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市场调查报告书
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1586725

全球状态监测设备市场：预测与成长机会，2024-2028

Condition Monitoring Equipment Market, Forecast and Growth Opportunities, Global, 2024-2028
出版日期: | 出版商: Frost & Sullivan | 英文 100 Pages | 商品交期: 最快1-2个工作天内

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简介目录

将物联网和资料分析整合到资产监控中可推动变革性成长

Frost & Sullivan 分析了全球状态监测设备市场，重点关註三项关键技术：振动分析、润滑剂分析和热成像技术，以提供行业成长的全面视图。我们深入研究了这三种类型的市场规模，并提供了北美、拉丁美洲、欧洲、中东和亚太地区等关键地区的详细市场区隔。

2023年，全球状态监测设备市场规模达23.9亿美元，较2022年成长6.2%。预计在 2024 年至 2028 年的预测期内，该市场将以 7.3% 的复合年增长率继续增长。这一增长是由技术进步、对预测性维护的日益关注以及对工业数位化投资的增加所推动的。

推动状态监测设备采用的主要趋势之一是基于状态的维护 (CBM) 的兴起。公司正在从传统的反应式、基于时间的维护方法转向 CBM，它利用即时资料来做出明智的维护决策。透过实施状态监测设备，最终用户可以大幅降低维护成本，同时提高设备的整体效率，从而提高生产率并延长设备寿命。

该报告还预测到 2028 年所有状态监测设备技术的市场收益。它还提供了对各种最终用户行业（包括製造、能源、石油和天然气）的主要趋势的洞察，这些行业越来越多地部署状态监控设备以保持营运效率。此外，它还提供了最终用户在选择状态监控设备供应商时应考虑的因素的指导，包括可靠性、技术产品和服务支援。

该报告揭示了状态监测设备供应商的众多成长机会，特别是随着越来越多的产业采用数位化和物联网主导的解决方案。然而，供应商也面临一些挑战，包括需要在快速发展的市场中保持竞争力以及需要满足全球客户群的多样化需求。儘管有这些挑战，但由于状态监控设备能够最大限度地减少停机时间并延长工业资产的使用寿命，对状态监控设备的需求仍在增加。

此外，本报告也分析了状态监控设备供应商的价格趋势和策略必要事项。我们介绍市场上的主要企业，并重点介绍他们的创新、策略和产品。对于希望投资产品数位化以帮助客户利用先进的状态监控设备优化工业资产的设备供应商来说，这种分析尤其有价值。

对于相关人员来说，随着业界越来越重视预测性维护和先进监测工具的使用，状态监测设备市场提供了丰富的机会。随着组织寻求简化营运和降低成本，状态监测设备的采用不断增长，并成为现代工业维护策略的关键方面。

希望利用这一不断扩大的市场的状态监测设备製造商、投资者和服务供应商将对这份报告感兴趣。透过利用所提供的见解，您可以更好地了解状态监控设备产业的动态，并为自己在未来几年的成功做好准备。

主要问题

  • 谁是参与企业的主要企业？
  • 哪些地区预计成长最快？
  • 在目前的市场场景下，状态监控设备供应商存在哪些商机？
  • 巨量资料、互联互通等融合技术有何影响？这些技术将如何影响创新的经营模式？

研究亮点

由于整个产业越来越多地采用预测性维护策略，全球状态监测设备市场预计将在 2021 年至 2028 年显着成长。预计 2023 年至 2028 年复合年增长率为 7.3%，随着企业优先考虑业务效率、减少停机时间并透过即时资料监控优化资产性能，该市场预计将扩大。

状态监测设备：2021-2028 年全球收益与预测

调查范围

调查范围

调查目标区域

世界

调查期间

2021-2028

基准年

2023年

预测期

2024-2028

货币单位

美国

影响状态监测设备市场成长的主要趋势与技术

在几个关键趋势和新兴技术的推动下，状态监测设备市场正在经历显着成长。这些因素不仅提高了维护过程的效率，而且有助于工业运作的整体最佳化。以下是塑造状态监测设备市场的一些最具影响力的趋势和技术：

