Machine Condition Monitoring Market PDF: Size, Share, Trends, Analysis, Growth & Forecast to 2021-2026

1. Global Machine Condition Monitoring Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Machine Condition Monitoring Market Outlook 2026: According to the latest report by IMARC Group, titled "Machine Condition Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global machine condition monitoring market reached a value of US$ 2.40 Billion in 2020. Machine condition monitoring is the process of identifying potential faults and tracking the health and performance of a machine. It involves the measurement of various parameters like pressure, current, vibration, humidity, temperature, and revolutions per minute (RPM). Machine condition monitoring impacts the overall product quality and prevents potential damages by monitoring thermography, corrosion, ultrasound emissions, vibrations, oil and motor current analysis. It also enables accurate scheduling of maintenance programs and provides the required data for necessary diagnostics. Machine condition monitoring is commonly applied for anticipating conditions of pumps, electric motors, internal combustion engines (ICEs), and presses.

4. Report Description and Highlights Report Description Global Machine Condition Monitoring Market Trends: One of the key factors driving the market growth is the widespread employment of machine condition monitoring across various industries, such as food, manufacturing, packaging, robotics, and steelmaking. Moreover, these processes allow organizations to take necessary actions to reduce repair costs and increase overall productivity and profitability, which is escalating the demand for machine condition monitoring across the globe. Apart from this, technological advancements, such as cloud computing platforms, wireless communication, and the Internet of Things (IoT), are supporting the market growth further. Rapid expansion of the manufacturing industry, along with increasing awareness regarding the advantages of preventive machine maintenance amongst consumers is creating a positive outlook for the market further. Request for a free sample report: https://www.imarcgroup.com/machine-condition-monitoring- market/requestsample

5. Report Description Report Description and Highlights Market Summary: Breakup by technique: • Vibration monitoring • Thermography • Oil analysis • Corrosion monitoring • Motor current analysis Breakup by Deployment Type: • On-premises • Cloud-based Looking forward, the market is expected to exceed US$ 3.48 Billion by 2026, growing at a CAGR of 6.40% during 2021-2026.

6. Report Description Report Description and Highlights Breakup by End-Use: • Oil and gas • Power generation • Metals and mining • Chemicals • Automotive • Aerospace and defense • Food and beverages • Marine Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa

7. Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • Brüel & Kjær Vibro GmbH • Emerson Electric Co. • Flir Systems. Inc. • Fluke Corporation • General Electric (GE) Company • Honeywell International Inc. • National Instruments Corp. • Parker Hannifin Corp. • PCB Piezotronics • Rockwell Automation • Schaeffler Group • SKF • Symphony AzimaAI • Wilcoxon Sensing Technologies View Report TOC, Figures and Tables : https://www.imarcgroup.com/machine-condition-monitoring- market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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