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
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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.
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Machine Condition Monitoring Market: Strategic Insights
Market Size Value in US$ 2,640.0 Million in 2019 Market Size Value by US$ 3,922.0 Million by 2027 Growth rate CAGR of 5.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Machine Condition Monitoring Market: Strategic Insights
| Market Size Value in | US$ 2,640.0 Million in 2019 |
| Market Size Value by | US$ 3,922.0 Million by 2027 |
| Growth rate | CAGR of 5.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Monitoring Technique ; Offering ; Deployment ; Monitoring Process ; and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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