1. 更采用预测性维护

随着组织寻求最大限度地减少停机时间和维护成本，预测性维护 (PdM) 正在获得各行业的认可。状态监测设备使公司能够收集有关机器性能的即时资料并主动预测潜在故障。这种从纠正性维护到预测性维护的转变提高了业务效率并减少了与维护相关的费用。

2. 整合物联网与巨量资料分析

物联网 (IoT) 技术和状态监测设备的整合正在改变预测性维护格局。支援物联网的设备可以从机器收集大量资料，并使用巨量资料分析工具进行分析。这使企业能够更深入地了解设备性能、优化维护计划并确定可以提高业务效率的趋势。物联网和状态监测设备的融合正在为高阶分析和资料驱动决策创造新的机会。

3.人工智慧和机器学习的进展

人工智慧 (AI) 和机器学习 (ML) 技术正在彻底改变状态监测设备的功能。透过利用人工智慧演算法，组织可以更有效地分析资料模式并改善预测性维护策略。人工智慧驱动的状​​态监测设备可以高精度地检测异常情况并预测设备故障，从而能够及时干预以提高设备的可靠性和使用寿命。

4. 越来越重视永续性和环境合规性

由于各行业需要遵守环境法规，因此对状态监测设备以支援永续性工作的需求不断增长。公司正在寻找不仅能优化设备性能，还能减少能源消耗和排放的解决方案。透过实施状态监测设备，公司可以识别流程效率低下的地方，帮助避免潜在的监管处罚，同时为永续性目标做出贡献。

云端基础的解决方案和远端监控

透过采用云端基础的状态监控设备解决方案，公司现在可以远端监控其资产。 COVID-19 大流行加速了这一趋势，导致许多公司采用远端操作。云端基础的状态监测设备提供对资料的即时访问，使工程师能够随时随地分析性能和排除故障。这种灵活性提高了维护效率并支援连续运营，尤其是在资产地理位置分散的行业中。

6.模组化和可自订解决方案的兴起

随着公司寻求客製化解决方案来满足其特定需求，对模组化和可自订状态监控设备的需求不断增加。这种灵活的系统允许公司根据操作要求整合不同的监控技术（振动分析、油分析、热成像等）。客製化状态监测设备的能力增加了其对各行业的适用性，并随着技术的发展促进升级。

7. 更重视员工培训和技能发展

随着状态监控设备变得越来越复杂，人们越来越重视培训员工有效利用这些技术。组织正在投资技能发展计划，以帮助员工最大限度地发挥先进状态监控设备的优势。适当的培训可以增强您解释资料见解、做出明智决策和实施有效维护策略的能力。

8.加大研发投入

随着公司寻求创新和增强其产品，状态监测设备市场的研发 (R&D) 投资不断增加。这一趋势导致了新技术的发展、感测器的改进以及更先进的资料分析能力的发展。随着竞争的加剧，製造商努力透过不断改进状态监控设备来获得优势，以满足客户不断变化的需求。

依产品类型细分状态监控设备

状态监测设备市场分为三大产品类型：油液分析设备、振动监测设备、热成像设备。每种类型的状态监控设备在识别机械和工业系统中的潜在问题方面都发挥着重要作用，从而可以进行主动维护并减少停机时间。让我们仔细看看这些关键部分：

1.油品分析仪

油液分析设备是状态监测设备市场的重要组成部分。此类设备可协助工业界监测机械中润滑油的状况，对于识别污染物、磨损颗粒和油劣化至关重要。透过使用油液分析设备，企业可以防止因润滑不良而导致的设备故障，降低维护成本，并延长机械寿命。在製造、运输和能源产业，以油液分析为中心的状态监控设备对于确保平稳且有效率的运作至关重要。

2.振动监测装置

振动监测设备是应用最广泛的状态监测设备之一。您可以追踪马达、帮浦和涡轮机等旋转机械的振动等级。异常振动模式通常表示有机械问题，例如不对中、不平衡或轴承故障。透过使用振动监测设备，公司可以及早发现这些问题，避免代价高昂的故障，并在最佳时间安排维护。对提供振动分析的状态监测设备的需求正在迅速增加，特别是在发电、石油和天然气以及重型设备等行业。

