The global machine condition monitoring market size is expected to grow from USD 3.1 billion in 2024 to USD 4.7 billion by 2029, at a CAGR of 8.3% from 2024 to 2029. Machine condition monitoring is a technique used to detect and predict potential causes of mechanical failure in industrial equipment and machinery and keep them operational. The common reasons for machine failures include bearing failure, overloads, normal insulation deterioration, imbalanced or incorrect voltage levels, misalignments/vibrations, and poor maintenance practices.
Machine Condition Monitoring companies include:
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Emerson Electric Co.
Emerson Electric Co. manufactures process control systems, valves, and analytical instruments. The company has three operating business segments: Automation Solutions, AspenTech, and Commercial & Residential Solutions. Vibration transmitters, machinery protection systems, online condition monitoring solutions, route-based vibration analyzers, integrated condition monitoring solutions, and machinery health monitors for the power application are some of the machine condition monitoring solutions which is offered by the company. These solutions helps in diagnosing the machine condition. In addition, the company provides maintenance and training courses related to machine condition monitoring systems. The company has presence in all the regions such as North America, Asia Pacific, Europe, South America, Middle East and Africa.
Honeywell International Inc.
Honeywell International Inc. is considered as one of the diversified technology and manufacturing company which is serving its customers across the world. The company has four business segments—Aerospace, Safety and Productivity Solutions, Performance Material and Technologies, and Honeywell Building Technologies. The company offers automation and control solutions for several process applications, such as oil & gas; mining, minerals, and metals; chemicals; and pharmaceuticals industries. The company also offers sensing and control solutions, aircraft condition monitoring systems, advanced software for corrosion monitoring, vibration monitoring systems, and condition-based maintenance services.
SKF is one of the global key players in manufacturing lubrication management systems, maintenance products, condition monitoring systems, and related services. The company operates through two business segments namely Automotive and Industrial. The machine condition monitoring solutions offered by the company falls under the Industrial segment. The company offers wide variety of condition monitoring products such as ultrasonic instruments, thermal cameras, vibration measurement tools, tachometers, stroboscopes, and electrical discharge detectors. SKF offers the @ptitude Asset Management System, a combination of software and hardware. This system supports the integration of all machine condition-related data into a single program and sharing this data along the functional lines of a plant and detects issues witnessed by plant operators.
Machine Condition Monitoring Market by Technique (Vibration Monitoring, Thermography, Oil Analysis, Ultrasound Emission), Offering (Vibration Sensors, Infrared Sensors, Spectrometers, Corrosion Probes, Spectrum Analyzers), Region - Global Forecast to 2029
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
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