Parker-Hannifin Corp., Rockwell Automation, among others are the key players implementing strategies to enlarge the customer base and gain significant share in the global Machine Condition Monitoring market, which in turn permits them to maintain their brand name. A few of the recent key developments are:

    • In 2020, With Schaeffler OPTIME, comprehensive and automated condition monitoring is now a cost-effective proposition for maintenance personnel and facility operators. Schaeffler OPTIME has become an efficient and easy-to-use low-cost solution designed specifically for the comprehensive condition monitoring of all indirectly process-critical assets across entire machine and equipment parks.
    • In 2019, National Instruments Corporation helps accelerate the development and performance of automated test and automated measurement systems, today announced new wireless monitoring hardware for InsightCM, the most open solution for online condition monitoring on the market with full access to data and customization with the InsightCM Software Development Kit.

    Machine Condition Monitoring Market Segmentation:

    By Monitoring Technique

    • Vibration Monitoring
    • Thermography
    • Oil Analysis
    • Corrosion Monitoring
    • Ultrasound Emission
    • Motor Current Analysis

    By Offering

    • Hardware
    • Software

    By Deployment

    • On Premise
    • Cloud

    By Monitoring Process

    • Online Condition Monitoring
    • Portable Condition Monitoring

    By Industry

    • Oil & Gas
    • Power Generation
    • Automotive
    • Aerospace & Defense
    • Food & Beverage
    • Manufacturing
    • Others

    Company Profiles

    • ASL Limited
    • Emerson Electric Co.
    • General Electric Co.
    • Honeywell International Inc.
    • National Instruments
    • Parker-Hannifin Corp.
    • Rockwell Automation
    • Schaeffler Technologies
    • SKF
    • Wilcoxon Sensing Technologies

    Frequently Asked Questions

    North America dominated the machine condition monitoring market, followed by Europe and the Asia-Pacific. The dominance of North America is majorly attributed to the presence of large industrial sectors in the US, Canada, and Mexico. The US accounts for the largest share in the region, which is attributable to the existence of well-established and emerging condition monitoring solution providers. Additionally, the country dominates the region with the power of a significantly higher number of manufacturing facilities across its borders. Canadian manufacturers also showcase a similar trend.
    The automated solutions such as condition monitoring facilitate the end users with the power of detecting any faults in a machine during operation or idle mode. The modern-day machinery operates with the help of numerous smaller components, which sometimes cause excessive vibrations, noise, thermal issues, and corrosion, which can lead to system failure in case the faults remain undetected for a longer period. The condition monitoring solutions identify the faults are an early stage, which facilitates the maintenance staff to prioritize the repair and overhauling task. This ultimately reduces downtime costs and improves productivity. This factor is catalyzing the growth of the machine condition monitoring market.
    The manufacturers of aerospace & defense products develop critical and complex products. The error percentage in manufacturing aerospace & defense products is negligible, and pertaining to this, continuous monitoring of the rotating machinery needs to be optimized at 100%. Continuous monitoring of these machines during operation and idle mode is time taking and difficult. Owing to this, the demand for condition monitoring solutions is much higher among the aerospace & defense product manufacturers. The aerospace & defense industry is poised to surge at an exponential rate over the years with respect to production. The rise in production directly relates to an increase in the procurement of machinery, which is again expected to impact the machine condition monitoring market positively.

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Machine Condition Monitoring Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America – PEST Analysis

    4.2.2 Europe – PEST Analysis

    4.2.3 Asia-Pacific – PEST Analysis

    4.2.4 MEA – PEST Analysis

    4.2.5 SAM – PEST Analysis

    4.3 Ecosystem Analysis

    5. Machine Condition Monitoring Market – Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Increasing Demand for Automated Solutions in Manufacturing Facilities

    5.1.2 Accentuating Awareness among End Users in Developing Countries

    5.2 Market Restraints

    5.2.1 Maintenance and Lifespan of Machine Condition Monitoring Systems

    5.3 Market Opportunities

    5.3.1 Increasing Adoption of Wireless Technologies

    5.4 Future Trends

    5.4.1 Embedded Sensors and Smart Wireless Communication to Revolutionize the Market

    5.5 Impact Analysis of Drivers and Restraints

    6. Machine Condition Monitoring Market – Global Analysis

    6.1 Machine Condition Monitoring Market Overview

    6.2 Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    6.3 Market Positioning – Global Market Players Ranking

    7. Machine Condition Monitoring Market Analysis – By Monitoring Technique

    7.1 Overview

    7.2 Machine Condition Monitoring Market, By Monitoring Technique (2019 and 2027)

    7.3 Vibration Monitoring

    7.3.1 Overview

    7.3.2 Vibration Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    7.4 Thermography

    7.4.1 Thermography: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    7.5 Oil Analysis

    7.5.1 Oil Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    7.6 Corrosion Monitoring

    7.6.1 Corrosion Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    7.7 Ultrasound Emission

    7.7.1 Ultrasound Emission: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    7.8 Motor Current Analysis

    7.8.1 Motor Current Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8. Machine Condition Monitoring Market Analysis – By Offering

