サマリー

機械状態監視の世界市場は、2022年の28億米ドルから2027年には40億米ドルへと、2022年～2027年の間にCAGR7.8％で成長すると予測されています。振動モニタリングのための振動センサや振動アナライザの利用が増加していること、いくつかの産業で予知保全技術への傾倒が高まっていることが、市場成長を促進する主な要因の1つであると考えられています。

COVID-19は、世界中に広がり、世界中の様々な産業を混乱させる世界的な大流行として出現しました。産業界の著名なプレーヤーは、このパンデミックの影響を受けています。エンドユーザー産業の成長の予見可能な減少は、機械状態監視市場にかなりの直接影響を与える可能性があります。
"2021年にOnlinecondition monitoring segmentaccounted for the larger share of market"
オンライン状態監視は、オペレータにリアルタイムのプラントデータを提供し、ポータブル状態監視プロセスよりもオンライン状態監視を有利にしています。オンライン状態監視システムは、24時間生産が必要な産業で使用されています。石油・ガス、発電、金属・鉱業などの業界では、生産集約型の産業であるため、システム全体のオーバーホール、高い修理費、安全でない作業環境など、一部の装置で故障が発生する確率が高く、オンライン状態監視システムを使用しています。そのため、このような産業では、資産や機械の継続的な監視が必要となります。そのため、石油・ガス、発電、金属・鉱業などの業界では、主にオンライン状態監視システムに依存しています。

"自動車産業は、予測期間中、機械状態監視市場の中で最も高いCAGRで成長すると予想される。"
自動車産業全体のプレーヤーは、組立ラインの自動化とアップグレードに熱心です。これらの組立ラインには複数のモーターが設置されているため、定期的な監視が必要です。モーター電流シグネチャ分析技術は、機械の故障を減らし、その寿命を延ばすのに役立ちます。自動車業界では、1日に生産される台数が大幅に増加しています。自動車製造工場の生産現場にある機械は、生産サイクルと生産量／効率を向上させるために、適切なメンテナンスが必要です。機械状態監視は予知保全を可能にし、自動車産業における組み立てラインの運用効率向上に貢献します。したがって、自動車産業は2022年から2027年にかけて大きな成長を示すと予想されます。

"予測期間中、北米が最大の市場シェアを占めると予想される"
製造企業が資産や資源の最適な活用を重視するようになったこと、職場や人員の安全に関する政府の規制が厳しくなったこと、石油・ガス、化学、食品・飲料業界の企業が遵守すべき厳しい品質管理基準などの要因が、北米における機械状態監視システムの需要を加速しています。効果的なプラント資産管理を重視し、Emerson Electric、General Electric、Honeywell International、National Instruments、Parker Hannifinなどの企業が米国に進出していることが、機械状態監視市場における同国の最大シェアに貢献しています。カナダとメキシコでは航空宇宙産業と石油・ガス産業が急速に発展しており、これが北米の市場成長を支えることになります。

主な参加企業のプロフィールを紹介します。
- 企業タイプ別：Tier1 40％、Tier2 25％、Tier3 35
- 役職別：Cレベル経営幹部35％、取締役40％、その他25
- 地域別：北米45％、欧州15％、アジア太平洋35％、RoW5％。

調査対象

機械状態監視市場は、監視技術、提供物、展開タイプ、監視プロセス、産業、地域ごとに区分されています。機械状態監視市場は、北米、ヨーロッパ、アジア太平洋（APAC）、その他の地域（RoW）で調査されています。

本レポートを購入する理由
- 機械状態監視市場の全体像を示すために、監視タイプ、提供、展開タイプ、監視プロセス、産業、地域に基づく市場の例示的な区分、分析、および予測が実施されています。
- Avalueチェーン分析はin-depth insightsintoマシンコンディションモニタリング市場を提供するために行われている。
- 主要なドライバ、拘束、機会、および機械状態監視markethaveにchallengespertainingは、このレポートに詳述されています。
- レポートでは、主要なプレーヤーと一緒に、市場のadetailed競争状況だけでなく、彼らの収入の詳細な分析が含まれています

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目次

1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION AND SCOPE 36
1.3 INCLUSIONS AND EXCLUSIONS 37
1.4 STUDY SCOPE 38
1.4.1 MARKETS COVERED 38
FIGURE 1 MACHINE CONDITION MONITORING MARKET SEGMENTATION 38
1.4.2 GEOGRAPHIC SCOPE 38
1.4.3 YEARS CONSIDERED 39
1.5 CURRENCY 39
1.6 MARKET STAKEHOLDERS 39
1.7 SUMMARY OF CHANGES 40
2 RESEARCH METHODOLOGY 41
2.1 INTRODUCTION 41
FIGURE 2 MACHINE CONDITION MONITORING MARKET: RESEARCH DESIGN 41
2.2 SECONDARY AND PRIMARY RESEARCH 43
2.2.1 SECONDARY DATA 43
2.2.1.1 List of major secondary sources 43
2.2.1.2 Key data from secondary sources 44
2.2.2 PRIMARY DATA 44
2.2.2.1 Primary interviews with experts 44
2.2.2.2 Key data from primary sources 45
2.2.2.3 Key industry insights 45
2.2.2.4 Breakdown of primaries 46
2.3 MARKET SIZE ESTIMATION 46
2.3.1 BOTTOM-UP APPROACH 46
2.3.1.1 Approach for arriving at market size using bottom-up analysis 46
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 47
2.3.2 TOP-DOWN APPROACH 47
2.3.2.1 Approach for capturing market size using top-down analysis 48
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 48
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: MACHINE CONDITION MONITORING MARKET USING SUPPLY-SIDE ANALYSIS 48
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 49
FIGURE 6 DATA TRIANGULATION 49
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS 50
2.5.1 RESEARCH ASSUMPTIONS 50
2.5.2 LIMITATIONS 50
2.6 RISK ASSESSMENT 51
FIGURE 7 RISK ASSESSMENT 51
3 EXECUTIVE SUMMARY 52
FIGURE 8 IMPACT ANALYSIS OF COVID-19 ON MACHINE CONDITION MONITORING MARKET 52
3.1 REALISTIC SCENARIO 53
TABLE 1 REALISTIC SCENARIO (POST-COVID-19) SCENARIO: MACHINE CONDITION MONITORING MARKET, 2022–2027 (USD MILLION) 53
3.2 OPTIMISTIC SCENARIO 53
