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The MEA Times
  • Middle East
    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    A handful of walnuts a day may enhance cognitive development in adolescents

    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    The Assets Net (TAN)  Expands Capabilities and Global Presence with  Remote Entity Awareness and Control (REAC) systems Following Full Asset Purchase of PrecyseTech

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    روسيا تطلق العد التنازلي لأول بطولة دولية للفيجيتال ( phygital): ألعاب المستقبل

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    محطة أوتيكو روسيا السائبة تفوز بجائزة التميز البيئي

    محطة أوتيكو روسيا السائبة تفوز بجائزة التميز البيئي

    تامانيفتيغاس تعقد ندوة حول التحقيق في الحادثة

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    ينظم منتجع ونادي أنافرين للفروسية إلى فنادق هيلينج هوتال أوف ذا وورد رأس الخيمة ٠ ٱلْإِمَارَاتُ ٱلْعَرَبِيَّةُ ٱلْمُتَّحِدَةُ

    ينظم منتجع ونادي أنافرين للفروسية إلى فنادق هيلينج هوتال أوف ذا وورد رأس الخيمة ٠ ٱلْإِمَارَاتُ ٱلْعَرَبِيَّةُ ٱلْمُتَّحِدَةُ

    تشير الدراسة الجديدة إلى أن الجوز من الممكن أن يمنع التأثيرات السلبية المتعلقة بالتوتر لدى طلاب الجامعة

    Walnuts, Alzheimer’s Disease Progression and General Good Brain Health

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    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

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  • Middle East
    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    A handful of walnuts a day may enhance cognitive development in adolescents

    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

    The Assets Net (TAN)  Expands Capabilities and Global Presence with  Remote Entity Awareness and Control (REAC) systems Following Full Asset Purchase of PrecyseTech

    The Assets Net (TAN) Expands Capabilities and Global Presence with Remote Entity Awareness and Control (REAC) systems Following Full Asset Purchase of PrecyseTech

    روسيا تطلق العد التنازلي لأول بطولة دولية للفيجيتال ( phygital): ألعاب المستقبل

    روسيا تطلق العد التنازلي لأول بطولة دولية للفيجيتال ( phygital): ألعاب المستقبل

  • Europe
    Tamanneftegas organise un séminaire sur les investigations d’incidents.

    Tamanneftegas organise un séminaire sur les investigations d’incidents.

    محطة أوتيكو روسيا السائبة تفوز بجائزة التميز البيئي

    محطة أوتيكو روسيا السائبة تفوز بجائزة التميز البيئي

    تامانيفتيغاس تعقد ندوة حول التحقيق في الحادثة

    تامانيفتيغاس تعقد ندوة حول التحقيق في الحادثة

    ينظم منتجع ونادي أنافرين للفروسية إلى فنادق هيلينج هوتال أوف ذا وورد رأس الخيمة ٠ ٱلْإِمَارَاتُ ٱلْعَرَبِيَّةُ ٱلْمُتَّحِدَةُ

    Anavrin Equestrian Resort & Sports Club joins Healing Hotels of the World

    ينظم منتجع ونادي أنافرين للفروسية إلى فنادق هيلينج هوتال أوف ذا وورد رأس الخيمة ٠ ٱلْإِمَارَاتُ ٱلْعَرَبِيَّةُ ٱلْمُتَّحِدَةُ

    ينظم منتجع ونادي أنافرين للفروسية إلى فنادق هيلينج هوتال أوف ذا وورد رأس الخيمة ٠ ٱلْإِمَارَاتُ ٱلْعَرَبِيَّةُ ٱلْمُتَّحِدَةُ

    تشير الدراسة الجديدة إلى أن الجوز من الممكن أن يمنع التأثيرات السلبية المتعلقة بالتوتر لدى طلاب الجامعة

    Walnuts, Alzheimer’s Disease Progression and General Good Brain Health

  • Africa
    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    BZR on Coinstore – a Significant Milestone for Bazaars

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    Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

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    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

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    Europe's business jet industry aims for green rebrand – Regina Leader Post

    Dangote's mega oil refinery in Nigeria opens, awaits full production – Business Insider Africa

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    e-fuels “won't fundamentally change future powertrain mix in Europe … – Fleet World

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    Healthcare Big Data Analytics Market to grow at a CAGR of 20.5 percent during the forecast period

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Home Press Releases

Machine Condition Monitoring Market Worth $5.2 Billion by 2029 – Exclusive Report by Meticulous Research®

by admin
September 10, 2022
in Press Releases
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(EMAILWIRE.COM, September 10, 2022 ) According to a new market research report titled, ‘Machine Condition Monitoring Market by Component (Hardware, Software), Process (Online, Portable), Monitoring Technique (Vibration, Thermography, Corrosion), End-use Industry (Energy, Oil & Gas, Telecom), and Geography – Global Forecast to 2029,’ the global machine condition monitoring market is slated to register at a CAGR of 7.3% during the forecast period to reach $5.2 billion by 2029.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5328