    8.1 Overview

    8.2 Machine Condition Monitoring Market, By Offering (2019 and 2027)

    8.3 Hardware

    8.3.1 Overview

    8.3.2 Hardware: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.3 Vibration Sensors

    8.3.3.1 Vibration Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.4 Proximity Probes

    8.3.4.1 Proximity Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.5 Tachometer

    8.3.5.1 Tachometer: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.6 Infrared Sensors

    8.3.6.1 Infrared Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.7 Spectrometer

    8.3.7.1 Spectrometer: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.8 Ultrasound Detectors

    8.3.8.1 Ultrasound Detectors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.9 Corrosion Probes

    8.3.9.1 Corrosion Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.10 Other

    8.3.10.1 Other: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.4 Software

    8.4.1 Software: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    8.4.2 Data Integrator

    8.4.3 Diagnosis Reporting

    8.4.4 Order Tracking Analysis

    8.4.5 Parameter Calculation

    9. Machine Condition Monitoring Market Analysis – By Deployment Type

    9.1 Overview

    9.2 Machine Condition Monitoring Market, By Deployment Type (2019 and 2027)

    9.3 Cloud

    9.3.1 Overview

    9.3.2 Cloud: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    9.4 On-Premise

    9.4.1 Overview

    9.4.2 On-Premise: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    10. Machine Condition Monitoring Market Analysis – By Monitoring Process

    10.1 Overview

    10.2 Machine Condition Monitoring Market, By Monitoring Process (2019 and 2027)

    10.3 Online Condition Monitoring

    10.3.1 Overview

    10.3.2 Online Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    10.4 Portable Condition Monitoring

    10.4.1 Overview

    10.4.2 Portable Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    11. Machine Condition Monitoring Market Analysis – By End User

    11.1 Overview

    11.2 Machine Condition Monitoring Market, By End User (2019 and 2027)

    11.3 Oil & Gas

    11.3.1 Overview

    11.3.2 Oil & Gas: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    11.4 Power Generation

    11.4.1 Overview

    11.4.2 Power Generation: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    11.5 Automotive

    11.5.1 Overview

    11.5.2 Automotive: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    11.6 Aerospace & Defense

    11.6.1 Overview

    11.6.2 Aerospace & Defense: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    11.7 Food & Beverage

    11.7.1 Overview

    11.7.2 Food & Beverage: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    11.8 Manufacturing

    11.8.1 Overview

    11.8.2 Manufacturing: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    11.9 Other

    11.9.1 Overview

    11.9.2 Other: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    12. Machine Condition Monitoring Market – Geographic Analysis

    12.1 Overview

    12.2 North America: Machine Condition Monitoring Market

    12.2.1 North America: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.2.2 North America: Machine Condition Monitoring Market, By Monitoring Technique

    12.2.3 North America: Machine Condition Monitoring Market, By Offering

    12.2.3.1 North America: Machine Condition Monitoring Market, By Hardware

    12.2.4 North America: Machine Condition Monitoring Market, By Deployment Type

    12.2.5 North America: Machine Condition Monitoring Market, By Monitoring Process

    12.2.6 North America: Machine Condition Monitoring Market, By End User

    12.2.7 North America: Machine Condition Monitoring Market, By Country

    12.2.7.1 US: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.2.7.1.1 US: Machine Condition Monitoring Market, by Monitoring Technique

    12.2.7.1.2 US: Machine Condition Monitoring Market, by Offering

    12.2.7.1.2.1 US: Machine Condition Monitoring Market, by Hardware

    12.2.7.1.3 US: Machine Condition Monitoring Market, by Deployment Type

    12.2.7.1.4 US: Machine Condition Monitoring Market, by Monitoring Process

    12.2.7.1.5 US: Machine Condition Monitoring Market, by End User

    12.2.7.2 Canada: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.2.7.2.1 Canada: Machine Condition Monitoring Market, by Monitoring Technique

    12.2.7.2.2 Canada: Machine Condition Monitoring Market, by Offering

    12.2.7.2.2.1 Canada: Machine Condition Monitoring Market, by Hardware

    12.2.7.2.3 Canada: Machine Condition Monitoring Market, by Deployment Type

    12.2.7.2.4 Canada: Machine Condition Monitoring Market, by Monitoring Process

    12.2.7.2.5 Canada: Machine Condition Monitoring Market, by End User

    12.2.7.3 Mexico: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.2.7.3.1 Mexico: Machine Condition Monitoring Market, by Monitoring Technique