TABLE 2 OPTIMISTIC SCENARIO (POST-COVID-19): MACHINE CONDITION MONITORING MARKET, 2022–2027 (USD MILLION) 53
3.3 PESSIMISTIC SCENARIO 53
TABLE 3 PESSIMISTIC SCENARIO (POST-COVID-19): MACHINE CONDITION MONITORING MARKET, 2022–2027 (USD MILLION) 53
FIGURE 9 ONLINE CONDITION MONITORING SEGMENT TO HOLD LARGER MARKET SHARE THAN PORTABLE MACHINE CONDITION MONITORING SEGMENT IN 2022 54
FIGURE 10 VIBRATION MONITORING TECHNIQUE TO RECORD LARGEST SIZE OF MACHINE CONDITION MONITORING MARKET IN 2022 54
FIGURE 11 AUTOMOTIVE INDUSTRY TO EXHIBIT HIGHEST CAGR FROM 2022 TO 2027 55
FIGURE 12 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF GLOBAL MACHINE CONDITION MONITORING MARKET IN 2021 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MACHINE CONDITION MONITORING MARKET 57
FIGURE 13 EMERGENCE OF SECURE CLOUD COMPUTING PLATFORMS SUITABLE FOR MACHINE CONDITION MONITORING TO PROPEL MARKET GROWTH 57
4.2 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE 57
FIGURE 14 VIBRATION MONITORING TECHNIQUE TO HAVE MAXIMUM CONTRIBUTION TO MACHINE CONDITION MONITORING MARKET FROM 2022 TO 2027 57
4.3 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT TYPE 58
FIGURE 15 ON-PREMISES DEPLOYMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2022 58
4.4 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY 58
FIGURE 16 POWER GENERATION INDUSTRY TO HOLD LARGEST SHARE OF MACHINE CONDITION MONITORING MARKET IN 2022 58
4.5 MACHINE CONDITION MONITORING MARKET, BY REGION 59
FIGURE 17 INDIA TO RECORD HIGHEST CAGR IN MACHINE CONDITION MONITORING MARKET FROM 2022 TO 2027 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 60
FIGURE 18 MACHINE CONDITION MONITORING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 60
5.2.1 DRIVERS 61
5.2.1.1 Growing requirement for remote industrial operations due to spread of COVID-19 61
5.2.1.2 Rising inclination toward real-time condition monitoring through highly secure cloud computing platforms 61
5.2.1.3 Surging adoption of wireless communication technology in machine condition monitoring 62
5.2.1.4 Increasing use of predictive maintenance techniques by industry players 62
5.2.1.5 Accelerating deployment of automated condition monitoring technologies in smart factories 63
5.2.1.6 Increasing awareness in manufacturers worldwide regarding benefits of installing condition monitoring systems 63
FIGURE 19 IMPACT ANALYSIS OF DRIVERS ON MACHINE CONDITION MONITORING MARKET 64
5.2.2 RESTRAINTS 64
5.2.2.1 Lack of trust in prediction capabilities of machine condition monitoring systems 64
5.2.2.2 Shortage of technical expertise necessary to carry out data analysis 65
FIGURE 20 IMPACT ANALYSIS OF RESTRAINTS ON MACHINE CONDITION MONITORING MARKET 65
5.2.3 OPPORTUNITIES 65
5.2.3.1 Advent and integration of machine learning and big data analytics in asset monitoring 65
5.2.3.2 Focus of market players on strategic partnerships and collaborations to develop world-class machine monitoring products 66
5.2.3.3 Emergence of IIoT to unfold new growth avenues 66
FIGURE 21 IMPACT ANALYSIS OF OPPORTUNITIES ON MACHINE CONDITION MONITORING MARKET 67
5.2.4 CHALLENGES 67
5.2.4.1 Availability of experts at remote locations 67
5.2.4.2 Requirement for additional expenses to retrofit existing systems 67
5.2.4.3 Integration of machine condition monitoring systems with other maintenance systems 68
5.2.4.4 Impact of COVID-19 on growth of oil & gas industry 68
FIGURE 22 IMPACT ANALYSIS OF CHALLENGES ON MACHINE CONDITION MONITORING MARKET 69
5.3 VALUE CHAIN ANALYSIS 70
FIGURE 23 VALUE CHAIN ANALYSIS: MACHINE CONDITION MONITORING SOLUTIONS 70
5.4 ECOSYSTEM ANALYSIS 71
FIGURE 24 ECOSYSTEM 71
TABLE 4 MACHINE CONDITIONING MONITORING MARKET: ECOSYSTEM 72
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS 73
FIGURE 25 REVENUE SHIFT FOR MACHINE CONDITIONING MONITORING MARKET 73