Machine condition monitoring is the ability to assess the health of a machine over time. This process requires measuring specific equipment parameters through machine sensors and other devices. This system helps predict the failure by monitoring the machine conditions such as temperature, vibration, and pressure. Various software are used for this process to send an alert in case of a change in parameters in machine operation. This helps assess and decide corrective actions for machines. Several market players across different industries are adopting machine condition monitoring to reduce the downtime and associated cost, thereby increasing the demand for this market.

Impact of COVID-19 on the Machine Condition Monitoring Market

The spread of COVID-19 in the first quarter of 2020 severely impacted the performance of several industries and economies globally. Governments across the globe were forced to shut down industrial plants. Governments enforced physical distancing norms and movement restrictions on the masses, affecting the operations of various industries. As a result, the industries reduced their dependency on manual labor and increased the adoption of smart industrial technologies to enhance their production processes.

The adoption of advanced technologies created the need for remote supervision and operational control of manufacturing and processing plants. With increasing remote supervision, new machine condition monitoring systems were deployed in various industries. Machine condition monitoring systems help monitor and control the operations from remote locations with the help of real-time data from various devices such as sensors, thus reducing the need for human intervention in the supervision of industrial machines. The global machine condition monitoring market is gaining traction for adopting highly automated systems that require negligible human supervision.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5328

The global machine condition monitoring market is segmented based on component (hardware, software, services), deployment type (on-premise, cloud-based), monitoring process (online condition monitoring, portable condition monitoring), monitoring technique (vibration monitoring, corrosion monitoring, thermography, oil analysis, ultrasound monitoring, others), end-use industry (manufacturing, healthcare, energy & utility, aerospace, telecom, agriculture, oil & gas, transportation & logistics, other end-use industries). The study also evaluates industry competitors and analyzes the market at the country level.

Based on component, in 2022, the hardware segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the surge in demand for hardware components such as vibration sensors, infrared sensors, spectrum analyzers, corrosion probes, and other machine condition monitoring systems in smart factories to detect machine condition. Additionally, this segment is also slated to register the highest CAGR during the forecast period.

Based on deployment type, in 2022, the cloud-based segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to increasing cloud service adoption due to their low cost, flexibility & scalability, and greater security, thus boosting the growth of this segment. Furthermore, this segment is also slated to register the highest CAGR during the forecast period.

Based on monitoring process, in 2022, the online condition monitoring segment is expected to account for the largest share of the global machine condition monitoring market. Online condition monitoring provides round-the-clock, real-time data to operators, making online condition monitoring favorable in industries such as oil & gas and power generation. Additionally, this segment is also slated to register the highest CAGR during the forecast period.

Based on monitoring technique, in 2022, the vibration monitoring segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the growing demand for vibration sensors and vibration analyzers for machine maintenance and installations for detecting damaged bearings and identifying faults in machines.

Quick Buy – Machine Condition Monitoring Market Research Report: https://www.meticulousresearch.com/Checkout/92979807

Based on end-use industry, in 2022, the manufacturing segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the increasing number of government initiatives to promote industrial automation and Industry 4.0, and the growing demand for predictive maintenance in smart factories. Additionally, this segment is also slated to register the highest CAGR during the forecast period.

Based on geography, in 2022, North America is expected to account for the largest share of the global machine condition monitoring market. The large market share of this region is attributed to the increasing deployment of machine condition monitoring systems across various industries, the advent of big data analytics, and the increasing adoption of secure cloud computing platforms. However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growth of the manufacturing sector and the adoption of Industry 4.0 in countries such as China, Japan, and South Korea.

Some of the key players operating in the global machine condition monitoring market are General Electric Company (U.S.), SKF (Sweden), Wilcoxon Sensing Technologies (U.S.), Emerson Electric Co. (U.S.), ALS Limited (Australia), Honeywell International Inc. (U.S.), Parker Hannifin Corporation (U.S.), Rockwell Automation, Inc. (U.S.), ifm electronic gmbh (Germany), Schaeffler AG (Germany), Baker Hughes Company (U.S.), Analog Devices, Inc. (U.S.), Fluke Corporation (U.S.), Meggitt PLC (U.K.), and National Instruments Corporation (U.S.).



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      • A handful of walnuts a day may enhance cognitive development in adolescents
      • إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين
      • Europe's business jet industry aims for green rebrand – Regina Leader Post
      • Dangote's mega oil refinery in Nigeria opens, awaits full production – Business Insider Africa

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