    12.2.7.3.2 Mexico: Machine Condition Monitoring Market, by Offering

    12.2.7.3.2.1 Mexico: Machine Condition Monitoring Market, by Hardware

    12.2.7.3.3 Mexico: Machine Condition Monitoring Market, by Deployment Type

    12.2.7.3.4 Mexico: Machine Condition Monitoring Market, by Monitoring Process

    12.2.7.3.5 Mexico: Machine Condition Monitoring Market, by End User

    12.3 Europe: Machine Condition Monitoring Market)

    12.3.1 Europe: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.3.2 Europe: Machine Condition Monitoring Market, By Monitoring Technique

    12.3.3 Europe: Machine Condition Monitoring Market, By Offering

    12.3.3.1 Europe: Machine Condition Monitoring Market, By Hardware

    12.3.4 Europe: Machine Condition Monitoring Market, By Deployment Type

    12.3.5 Europe: Machine Condition Monitoring Market, By Monitoring Process

    12.3.6 Europe: Machine Condition Monitoring Market, By End User

    12.3.7 Europe: Machine Condition Monitoring Market, By Country

    12.3.7.1 Germany: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.3.7.1.1 Germany: Machine Condition Monitoring Market, by Monitoring Technique

    12.3.7.1.2 Germany: Machine Condition Monitoring Market, by Offering

    12.3.7.1.2.1 Germany: Machine Condition Monitoring Market, by Hardware

    12.3.7.1.3 Germany: Machine Condition Monitoring Market, by Deployment Type

    12.3.7.1.4 Germany: Machine Condition Monitoring Market, by Monitoring Process

    12.3.7.1.5 Germany: Machine Condition Monitoring Market, by End User

    12.3.7.2 France: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.3.7.2.1 France: Machine Condition Monitoring Market, by Monitoring Technique

    12.3.7.2.2 France: Machine Condition Monitoring Market, by Offering

    12.3.7.2.2.1 France: Machine Condition Monitoring Market, by Hardware

    12.3.7.2.3 France: Machine Condition Monitoring Market, by Deployment Type

    12.3.7.2.4 France: Machine Condition Monitoring Market, by Monitoring Process

    12.3.7.2.5 France: Machine Condition Monitoring Market, by End User

    12.3.7.3 Italy: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.3.7.3.1 Italy: Machine Condition Monitoring Market, by Monitoring Technique

    12.3.7.3.2 Italy: Machine Condition Monitoring Market, by Offering

    12.3.7.3.2.1 Italy: Machine Condition Monitoring Market, by Hardware

    12.3.7.3.3 Italy: Machine Condition Monitoring Market, by Deployment Type

    12.3.7.3.4 Italy: Machine Condition Monitoring Market, by Monitoring Process

    12.3.7.3.5 Italy: Machine Condition Monitoring Market, by End User

    12.3.7.4 UK: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.3.7.4.1 UK: Machine Condition Monitoring Market, by Monitoring Technique

    12.3.7.4.2 UK: Machine Condition Monitoring Market, by Offering

    12.3.7.4.2.1 UK: Machine Condition Monitoring Market, by Hardware

    12.3.7.4.3 UK: Machine Condition Monitoring Market, by Deployment Type

    12.3.7.4.4 UK: Machine Condition Monitoring Market, by Monitoring Process

    12.3.7.4.5 UK: Machine Condition Monitoring Market, by End User

    12.3.7.5 Russia: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.3.7.5.1 Russia: Machine Condition Monitoring Market, by Monitoring Technique

    12.3.7.5.2 Russia: Machine Condition Monitoring Market, by Offering

    12.3.7.5.2.1 Russia: Machine Condition Monitoring Market, by Hardware

    12.3.7.5.3 Russia: Machine Condition Monitoring Market, by Deployment Type

    12.3.7.5.4 Russia: Machine Condition Monitoring Market, by Monitoring Process

    12.3.7.5.5 Russia: Machine Condition Monitoring Market, by End User

    12.3.7.6 Rest of Europe: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.3.7.6.1 Rest of Europe: Machine Condition Monitoring Market, by Monitoring Technique

    12.3.7.6.2 Rest of Europe: Machine Condition Monitoring Market, by Offering

    12.3.7.6.2.1 Rest of Europe: Machine Condition Monitoring Market, by Hardware

    12.3.7.6.3 Rest of Europe: Machine Condition Monitoring Market, by Deployment Type

    12.3.7.6.4 Rest of Europe: Machine Condition Monitoring Market, by Monitoring Process

    12.3.7.6.5 Rest of Europe: Machine Condition Monitoring Market, by End User

    12.4 APAC: Machine Condition Monitoring Market

    12.4.1 APAC: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.4.2 APAC: Machine Condition Monitoring Market, By Monitoring Technique

