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 a CAGR of 5.0%, although revenue trajectory varies among different product segments. The global condition monitoring equipment market is going through an evolutionary phase. The reboot of key oil and gas prices and key technology changes such as connectivity and data analytics have pushed the equipment vendors to rethink and reinvent. Despite these trends, pockets of opportunities across the industry and increased awareness have helped the market surge ahead. This report identifies key opportunities for growth while detailing key challenges and possible threats. The forecast period is from 2017 to 2021, with 2016 as the base year.

Research Scope
This research study focuses on key product categories used in condition monitoring applications across different industries. The product categories include:
• Vibration condition monitoring equipment
• Thermography equipment
• Lubricating oil analysis equipment

The current market size for 2016 is provided for each segment and forecasted till 2021. Forecasts by end-user markets are also provided for each product category and include:
• Oil and Gas
• Power Generation
• Aerospace & Defense
• Automotive & Transportation
• Marine
• Mining & Metal
• Process and manufacturing
• Others includes commercial R&D, education, laboratories, plumbing, environment, Heating, ventilation, and air conditioning (HVAC),
transportation, and waste water treatment plants.

The study highlights industry challenges and growth drivers and restraints from 2017 to 2021 as well as analyzes the market from a geographic perspective. The regions covered in the study include:
• North America
• Europe
• Asia Pacific
• Rest of World - Includes Latin America, Middle East, and Africa.

Key Questions this Study will Answer:
• Is the condition monitoring equipment market growing, how long will it continue to grow and at what rate?
• What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict growth for this
market?
• Who are the leading participants and their market share? How has the oil price crisis impacted the condition monitoring equipment market and
how does the future look?
• Which regions are expected to provide the highest growth potential for the future? Can North America sustain its position as a key revenue
contributor in the face of rising global competition?
• What are the impacts of convergence technologies such as Big Data and connectivity? How do these influence innovative business models?
• Which applications and industries will drive demand for condition monitoring equipment? Will the traditional end-user segments continue to be
the largest revenue generators?

Table of Contents

1. Executive Summary
Key Findings
Market Engineering Measurements
CEO’s Perspective
2. Market Overview
Research Scope
Market Definitions
Market Segmentation
3. Drivers and Restraints—Total Condition Monitoring Equipment Market
Market Drivers
Market Restraints
4. Forecasts and Trends—Total Condition Monitoring Equipment Market
Market Engineering Measurements
Revenue Forecast
Percent Revenue Forecast by Region
Revenue Forecast by Region
NA Percent Revenue Forecast by Region
NA Revenue Forecast by Region
Europe Percent Revenue Forecast by Region
Europe Revenue Forecast by Region
APAC Percent Revenue Forecast by Region
APAC Revenue Forecast by Region
RoW Percent Revenue Forecast by Region
RoW Revenue Forecast by Region
Revenue Forecast by Vertical Market
5. Market Share and Competitive Analysis—Total Condition Monitoring Equipment Market
Market Share
Market Share Analysis
Competitive Environment
Top Competitors—SWOT Analysis
GE Bently Nevada
Meggitt Sensing Systems
Emerson
SKF
Brüel & Kjaer Vibro
Emerson
FLIR Systems
Fluke Corporation
General Electric—Bently Nevada
National Instruments
Parker Kittiwake
PRÜFTECHNIK
Rockwell Automation
Schneider Electric
SKF
6. Growth Opportunities and Companies to Action
Transformation in Condition Monitoring Equipment Industry Ecosystem
Growth Opportunity—Technology Advancement
Growth Opportunity—Big Data Analytics Improving Production Efficiency
5 Major Growth Opportunities for Condition Monitoring
Strategic Imperatives for Success and Growth
7. Mega Trends and Industry Convergence Implications
Mega Trend Impact on the Condition Monitoring Equipment Market
Connectivity and Convergence
Big Data Analytics
Condition Monitoring Services Revenue Breakdown
Current Application of Big Data Analytics in Condition Monitoring
Evolution of Big Data in Condition Monitoring Applications
The Next Evolution—Prescriptive Analytics
Snapshot of Manufacturing Versus Other Sectors
Opportunities for Big Data and Industrial Condition Monitoring
Top 3 Trends Driving Big Data in Condition Monitoring
Impact of Big Data on the Global Condition Monitoring Market
Big Data Analytics Competitive Factors and Assessment
Case Study 1—BP Using GE’s Predix Platform
Case Study 2—Mtell’s Prescriptive Analytics Platform
Case Study—Siemens’ Remote Maintenance Solution
Case Study—National Instruments and IBM Partnership
8. Evolving Business Models
Typical Business Models
Taxonomy of B2B Business Models
Service-based Model—Product as a Service, Data as a Service (DaaS), and PaaS
Fee-based Model—Pay Per Use, Renting/Leasing, and Subscription Model (Software as a Service (SaaS))
Evolving Business Models
Case Study—Rolls-Royce
9. Vibration Condition Monitoring Equipment Segment Analysis
Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Percent Revenue Forecast by Product Type
Revenue Forecast by Product Type
Percent Revenue Forecast by Region
Revenue Forecast by Region
NA Percent Revenue Forecast by Region
NA Revenue Forecast by Region
Europe Percent Revenue Forecast by Region
Europe Revenue Forecast by Region
APAC Percent Revenue Forecast by Region
APAC Revenue Forecast by Region
ROW Percent Revenue Forecast by Region
ROW Revenue Forecast by Region
Revenue Forecast by Vertical Market
Market Share
Market Share Analysis
Competitive Environment
10. Lubricating Oil Analysis Equipment Segment Analysis
11. Thermography Equipment Segment Analysis
12. The Last Word
3 Big Predictions
Legal Disclaimer
13. Appendix
Market Engineering Methodology
Additional Source of Information on Condition Monitoring
List of Companies in “Others”
Partial List of Companies Interviewed