3.热成像装置

热成像设备是状态监测设备市场的另一个重要部分。该设备使用热成像技术来监测机械部件的温度。过热可能表示有摩擦、电气问题或组件故障等问题。基于热成像的状态监控设备在依赖连续运作的产业（例如製造和能源生产）中特别有用。透过使用热成像设备，公司可以识别因过热而导致的潜在故障，并确保机器在安全温度范围内运作。

状态监测设备的最终用户产业细分

状态监测设备市场按各个最终用户行业进行细分，这些行业将大大受益于该技术的使用。各行业依靠状态监测设备来提高营运效率、最大限度地减少停机时间并提高整体设备可靠性。状态监测设备市场的主要最终用户产业详细资讯如下：

1. 石油和天然气

石油和天然气产业是状态监测设备的最大消费者之一。该行业的公司依靠状态监测设备来监测泵浦、压缩机和涡轮机等关键机械的运作状况。透过状态监控设备实施预测性维护策略，操作员可以防止代价高昂的设备故障、确保安全合规性并优化生产流程。

2、发电

在发电领域，状态监测设备对于维持涡轮机、发电机和其他关键零件的可靠性至关重要。透过采用先进的状态监测设备，发电厂可以及早发现异常情况并确保在故障发生之前进行维护。这种主动方法提高了整体效率并降低了营运风险，使状态监控设备在该行业中具有无价的价值。

3. 金属/矿业

金属和采矿业严重依赖状态监测设备来确保挖土机、破碎机和输送机等机械的可靠性。状态监测设备使公司能够追踪设备性能、减少意外故障并延长资产的使用寿命。这对于设备故障可能导致重大生产损失的行业尤其重要。

4. 化学

在化学工业中，状态监测装置用于监测各种製程和设备，例如反应器、搅拌机和帮浦。透过采用该设备，企业可以确保其设备安全且有效率地运作。状态监测设备有助于在潜在问题升级之前发现问题，从而提高操作安全性和法规遵循。

5、汽车业

汽车业依靠状态监测设备来改善生产机械的维护和性能。透过使用状态监控设备，汽车製造商可以确保组装平稳运作，机器以最佳状态运行，最终减少生产延误并降低与设备故障相关的成本。

航太/国防

在航太和国防领域，设备的可靠性极为重要。状态监控设备用于监测飞机引擎、航空电子系统和地面支援设备。该技术使营运商能够保持高安全标准并确保其飞机正常运作。

7.一般製造业

一般製造业也是状态监测设备的重要最终用户。各种製造过程受益于状态监测设备提供的即时资料，以改善维护计划并减少停机时间。状态监测设备使製造商能够优化生产效率并维持较高的产品品质。

8. 海洋

船舶工业利用状态监测设备来监测船舶和海上结构的性能。该设备有助于识别引擎、推进系统和其他关键部件的潜在故障，确保船舶安全高效的运作。在海洋领域使用状态监测设备对于遵守安全法规和最大限度地降低环境风险至关重要。

9. 其他

「其他」包括可以从状态监测设备中受益的各种行业，包括纸浆和造纸、製药、食品和饮料、纺织、水和用水和污水处理以及电子和半导体。这些产业都采用状态监测设备来提高流程效率、确保符合业界标准并优化维护。例如，在食品和饮料行业，状态监测设备有助于维持设备卫生和性能，而在製药业，它们可确保製造过程的可靠性，这对于产品品质和安全至关重要。

竞争环境

参赛人数

销售额超过1000万美元的企业约100家

竞争因素

性能、支援、可靠性、价格

按主要最终用户行业

石油和天然气、发电、化学品、石化产品

主要竞争对手

SKF、艾默生、贝克休斯（本特利内华达）、舍弗勒

前 5 名公司的销售份额（2023 年）

54%

其他着名竞争对手

Meggitt (Parker Hannifin)、Brunel & Kjaer Vibro (NSK)

