Global Machine Condition Monitoring Equipment Market Size, Share, Development To 2022

Machine condition monitoring is a method of monitoring the condition of a machine with the intent to foretell mechanical wear and failure. The predicted data provides health information of the machine and helps to detect machinery faults timely, which prevents unexpected failure and costly repair of the machine. The machine condition monitoring equipment tracks changes in temperature, vibration, and output of machines, in order to detect imbalance, corrosion, wear, misalignment, sediment build-up, or poorly lubricated parts.

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Machine condition monitoring equipment market has gained importance over the past few years, as the focus of companies on productivity and asset utilization has significantly increased. The increasing use of remote monitoring, growth in heating, ventilating and air conditioning market, increasing demand for smart factories, in addition to growing penetration of industrial internet of things (IoT) are driving the growth of the global machine condition monitoring equipment market.

Chapter 1. Research Scope & Methodology

Market Definition
Objectives
Market Scope
Market breakdown by monitoring type

Chapter 2. Executive Summary

Key Findings
Research Summary


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Chapter 3. Market Outlook

Introduction
Trends in the Machine Condition Monitoring Equipment Market
Increasing outsourcing of machine maintainence services
Advancement in efficiency and accuracy of machine condition monitoring equipment

Chapter 4. Global Machine Condition Monitoring Equipment Market Size and Forecast (2012 – 2022)

Global Machine Condition Monitoring Equipment Market, by Monitoring Type
Vibration monitoring
Ultrasound emission
Thermography

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