Infographic



List of Figures & Charts

1. Total Condition Monitoring Equipment Market: Key Market Drivers, Global, 2017–2021
2. Total Condition Monitoring Equipment Market: Key Market Restraints, Global, 2017–2021
3. Total Condition Monitoring Equipment Market: Market Engineering Measurements, Global, 2016
4. Total Condition Monitoring Equipment Market: Revenue Forecast by Region, Global, 2014–2021
5. Condition Monitoring Equipment Market: Revenue Forecast by Region, North America, 2014–2021
6. Condition Monitoring Equipment Market: Revenue Forecast by Region, Europe, 2014–2021
7. Condition Monitoring Equipment Market: Revenue Forecast by Region, APAC, 2014–2021
8. Condition Monitoring Equipment Market: Revenue Forecast by Region, RoW, 2014–2021
9. Total Condition Monitoring Equipment Market: Company Market Share Analysis of Top 5 Participants, Global, 2016
10. Total Condition Monitoring Equipment Market: Competitive Structure, Global, 2016
11. Total Condition Monitoring Equipment Market: SWOT Analysis, Global, 2016
12. Total Condition Monitoring Equipment Market: Mega Trend Impact, Global, 2016
13. Vibration Condition Monitoring Equipment Segment: Market Engineering Measurements, Global, 2016
14. Vibration Condition Monitoring Equipment Segment: Revenue Forecast by Product Type, Global, 2014–2021
15. Vibration Condition Monitoring Equipment Segment: Revenue Forecast by Region, Global, 2014–2021
16. Vibration Condition Monitoring Equipment Segment: Revenue Forecast by Region, North America, 2014–2021
17. Vibration Condition Monitoring Equipment Segment: Revenue Forecast by Region, Europe, 2014–2021
18. Vibration Condition Monitoring Equipment Segment: Revenue Forecast by Region, Asia-Pacific, 2014–2021
19. Vibration Condition Monitoring Equipment Segment: Revenue Forecast by Region, ROW, 2014–2021
20. Vibration Condition Monitoring Equipment Segment: Company Market Share Analysis of Top 6 Participants, Global, 2016
21. Vibration Condition Monitoring Equipment Segment: Competitive Structure, Global, 2016
22. Lubricating Oil Analysis Equipment Segment: Market Engineering Measurements, Global, 2016
23. Lubricating Oil Analysis Equipment Segment: Revenue Forecast by Region, Global, 2014–2021
24. Lubricating Oil Analysis Equipment Segment: Revenue Forecast by Region, North America, 2014–2021
25. Lubricating Oil Analysis Equipment Segment: Revenue Forecast by Region, Europe, 2014–2021
26. Lubricating Oil Analysis Equipment Segment: Revenue Forecast by Region, APAC, 2014–2021
27. Lubricating Oil Analysis Equipment Segment: Revenue Forecast by Region, ROW, 2014–2021
28. Lubricating Oil Analysis Equipment Segment: Company Market Share Analysis of Top 5 Participants, Global, 2016
29. Lubricating Oil Analysis Equipment Segment: Competitive Structure, Global, 2016
30. Thermography Equipment Segment: Market Engineering Measurements, Global, 2016
31. Thermography Equipment Segment: Revenue Forecast by Region, Global, 2014–2021
32. Thermography Equipment Segment: Revenue Forecast by Region, North America, 2014–2021
33. Thermography Equipment Segment: Revenue Forecast by Region, Europe, 2014–2021
34. Thermography Equipment Segment: Revenue Forecast by Region, APAC, 2014–2021
35. Thermography Equipment Segment: Revenue Forecast by Region, ROW, 2014–2021
36. Thermography Equipment Segment: Revenue Forecast by Vertical Market, Global, 2014–2021
37. Thermography Equipment Segment: Company Market Share Analysis of Top 3 Participants, Global, 2016
38. Thermography Equipment Segment: Competitive Structure, Global, 2016