流通结构

该行业既可以直接运营，也可以透过分销商运营。取决于计划的大小。振动分析透过零售和直销进行分销。

值得注意的收购和合併

2022 年，西门子收购了 Brightly Software，这是一家云端基础的资产和维护管理软体供应商。同年，艾默生与 Aspen Tech（软体）签订了价值 110 亿美元的合併协议。这占艾默生 2023 年全球年销售额的 7%。 2023年，艾默生以82亿美元股权收购美国国家仪器公司。同年，Fluke Reliability（Fortive Corporation）收购了基于订阅的远端监控解决方案 AZIMA DLI。

目录

状态监测设备产业的成长机会：研究范围

  • 分析范围
  • 区域细分
  • 最终用户产业定义

成长环境：状态监测设备领域的变革

  • 为什么成长如此困难？
  • The Strategic Imperative 8（TM）
  • 三大战略重点对状态监测设备产业的影响

状态监测设备领域的生态系统

  • 竞争环境
  • 主要竞争对手

成长环境：行动中的公司（C2A）、状态监控设备产业

  • 公司简介 - 主要状态监控设备供应商
  • 其他主要状态监控设备供应商

状态监测设备领域的成长要素

  • 主要成长指标
  • 生长促进因子
  • 成长抑制因素
  • 市场参与企业摘录
  • 预测考虑因素
  • 收益预测
  • 收益预测分析
  • 按产品类型分類的销售额比例
  • 按产品类型分類的收益预测
  • 按产品类型分類的收益分析
  • 各地区销售额比例
  • 按地区分類的收益预测
  • 监控流程的销售率
  • 透过监控流程进行收益预测分析
  • 最终用户的收益预测
  • 按最终用户分類的销售比例
  • 最终用户收益预测分析
  • 竞品分析
  • 影响市场成长的关键趋势与技术

成长要素价格分析

  • 状态监测设备市场波特分析
  • 价格分析：状态监测设备市场
  • 按产品提供的收益分析
  • 适用于每种应用的状态监测设备

成长要素：北美

  • 北美主要成长指标
  • 北美收益预测
  • 北美收益分析
  • 北美收益预测：依最终用户分类
  • 北美收益分析：依最终用户分类

成长要素：拉丁美洲

  • 拉丁美洲的主要成长指标
  • 拉丁美洲收益预测
  • 拉丁美洲收益预测分析
  • 拉丁美洲收益预测：按最终用户分类
  • 拉丁美洲收益分析：依最终用户分类

成长要素：欧洲

  • 欧洲主要成长指标
  • 欧洲收益预测
  • 欧洲收益预测分析
  • 欧洲收益预测：依最终用户分类
  • 欧洲收益分析：依最终用户分类

成长要素：中东和非洲

  • 中东和非洲的主要成长指标
  • 中东/非洲收益和预测
  • 中东/非洲收益和预测分析
  • 中东和非洲收益和预测：按最终用户分类
  • 中东和非洲收益预测分析：按最终用户分类

成长要素：亚太地区

  • 亚太地区主要成长指标
  • 亚太地区收益预测
  • 亚太地区收益预测分析
  • 亚太地区收益预测：依最终用户分类
  • 亚太地区收益预测分析：依最终用户分类

成长机会领域

  • 成长机会 1：透过整合状态监控系统和人工智慧分析来改善预测性维护
  • 成长机会 2：开发产业专用的状态监控系统以满足新的最终用户需求
  • 成长机会3：在价值链中建立伙伴关係和灵活性以实现长期生存

附录与后续步骤

  • 成长机会的好处和影响
  • 下一步
  • 附件清单
  • 免责声明
简介目录
Product Code: KA02-17

The Integration of Internet of Things and Data Analytics in Asset Monitoring Drives Transformational Growth

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 regions, including North America, Latin America, Europe, the Middle East, and Asia-Pacific.

In 2023, the global condition monitoring equipment market size reached $2.39 billion, reflecting a growth of 6.2% from 2022. The market is expected to continue growing at a 7.3% CAGR during the forecast period from 2024 to 2028. This growth is driven by advancements in technology, a stronger focus on predictive maintenance, and increased investments in industrial digitization.

One of the primary trends driving the adoption of condition monitoring equipment is the rise of condition-based maintenance (CBM). Companies are moving away from traditional reactive and time-based maintenance approaches in favor of CBM, which allows them to harness real-time data to make informed maintenance decisions. Implementing condition monitoring equipment enables end-users to significantly reduce maintenance costs while improving overall equipment effectiveness, leading to enhanced productivity and equipment longevity.

