The global machine
condition monitoring equipment market is expected to reach $3.2 billion
by 2023. The growth in the market can be attributed to the increasing use of
wireless technology, rising popularity of remote monitoring, along with growing
HVAC market.
On the basis of monitoring type, the machine condition
monitoring equipment market is categorized into vibration monitoring,
ultrasound emission, thermography, lubricating oil analysis, corrosion
monitoring, and motor current signature analysis.
Request Sample Copy
of Report :: https://www.psmarketresearch.com/market-analysis/machine-condition-monitoring-market/report-sample
Based on monitoring system, the machine condition monitoring
equipment market is segmented into portable monitoring system and fixed
monitoring system. Fixed condition monitoring systems provide more detailed
monitoring and analysis as compared to portable systems.
On the basis of type, the machine condition monitoring
equipment market has been segmented into hardware and software. The hardware
category held the higher market share of over 70% in 2017. However, the
software category is expected to witness faster CAGR during the forecast
period. The growth is primarily based on increased productivity and safety standards
along with increasing deployment of cloud services around the globe.
One of the major growth drivers for machine condition
monitoring equipment market is the technological advancements in wireless
communication. The features of wireless monitoring equipment such as low cost,
high efficiency is incomparable with wired monitoring equipment.
Read summary of
report here:: https://www.psmarketresearch.com/market-analysis/machine-condition-monitoring-market/
Some of the key players operating in the market are General
Electric (GE) Company, Corrpro Companies, Inc., Grupo Álava Ingenieros, AB SKF,
Honeywell International Inc., Rockwell Automation, Inc., Parker-Hannifin
Corporation, National Instruments Corporation, and Azima DLI Corporation.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Connect with us: LinkedIn | Twitter | Google + | Facebook
No comments:
Post a Comment