Welcome!

News Feed Item

Machine Condition & Health Monitoring Market: 7.16% CAGR Forecast to 2020 in New Research Report

DALLAS, August 29, 2014 /PRNewswire/ --

The global machine health monitoring market is expected to reach $2.50 Billion at a CAGR of 7.16% from 2014 to 2020. Machine Health Monitoring Market by Product (vibration monitoring, thermography, ultrasound emission, lubricating oil analysis, corrosion monitoring, motor current signature analysis), Component, Application and Geography - Global Forecast to 2014 - 2020 research report is of 353 pages and includes the detailed value chain analysis of the machine health monitoring industry. Complete report is available at http://www.reportsnreports.com/reports/290941-machine-health-monitoring-market-by-product-vibration-monitoring-thermography-ultrasound-emission-lubricating-oil-analysis-corrosion-monitoring-motor-current-signature-analysis-component-application-and-geography-global-forecast-to-2014-2020.html .

GE (U.S.) is one of the key players of machine health monitoring market. The company entered the machine health monitoring market by acquiring Bently Nevada (U.S.) in February 2002, which was one of the leaders at that time. Bently Nevada is a Machine Health Monitoring Equipment Company that provides services for systems and monitors machinery vibrations. GE's Bently Nevada product line is a leading player in machine health monitoring. Bently Nevada provides machinery protection and monitoring for refineries, petrochemical plants, power plants, and wind farms. The Bently Nevada product portfolio comprises monitoring systems, sensors and transducers, software, test and calibration equipment, custom products, and more. In August 2011, GE acquired Commtest (New Zealand) to boost Bently Nevada's product portfolio. This acquisition helped to bring more integrated offerings to their customers that took into account the health of the entire plant. The company has focused on developing new products through sustained research and making strategic acquisitions for enhancing their product portfolio.

Emerson Process Management (U.S.), a leading provider of automation technologies, is one of the primary companies in the machine health monitoring market. Emerson provides CSI technologies for machine health monitoring. CSI technologies consist of machine health monitoring solutions such as continuous projection, protection, and monitoring, portable technologies, vibration transmitters, sensors, machinery health management software, and equipment performance monitoring. The company comprises online monitoring tools under CSI technologies. The company offers a complete range of machine health monitoring equipment to provide reliability, cost efficiency, less downtime, high maintenance and profitability to its customers. Its strong geographic presence makes it well positioned to capitalize on the current trends in this industry.

The major drivers for the machine health monitoring market are the improvement in equipment reliability by effective projection of their failures, achieving reduction in frequency and severity of equipment downtimes, maximizing component life by proper scheduling of maintenance programs, maximizing equipment performance and throughput, ensuring the safety of equipment and personnel, and many more. There are restraints in the market such as achieving return on investment from machine health monitoring, unpredictable maintenance periods, and requirement of asset modifications to retrofit existing systems with machine health monitoring sensors that may inhibit the market growth. The increasing demand from emerging economies is one of the key opportunities for the process analyzer market.

Machine health monitoring industry companies profiled in this report include Azima Dli Corporation, Bruel & Kjaer , CTRL Systems, Inc. , Emerson Process Management , Fluke Corporation , General Electric Company , Honeywell International, Inc. , National Instruments Corporation , Parker Hannifin Corporation , Rockwell Automation, Inc. , Scanimetrics and SKF AB. Order a copy of Machine Health Monitoring Market 2014-2020 research report at http://www.reportsnreports.com/Purchase.aspx?name=290941 .

Key Takeaways 

  • The total revenue of the Machine Health Monitoring market is expected to grow at an estimated CAGR of 7.16% from 2014-2020
  • Analysis of the global market with special focus on high growth applications in each verticals and fast growing market segments
  • Statistics by component, product type, application type, and geography, with a detailed classification splits by revenue
  • Porter's analysis in detail along with the impact
  • Major market trends, drivers, restraints, and opportunities for the Machine Health Monitoring market
  • Illustrative segmentation, analysis, and forecast of the major geographic markets to give an overall view of the Machine Health Monitoring market
  • The future of Machine Health Monitoring market from technical as well as market oriented perspectives
  • Detailed competitive landscape with identification of the key players with in-depth market share analysis including individual revenue, and market share rankings.

Other newly published reports on semiconductors and electronics industry available with ReportsnReports.com include:

Image Sensor Market by Technology (CMOS, CCD), Spectrum, Array, Scanning Method, Application (Consumer Electronics, Healthcare, Industrial, Security, Automotive, Aerospace, and Defense) and by Geography - Analysis and Forecast (2013 - 2020) research report says the industry is expected to grow at a CAGR of 8.06% from 2014 to 2020. The APAC market accounts for the highest market share of 38.30% during 2013, and is expected to grow at a CAGR of 10.15% from 2014 to 2020; whereas North America and Europe is expected to grow at a CAGR of 6.29% and 5.30% from 2014 to 2020. Companies like Aptina Imaging Corporation (U.S.), Canon Inc. (Japan), CMOSIS (Belgium), OmniVision Technologies, Inc. (U.S.), ON Semiconductor (U.S.), Samsung Group (South Korea), Sony Corporation (Japan), STMicroelectronics N.V. (Switzerland), Teledyne DALSA (Canada), and Toshiba Corporation (Japan) are discussed in this report available at http://www.reportsnreports.com/reports/267141-image-sensors-market-analysis-and-forecast-2013-2018-by-applications-healthcare-endoscopy-radiology-ophthalmology-surveillance-automobile-consumer-defense-industrial-technology-ccd-cmos-contact-is-infrared-x-ray-and-geography.html .

Water Automation and Instrumentation Market by Process stage (Collection, Treatment and Distribution), Automation Technology, Instrumentation, End user Application and Geography - Analysis & Forecast (2014 - 2020) is a research report of 350 pages. This report analyzes the ecosystem of the industry, and the key market by process stage that includes collection, treatment and distribution of water and by technology that includes distribution control system, supervisory control and data acquisition, programmable logic controller, human machine interface, manufacturing execution system, identity & access management, and laboratory information management system. The instrument segment covers the pressure transmitter, level transmitter, temperature transmitter, electromagnetic flow meters, sludge density measurement, gas and liquid analyzer, leakage detection systems and high and low AC drives. The application segment covers the market share of different applications for water automation and instrumentation. The report also provides the geographic view for major regions such as the Americas, Europe, Middle East, Asia-Pacific (APAC), and Africa. This report also discusses the burning issues, market dynamics, and winning imperatives for the water automation and instrumentation market. The key players active in the market are General Electric (U.S.), Siemens AG (Germany), ABB (Switzerland), Emersion Electric (US), and Rockwell Automation (U.S.) among others.  Read more at http://www.reportsnreports.com/reports/296166-water-automation-and-instrumentation-market-by-process-stage-collection-treatment-and-distribution-automation-technology-instrumentation-end-user-application-and-geography-analysis-forecast-2014-2020-.html .

About Us: 

ReportsnReports.com is an online market research reports library of 400,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.

Connect With Us on: 

Facebook: https://www.facebook.com/pages/ReportsnReports/191441427571689

LinkedIn: http://www.linkedin.com/company/reportsnreports

Twitter: https://twitter.com/marketsreports

Pinterest: http://www.pinterest.com/comeonseo/reportsnreports/

Contact:
Priyank Tiwari
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252
Tel: +1-888-391-5441
[email protected]
http://www.marketoptimizer.org/


SOURCE ReportsnReports

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...