The report also forecasts market revenues for all condition monitoring equipment techniques through 2028. It offers insights into key trends across various end-user industries, such as manufacturing, energy, and oil & gas, which are increasingly adopting condition monitoring equipment to maintain operational efficiency. Additionally, the analysis provides guidance on factors that end users consider when selecting a condition monitoring equipment vendor, including reliability, technology offerings, and service support.

The report identifies numerous growth opportunities for condition monitoring equipment suppliers, especially as more industries embrace digitalization and IoT-driven solutions. However, suppliers also face several challenges, such as the need to stay competitive in a rapidly evolving market and meeting the diverse needs of a global customer base. Despite these challenges, demand for condition monitoring equipment continues to rise, driven by its ability to minimize downtime and extend the life of industrial assets.

Furthermore, the report analyzes pricing trends and strategic imperatives for condition monitoring equipment vendors. It profiles the major players in the market, highlighting their innovations, strategies, and product offerings. This analysis will be particularly valuable to equipment vendors who are seeking to invest in the digitalization of their offerings to help customers optimize their industrial assets using advanced condition monitoring equipment.

For stakeholders, the condition monitoring equipment market presents a wealth of opportunities as industries increasingly prioritize predictive maintenance and the use of advanced monitoring tools. As organizations look to streamline operations and cut costs, the adoption of condition monitoring equipment will continue to grow, making it a crucial aspect of modern industrial maintenance strategies.

This report will be of interest to condition monitoring equipment manufacturers, investors, and service providers who are eager to capitalize on the expanding market. By leveraging the insights provided, they can better understand the dynamics of the condition monitoring equipment industry and position themselves for success in the years to come.

Key Issues Addressed

  • Who are the leading participants and what are their market shares?
  • What regions will have the highest growth potential?
  • What opportunities are there for CM equipment vendors in the current market scenario?
  • What are the impacts of convergence technologies such as big data and connectivity? How do these technologies influence innovative business models?

 

Research Highlights

The global condition monitoring equipment market is expected to experience significant growth between 2021 and 2028, driven by the increasing adoption of predictive maintenance strategies across industries. With a forecasted CAGR of 7.3% from 2023 to 2028, the market is set to expand as companies prioritize operational efficiency, reduce downtime, and optimize asset performance through real-time data monitoring.

CM Equipment: Revenue Forecast, Global, 2021–2028

 

Research Scope

Scope

Geographic Coverage

Global

Study Period

2021-2028

Base Year

2023

Forecast Period

2024-2028

Monetary Unit

US Dollars

 

 

Key Trends and Technologies Impacting Market Growth for Condition Monitoring Equipment Market

The condition monitoring equipment market is experiencing significant growth, driven by several key trends and emerging technologies. These factors not only enhance the efficiency of maintenance processes but also contribute to the overall optimization of industrial operations. Below are some of the most impactful trends and technologies shaping the condition monitoring equipment market:

1. Increased Adoption of Predictive Maintenance

Predictive maintenance (PdM) is gaining traction across various industries as organizations aim to minimize downtime and maintenance costs. By leveraging condition monitoring equipment, companies can collect real-time data on machine performance, enabling them to predict potential failures before they occur. This shift from reactive to predictive maintenance is enhancing operational efficiency and reducing maintenance-related expenditures.

2. Integration of IoT and Big Data Analytics

The integration of Internet of Things (IoT) technologies with condition monitoring equipment is transforming the landscape of predictive maintenance. IoT-enabled devices collect vast amounts of data from machinery, which can be analyzed using big data analytics tools. This enables organizations to gain deeper insights into equipment performance, optimize maintenance schedules, and identify trends that lead to improved operational efficiencies. The convergence of IoT and condition monitoring equipment is creating new opportunities for advanced analytics and data-driven decision-making.

3. Advancements in Artificial Intelligence and Machine Learning

Artificial intelligence (AI) and machine learning (ML) technologies are revolutionizing the capabilities of condition monitoring equipment. By utilizing AI algorithms, organizations can analyze data patterns more effectively, leading to improved predictive maintenance strategies. AI-driven condition monitoring equipment can detect anomalies and predict equipment failures with high accuracy, enabling timely interventions that enhance equipment reliability and lifespan.