5.6 PORTER’S FIVE FORCES ANALYSIS 73
TABLE 5 MACHINE CONDITION MONITORING MARKET: PORTER’S FIVE FORCES ANALYSIS 74
5.7 CASE STUDY ANALYSIS 75
TABLE 6 SKF ONLINE CONDITION MONITORING SYSTEM REDUCES DOWNTIME OF STEEL ROLLING MILL 75
TABLE 7 BARKING POWER STATION REDUCES PLANT DOWNTIME AND ENHANCES OPERATOR SAFETY USING WIRELESS VIBRATION TRANSMITTERS OF EMERSON 76
TABLE 8 VIBRATION-BASED CONDITION MONITORING OF ROTATING PART OF MILLING MACHINE USING SPECTRUM ANALYSIS 76
5.8 TECHNOLOGY ANALYSIS 76
5.8.1 INTERNET OF THINGS (IOT) 76
FIGURE 26 UTILIZATION OF IOT PLATFORMS BY CONDITION MONITORING SYSTEM USERS 77
5.8.2 CLOUD COMPUTING TECHNOLOGY 77
FIGURE 27 ADVANTAGES OF CLOUD-BASED MACHINE CONDITION MONITORING 78
FIGURE 28 INDUSTRIAL DEVELOPMENT MODEL 78
5.8.3 MULTI-PARAMETER CONDITION MONITORING 79
5.8.4 CLOUD-BASED PREDICTIVE MAINTENANCE (MAINTENANCE–AS–A–SERVICE) 79
FIGURE 29 DATA EXCHANGE IN CLOUD-BASED MAINTENANCE FRAMEWORK 80
5.9 PRICING ANALYSIS 81
5.9.1 ASP ANALYSIS OF KEY PLAYERS 81
FIGURE 30 ASP OF VIBRATION SENSORS BASED ON OPERATING TEMPERATURE 81
TABLE 9 APPROXIMATE AVERAGE SELLING PRICES OF VIBRATION SENSORS BASED ON OPERATING TEMPERATURE, BY COMPANY 82
5.9.2 ASP TREND 82
TABLE 10 AVERAGE SELLING PRICES OF MACHINE CONDITION MONITORING HARDWARE COMPONENTS 82
5.10 TRADE ANALYSIS 83
5.10.1 IMPORT SCENARIO 83
FIGURE 31 IMPORTS, BY KEY COUNTRY, 2016–2020 (USD MILLION) 83
5.10.2 EXPORT SCENARIO 84
FIGURE 32 EXPORTS, BY KEY COUNTRY, 2016–2020 (USD MILLION) 84
5.11 KEY CONFERENCES AND EVENTS IN 2022 AND 2023 84
TABLE 11 MACHINE CONDITION MONITORING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 84
5.12 PATENT ANALYSIS 85
FIGURE 33 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 85
TABLE 12 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS 85
FIGURE 34 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021 86
TABLE 13 LIST OF SOME PATENTS IN MACHINE CONDITIONING MONITORING MARKET 86
5.13 REGULATORY LANDSCAPE 87
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO MARKET UNDER STUDY 87
TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
5.13.2 STANDARDS AND REGULATIONS RELATED TO MARKET 88
5.13.2.1 API 88
5.13.2.2 ASTM 89
5.13.2.3 ISO 89
5.13.2.4 MIMOSA 90
5.13.3 SAFETY STANDARDS FOR MCMM 91
TABLE 17 SAFETY STANDARDS FOR MCMM 91
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 91
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 91
FIGURE 35 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE INDUSTRIES 91
TABLE 18 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE INDUSTRIES (%) 92
5.14.2 BUYING CRITERIA 92
FIGURE 36 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 92
TABLE 19 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 92
6 APPLICATIONS OF MACHINE CONDITION MONITORING SYSTEMS 93
6.1 INTRODUCTION 93
FIGURE 37 MACHINE CONDITION MONITORING IS MAINLY USED FOR PUMPS 93
6.2 PUMPS 94
6.3 CHILLERS 94
6.4 MOTORS 94
6.5 BEARINGS 95
6.6 OTHERS 95
7 PROCUREMENT OF MACHINE CONDITION MONITORING EQUIPMENT 96
7.1 INTRODUCTION 96
FIGURE 38 ORIGINAL EQUIPMENT MANUFACTURERS COMMAND MACHINE CONDITION MONITORING MARKET 96
7.2 ORIGINAL EQUIPMENT MANUFACTURERS 96
7.3 END USERS 96
8 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE 97
8.1 INTRODUCTION 98
FIGURE 39 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE 98
FIGURE 40 VIBRATION MONITORING TECHNIQUE TO ACCOUNT FOR LARGEST SHARE OF MACHINE CONDITION MONITORING MARKET FROM 2022 TO 2027 99
TABLE 20 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 99
TABLE 21 MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 99
8.2 VIBRATION MONITORING 100
FIGURE 41 VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2021 101
8.2.1 EMBEDDED SYSTEMS 101
8.2.1.1 Embedded systems are increasingly deployed in power generation and oil & gas industries 101
