Machine condition monitoring helps in prevention of machine failures and costly repair by analyzing the faults at the initial stage. Faults can be found out by various monitoring processes such as vibration monitoring, thermography, spectrographic monitoring among others.
A shift of maintenance process from preventive to predictive across industries to eliminate unnecessary maintenance cost is a key factor for the market growth.
Other factors such as the deployment of wireless technologies in machine conditioning, remote monitoring, and growth of HVAC industries is also contributing to the market growth. Emerging trend of industrial IoT and the advent of big data analytics will create significant opportunities for the machine condition monitoring solution vendors over the next five years. However, unpredictable maintenance period will hinder the market growth during the forecast period.

The global Machine Condition Monitoring Equipment market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Machine Condition Monitoring Equipment volume and value at global level, regional level and company level. From a global perspective, this report represents overall Machine Condition Monitoring Equipment market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Machine Condition Monitoring Equipment in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Machine Condition Monitoring Equipment manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

The following manufacturers are covered:
General Electric Company
Corrpro Companies Inc.
Emerson Electric Co.
Alava Ingenieros Group
Honeywell International Inc.
Parker Hannifin Corporation
Rockwell Automation Inc.
Azima Dli Corporation
SAJ Engineering and Trading Company
The Timken Company
National Instruments Corporation
Brüel & Kjær Vibro GmbH
Danaher Corporation

Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India

Segment by Type
Ultrasound Detector
Vibration Detector
Spectrometer
Infrared Sensor
Corrosion Probes
Spectral Analyser

Segment by Application
Construction and Mining
Oil and Gas
Energy and Power
Automotive
Marine
Aerospace and Defense
Others