Search results for: 'Condition Monitoring Services Market'

17 Jul 2018  |  Global  |  Market Research

Global Condition Monitoring Services Market, Forecast to 2025

Upsurge of Prescriptive Maintenance is Transforming Business Models

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The condition monitoring services market will undergo a significant transformation over the next 5-8 years with the advent of new technologies changing customer requirements in connectivity and analytics, and with evolving business models featuring among other services specifications. From $1.92 billion in 2017, the market revenues are expected to ...

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 growt...

11 May 2017  |  North America  |  Market Research

Big Data Analytics in Global Condition Monitoring, Forecast to 2023

Rise of New Business Models Through Focus on Software

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The application of Big Data analytics in the condition monitoring market is at a nascent stage. Current solutions offered by vendors are only able to analyze condition data such as vibration. The true value of big data will be realized when analytics service providers are able to offer solutions by combining condition and process data (SCADA and PL...

20 Dec 2022  |  Global  |  Market Research

Global Structural Health Monitoring Equipment Market

Innovation Culture in Structural Health Monitoring to Improve Accuracy and Reduce Failure

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This structural health monitoring (SHM) equipment analysis identifies trends and growth opportunities across various emerging products from market participants, including sensors and data acquisition (DAQ) hardware (wired and wireless) and software for SHM in industry verticals. The applications covered include strain measurement and vibration mo...

28 Sep 2017  |  Global  |  Market Research

Global Condition Monitoring Equipment Market, Forecast to 2021

Condition Monitoring Equipment Market to Surpass $2 Billion Revenue in 2021 Driven by Technology Convergence and Increasing Awareness

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The condition monitoring equipment market will undergo a significant transformation over the next 5 to 7 years with the advent of new technologies changing customer requirements in connectivity and analytics features among other equipment specifications. Worth $1.62 billion in 2016, the market revenues are expected to reach $2.07 billion by 2021 at...

19 Apr 2023  |  Global  |  Market Research

Global Network Performance Monitoring Solution and Application Performance Monitoring Solution Growth Opportunities

Increasing Network Complexity and Accelerating Digital Transformation will Ensure Future Growth Potential

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This analytics covers solutions that facilitate network performance monitoring and application performance management; these solutions are critical to making efficient utilization of physical servers and network components and to ensuring complete digital transformation. As workloads on both applications and networks increase, data center dynamics ...

The importance of installing corrosion monitoring solutions is increasing due to aging assets and infrastructure in places like oil and gas plants and power plants. These solutions are gaining popularity globally because they can detect severe, rapidly progressing corrosion that could be missed during a conventional periodic inspection. The corros...

07 Apr 2015  |  Global  |  Market Research

Analysis of the Global Condition Monitoring Equipment Market

Cautious Optimism Despite Strong Headwinds

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The condition monitoring equipment market is going through a difficult phase. Growing concerns about the global economy, turbulent oil prices, and geopolitical factors are challenging the market. Despite these challenges, pockets of opportunities across the industry have helped sustain the market. Frost & Sullivan’s assessment of the global conditi...

This research service offers an insight into the Australian condition monitoring market for the mining sector. The market has been segmented by technology, which includes vibration analysis, oil analysis, and thermography. The study provides an analysis of the current state of the market and discusses factors driving/restraining growth. The base y...