4. Growing Emphasis on Sustainability and Environmental Compliance

As industries face increasing pressure to adhere to environmental regulations, there is a rising demand for condition monitoring equipment that supports sustainability initiatives. Organizations are seeking solutions that not only optimize equipment performance but also reduce energy consumption and emissions. By implementing condition monitoring equipment, companies can identify inefficiencies in their processes, thus contributing to their sustainability goals while avoiding potential regulatory penalties.

5. Cloud-Based Solutions and Remote Monitoring

The adoption of cloud-based solutions for condition monitoring equipment is enabling organizations to monitor their assets remotely. This trend has been accelerated by the COVID-19 pandemic, which has prompted many companies to adopt remote operations. Cloud-based condition monitoring equipment allows for real-time data access, enabling engineers to analyze performance and conduct troubleshooting from anywhere. This flexibility enhances maintenance efficiency and supports continuous operations, especially in industries with geographically dispersed assets.

6. Rise of Modular and Customizable Solutions

The demand for modular and customizable condition monitoring equipment is increasing as companies seek tailored solutions that meet their specific needs. These flexible systems allow businesses to integrate various monitoring techniques (e.g., vibration analysis, oil analysis, thermography) based on their operational requirements. The ability to customize condition monitoring equipment enhances its applicability across different industries and facilitates easier upgrades as technology evolves.

7. Enhanced Focus on Employee Training and Skill Development

As condition monitoring equipment becomes more sophisticated, there is a growing emphasis on training employees to effectively utilize these technologies. Organizations are investing in skill development programs to ensure that their workforce can maximize the benefits of advanced condition monitoring equipment. Proper training enhances the ability to interpret data insights, make informed decisions, and implement effective maintenance strategies.

8. Increased Investment in R&D

The condition monitoring equipment market is witnessing increased investment in research and development (R&D) as companies seek to innovate and enhance their offerings. This trend is resulting in the development of new technologies, improved sensors, and more advanced data analytics capabilities. As competition intensifies, manufacturers are striving to stay ahead by continually improving their condition monitoring equipment to meet the evolving needs of their clients.

 

Segmentation by Product Type for Condition Monitoring Equipment

The condition monitoring equipment market is segmented into three primary product types: oil analysis equipment, vibration monitoring equipment, and thermography equipment. Each type of condition monitoring equipment plays a crucial role in identifying potential issues within machinery and industrial systems, allowing for proactive maintenance and reducing downtime. Let’s take a closer look at these key segments:

1. Oil Analysis Equipment

Oil analysis equipment is a vital component of the condition monitoring equipment market. This type of equipment helps industries monitor the condition of lubricating oils within machinery, which is essential for identifying contaminants, wear particles, and oil degradation. By using oil analysis equipment, companies can prevent equipment failures caused by poor lubrication, reduce maintenance costs, and extend the life of their machinery. In industries such as manufacturing, transportation, and energy, condition monitoring equipment that focuses on oil analysis is indispensable for ensuring smooth and efficient operations.

2. Vibration Monitoring Equipment

Vibration monitoring equipment is one of the most widely used types of condition monitoring equipment. It allows industries to track the vibration levels of rotating machinery, such as motors, pumps, and turbines. Abnormal vibration patterns often indicate mechanical issues like misalignment, imbalance, or bearing failures. By employing vibration monitoring equipment, businesses can detect these issues early, avoid costly breakdowns, and schedule maintenance at optimal times. The demand for condition monitoring equipment that provides vibration analysis is growing rapidly, especially in industries like power generation, oil & gas, and heavy machinery.

3. Thermography Equipment

Thermography equipment is another critical segment of the condition monitoring equipment market. This equipment uses infrared imaging to monitor the temperature of machinery components. Excessive heat can indicate issues such as friction, electrical problems, or failing components. Condition monitoring equipment based on thermography is particularly useful in industries that rely on continuous operations, such as manufacturing and energy production. By using thermography equipment, companies can identify potential failures caused by overheating and ensure their machinery operates within safe temperature ranges.

