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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...

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...

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...

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...

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...

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...

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 World Condition Monitoring Equipment and Services market is segmented into four areas including vibration condition monitoring equipment, lubricating oil analysis equipment, thermography equipment, and condition monitoring consulting and services. Each segment discusses applicable end-user applications, and geographic revenue breakdown. Each se...