South America Machine Condition Monitoring Market Forecast to 2027 - COVID-19 Impact and Global 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)
The machine condition monitoring market in South America is expected to grow from US$ 191.0Million in 2019 to US$ 306.2Million by 2027; it is estimated to grow at a CAGR of 6.1%from 2020 to 2027.
The Brazil and Argentina are major economies in South America. In recent years, several manufacturers across industries in the developing countries are demanding for machine condition monitoring solutions. The rising demand for condition monitoring solution is majorly attributed to the increasing awareness related to the benefits of condition monitoring. The developing countries such as Brazil, and Argentina are experiencing substantial growth in the number of manufacturing plants in various industries. The usage of sizeable reciprocating machinery has been surging over the past few years in the countries mentioned above. The demand for condition monitoring solution is majorly for the newer machinery in the modern manufacturing facilities. The significant rise in industrialization in the developing countries is catalyzing the demand for condition monitoring solutions, thereby throttling the South America machine condition monitoring market size. The key industries demanding condition monitoring solutions include aerospace & defense, automotive, oil & gas, manufacturing, power generation, and food & beverage. These industries utilize higher volumes of rotating machines, which experience considerable vibration, corrosion, temperature difference, and oil seepage, which ultimately cause the system to fail in case the problem prevails for an extended period. With an objective to avoid such downtime and monetary loss, the end users in the developing countries are procuring condition monitoring solutions, which is propelling the machine condition monitoring market.
In South America, Brazil is the worst hit by outbreak of COVID-19, followed by Ecuador, Chile, Peru, and Argentina, among others. The governments across South America are enacting various measures to contain the virus. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. Also, in the electric and electronic manufacturing, Brazilian companies imported over 40% of components from Chinese companies. Further, other Asian companies accounted for over 35% of imports in 2019, signifying dependence on Asian economies. Moreover, automotive production in the region has also been impacted as manufacturers are suspending production amid coronavirus outbreak. Containment measures in several countries of South America will reduce economic activity in the manufacturing sectors for at least the next quarter, and is expected to rebound once the pandemic is contained.
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 South America machine condition monitoring market is expected to grow at a good CAGR during the forecast period.
South America Machine Condition Monitoring Market Revenue and Forecast to 2027 (US$ Mn)
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South America Machine Condition Monitoring Market Segmentation
South America Machine Condition Monitoring Market – By Monitoring Technique
- Vibration Monitoring
- Thermography
- Oil Analysis
- Corrosion Monitoring
- Ultrasound Emission
- Motor Current Analysis
South America Machine Condition Monitoring Market – By Offering
- Hardware
- Software
South America Machine Condition Monitoring Market – By Deployment
- On-premise
- Cloud
South America Machine Condition Monitoring Market – ByMonitoring Process
- Online Condition Monitoring
- Portable Condition Monitoring
South America Machine Condition Monitoring Market – By End-user
- Oil & Gas
- Power Generation
- Automotive
- Aerospace & Defense
- Food & Beverage
- Manufacturing
- Others
South America Machine Condition Monitoring Market – By Country
- Brazil
- Rest of South America
South America 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.
- SKF
- Wilcoxon Sensing Technologies
- ALS Limited
- National Instruments Corporation
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. SAM Machine Condition Monitoring Market Landscape
4.1 Market Overview
4.2 SAM – PEST Analysis
4.3 Ecosystem Analysis
5. SAM Machine Condition Monitoring Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in adoption of automation solutions among End Users in Developing Countries