8.2.2 VIBRATION ANALYZERS AND METERS 101
8.2.2.1 Vibration analyzers record data with greater precision by identifying vibration acceleration, vibration velocity, and vibration displacement parameters 101
TABLE 22 VIBRATION MONITORING MARKET, BY OFFERING,
2018–2021 (USD MILLION) 102
TABLE 23 VIBRATION MONITORING MARKET, BY OFFERING,
2022–2027 (USD MILLION) 102
TABLE 24 VIBRATION MONITORING MARKET, BY MONITORING PROCESS,
2018–2021 (USD MILLION) 102
TABLE 25 VIBRATION MONITORING MARKET, BY MONITORING PROCESS,
2022–2027 (USD MILLION) 102
TABLE 26 VIBRATION MONITORING MARKET, BY INDUSTRY,
2018–2021 (USD MILLION) 103
TABLE 27 VIBRATION MONITORING MARKET, BY INDUSTRY,
2022–2027 (USD MILLION) 103
8.3 THERMOGRAPHY 104
8.3.1 THERMOGRAPHY TECHNIQUE IS USEFUL IN DETECTING SEVERAL ISSUES SUCH AS FAULTY FUSE AND INSULATION FAILURES 104
FIGURE 42 ONLINE CONDITION MONITORING PROCESS TO DOMINATE MARKET FOR THERMOGRAPHY TECHNIQUE FROM 2022 TO 2027 105
TABLE 28 THERMOGRAPHY MARKET, BY OFFERING, 2018–2021 (USD MILLION) 105
TABLE 29 THERMOGRAPHY MARKET, BY OFFERING, 2022–2027 (USD MILLION) 105
TABLE 30 THERMOGRAPHY MARKET, BY MONITORING PROCESS,
2018–2021 (USD MILLION) 106
TABLE 31 THERMOGRAPHY MARKET, BY MONITORING PROCESS,
2022–2027 (USD MILLION) 106
TABLE 32 THERMOGRAPHY MARKET, BY INDUSTRY, 2018–2021 (USD MILLION) 106
TABLE 33 THERMOGRAPHY MARKET, BY INDUSTRY, 2022–2027 (USD MILLION) 107
8.4 OIL ANALYSIS 107
8.4.1 OIL ANALYSIS TECHNIQUE IS USED TO ANALYZE MACHINE WEAR AND QUALITY OF MACHINERY LUBRICANTS 107
FIGURE 43 ADVANTAGES OF OIL ANALYSIS TECHNIQUE 108
TABLE 34 OIL ANALYSIS MARKET, BY OFFERING, 2018–2021 (USD MILLION) 109
TABLE 35 OIL ANALYSIS MARKET, BY OFFERING, 2022–2027 (USD MILLION) 109
TABLE 36 OIL ANALYSIS MARKET, BY MONITORING PROCESS,
2018–2021 (USD MILLION) 109
TABLE 37 OIL ANALYSIS MARKET, BY MONITORING PROCESS,
2022–2027 (USD MILLION) 109
TABLE 38 OIL ANALYSIS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION) 110
TABLE 39 OIL ANALYSIS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION) 110
8.5 CORROSION MONITORING 111
8.5.1 CORROSION MONITORING IS PRIMARILY APPLICABLE TO BOILERS, VACUUM TOWERS, CRUDE OIL SYSTEMS, AND TRANSPORTATION PIPELINES 111
TABLE 40 CORROSION MONITORING MARKET, BY OFFERING,
2018–2021 (USD MILLION) 111
TABLE 41 CORROSION MONITORING MARKET, BY OFFERING,
2022–2027 (USD MILLION) 112
TABLE 42 CORROSION MONITORING MARKET, BY MONITORING PROCESS,
2018–2021 (USD MILLION) 112
TABLE 43 CORROSION MONITORING MARKET, BY MONITORING PROCESS,
2022–2027 (USD MILLION) 112
TABLE 44 CORROSION MONITORING MARKET, BY INDUSTRY,
2018–2021 (USD MILLION) 113
TABLE 45 CORROSION MONITORING MARKET, BY INDUSTRY,
2022–2027 (USD MILLION) 113
8.6 ULTRASOUND EMISSION 114
8.6.1 ULTRASOUND EMISSION MONITORING HELPS DETECT DEFECTS IN ELECTRIC EQUIPMENT 114
TABLE 46 ULTRASOUND EMISSION MARKET, BY OFFERING,
2018–2021 (USD MILLION) 114
TABLE 47 ULTRASOUND EMISSION MARKET, BY OFFERING,
2022–2027 (USD MILLION) 115
TABLE 48 ULTRASOUND EMISSION MARKET, BY MONITORING PROCESS,
2018–2021 (USD MILLION) 115
TABLE 49 ULTRASOUND EMISSION MARKET, BY MONITORING PROCESS,
2022–2027 (USD MILLION) 115
TABLE 50 ULTRASOUND EMISSION MARKET, BY INDUSTRY,
2018–2021 (USD MILLION) 116
TABLE 51 ULTRASOUND EMISSION MARKET, BY INDUSTRY,
2022–2027 (USD MILLION) 116
8.7 MOTOR CURRENT ANALYSIS 117
8.7.1 MOTOR CURRENT ANALYSIS MONITORING TECHNIQUE IS USEFUL FOR EARLY DETECTION OF FAULTS 117
FIGURE 44 SPECTRUM ANALYZERS TO ACCOUNT FOR LARGEST MARKET SHARE FOR MOTOR CURRENT ANALYSIS TECHNIQUE FROM 2022 TO 2027 118
TABLE 52 MOTOR CURRENT ANALYSIS MARKET, BY OFFERING,
2018–2021 (USD MILLION) 118
TABLE 53 MOTOR CURRENT ANALYSIS MARKET, BY OFFERING,
2022–2027 (USD MILLION) 118
TABLE 54 MOTOR CURRENT ANALYSIS MARKET, BY MONITORING PROCESS,
2018–2021 (USD MILLION) 119
