Description

Frost & Sullivan's recent analysis of the condition monitoring equipment market indicates that the industry is on an upswing, aided by recovery of key end-user markets and an industry-wide recognition of the cost-saving benefits of condition monitoring programs. While 2007 and 2008 were widely considered as one of the best years for the condition monitoring , like most other industries, the global condition monitoring equipment market went through a period of uncertainty and downsizing, due to the economic downturn. It, however, also served as a tool to reemphasize the importance of production and operational efficiency.