Condition Monitoring Market
Condition Monitoring Equipment Market to Surpass $2 Billion Revenue in 2021 Driven by Technology Convergence and Increasing Awareness
Region : GlobalThe 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...
Rise of New Business Models Through Focus on Software
Region : North AmericaThe 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...
Data-driven Services to Redefine Condition Monitoring by 2020
Region : Asia PacificThe 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...USD 3,000Read More
Software-Defined Instruments and Reinvented Business Models to Impact Market Outlook, Communication Test Revenues to Soar
Region : GlobalThis study provides a detailed analysis of how global Mega Trends are rapidly changing the business and technology landscape of the test and measurement industry from 2015 to 2025. It examines 6 segments of the industry: general purpose electronic test, data acquisition, communication test, non-destructive test, condition monitoring, and dimensiona...