TABLE 55 MOTOR CURRENT ANALYSIS MARKET, BY MONITORING PROCESS,
2022–2027 (USD MILLION) 119
TABLE 56 MOTOR CURRENT ANALYSIS MARKET, BY INDUSTRY,
2018–2021 (USD MILLION) 119
TABLE 57 MOTOR CURRENT ANALYSIS MARKET, BY INDUSTRY,
2022–2027 (USD MILLION) 120
9 MACHINE CONDITION MONITORING MARKET, BY OFFERING 121
9.1 INTRODUCTION 122
FIGURE 45 MACHINE CONDITION MONITORING MARKET, BY OFFERING 122
FIGURE 46 HARDWARE SEGMENT TO ACCOUNT FOR LARGER SHARE OF MACHINE CONDITION MONITORING MARKET FROM 2022 TO 2027 123
TABLE 58 MACHINE CONDITION MONITORING MARKET, BY OFFERING,
2018–2021 (USD MILLION) 123
TABLE 59 MACHINE CONDITION MONITORING MARKET, BY OFFERING,
2022–2027 (USD MILLION) 123
9.2 HARDWARE 124
TABLE 60 MACHINE CONDITION MONITORING HARDWARE MARKET, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 124
TABLE 61 MACHINE CONDITION MONITORING HARDWARE MARKET, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 124
TABLE 62 MACHINE CONDITION MONITORING HARDWARE MARKET, BY TYPE,
2018–2021 (USD MILLION) 125
TABLE 63 MACHINE CONDITION MONITORING HARDWARE MARKET, BY TYPE,
2022–2027 (USD MILLION) 125
9.2.1 VIBRATION SENSORS 126
9.2.1.1 Accelerometers 126
9.2.1.1.1 Increased use of accelerometers in industrial plants to analyze vibrations in rotating machinery tools 126
9.2.1.2 Proximity probes 126
9.2.1.2.1 High demand for proximity probes to carry out accurate displacement measurements of devices 126
9.2.1.3 Tachometers 127
9.2.1.3.1 Surged adoption of tachometers to measure speed of rotating machines efficiently 127
9.2.2 INFRARED SENSORS 127
9.2.2.1 Thermal infrared sensors 127
9.2.2.1.1 Growing use of thermal infrared sensors to detect possible faults in machines triggered by heat 127
9.2.2.2 Quantum infrared sensors 127
9.2.2.2.1 Elevating need for quantum infrared sensors to monitor temperature variations in machines 127
9.2.3 SPECTROMETERS 128
9.2.3.1 Infrared spectrometers 128
9.2.3.1.1 Elevating demand for infrared spectrometers to identify varieties of materials 128
9.2.3.2 Ultraviolet spectrometers 128
9.2.3.2.1 Increasing consumption of ultraviolet spectrometers to carry out oil analysis 128
9.2.3.3 Atomic spectrometers 128
9.2.3.3.1 Growing utilization of atomic spectrometers by several industries to effectively identify foreign particles in oil samples 128
9.2.3.4 Mass spectrometers 129
9.2.3.4.1 Rising use of mass spectrometers to recognize contaminating compounds in lubricating oil samples 129
9.2.4 ULTRASOUND DETECTORS 129
9.2.4.1 Sound pressure meters 129
9.2.4.1.1 Elevating demand for sound pressure meters for hassle-free noise-level measurements 129
9.2.4.2 Stethoscopes 129
9.2.4.2.1 Rising consumption of stethoscopes to monitor noise levels in machine components 129
9.2.4.3 Ultrasound leak detectors 130
9.2.4.3.1 Surging adoption of ultrasound leak detectors to identify leakages in vacuum and compressed air systems 130
9.2.5 SPECTRUM ANALYZERS 130
9.2.5.1 Swept spectrum analyzers 130
9.2.5.1.1 Significant use of swept spectrum analyzers to evaluate frequency of faulty machine parts 130
9.2.5.2 Real-time spectrum analyzers 130
9.2.5.2.1 Increased adoption of real-time spectrum analyzers for motor current analysis 130
9.2.6 CORROSION PROBES 130
9.2.6.1 Corrosion probes are deployed in several industries to monitor and evaluate corrosion rate in equipment 130
9.2.7 OTHERS 131
9.3 SOFTWARE 131
TABLE 64 LIST OF MACHINE CONDITION MONITORING SOFTWARE PROVIDERS AND THEIR HEADQUARTERS 131
TABLE 65 MACHINE CONDITION MONITORING SOFTWARE MARKET, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 132
TABLE 66 MACHINE CONDITION MONITORING SOFTWARE MARKET, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 133
9.3.1 DATA INTEGRATION 133
9.3.1.1 Data integration is vital for careful analysis of machine health 133
9.3.2 DIAGNOSTIC REPORTING 133
