Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Data-driven Services to Redefine Condition Monitoring by 2020
save 25 %
* Required Fields
Pay by invoice
The end of the mining super cycle in Australia, completion of large LNG project buildouts, and decline in some manufacturing segments have weakened the demand for condition monitoring solutions. However, over the medium and long term, the normalisation of activity in key verticals and the increased demand for data-driven services will sustain growth between 2016 and 2020. Improved customer appreciation of the benefits of condition monitoring, wider leverage of standards and certification, reduced condition monitoring equipment prices, and demand for analytics will underpin growth. Customers are looking to derive actionable insights from their condition monitoring data and require assistance with integrating disparate data and leveraging analytics.Advancements in connectivity solutions, data processing, analytics, and cloud computing underline the need for integrated solutions providers. This is expected to give rise to opportunities for market convergence, as companies that are experienced in areas such as analytics or condition monitoring software may impact the competitive dynamics in this market.This study provides trends and segmentation of the Australian condition monitoring solutions market by product versus service, by type of condition monitoring (vibration monitoring, lubricating oil analysis, thermography, ultrasound, and electrical), by portable versus online monitoring, and by major verticals (mining, oil & gas, utilities, manufacturing & other process industries, and others). Analysis is provided of key drivers and restraints, demand trends and customer pain points, service trends, technology trends (in relation to hardware, analytics, user interface, communication, and integration) and the role of Industrial Internet of Things (IIoT) in redefining condition monitoring for the future. The competitive structure of the industry is outlined with commentary on tiers of competition, leading companies, barriers to entry, competitive factors, and examples of home-grown innovators.The study period is 2015 to 2020, with 2016 as base year and 2017 to 2020 as the forecast period.Key Questions This Study Will Answer• What are the key growth drivers and restraints for the market? Are there any future challenges that will restrict the growth of this market?• What is the size and growth forecast for the Australian market? What factors will underpin this forecast?• How is the market segmented by vertical and by type of solution?• What technology, demand, and service trends are likely to impact the opportunity moving forward?• Who are the leading solutions providers and what competitive tools provide differentiation in this market?• What opportunities exist for solutions providers seeking to leverage IIoT in this market?
Frost Radar™: Global Noise, Vibration, and Harshness Testing Market, 2020
Global Condition Monitoring Services Market, Forecast to 2025
Global Condition Monitoring Equipment Market, Forecast to 2021
Big Data Analytics in Global Condition Monitoring, Forecast to 2023
artificial lift market
industrial robotics market
nanophotonic equipment market
dietary supplements market
heavy truck market
natural gas market
functional beverage market
virtual reality market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.