5.2 Market Restraints
5.2.1 Cost intensive maintenance of machine monitoring system.
5.3 Market Opportunities
5.3.1 Integration of Wireless Technologies in Manufacturing.
5.4 Future Trends
5.4.1 Wireless Technologies and Sensors to Transform the Dynamics of Market
5.5 Impact Analysis of Drivers and Restraints
6. SAM Machine Condition Monitoring Market – Analysis
6.1 Overview
6.2 SAM Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Market Players Ranking
7. Machine Condition Monitoring Market Analysis – By Monitoring Technique
7.1 Overview
7.2 SAM 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 SAM 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 SAM 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 SAM 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 SAM 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 – Country Analysis
12.1 Overview
12.1.1 SAM: Machine Condition Monitoring Market, By Country
12.1.1.1 Brazil: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.1.1 Brazil: Machine Condition Monitoring Market, by Monitoring Technique
12.1.1.1.2 Brazil: Machine Condition Monitoring Market, by Offering
12.1.1.1.2.1 Brazil: Machine Condition Monitoring Market, by Hardware
12.1.1.1.3 Brazil: Machine Condition Monitoring Market, by Deployment Type
12.1.1.1.4 Brazil: Machine Condition Monitoring Market, by Monitoring Process
12.1.1.1.5 Brazil: Machine Condition Monitoring Market, by End User
12.1.1.2 Rest of SAM: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
12.1.1.2.1 Rest of SAM: Machine Condition Monitoring Market, by Monitoring Technique
12.1.1.2.2 Rest of SAM: Machine Condition Monitoring Market, by Offering
12.1.1.2.2.1 Rest of SAM: Machine Condition Monitoring Market, by Hardware
12.1.1.2.3 Rest of SAM: Machine Condition Monitoring Market, by Deployment Type
12.1.1.2.4 Rest of SAM: Machine Condition Monitoring Market, by Monitoring Process
12.1.1.2.5 Rest of SAM: Machine Condition Monitoring Market, by End-user
13. Impact of Coronavirus Outbreak
13.1.1 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. SAM Machine Condition Monitoring Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. SAM Machine Condition Monitoring Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)
Table 5. Brazil Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)
Table 6. Brazil Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Brazil Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)
Table 8. Brazil Machine Condition Monitoring Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of SAM Machine Condition Monitoring Market, By Monitoring Technique – Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of SAM Machine Condition Monitoring Market, By Offering – Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of SAM Machine Condition Monitoring Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of SAM Machine Condition Monitoring Market, By Deployment Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of SAM Machine Condition Monitoring Market, By Monitoring Process – Revenue and Forecast to 2027 (US$ Million)
Table 14. Rest of SAM Machine Condition Monitoring Market, By End-user – Revenue and Forecast to 2027 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Machine Condition Monitoring Market Segmentation
Figure 2. SAM Condition Monitoring Market Overview
Figure 3. SAM Machine Condition Monitoring Market, by Country
Figure 4. SAM Machine Condition Monitoring Market, By Monitoring Technique
Figure 5. SAM Machine Condition Monitoring Market, By Offering
Figure 6. SAM Machine Condition Monitoring Market, By Monitoring Process
Figure 7. SAM Machine Condition Monitoring Market, By End User
Figure 8. SAM Machine Condition Monitoring Market, By Monitoring Process
Figure 9. SAM Machine Condition Monitoring Market, By Deployment
Figure 10. SAM - PEST Analysis
Figure 11. Machine Condition Monitoring Market – Ecosystem Analysis
Figure 12. SAM Machine Condition Monitoring Market: Impact Analysis of Drivers and Restraints
Figure 13. SAM Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. SAM Machine Condition Monitoring Market Revenue Share, by Monitoring Technique (2019 and 2027)
Figure 15. SAM Vibration Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. SAM Thermography: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. SAM Oil Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. SAM Corrosion Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. SAM Ultrasound Emission: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. SAM Motor Current Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. SAM Machine Condition Monitoring Market Revenue Share, by Offering (2019 and 2027)
Figure 22. SAM Hardware: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. SAM Vibration Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. SAM Proximity Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. SAM Tachometer: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. SAM Infrared Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. SAM Spectrometer: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. SAM Ultrasound Detectors: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. SAM Corrosion Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. SAM Other: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. SAM Software: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. SAM Machine Condition Monitoring Market Revenue Share, by Deployment Type (2019 and 2027)
Figure 33. SAM Cloud: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. SAM On-Premise: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. SAM Machine Condition Monitoring Market Revenue Share, by Monitoring Process (2019 and 2027)
Figure 36. SAM Online Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. SAM Portable Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. SAM Machine Condition Monitoring Market Revenue Share, by End User (2019 and 2027)
Figure 39. SAM Oil & Gas: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. SAM Power Generation: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. SAM Automotive: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)
Figure 42. SAM Aerospace & Defense: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)
Figure 43. SAM Food & Beverage: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)
Figure 44. SAM Manufacturing: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)
Figure 45. SAM Other: Machine Condition Monitoring Market –Revenue and Forecast to 2027 (US$ Million)
Figure 46. SAM: Machine Condition Monitoring Market Revenue Share, By Country (2019 and 2027)
Figure 47. Brazil: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. Rest of SAM: Machine Condition Monitoring Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. Impact of COVID-19 Pandemic in SAM Markets
The List of Companies - South America Machine Condition Monitoring Market
- 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Machine Condition Monitoringmarket.
- 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 South America 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 South America market trends and outlook coupled with the factors driving the Machine Condition Monitoringmarket, 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.