9.3.2.1 Diagnostic reporting enables generation of extensive data necessary to monitor machine condition 133
9.3.3 ORDER TRACKING ANALYSIS 133
9.3.3.1 Order tracking analysis is important to record changes in signal amplitude measurements 133
9.3.4 PARAMETER CALCULATION 134
9.3.4.1 Parameter calculation supports scheduling maintenance activities in advance 134
9.4 SERVICES 134
9.4.1 ROUTE-BASED MONITORING 134
9.4.1.1 Route monitoring supports predictive maintenance of machines in plants 134
9.4.2 INTEGRATED MONITORING 135
9.4.2.1 Integrated monitoring services include providing data necessary to carry out preventive maintenance activities in advance 135
9.4.3 CONTINUOUS REMOTE MONITORING 135
9.4.3.1 Continuous remote monitoring helps in efficient and real-time monitoring of machine condition 135
10 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT TYPE 136
10.1 INTRODUCTION 137
FIGURE 47 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT TYPE 137
FIGURE 48 ON-PREMISES DEPLOYMENT TYPE TO CONTRIBUTE LARGER SHARE OF MACHINE CONDITION MONITORING MARKET IN 2022 137
TABLE 67 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT TYPE,
2018–2021 (USD MILLION) 138
TABLE 68 MACHINE CONDITION MONITORING MARKET, BY DEPLOYMENT TYPE,
2022–2027 (USD MILLION) 138
10.2 ON-PREMISES 139
10.2.1 RISING PREFERENCE FOR HIGHLY SECURE ON-PREMISES DEPLOYMENT TO ACCELERATE MARKET GROWTH 139
FIGURE 49 LIMITATIONS OF ON-PREMISES DEPLOYMENT 139
10.3 CLOUD 140
10.3.1 GROWING REQUIREMENT FOR REMOTE MONITORING TO SUPPORT DEMAND FOR CLOUD DEPLOYMENT 140
FIGURE 50 ADVANTAGES OF CLOUD DEPLOYMENT 140
11 MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS 141
11.1 INTRODUCTION 142
FIGURE 51 MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS 142
FIGURE 52 ONLINE CONDITION MONITORING PROCESS TO LEAD MACHINE CONDITION MONITORING MARKET FROM 2022 TO 2027 142
TABLE 69 MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2018–2021 (USD MILLION) 143
TABLE 70 MACHINE CONDITION MONITORING MARKET, BY MONITORING PROCESS, 2022–2027 (USD MILLION) 143
11.2 ONLINE CONDITION MONITORING 144
11.2.1 PLANT OPERATORS OBTAIN REAL-TIME EQUIPMENT HEALTH INSIGHTS USING ONLINE CONDITION MONITORING SYSTEMS 144
FIGURE 53 MOTOR CURRENT ANALYSIS TECHNIQUE TO EXHIBIT HIGHEST CAGR IN ONLINE MACHINE CONDITION MONITORING MARKET FROM 2022 TO 2027 144
TABLE 71 ONLINE MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 145
TABLE 72 ONLINE MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 145
TABLE 73 ONLINE MACHINE CONDITION MONITORING MARKET, BY INDUSTRY,
2018–2021 (USD MILLION) 145
TABLE 74 ONLINE MACHINE CONDITION MONITORING MARKET, BY INDUSTRY,
2022–2027 (USD MILLION) 146
11.3 PORTABLE CONDITION MONITORING 146
11.3.1 PORTABLE CONDITION MONITORING IS COST-EFFECTIVE AND MAXIMIZES PRODUCTION OUTPUT 146
TABLE 75 PORTABLE MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 147
TABLE 76 PORTABLE MACHINE CONDITION MONITORING MARKET, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 147
TABLE 77 PORTABLE MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2018–2021 (USD MILLION) 147
TABLE 78 PORTABLE MACHINE CONDITION MONITORING MARKET, BY INDUSTRY, 2022–2027 (USD MILLION) 148
12 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY 149
12.1 INTRODUCTION 150
FIGURE 54 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY 150
FIGURE 55 AUTOMOTIVE INDUSTRY TO RECORD HIGHEST CAGR IN MACHINE CONDITION MONITORING MARKET FROM 2022 TO 2027 151
TABLE 79 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY,
2018–2021 (USD MILLION) 151
TABLE 80 MACHINE CONDITION MONITORING MARKET, BY INDUSTRY,
2022–2027 (USD MILLION) 152
12.2 OIL & GAS 153
12.2.1 SURGING ADOPTION OF SMART FACTORY TECHNOLOGIES BY OIL & GAS COMPANIES TO CREATE REQUIREMENT FOR MACHINE CONDITION MONITORING SYSTEMS 153
