Condition Monitoring System Market size, share and Key Trends 2015-2025 by Future Market Insights
The growing level of mechanization and automation in the manufacturing sector today has led to increased focus of players towards the efficiency of plant and hence the production processes. Thus it becomes vital to stop unscheduled outages of machines and optimize its performance. Condition monitoring is a process that provides information about the health of a machine by well-timed monitoring of machine condition. High availability of machines is the most significant lever for increasing productivity of a manufacturing unit, therefore it becomes necessary to identify potential sources of errors beforehand. The condition monitoring system intends to predict the mechanical wear and failure of a machine and facilitates preventive maintenance, reduce repair time and hence down time of a machine. Vibration, temperature and noise measurements are the key indicators used in machine condition monitoring. Condition monitoring system acts as an important tool particularly for difficult to reach plant and machines that can only be reached under specific condition such wind turbine and oil & gas plants, so the condition of machine is monitored regularly using online machine condition monitoring system. Other type of condition monitoring systems available are route-based monitoring, portable machine diagnostics, factory assurance test and online machine protection.
The growing level of mechanization and automation in the manufacturing sector today has led to increased focus of players towards the efficiency of plant and hence the production processes. Thus it becomes vital to stop unscheduled outages of machines and optimize its performance. Condition monitoring is a process that provides information about the health of a machine by well-timed monitoring of machine condition. High availability of machines is the most significant lever for increasing productivity of a manufacturing unit, therefore it becomes necessary to identify potential sources of errors beforehand. The condition monitoring system intends to predict the mechanical wear and failure of a machine and facilitates preventive maintenance, reduce repair time and hence down time of a machine. Vibration, temperature and noise measurements are the key indicators used in machine condition monitoring. Condition monitoring system acts as an important tool particularly for difficult to reach plant and machines that can only be reached under specific condition such wind turbine and oil & gas plants, so the condition of machine is monitored regularly using online machine condition monitoring system. Other type of condition monitoring systems available are route-based monitoring, portable machine diagnostics, factory assurance test and online machine protection.
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Global <strong>Condition</strong><br />
<strong>Monitoring</strong> <strong>System</strong><br />
<strong>Market</strong><br />
<strong>Future</strong> <strong>Market</strong> <strong>Insights</strong><br />
Share, Global <strong>Trends</strong>,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong><br />
Forecast,<br />
<strong>2015</strong><br />
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Report Description<br />
<strong>Condition</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong>: Overview<br />
The growing level of mechanization <strong>and</strong> automation in the manufacturing sector today<br />
has led to increased focus of players towards the efficiency of plant <strong>and</strong> hence the<br />
production processes. Thus it becomes vital to stop unscheduled outages of machines<br />
<strong>and</strong> optimize its performance. <strong>Condition</strong> monitoring is a process that provides<br />
information about the health of a machine <strong>by</strong> well-timed monitoring of machine<br />
condition. High availability of machines is the most significant lever for increasing<br />
productivity of a manufacturing unit, therefore it becomes necessary to identify potential<br />
sources of errors beforeh<strong>and</strong>. The condition monitoring system intends to predict the<br />
mechanical wear <strong>and</strong> failure of a machine <strong>and</strong> facilitates preventive maintenance, reduce<br />
repair time <strong>and</strong> hence down time of a machine. Vibration, temperature <strong>and</strong> noise<br />
measurements are the key indicators used in machine condition monitoring. <strong>Condition</strong><br />
monitoring system acts as an important tool particularly for difficult to reach plant <strong>and</strong><br />
machines that can only be reached under specific condition such wind turbine <strong>and</strong> oil &<br />
gas plants, so the condition of machine is monitored regularly using online machine<br />
condition monitoring system. Other type of condition monitoring systems available are<br />
route-based monitoring, portable machine diagnostics, factory assurance test <strong>and</strong> online<br />
machine protection.<br />
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Report Description<br />
<strong>Condition</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong>: Drivers <strong>and</strong> Restraints<br />
Higher productivity <strong>and</strong> optimized utilization of resources makes the condition<br />
monitoring system market lucrative. Increased automation in manufacturing, increased<br />
investment in predictive maintenance strategies <strong>and</strong> growing machine maintenance<br />
solution market is boosting the growth of condition monitoring system market.<br />
Also increased investments in chemicals, oil & gas, paper & pulp, heavy equipment <strong>and</strong><br />
other industries tends to drive the condition monitoring system market.<br />
On the other h<strong>and</strong> high cost of condition monitoring systems <strong>and</strong> unpredictable<br />
maintenance periods are restraints to the growth of condition monitoring system market.<br />
<strong>Condition</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong>: Segmentation<br />
On the basis of type of condition monitoring system, the market is segmented as:<br />
•Route-Based <strong>Monitoring</strong><br />
•Portable Machine Diagnostics<br />
•Online Machine <strong>Monitoring</strong><br />
•Online Machine Protection<br />
•Factory Assurance Test
Report Description<br />
On the basis of monitoring technology, the condition monitoring system market is<br />
segmented as:<br />
•Vibration Analysis<br />
•Corrosion monitoring<br />
•Lubricant Analysis<br />
•Infrared Thermography<br />
•Ultrasound Testing<br />
•Motor <strong>Condition</strong> <strong>Monitoring</strong><br />
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On the basis of sensors <strong>and</strong> signals, the condition monitoring system market is<br />
segmented as:<br />
•Accelerometers<br />
•Proximity Probes<br />
•Tachometers<br />
•Thermal Camera
Report Description<br />
•Spectrometer<br />
•Temperature Probes<br />
On the basis of application, the condition monitoring system market is segmented as:<br />
•Automotive<br />
•Chemicals<br />
•Renewable Energy<br />
•Oil & Gas<br />
•Others (Aerospace & Defense, Pulp <strong>and</strong> paper, Metals & mining, etc.)<br />
<strong>Condition</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong>: Region-wise Outlook<br />
Global condition <strong>Monitoring</strong> system is expected to encounter significant growth during<br />
the forecast period. North America dominates the condition monitoring system market,<br />
followed <strong>by</strong> North America, Europe is the next major market for the condition monitoring<br />
systems. Asia Pacific is emerging market for the condition monitoring system, <strong>and</strong> is<br />
anticipated to represent substantial growth during the forecast period, particularly in<br />
regions such as China <strong>and</strong> India. Japan is other significant region <strong>and</strong> expected to<br />
contribute major <strong>share</strong> in the global condition monitoring system market.<br />
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Report Description<br />
<strong>Condition</strong> <strong>Monitoring</strong> <strong>System</strong> <strong>Market</strong>: <strong>Key</strong> Players<br />
<strong>Key</strong> Players identified in the condition monitoring system market are<br />
•National Instruments Corporation.<br />
•Rockwell Automation, Inc.<br />
•PRÜFTECHNIK Dieter Busch AG.<br />
•Svenska Kullagerfabriken AB (SKF)<br />
•Siemens AG<br />
•Bachmann electronic GmbH<br />
•Brüel & Kjær Vibro GmbH<br />
•Parker Kittiwake<br />
•ifm electronic gmbh
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