    12.4.3 APAC: Machine Condition Monitoring Market, By Offering

    12.4.3.1 APAC: Machine Condition Monitoring Market, By Hardware

    12.4.4 APAC: Machine Condition Monitoring Market, By Deployment Type

    12.4.5 APAC: Machine Condition Monitoring Market, By Monitoring Process

    12.4.6 APAC: Machine Condition Monitoring Market, By End User

    12.4.7 APAC: Machine Condition Monitoring Market, By Country

    12.4.7.1 China: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.4.7.1.1 China: Machine Condition Monitoring Market, by Monitoring Technique

    12.4.7.1.2 China: Machine Condition Monitoring Market, by Offering

    12.4.7.1.2.1 China: Machine Condition Monitoring Market, by Hardware

    12.4.7.1.3 China: Machine Condition Monitoring Market, by Deployment Type

    12.4.7.1.4 China: Machine Condition Monitoring Market, by Monitoring Process

    12.4.7.1.5 China: Machine Condition Monitoring Market, by End User

    12.4.7.2 India: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.4.7.2.1 India: Machine Condition Monitoring Market, by Monitoring Technique

    12.4.7.2.2 India: Machine Condition Monitoring Market, by Offering

    12.4.7.2.2.1 India: Machine Condition Monitoring Market, by Hardware

    12.4.7.2.3 India: Machine Condition Monitoring Market, by Deployment Type

    12.4.7.2.4 India: Machine Condition Monitoring Market, by Monitoring Process

    12.4.7.2.5 India: Machine Condition Monitoring Market, by End User

    12.4.7.3 Japan: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.4.7.3.1 Japan: Machine Condition Monitoring Market, by Monitoring Technique

    12.4.7.3.2 Japan: Machine Condition Monitoring Market, by Offering

    12.4.7.3.2.1 Japan: Machine Condition Monitoring Market, by Hardware

    12.4.7.3.3 Japan: Machine Condition Monitoring Market, by Deployment Type

    12.4.7.3.4 Japan: Machine Condition Monitoring Market, by Monitoring Process

    12.4.7.3.5 Japan: Machine Condition Monitoring Market, by End User

    12.4.7.4 South Korea: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.4.7.4.1 South Korea: Machine Condition Monitoring Market, by Monitoring Technique

    12.4.7.4.2 South Korea: Machine Condition Monitoring Market, by Offering

    12.4.7.4.2.1 South Korea: Machine Condition Monitoring Market, by Hardware

    12.4.7.4.3 South Korea: Machine Condition Monitoring Market, by Deployment Type

    12.4.7.4.4 South Korea: Machine Condition Monitoring Market, by Monitoring Process

    12.4.7.4.5 South Korea: Machine Condition Monitoring Market, by End User

    12.4.7.5 Australia: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.4.7.5.1 Australia: Machine Condition Monitoring Market, by Monitoring Technique

    12.4.7.5.2 Australia: Machine Condition Monitoring Market, by Offering

    12.4.7.5.2.1 Australia: Machine Condition Monitoring Market, by Hardware

    12.4.7.5.3 Australia: Machine Condition Monitoring Market, by Deployment Type

    12.4.7.5.4 Australia: Machine Condition Monitoring Market, by Monitoring Process

    12.4.7.5.5 Australia: Machine Condition Monitoring Market, by End User

    12.4.7.6 Rest of APAC: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.4.7.6.1 Rest of APAC: Machine Condition Monitoring Market, by Monitoring Technique

    12.4.7.6.2 Rest of APAC: Machine Condition Monitoring Market, by Offering

    12.4.7.6.2.1 Rest of APAC: Machine Condition Monitoring Market, by Hardware

    12.4.7.6.3 Rest of APAC: Machine Condition Monitoring Market, by Deployment Type

    12.4.7.6.4 Rest of APAC: Machine Condition Monitoring Market, by Monitoring Process

    12.4.7.6.5 Rest of APAC: Machine Condition Monitoring Market, by End User

    12.5 MEA: Machine Condition Monitoring Market

    12.5.1 MEA: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.5.2 MEA: Machine Condition Monitoring Market, By Monitoring Technique

    12.5.3 MEA: Machine Condition Monitoring Market, By Offering

    12.5.3.1 MEA: Machine Condition Monitoring Market, By Hardware

    12.5.4 MEA: Machine Condition Monitoring Market, By Deployment Type

    12.5.5 MEA: Machine Condition Monitoring Market, By Monitoring Process

    12.5.6 MEA: Machine Condition Monitoring Market, By End-user

    12.5.7 MEA: Machine Condition Monitoring Market, By Country

    12.5.7.1 UAE: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.5.7.1.1 UAE: Machine Condition Monitoring Market, by Monitoring Technique

    12.5.7.1.2 UAE: Machine Condition Monitoring Market, by Offering

    12.5.7.1.2.1 UAE: Machine Condition Monitoring Market, by Hardware

    12.5.7.1.3 UAE: Machine Condition Monitoring Market, by Deployment Type

    12.5.7.1.4 UAE: Machine Condition Monitoring Market, by Monitoring Process

    12.5.7.1.5 UAE: Machine Condition Monitoring Market, by End-user

    12.5.7.2 Saudi Arabia: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.5.7.2.1 Saudi Arabia: Machine Condition Monitoring Market, by Monitoring Technique