 

Segmentation by End-User Industry for Condition Monitoring Equipment

The condition monitoring equipment market is categorized by various end-user industries that significantly benefit from the use of this technology. Each industry utilizes condition monitoring equipment to enhance operational efficiency, minimize downtime, and improve overall equipment reliability. Below is an elaboration on the key end-user industries in the condition monitoring equipment market:

1. Oil & Gas

The oil and gas industry is one of the largest consumers of condition monitoring equipment. Companies in this sector utilize condition monitoring equipment to monitor the health of critical machinery such as pumps, compressors, and turbines. By implementing predictive maintenance strategies through condition monitoring equipment, operators can prevent costly equipment failures, ensure safety compliance, and optimize production processes.

2. Power Generation

In the power generation sector, condition monitoring equipment is essential for maintaining the reliability of turbines, generators, and other critical components. By employing advanced condition monitoring equipment, power plants can detect anomalies early, ensuring that maintenance is performed before failures occur. This proactive approach enhances overall efficiency and reduces operational risks, making condition monitoring equipment invaluable in this industry.

3. Metals & Mining

The metals and mining industry relies heavily on condition monitoring equipment to ensure the reliability of machinery such as excavators, crushers, and conveyors. With the use of condition monitoring equipment, companies can track equipment performance, reduce unexpected breakdowns, and extend the life of their assets. This is particularly important in a sector where equipment failures can lead to significant production losses.

4. Chemicals

In the chemical industry, condition monitoring equipment is used to monitor various processes and equipment, including reactors, mixers, and pumps. By employing this equipment, companies can ensure the safe and efficient operation of their facilities. Condition monitoring equipment helps identify potential issues before they escalate, thereby enhancing operational safety and regulatory compliance.

5. Automotive

The automotive industry utilizes condition monitoring equipment to improve the maintenance and performance of production machinery. By implementing condition monitoring equipment, automotive manufacturers can ensure that their assembly lines operate smoothly and that machinery functions optimally, ultimately reducing production delays and costs associated with equipment failures.

6. Aerospace & Defense

In the aerospace and defense sectors, the reliability of equipment is critical. Condition monitoring equipment is employed to monitor aircraft engines, avionics systems, and ground support equipment. This technology allows operators to maintain high safety standards and ensure that aircraft are operationally ready, thus protecting the integrity of operations in these high-stakes industries.

7. General Manufacturing

General manufacturing is another significant end-user of condition monitoring equipment. Various manufacturing processes benefit from the real-time data provided by condition monitoring equipment, allowing for improved maintenance schedules and reduced downtime. By leveraging condition monitoring equipment, manufacturers can optimize production efficiency and maintain high product quality.

8. Marine

The marine industry utilizes condition monitoring equipment to monitor the performance of ships and offshore structures. This equipment helps in identifying potential failures in engines, propulsion systems, and other critical components, ensuring that vessels operate safely and efficiently. The use of condition monitoring equipment in the marine sector is crucial for compliance with safety regulations and for minimizing environmental risks.

9. Others

The "Others" category encompasses various industries that also benefit from condition monitoring equipment, including pulp and paper, pharmaceuticals, food and beverage, textiles, water and wastewater treatment, as well as electronics and semiconductors. Each of these industries employs condition monitoring equipment to enhance process efficiency, ensure compliance with industry standards, and optimize maintenance practices. For instance, in the food and beverage sector, condition monitoring equipment can help maintain equipment hygiene and performance, while in pharmaceuticals, it ensures the reliability of production processes critical for product quality and safety.

 

Competitive Environment

Number of Competitors

Approximately 100 with revenue greater than $10 million

Competitive Factors

Performance, support, reliability, price

Key End-user Industry Verticals

Oil and gas, power generation, chemicals and petrochemicals

Leading Competitors

SKF, Emerson, Baker Hughes (Bently Nevada), Schaeffler

Revenue Share of Top 5 Competitors (2023)

54%

Other Notable Competitors

Meggitt (Parker Hannifin), Bruel & Kjaer Vibro (NSK)

Distribution Structure

The industry distributes both directly and through distributors. The size of the project is determinant. Vibration analysis is distributed through retail sales and direct sales

Notable Acquisitions and Mergers

In 2022, Siemens acquired Brightly Software, which offers cloud-based asset and maintenance management software. That same year, Emerson and AspenTech (software) closed an $11 billion merger agreement. This accounted for 7% of Emerson’s annual global revenue in 2023. In 2023, Emerson acquired National Instruments Corporation at an equity value of $8.2 billion. That same year, Fluke Reliability (Fortive Corporation) acquired AZIMA DLI, which offers subscription-based remote monitoring solutions.