1. Total Condition Monitoring Equipment Market: Market Engineering Measurements, Global, 2016
2. Total Condition Monitoring Equipment Market: Percent Revenue Breakdown, Global, 2016
3. Total Condition Monitoring Equipment Market: Revenue Forecast, Global, 2014–2021
4. Total Condition Monitoring Equipment Market: Percent Revenue Forecast by Region, Global, 2014–2021
5. Condition Monitoring Equipment Market: Percent Revenue Forecast by Region, North America, 2014–2021
6. Condition Monitoring Equipment Market: Percent Revenue Forecast by Region, Europe, 2014–2021
7. Condition Monitoring Equipment Market: Percent Revenue Forecast by Region, APAC, 2014–2021
8. Condition Monitoring Equipment Market: Percent Revenue Forecast by Region, RoW, 2014–2021
9. Total Condition Monitoring Equipment Market: Revenue Forecast by Vertical Market, Global, 2014–2021
10. Total Condition Monitoring Equipment Market: Percent Revenue Breakdown, Global, 2016
11. Big Data, Sources and Types of Services, Global, 2016
12. Data Traffic Per Year, Global, 2012 and 2020
13. Condition Monitoring Services Market: Revenue Contribution by Service Type, Global, 2016 and 2021
14. Current Application of Big Data Analytics in Condition Monitoring, Global, 2016
15. Evolution of Big Data in Condition Monitoring Applications, Global, 2000–2020
16. Big Data Analytics: Snapshot of Manufacturing Versus Other Sectors, Global, 2016
17. Big Data Analytics in Condition Monitoring Applications: Key Trends, Global, 2016
18. Condition Monitoring Market: Breakdown by Equipment and Service, Global, 2016 and 2021
19. Condition Monitoring Equipment Market: Taxonomy of B2B Business Models, Global, 2016
20. Total Condition Monitoring Equipment Market: Percent Revenue, Global, 2016
21. Vibration Condition Monitoring Equipment Segment: Revenue Forecast, Global, 2014–2021
22. Vibration Condition Monitoring Equipment Segment: Percent Revenue Forecast by Product Type, Global, 2014–2021
23. Vibration Condition Monitoring Equipment Segment: Percent Revenue Forecast by Region, Global, 2014–2021
24. Vibration Condition Monitoring Equipment Segment: Percent Revenue Forecast by Region, North America, 2014–2021
25. Vibration Condition Monitoring Equipment Segment: Percent Revenue Forecast by Region, Europe, 2014–2021
26. Vibration Condition Monitoring Equipment Segment: Percent Revenue Forecast by Region, Asia-Pacific, 2014–2021
27. Vibration Condition Monitoring Equipment Segment: Percent Revenue Forecast by Region, ROW 2014–2021
28. Vibration Condition Monitoring Equipment Segment: Revenue Forecast by Vertical Market, Global, 2014–2021
29. Vibration Condition Monitoring Equipment Segment: Percent Revenue, Global, 2016
30. Lubricating Oil Analysis Equipment Segment: Revenue Forecast, Global, 2014–2021
31. Lubricating Oil Analysis Equipment Segment: Percent Revenue Forecast by Region, Global, 2014–2021
32. Lubricating Oil Analysis Equipment Segment: Percent Revenue Forecast by Region, North America, 2014–2021
33. Lubricating Oil Analysis Equipment Segment: Percent Revenue Forecast by Region, Europe, 2014–2021
34. Lubricating Oil Analysis Equipment Segment: Percent Revenue Forecast by Region, APAC, 2014–2021
35. Lubricating Oil Analysis Equipment Segment: Percent Revenue Forecast by Region, ROW, 2014–2021
36. Lubricating Oil Analysis Equipment Segment: Revenue Forecast by Vertical Market, Global, 2014–2021
37. Lubricating Oil Analysis Equipment Segment: Percent of Revenue, Global, 2016
38. Thermography Equipment Segment: Revenue Forecast, Global, 2014–2021
39. Thermography Equipment Segment: Percent Revenue Forecast by Region, Global, 2014–2021
40. Thermography Equipment Segment: Percent Revenue Forecast by Region, North America, 2014–2021
41. Thermography Equipment Segment: Percent Revenue Forecast by Region, Europe, 2014–2021
42. Thermography Equipment Segment: Percent Revenue Forecast by Region, APAC, 2014–2021
43. Thermography Equipment Segment: Percent Revenue Forecast by Region, ROW, 2014–2021
44. Thermography Equipment Segment: Revenue Forecast by Vertical Market, Global, 2014–2021
45. Thermography Equipment Segment: Percent of Revenue, Global, 2016



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Release Date : 29-Jan-2016

Region : Global

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