Albany, NY -- (SBWIRE) -- 10/04/2017 -- 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.

The global machine condition monitoring sensors market to grow at a CAGR of 6.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global machine condition monitoring sensors market for 2017-2021. To calculate the market size, the report considers the sales and replacement market.

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The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Machine Condition Monitoring Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Connection Technology Center
Emerson
Parker Hannifin
Rockwell Automation
SKF
Other prominent vendors
CM Technologies
Fluke
HBM
ifm electronic
Ludeca
Meggitt
Mitsubishi Electric
National Instruments
NVMS Measurements Systems
PCB Piezotronics (MTS Systems)
PRFTECHNIK Dieter Busch
SDT Ultrasound Solutions
Valmet
Xi'an Kacise Optronics

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Market driver
Rise in demand for wireless vibration sensors
For a full, detailed list, view our report

Market challenge
High maintenance and replacement costs
For a full, detailed list, view our report

Market trend
Adoption of real-time monitoring
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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