 

Table of Contents

Growth Opportunities in the Condition Monitoring Equipment Sector: Research Scope

  • Scope of Analysis
  • Segmentation by Region
  • Definition of End-user Industries

Growth Environment: Transformation in the Condition Monitoring Equipment Sector

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top 3 Strategic Imperatives on the Condition Monitoring Equipment Industry

Ecosystem in the Condition Monitoring Equipment Sector

  • Competitive Environment
  • Key Competitors

Growth Environment: Companies to Action (C2A), Condition Monitoring Equipment Sector

  • Company Profiles-Key CM Equipment Vendors
  • Other Key CM Equipment Vendors

Growth Generator in the Condition Monitoring Equipment Sector

  • Key Growth Metrics
  • Growth Drivers
  • Growth Restraints
  • Select Quotes from Market Participants
  • Forecast Considerations
  • Revenue Forecast
  • Revenue Forecast Analysis
  • Revenue Percent by Product type
  • Revenue Forecast by Product Type
  • Revenue Forecast Analysis by Product Type
  • Revenue Percent by Region
  • Revenue Forecast by Region
  • Revenue Percent by Monitoring Process
  • Revenue Forecast Analysis by Monitoring Process
  • Revenue Forecast by End User
  • Revenue Percentage by End User
  • Revenue Forecast Analysis by End User
  • Competitive Analysis
  • Key Trends and Technologies Impacting Market Growth

Growth Generator: Pricing Analysis

  • Porter's Analysis of the CM Equipment Market
  • Pricing Analysis: CM Equipment Market
  • Revenue Analysis by Offering
  • CM Equipment by Application

Growth Generator: North America

  • Key Growth Metrics for North America
  • Revenue Forecast for North America
  • Revenue Forecast Analysis for North America
  • Revenue Forecast by End User for North America
  • Revenue Forecast Analysis by End User for North America

Growth Generator: Latin America

  • Key Growth Metrics for Latin America
  • Revenue Forecast for Latin America
  • Revenue Forecast Analysis for Latin America
  • Revenue Forecast by End User for Latin America
  • Revenue Forecast Analysis by End User for Latin America

Growth Generator: Europe

  • Key Growth Metrics for Europe
  • Revenue Forecast for Europe
  • Revenue Forecast Analysis for Europe
  • Revenue Forecast by End User for Europe
  • Revenue Forecast Analysis by End User for Europe

Growth Generator: The Middle East and Africa

  • Key Growth Metrics for the Middle East and Africa
  • Revenue Forecast for the Middle East and Africa
  • Revenue Forecast Analysis for the Middle East and Africa
  • Revenue Forecast by End User for the Middle East and Africa
  • Revenue Forecast Analysis by End User for the Middle East and Africa

Growth Generator: Asia-Pacific

  • Key Growth Metrics for Asia-Pacific
  • Revenue Forecast for Asia-Pacific
  • Revenue Forecast Analysis for Asia-Pacific
  • Revenue Forecast by End User for Asia-Pacific
  • Revenue Forecast Analysis by End User for Asia-Pacific

Growth Opportunity Universe

  • Growth Opportunity 1: Integrating Condition Monitoring Systems with AI Analytics for Better Predictive Maintenance
  • Growth Opportunity 2: Developing Industry-specific Condition Monitoring Systems to Meet Emerging End-user Demands
  • Growth Opportunity 3: Establishing Partnerships and Flexibility in the Value Chain for Long-term Sustenance

Appendix & Next Steps

  • Benefits and Impacts of Growth Opportunities
  • Next Steps
  • List of Exhibits
  • Legal Disclaimer