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2017 Forecast – Machine Health Monitoring Global Market, Industry Size, Share, Analysis and Opportunities to 2023

Monday, March 20, 2017 5:04
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(Before It's News)

Latest industry research report on Machine Health Monitoring Market. Machine health monitoring is a process of monitoring or identifying the mechanical failure. The process is an effective way of meeting production needs in a timely manner. This predictive technique projects the condition of equipment, which ensures appropriate maintenance strategies are adopted at the right time. Besides reducing the repair time, the strategic tools play an eminent role the decision making process.

Growing emphasis on plant asset management to enhance productivity has contributed to the growth of the machine health monitoring devices.

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Moreover, continuous focus on the utilization of plant assets and need to curb possible machinery failures is driving the adoption of the technology. However, challenges in achieving ROI from the devices and unpredictable maintenance time have hindered the growth of the market to a larger extent.

The machine health monitoring market is segmented based on type, component, application, monitoring process and geography.

Machine Health Monitoring Market By Type

  • Lubricant Oil Analysis
  • Ultrasonic Inspection
  • MSCA
  • Vibration Monitoring
  • Infrared Thermography

Machine Health Monitoring Market By Component

  • Corrosion Probes
  • IR Sensors
  • Spectrometers
  • Ultrasonic Detectors
  • Vibration Sensors
  • Others

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Machine Health Monitoring Market By Application

  • Oil and Gas
  • Marine
  • Automotive
  • Energy and Power
  • Metals and Mining
  • Others

Machine Health Monitoring Market By Monitoring Process

  • Online Condition Monitoring
  • Portable Condition Monitoring

Machine Health Monitoring Market By Geography

  • North America
  • Europe
  • Asia -Pacific
  • LAMEA

Key Player

  • Bruel & Kjaer Vibro
  • Parker Kittiwake
  • SKF
  • Rockwell Automation
  • Honeywell
  • General
  • Fluke
  • Emerson

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