FIGURE 56 ONLINE CONDITION MONITORING SEGMENT TO CAPTURE LARGER MARKET SHARE FOR OIL & GAS INDUSTRY IN 2027 154
TABLE 81 MACHINE CONDITION MONITORING MARKET FOR OIL & GAS INDUSTRY,
BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 154
TABLE 82 MACHINE CONDITION MONITORING MARKET FOR OIL & GAS INDUSTRY,
BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 154
TABLE 83 MACHINE CONDITION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY MONITORING PROCESS, 2018–2021 (USD MILLION) 155
TABLE 84 MACHINE CONDITION MONITORING MARKET FOR OIL & GAS INDUSTRY,
BY MONITORING PROCESS, 2022–2027 (USD MILLION) 155
TABLE 85 MACHINE CONDITION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 155
TABLE 86 MACHINE CONDITION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2022–2027 (USD MILLION) 155
12.3 POWER GENERATION 156
12.3.1 INCREASING INVESTMENTS IN SUSTAINABLE ENERGY TO ACCELERATE DEMAND FOR MACHINE CONDITION MONITORING SYSTEMS BY POWER GENERATION INDUSTRY 157
TABLE 87 MACHINE CONDITION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 157
TABLE 88 MACHINE CONDITION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 157
TABLE 89 MACHINE CONDITION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY MONITORING PROCESS, 2018–2021 (USD MILLION) 158
TABLE 90 MACHINE CONDITION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY MONITORING PROCESS, 2022–2027 (USD MILLION) 158
TABLE 91 MACHINE CONDITION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 158
TABLE 92 MACHINE CONDITION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2022–2027 (USD MILLION) 158
12.4 METALS & MINING 159
12.4.1 RISING CONSUMPTION OF VIBRATION SENSORS IN MINING INDUSTRY SUPPORTS MARKET GROWTH 159
FIGURE 57 VIBRATION MONITORING TECHNIQUE TO ACCOUNT FOR LARGEST MARKET SHARE FOR METALS & MINING INDUSTRY IN 2022 160
TABLE 93 MACHINE CONDITION MONITORING MARKET FOR METALS & MINING INDUSTRY, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 160
TABLE 94 MACHINE CONDITION MONITORING MARKET FOR METALS & MINING INDUSTRY, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 160
TABLE 95 MACHINE CONDITION MONITORING MARKET FOR METALS & MINING INDUSTRY, BY MONITORING PROCESS, 2018–2021 (USD MILLION) 161
TABLE 96 MACHINE CONDITION MONITORING MARKET FOR METALS & MINING INDUSTRY, BY MONITORING PROCESS, 2022–2027 (USD MILLION) 161
TABLE 97 MACHINE CONDITION MONITORING MARKET FOR METALS & MINING INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 161
TABLE 98 MACHINE CONDITION MONITORING MARKET FOR METALS & MINING INDUSTRY, BY REGION, 2022–2027 (USD MILLION) 161
12.5 CHEMICALS 162
12.5.1 GROWING IMPLEMENTATION OF CONDITION MONITORING SOLUTIONS IN CHEMICALS INDUSTRY TO FUEL MARKET GROWTH 162
TABLE 99 MACHINE CONDITION MONITORING MARKET FOR CHEMICALS INDUSTRY,
BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 163
TABLE 100 MACHINE CONDITION MONITORING MARKET FOR CHEMICALS INDUSTRY,
BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 163
TABLE 101 MACHINE CONDITION MONITORING MARKET FOR CHEMICALS INDUSTRY,
BY MONITORING PROCESS, 2018–2021 (USD MILLION) 163
TABLE 102 MACHINE CONDITION MONITORING MARKET FOR CHEMICALS INDUSTRY, BY MONITORING PROCESS, 2022–2027 (USD MILLION) 164
TABLE 103 MACHINE CONDITION MONITORING MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 164
TABLE 104 MACHINE CONDITION MONITORING MARKET FOR CHEMICALS INDUSTRY,
BY REGION, 2022–2027 (USD MILLION) 164
12.6 AUTOMOTIVE 165
12.6.1 INCREASING FOCUS OF PLANT MANAGERS TO ADOPT IIOT FOR EFFECTIVE INSPECTION OF CRITICAL MACHINERY AND PLANNING OF MAINTENANCE IN ADVANCE 165
TABLE 105 MACHINE CONDITION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 165
TABLE 106 MACHINE CONDITION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 166
TABLE 107 MACHINE CONDITION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY MONITORING PROCESS, 2018–2021 (USD MILLION) 166
