The global machine condition monitoring equipment market is expected to grow at a CAGR of 4.5% during 2016 - 2022.

New York, NY -- (SBWire) -- 12/12/2016 --Among the various end users, the oil and gas segment accounted for largest share in the global machine condition monitoring equipment market in 2015. The surge in smart factories development, along with the advancement in efficiency and accuracy of machine conditioning component is expected to drive the growth of the Machine condition monitoring equipment market during the forecast period.

Over the last few years, asset management and reliability-centered maintenance has witnessed notable growth. In order to cut down the operating expenses, the companies are investing in predictive maintenance technologies for operating their plants more efficiently and productively.

Explore Full Report at: https://www.psmarketresearch.com/market-analysis/machine-condition-monitoring-market

The global online condition monitoring market is expected to witness considerable growth in predictive maintenance technique, especially in developing countries during the forecast period. Among the various components, the infrared sensor segment and corrosion probes segment are expected to be two of the fastest growing segments during the forecast period.

The global machine condition monitoring equipment market is fragmented, with only few larger players operating globally. The entry barrier for new entrants in machine condition monitoring equipment market is fairly low, owing to low capital requirement and significant low proprietary learning curve in machine condition monitoring technologies.

Some of the companies operating in the global machine condition monitoring equipment market include General Electric Company, Corrpro Companies Inc., Emerson Electric Co., Alava Ingenieros Group, AB SKF, 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, and Danaher Corporation.

Explore Related Research at: https://www.psmarketresearch.com/industry-report/semiconductor-and-electronics

GLOBAL MACHINE CONDITION MONITORING EQUIPMENT MARKET SEGMENTATION

By Monitoring Type

Vibration Monitoring
Ultrasound Emission
Thermography
Lubricating Oil Analysis
Corrosion Monitoring
Motor Current Signature Analysis
Other

By End User

Aerospace & Defense
Automotive
Chemicals
Marine
Metals & Mining
Oil & Gas
Energy & Power
Energy & Power
Other

By Monitoring Process

Portable Condition Monitoring
Online Condition Monitoring

By Component

Vibration Sensor
Ultrasound Detector
Infrared Sensor
Spectrometer
Spectrometer
Corrosion Probes
Spectrum Analyzer
Other

About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
Abhishek
Assistant – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com