Machine Condition Monitoring Sensors Market Growth Driven by Rise in Demand for Wireless Vibration Sensors : To Grow at a CAGR of 6.52% by 2021
Machine condition monitoring sensors are devices that are used for condition-based maintenance and monitoring of machines and industrial assets. They help in timely detection of machine damage, thereby reducing the operational expense for an organization. The global machine condition monitoring sensors market is segmented based on type, namely vibration, infrared, oil analysis, and other sensors. End-users of this market are oil and gas, power generation, aerospace and defense, chemical and petrochemical, and others.
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