    12.5.7.2.2 Saudi Arabia: Machine Condition Monitoring Market, by Offering

    12.5.7.2.2.1 Saudi Arabia: Machine Condition Monitoring Market, by Hardware

    12.5.7.2.3 Saudi Arabia: Machine Condition Monitoring Market, by Deployment Type

    12.5.7.2.4 Saudi Arabia: Machine Condition Monitoring Market, by Monitoring Process

    12.5.7.2.5 Saudi Arabia: Machine Condition Monitoring Market, by End-user

    12.5.7.3 South Africa: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.5.7.3.1 South Africa: Machine Condition Monitoring Market, by Monitoring Technique

    12.5.7.3.2 South Africa: Machine Condition Monitoring Market, by Offering

    12.5.7.3.2.1 South Africa: Machine Condition Monitoring Market, by Hardware

    12.5.7.3.3 South Africa: Machine Condition Monitoring Market, by Deployment Type

    12.5.7.3.4 South Africa: Machine Condition Monitoring Market, by Monitoring Process

    12.5.7.3.5 South Africa: Machine Condition Monitoring Market, by End-user

    12.5.7.4 Rest of MEA: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.5.7.4.1 Rest of MEA: Machine Condition Monitoring Market, by Monitoring Technique

    12.5.7.4.2 Rest of MEA: Machine Condition Monitoring Market, by Offering

    12.5.7.4.2.1 Rest of MEA: Machine Condition Monitoring Market, by Hardware

    12.5.7.4.3 Rest of MEA: Machine Condition Monitoring Market, by Deployment Type

    12.5.7.4.4 Rest of MEA: Machine Condition Monitoring Market, by Monitoring Process

    12.5.7.4.5 Rest of MEA: Machine Condition Monitoring Market, by End User

    12.6 SAM: Machine Condition Monitoring Market

    12.6.1 SAM: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.6.2 SAM: Machine Condition Monitoring Market, By Monitoring Technique

    12.6.3 SAM: Machine Condition Monitoring Market, By Offering

    12.6.3.1 SAM: Machine Condition Monitoring Market, By Hardware

    12.6.4 SAM: Machine Condition Monitoring Market, By Deployment Type

    12.6.5 SAM: Machine Condition Monitoring Market, By Monitoring Process

    12.6.6 SAM: Machine Condition Monitoring Market, By End User

    12.6.7 SAM: Machine Condition Monitoring Market, By Country

    12.6.7.1 Brazil: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.6.7.1.1 Brazil: Machine Condition Monitoring Market, by Monitoring Technique

    12.6.7.1.2 Brazil: Machine Condition Monitoring Market, by Offering

    12.6.7.1.2.1 Brazil: Machine Condition Monitoring Market, by Hardware

    12.6.7.1.3 Brazil: Machine Condition Monitoring Market, by Deployment Type

    12.6.7.1.4 Brazil: Machine Condition Monitoring Market, by Monitoring Process

    12.6.7.1.5 Brazil: Machine Condition Monitoring Market, by End User

    12.6.7.2 Rest of SAM: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    12.6.7.2.1 Rest of SAM: Machine Condition Monitoring Market, by Monitoring Technique

