Search results for: 'Asset monitoring solution'

With the advent of Industry 4.0 and smart factories, it has become a necessity for industries to adopt advanced technologies to improve their manufacturing processes. Asset tracking and monitoring technology is currently adopted by industries for tracking and monitoring asset location and status. Sophisticated monitoring technology can also be cate...

01 Mar 2022  |  Global  |  Market Research

Global Thermography Condition Monitoring Growth Opportunities

Future Growth Potential of Thermography Monitoring in Identifying Hidden Anomalies

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Thermography is used for predictive condition maintenance and energy conservation in a majority of the substantial applications within the petrochemical, steel, process, and semiconductor industries. This technique is a non-destructive, non-contact method that can be used for a wide range of high-temperature applications, such as maintenance of ele...

08 May 2023  |  Europe  |  Market Research

Global Asset Performance Management Market Forecast

Next Generation Real Time Technologies Driving Transformational Growth in Industrial Environments

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An increasingly competitive and regulated industrial environment is forcing all industry verticals to partner with strategic asset performance management (APM) providers to effectively manage costs and risks in today´s volatile business climates. The APM market, with $1,584.9 million in 2022, is one of the fastest-growing automation product lines. ...

Vibration condition monitoring (CM) is a method of using sensors and software tools to ensure machine health and maintain safety. Machine sensors use machine monitoring software and other parameters to measure vibration and the thermography of a machine, which offers real-time insight into the health of the machine. For nearly a decade, vibrati...

Asset performance management (APM) systems are critical tools for asset-heavy industries, including oil and gas, petrochemicals and chemicals, mining and metals, and manufacturing, to effectively manage costs and risks in today’s volatile business climate. The APM landscape comprises a mix of traditional industrial automation vendors, hyperscaler...

Research Overview This Frost & Sullivan study analyzes the convergence trends of information technology and operational technology (IT/OT), changing buying behavior, influence of disruptive technologies, competitive intensity and impact of economic and mega trends in the global plant asset management (PAM) market. In addition to PAM software market...

14 Feb 2022  |  Global  |  Market Research

Global Oil Condition Monitoring Market

Real-time and Near Real-time Sensors in Oil Analysis

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Oil is a fundamental element for powering engines and for lubricating moving components in assets in the transportation sector. Oil is a key element that impacts productivity and profitability, making it a priority for customers. By monitoring the quality and characteristics of the oil, asset health and efficiency can be monitored, and any issues c...

08 Oct 2024  |  Global  |  Market Research

Condition Monitoring Equipment Market, Global, 2024–2028

The Integration of Internet of Things and Data Analytics in Asset Monitoring Drives Transformational Growth

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The Frost & Sullivan analysis of the global condition monitoring equipment market provides a comprehensive view of the industry's growth, focusing on the three major techniques: vibration analysis, lubricating oil analysis, and thermography. The report delves into the market size of each of these three types and provides a detailed breakdown by key...

The emergence of Industrial Internet of Things (IIoT) technologies has accelerated the process of digital transformation across various end-use industries. There is a growing need to monitor, measure, analyze, and manage the failure of assets as a part of digital transformation initiatives. Asset-intensive industries have been grappling with consta...