Australian Condition Monitoring Solutions Market, Forecast to 2020

Australian Condition Monitoring Solutions Market, Forecast to 2020

Data-driven Services to Redefine Condition Monitoring by 2020

RELEASE DATE
29-Nov-2016
REGION
Asia Pacific
Research Code: P962-01-00-00-00
SKU: TM00425-AP-MR_19327
AvailableYesPDF Download

$3,000.00

Special Price $2,250.00 save 25 %

In stock
SKU
TM00425-AP-MR_19327

$3,000.00

$2,250.00save 25 %

DownloadLink
ENQUIRE NOW

Description

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 growth between 2016 and 2020.

Improved customer appreciation of the benefits of condition monitoring, wider leverage of standards and certification, reduced condition monitoring equipment prices, and demand for analytics will underpin growth. Customers are looking to derive actionable insights from their condition monitoring data and require assistance with integrating disparate data and leveraging analytics.

Advancements in connectivity solutions, data processing, analytics, and cloud computing underline the need for integrated solutions providers. This is expected to give rise to opportunities for market convergence, as companies that are experienced in areas such as analytics or condition monitoring software may impact the competitive dynamics in this market.

This study provides trends and segmentation of the Australian condition monitoring solutions market by product versus service, by type of condition monitoring (vibration monitoring, lubricating oil analysis, thermography, ultrasound, and electrical), by portable versus online monitoring, and by major verticals (mining, oil & gas, utilities, manufacturing & other process industries, and others). Analysis is provided of key drivers and restraints, demand trends and customer pain points, service trends, technology trends (in relation to hardware, analytics, user interface, communication, and integration) and the role of Industrial Internet of Things (IIoT) in redefining condition monitoring for the future. The competitive structure of the industry is outlined with commentary on tiers of competition, leading companies, barriers to entry, competitive factors, and examples of home-grown innovators.

The study period is 2015 to 2020, with 2016 as base year and 2017 to 2020 as the forecast period.

Key Questions This Study Will Answer

• What are the key growth drivers and restraints for the market? Are there any future challenges that will restrict the growth of this market?
• What is the size and growth forecast for the Australian market? What factors will underpin this forecast?
• How is the market segmented by vertical and by type of solution?
• What technology, demand, and service trends are likely to impact the opportunity moving forward?
• Who are the leading solutions providers and what competitive tools provide differentiation in this market?
• What opportunities exist for solutions providers seeking to leverage IIoT in this market?

Table of Contents

Key Findings

Key Findings (continued)

Coverage

What, Why, and How of Condition Monitoring

Condition Monitoring for Predictive Maintenance

Scope

Definitions

Definitions (continued)

Definitions (continued)

Key Questions this Study will Answer

Market Drivers

Market Drivers Explained

Market Drivers Explained (continued)

Market Drivers Explained (continued)

Market Restraints

Market Restraints Explained

Market Restraints Explained (continued)

Market Restraints Explained (continued)

Total Condition Monitoring Market

Revenue Forecast Assumptions

Market Segmentation by Product versus Service

Service Trends

Who is the End User?

Customer Pain Points

Technology Trends

Technology Trends (continued)

Remote Condition Monitoring

Market Segmentation by Major Type of Solution

Vibration Condition Monitoring Trends

Portable vs Online Monitoring

Portable vs Online Monitoring (continued)

Oil Analysis Trends

Thermography Trends

Channel Trends

Capital Expenditure Trend

Condition Monitoring Market by Vertical

Mining

Oil & Gas

Utilities

Utilities (continued)

Manufacturing and Other Process Industries

Others

Industry Structure

Examples of Industry Participants

Tiers of Competition

Leading Participants by Type of Solution

Leading Participants

Competitive Advantage

Competitive Dynamics

Coverage By Main Type of Solution Offered

Coverage By Main Type of Solution Offered (continued)

Home-grown Innovators—Some Examples

Need for Real-time Decision Making

Industrial Internet of Things (IIoT)

Future Architecture

The Case for a Unified View

The Case for a Unified View (continued)

Implications for the Condition Monitoring Market

Summary and Outlook

Other Recent Relevant Research

Legal Disclaimer

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
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 growth between 2016 and 2020. Improved customer appreciation of the benefits of condition monitoring, wider leverage of standards and certification, reduced condition monitoring equipment prices, and demand for analytics will underpin growth. Customers are looking to derive actionable insights from their condition monitoring data and require assistance with integrating disparate data and leveraging analytics. Advancements in connectivity solutions, data processing, analytics, and cloud computing underline the need for integrated solutions providers. This is expected to give rise to opportunities for market convergence, as companies that are experienced in areas such as analytics or condition monitoring software may impact the competitive dynamics in this market. This study provides trends and segmentation of the Australian condition monitoring solutions market by product versus service, by type of condition monitoring (vibration monitoring, lubricating oil analysis, thermography, ultrasound, and electrical), by portable versus online monitoring, and by major verticals (mining, oil & gas, utilities, manufacturing & other process industries, and others). Analysis is provided of key drivers and restraints, demand trends and customer pain points, service trends, technology trends (in relation to hardware, analytics, user interface, communication, and integration) and the role of Industrial Internet of Things (IIoT) in redefining condition monitoring for the future. The competitive structure of the industry is outlined with commentary on tiers of competition, leading companies, barriers to entry, competitive factors, and exampl
More Information
No Index No
Podcast No
Author Ivan Fernandez
Industries Test and Measurement Instrumentation
WIP Number P962-01-00-00-00
Keyword 1 Condition Monitoring Solutions
Keyword 2 Condition Monitoring Solutions in Australia
Keyword 3 Condition Monitoring
Is Prebook No