    12.6.7.2.2 Rest of SAM: Machine Condition Monitoring Market, by Offering

    12.6.7.2.2.1 Rest of SAM: Machine Condition Monitoring Market, by Hardware

    12.6.7.2.3 Rest of SAM: Machine Condition Monitoring Market, by Deployment Type

    12.6.7.2.4 Rest of SAM: Machine Condition Monitoring Market, by Monitoring Process

    12.6.7.2.5 Rest of SAM: Machine Condition Monitoring Market, by End-user

    13. Impact of Coronavirus Outbreak

    13.1 Impact of Covid-19 Pandemic on Machine Condition Monitoring Market

    13.1.1 North America: Impact Assessment of COVID-19 Pandemic

    13.1.2 Europe: Impact Assessment of COVID-19 Pandemic

    13.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

    13.1.4 MEA: Impact Assessment of COVID-19 Pandemic

    13.1.5 SAM: Impact Assessment of COVID-19 Pandemic

    14. Industry Landscape

    14.1 Overview

    14.2 Market Initiative

    14.3 New Development

    15. Company Profiles

    15.1 Honeywell International Inc.

    15.1.1 Key Facts

    15.1.2 Business Description

    15.1.3 Products and Services

    15.1.4 Financial Overview

    15.1.5 SWOT Analysis

    15.1.6 Key Developments

    15.2 Schaeffler Technologies AG & Co. KG

    15.2.1 Key Facts

    15.2.2 Business Description

    15.2.3 Products and Services

    15.2.4 Financial Overview

    15.2.5 SWOT Analysis

    15.2.6 Key Developments

    15.3 General Electric Company

    15.3.1 Key Facts

    15.3.2 Business Description

    15.3.3 Products and Services

    15.3.4 Financial Overview

    15.3.5 SWOT Analysis

    15.3.6 Key Developments

    15.4 Emerson Electric Co.

    15.4.1 Key Facts

    15.4.2 Business Description

    15.4.3 Products and Services

    15.4.4 Financial Overview

    15.4.5 SWOT Analysis

    15.4.6 Key Developments

    15.5 Parker Hannifin Corporation

    15.5.1 Key Facts

    15.5.2 Business Description

    15.5.3 Products and Services

    15.5.4 Financial Overview

    15.5.5 SWOT Analysis

    15.5.6 Key Developments

    15.6 Rockwell Automation, Inc.

    15.6.1 Key Facts

    15.6.2 Business Description

    15.6.3 Products and Services

    15.6.4 Financial Overview

    15.6.5 SWOT Analysis

    15.6.6 Key Developments

    15.7 SKF

    15.7.1 Key Facts

    15.7.2 Business Description

    15.7.3 Products and Services

    15.7.4 Financial Overview

    15.7.5 SWOT Analysis

    15.7.6 Key Developments

    15.8 Wilcoxon Sensing Technologies

    15.8.1 Key Facts

    15.8.2 Business Description

    15.8.3 Products and Services

    15.8.4 Financial Overview

    15.8.5 SWOT Analysis

    15.8.6 Key Developments

    15.9 ALS Limited

    15.9.1 Key Facts

    15.9.2 Business Description

    15.9.3 Products and Services

    15.9.4 Financial Overview

    15.9.5 SWOT Analysis

    15.9.6 Key Developments

    15.10 National Instruments Corporation

    15.10.1 Key Facts

    15.10.2 Business Description

    15.10.3 Products and Services

    15.10.4 Financial Overview

    15.10.5 SWOT Analysis

    15.10.6 Key Developments

    16. Appendix

    16.1 About The Insight Partners

    16.2 Word Index

    LIST OF TABLES

    Table 1. Machine Condition Monitoring Market – Revenue, and Forecast to 2027 (US$ Million)

    Table 2. Global Machine Condition Monitoring Market, By Region – Revenue and Forecast to 2027 (US$ Million)

    Table 3. North America Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 4. North America Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 5. America Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 6. North America Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 7. North America Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 8. North America Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 9. North America Machine Condition Monitoring Market, By Country – Revenue and Forecast to 2027 (US$ Million)

    Table 10. US Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 11. US Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 12. US Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 13. US Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 14. US Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 15. US Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 16. Canada Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 17. Canada Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 18. Canada Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 19. Canada Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 20. Canada Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 21. Canada Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 22. Mexico Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 23. Mexico Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 24. Mexico Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 25. Mexico Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 26. Mexico Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 27. Mexico Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 28. Europe Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 29. Europe Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 30. Europe Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 31. Europe Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 32. Europe Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 33. Europe Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 34. Europe Machine Condition Monitoring Market, By Country – Revenue and Forecast to 2027 (US$ Million)

    Table 35. Germany Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 36. Germany Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 37. Germany Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 38. Germany Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 39. Germany Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 40. Germany Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 41. France Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 42. France Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 43. France Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 44. France Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 45. France Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 46. France Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 47. Italy Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 48. Italy Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 49. Italy Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 50. Italy Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 51. Italy Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 52. Italy Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 53. UK Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 54. UK Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 55. UK Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 56. UK Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 57. UK Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 58. UK Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 59. Russia Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 60. Russia Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 61. Russia Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 62. Russia Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 63. Russia Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 64. Russia Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 65. Rest of Europe Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 66. Rest of Europe Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 67. Rest of Europe Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 68. Rest of Europe Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 69. Rest of Europe Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 70. Rest of Europe Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 71. APAC Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 72. APAC Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 73. APAC Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 74. APAC Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 75. APAC Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 76. APAC Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 77. APAC Machine Condition Monitoring Market, By Country – Revenue and Forecast to 2027 (US$ Million)

    Table 78. China Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 79. China Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 80. China Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 81. China Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 82. China Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 83. China Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 84. India Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 85. India Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 86. India Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 87. India Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 88. India Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 89. India Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 90. Japan Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 91. Japan Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 92. Japan Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 93. Japan Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 94. Japan Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 95. Japan Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 96. South Korea Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 97. South Korea Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 98. South Korea Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 99. South Korea Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 100. South Korea Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 101. South Korea Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 102. Australia Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 103. Australia Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 104. Australia Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 105. Australia Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 106. Australia Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 107. Australia Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 108. Rest of APAC Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 109. Rest of APAC Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 110. Rest of APAC Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 111. Rest of APAC Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 112. Rest of APAC Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 113. Rest of APAC Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 114. MEA Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 115. MEA Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 116. MEA Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 117. MEA Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 118. MEA Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 119. MEA Machine Condition Monitoring Market, By End-user – Revenue and Forecast to 2027 (US$ Million)

