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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...

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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Key Issues Addressed

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 ...

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...

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...

Thermography equipment detects missing insulation, electrical faults, water intrusion, and pest infiltration in buildings. It helps gauge a building’s energy efficiency, which is important for monitoring a building’s ecological footprint. This research service provides insights into the global thermography equipment market in the building inspectio...

COVID-19 brought about major changes for companies and industries globally, followed by a recovery of operations in 2021. 2022 began with the war between Russia and Ukraine, which created fears of a global recession and inflation, resulting in uncertainties among manufacturers to plan future investments. While Europe is likely to be affected more, ...

This analytical instrumentation factbook includes a complete assessment of analytical technologies, such as chromatography, molecular analysis spectrometer, elemental analysis spectrometer, mass spectrometry, analytical microscopes, gas analyzer, liquid analyzer, and analytical X-ray instrumentation. Product and subproduct forecasts are provided...