Middle East and Africa Machine Condition Monitoring Market Segments and Growth by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Middle East and Africa Machine Condition Monitoring Market Forecast to 2027 - COVID-19 Impact and Regional Analysis 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 End user (Oil & Gas, Power Generation, Automotive, Aerospace & Defense, Food & Beverages, Manufacturing, and Others)

Report Date : Sep 2020
Report Code : TIPRE00014329

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 79

Page Updated: Sep 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The machine condition monitoring market in the Middle East and Africa is expected to grow from US$ 162.0 million in 2019 to US$ 216.4 million by 2027; it is estimated to grow at a CAGR of 3.7% from 2020 to 2027.

Saudi Arabia, South Africa, and UAE are major economies in North America. 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. 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. Pertaining to this, the demand for condition monitoring solutions is surging among industries such as aerospace & defense, automotive, oil & gas, manufacturing, food & beverage, power generation, and chemicals, among others. Thus, throttling the growth of the Middle East and Africa machine condition monitoring market.

The outbreak of COVID-19 is hampering already bleak economic conditions, in which consumer confidence has been weakening for the past few years, driven by sluggish GDP growth, regional turbulence, and oil price declines Middle East and Africa. Further, lockdowns, travel bans, and business shutdowns are expected to affect anticipated revenue generation and growth opportunities in the Middle East and Africa. So far, Iran is the worst-hit country in Middle East and Africa followed by South Africa, and Saudi Arabia. According to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy is anticipated to witness a sharp slowdown in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback of the coronavirus outbreak. Further, the Middle East economy is projected to notice a pickup in the second half of 2020, after both demand and supply-side disruptions disappear.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the machine condition monitoring market. The Middle East and Africa machine condition monitoring market is expected to grow at a good CAGR during the forecast period.
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Middle East and Africa Machine Condition Monitoring Market – By Monitoring Technique

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

Middle East and Africa Machine Condition Monitoring Market – By Offering

Hardware
Software

Middle East and Africa Machine Condition Monitoring Market – By Deployment

On-premise
Cloud

Middle East and Africa Machine Condition Monitoring Market – ByMonitoring Process

Online Condition Monitoring
Portable Condition Monitoring

Middle East and Africa Machine Condition Monitoring Market – By End-user

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

Middle East and Africa Machine Condition Monitoring Market – By Country

Saudi Arabia
South Africa
UAE
Rest of Middle East and Africa

Middle East and Africa Machine Condition Monitoring Market -Companies Mentioned

Honeywell International Inc.
Schaeffler Technologies AG & Co. KG
General Electric Company
Emerson Electric Co.
Parker Hannifin Corporation
Rockwell Automation, Inc.
AB SKF
Wilcoxon Sensing Technologies
ALS Limited
National Instruments Corporation

Middle East and Africa Machine Condition Monitoring Report Scope

Report Attribute	Details
Market size in 2019	US$ 162.0 Million
Market Size by 2027	US$ 216.4 Million
Global CAGR (2020 - 2027)	3.7%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Monitoring Technique Vibration Monitoring Thermography Oil Analysis Corrosion Monitoring Ultrasound Emission Motor Current Analysis By Offering Hardware and Software By Deployment On premise and Cloud By Monitoring Process Online Condition Monitoring and Portable Condition Monitoring
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Honeywell International Inc. Schaeffler Technologies AG & Co. KG General Electric Company Emerson Electric Co. Parker Hannifin Corporation Rockwell Automation, Inc. AB SKF Wilcoxon Sensing Technologies ALS Limited

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Middle East and Africa Machine Condition Monitoring Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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