    Table 120. MEA Machine Condition Monitoring Market, By Country – Revenue and Forecast to 2027 (US$ Million)

    Table 121. UAE Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 122. UAE Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 123. UAE Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 124. UAE Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 125. UAE Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 126. UAE Machine Condition Monitoring Market, By End-user – Revenue and Forecast to 2027 (US$ Million)

    Table 127. Saudi Arabia Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 128. Saudi Arabia Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 129. Saudi Arabia Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 130. Saudi Arabia Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 131. Saudi Arabia Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 132. Saudi Arabia Machine Condition Monitoring Market, By End-user – Revenue and Forecast to 2027 (US$ Million)

    Table 133. South Africa Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 134. South Africa Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 135. South Africa Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 136. South Africa Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 137. South Africa Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 138. South Africa Machine Condition Monitoring Market, By End-user – Revenue and Forecast to 2027 (US$ Million)

    Table 139. Rest of MEA Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 140. Rest of MEA Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 141. Rest of MEA Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 142. Rest of MEA Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 143. Rest of MEA Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 144. Rest of MEA Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 145. SAM Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 146. SAM Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 147. SAM Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 148. SAM Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 149. SAM Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 150. SAM Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 151. SAM Machine Condition Monitoring Market, By Country – Revenue and Forecast to 2027 (US$ Million)

    Table 152. Brazil Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 153. Brazil Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 154. Brazil Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 155. Brazil Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 156. Brazil Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 157. Brazil Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)

    Table 158. Rest of SAM Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)

    Table 159. Rest of SAM Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)

    Table 160. Rest of SAM Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

    Table 161. Rest of SAM Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)

    Table 162. Rest of SAM Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)

    Table 163. Rest of SAM Machine Condition Monitoring Market, By End-user – Revenue and Forecast to 2027 (US$ Million)

    Table 164. List of Abbreviation

    LIST OF FIGURES

    Figure 1. Machine Condition Monitoring Market Segmentation

    Figure 2. Machine Condition Monitoring Market Segmentation – By Geography

    Figure 3. Global Machine Condition Monitoring Market Overview

    Figure 4. Machine Condition Monitoring Market, by Geography

    Figure 5. Machine Condition Monitoring Market, By Monitoring Technique

    Figure 6. Machine Condition Monitoring Market, By Offering

    Figure 7. Machine Condition Monitoring Market, By End User

    Figure 8. North America – PEST Analysis

    Figure 9. Europe – PEST Analysis

    Figure 10. Asia-Pacific – PEST Analysis

    Figure 11. MEA – PEST Analysis

    Figure 12. SAM - PEST Analysis

    Figure 13. Machine Condition Monitoring Market – Ecosystem Analysis

    Figure 14. Machine Condition Monitoring Market: Impact Analysis of Drivers and Restraints

    Figure 15. Geographic Overview of Machine Condition Monitoring Market

    Figure 16. Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 17. Machine Condition Monitoring Market Revenue Share, by Monitoring Technique (2019 and 2027)

    Figure 18. Vibration Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 19. Thermography: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 20. Oil Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 21. Corrosion Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 22. Ultrasound Emission: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 23. Motor Current Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 24. Machine Condition Monitoring Market Revenue Share, by Offering (2019 and 2027)

    Figure 25. Hardware: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 26. Vibration Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 27. Proximity Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 28. Tachometer: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 29. Infrared Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 30. Spectrometer: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 31. Ultrasound Detectors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 32. Corrosion Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 33. Other: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 34. Software: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 35. Machine Condition Monitoring Market Revenue Share, by Deployment Type (2019 and 2027)

    Figure 36. Cloud: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 37. On-Premise: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 38. Machine Condition Monitoring Market Revenue Share, by Monitoring Process (2019 and 2027)

    Figure 39. Online Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 40. Portable Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 41. Machine Condition Monitoring Market Revenue Share, by End User (2019 and 2027)

    Figure 42. Oil & Gas: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 43. Power Generation: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 44. Automotive: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 45. Aerospace & Defense: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 46. Food & Beverage: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 47. Manufacturing: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 48. Other: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 49. Global Machine Condition Monitoring Market Revenue Share, By Region (2019 and 2027)

    Figure 50. North America: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 51. North America Machine Condition Monitoring Market Revenue Share, By Monitoring Technique (2019 and 2027)

    Figure 52. North America Machine Condition Monitoring Market Revenue Share, By Offering (2019 and 2027)

    Figure 53. North America Machine Condition Monitoring Market Revenue Share, By Hardware (2019 and 2027)

    Figure 54. North America Machine Condition Monitoring Market Revenue Share, By Deployment Type (2019 and 2027)

    Figure 55. North America Machine Condition Monitoring Market Revenue Share, By Monitoring Process (2019 and 2027)

    Figure 56. North America Machine Condition Monitoring Market Revenue Share, By End User (2019 and 2027)