TABLE 108 MACHINE CONDITION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY MONITORING PROCESS, 2022–2027 (USD MILLION) 166
TABLE 109 MACHINE CONDITION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 167
TABLE 110 MACHINE CONDITION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2022–2027 (USD MILLION) 167
12.7 AEROSPACE 167
12.7.1 EMERGING USE CASES OF INDUSTRY 4.0 IN AEROSPACE TO STIMULATE DEMAND FOR MACHINE MONITORING SOLUTIONS 168
TABLE 111 MACHINE CONDITION MONITORING MARKET FOR AEROSPACE INDUSTRY, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 168
TABLE 112 MACHINE CONDITION MONITORING MARKET FOR AEROSPACE INDUSTRY,
BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 169
TABLE 113 MACHINE CONDITION MONITORING MARKET FOR AEROSPACE INDUSTRY,
BY MONITORING PROCESS, 2018–2021 (USD MILLION) 169
TABLE 114 MACHINE CONDITION MONITORING MARKET FOR AEROSPACE INDUSTRY, BY MONITORING PROCESS, 2022–2027 (USD MILLION) 169
TABLE 115 MACHINE CONDITION MONITORING MARKET FOR AEROSPACE INDUSTRY,
BY REGION, 2018–2021 (USD MILLION) 170
TABLE 116 MACHINE CONDITION MONITORING MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2022–2027 (USD MILLION) 170
12.8 FOOD & BEVERAGES 170
12.8.1 AMPLIFYING AUTOMATION SUCCESS IN FOOD & BEVERAGES INDUSTRY TO PROPEL MACHINE CONDITION MONITORING MARKET GROWTH 171
TABLE 117 MACHINE CONDITION MONITORING MARKET FOR FOOD & BEVERAGES INDUSTRY, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 171
TABLE 118 MACHINE CONDITION MONITORING MARKET FOR FOOD & BEVERAGES INDUSTRY, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 172
TABLE 119 MACHINE CONDITION MONITORING MARKET FOR FOOD & BEVERAGES INDUSTRY, BY MONITORING PROCESS, 2018–2021 (USD MILLION) 172
TABLE 120 MACHINE CONDITION MONITORING MARKET FOR FOOD & BEVERAGES INDUSTRY, BY MONITORING PROCESS, 2022–2027 (USD MILLION) 172
TABLE 121 MACHINE CONDITION MONITORING MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 173
TABLE 122 MACHINE CONDITION MONITORING MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2022–2027 (USD MILLION) 173
12.9 MARINE 173
12.9.1 INCREASING IMPORTANCE OF PREDICTIVE MAINTENANCE IN MARINE INDUSTRY TO PROPEL GROWTH OF MACHINE CONDITION MONITORING MARKET 174
FIGURE 58 ONLINE CONDITION MONITORING PROCESS TO ACCOUNT FOR LARGER MARKET SHARE FOR MARINE INDUSTRY IN 2027 174
TABLE 123 MACHINE CONDITION MONITORING MARKET FOR MARINE INDUSTRY,
BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 174
TABLE 124 MACHINE CONDITION MONITORING MARKET FOR MARINE INDUSTRY, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 175
TABLE 125 MACHINE CONDITION MONITORING MARKET FOR MARINE INDUSTRY, BY MONITORING PROCESS, 2018–2021 (USD MILLION) 175
TABLE 126 MACHINE CONDITION MONITORING MARKET FOR MARINE INDUSTRY,
BY MONITORING PROCESS, 2022–2027 (USD MILLION) 175
TABLE 127 MACHINE CONDITION MONITORING MARKET FOR MARINE INDUSTRY,
BY REGION, 2018–2021 (USD MILLION) 176
TABLE 128 MACHINE CONDITION MONITORING MARKET FOR MARINE INDUSTRY, BY REGION, 2022–2027 (USD MILLION) 176
12.10 OTHERS 176
TABLE 129 MACHINE CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY MONITORING TECHNIQUE, 2018–2021 (USD MILLION) 177
TABLE 130 MACHINE CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY MONITORING TECHNIQUE, 2022–2027 (USD MILLION) 177
TABLE 131 MACHINE CONDITION MONITORING MARKET FOR OTHER INDUSTRIES,
BY MONITORING PROCESS, 2018–2021 (USD MILLION) 177
TABLE 132 MACHINE CONDITION MONITORING MARKET FOR OTHER INDUSTRIES,
BY MONITORING PROCESS, 2022–2027 (USD MILLION) 178
TABLE 133 MACHINE CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2018–2021 (USD MILLION) 178
TABLE 134 MACHINE CONDITION MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2022–2027 (USD MILLION) 178