    Figure 57. North America Machine Condition Monitoring Market Revenue Share, By Country (2019 and 2027)

    Figure 58. US: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 59. Canada: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 60. Mexico: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 61. Europe: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 62. Europe: Machine Condition Monitoring Market Revenue Share, By Monitoring Technique (2019 and 2027)

    Figure 63. Europe: Machine Condition Monitoring Market Revenue Share, By Offering (2019 and 2027)

    Figure 64. Europe: Machine Condition Monitoring Market Revenue Share, By Hardware (2019 and 2027)

    Figure 65. Europe: Machine Condition Monitoring Market Revenue Share, By Deployment Type (2019 and 2027)

    Figure 66. Europe: Machine Condition Monitoring Market Revenue Share, By Monitoring Process (2019 and 2027)

    Figure 67. Europe: Machine Condition Monitoring Market Revenue Share, By End User (2019 and 2027)

    Figure 68. Europe: Machine Condition Monitoring Market Revenue Share, By Country (2019 and 2027)

    Figure 69. Germany: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 70. France: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 71. Italy: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 72. UK: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 73. Russia: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 74. Rest of Europe: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 75. APAC: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 76. APAC: Machine Condition Monitoring Market Revenue Share, By Monitoring Technique (2019 and 2027)

    Figure 77. APAC: Machine Condition Monitoring Market Revenue Share, By Offering (2019 and 2027)

    Figure 78. APAC: Machine Condition Monitoring Market Revenue Share, By Hardware (2019 and 2027)

    Figure 79. APAC: Machine Condition Monitoring Market Revenue Share, By Deployment Type (2019 and 2027)

    Figure 80. APAC: Machine Condition Monitoring Market Revenue Share, By Monitoring Process (2019 and 2027)

    Figure 81. APAC: Machine Condition Monitoring Market Revenue Share, By End User (2019 and 2027)

    Figure 82. APAC: Machine Condition Monitoring Market Revenue Share, By Country (2019 and 2027)

    Figure 83. China: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 84. India: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 85. Japan: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 86. South Korea: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 87. Australia: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 88. Rest of APAC: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 89. MEA: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 90. MEA: Machine Condition Monitoring Market Revenue Share, By Monitoring Technique (2019 and 2027)

    Figure 91. MEA: Machine Condition Monitoring Market Revenue Share, By Offering (2019 and 2027)

    Figure 92. MEA: Machine Condition Monitoring Market Revenue Share, By Hardware (2019 and 2027)

    Figure 93. MEA: Machine Condition Monitoring Market Revenue Share, By Deployment Type (2019 and 2027)

    Figure 94. MEA: Machine Condition Monitoring Market Revenue Share, By Monitoring Process (2019 and 2027)

    Figure 95. MEA: Machine Condition Monitoring Market Revenue Share, By End-user (2019 and 2027)

    Figure 96. MEA: Machine Condition Monitoring Market Revenue Share, By Country (2019 and 2027)

    Figure 97. UAE: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 98. Saudi Arabia: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 99. South Africa: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 100. Rest of MEA: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 101. SAM: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 102. SAM: Machine Condition Monitoring Market Revenue Share, By Monitoring Technique (2019 and 2027)

    Figure 103. SAM: Machine Condition Monitoring Market Revenue Share, By Offering (2019 and 2027)

    Figure 104. SAM: Machine Condition Monitoring Market Revenue Share, By Hardware (2019 and 2027)

    Figure 105. SAM: Machine Condition Monitoring Market Revenue Share, By Deployment Type (2019 and 2027)

    Figure 106. SAM: Machine Condition Monitoring Market Revenue Share, By Monitoring Process (2019 and 2027)

    Figure 107. SAM: Machine Condition Monitoring Market Revenue Share, By End User (2019 and 2027)

    Figure 108. SAM: Machine Condition Monitoring Market Revenue Share, By Country (2019 and 2027)

    Figure 109. Brazil: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 110. Rest of SAM: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 111. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 112. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 113. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 114. impact of COVID-19 Pandemic in MEA Markets

    Figure 115. Impact of COVID-19 Pandemic in SAM Markets

    The List of companies: Machine Condition Monitoring Market

    1. Honeywell International Inc.
    2. Schaeffler Technologies AG & Co. KG
    3. General Electric Company
    4. Emerson Electric Co.
    5. Parker Hannifin Corporation
    6. Rockwell Automation, Inc.
    7. SKF
    8. Wilcoxon Sensing Technologies
    9. ALS Limited
    10. National Instruments Corporation
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global machine condition monitoring market.
    • Highlights key business priorities in order to assist companies to realign their business strategies
    • The key findings and recommendations highlight crucial progressive industry trends in the global machine condition monitoring market, thereby allowing players across the value chain to develop effective long-term strategies
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
    • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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