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Global Machine Condition Monitoring Market Outlook 2017-2026, With an Expected CAGR of 8.6% – ResearchAndMarkets.com

The “Machine
Condition Monitoring – Global Market Outlook (2017-2026)”
report has been added to ResearchAndMarkets.com’s
offering.

According to the publisher, the Global Machine condition monitoring
market is accounted for $2.11billion in 2017 and is expected to reach
$4.45 billion by 2026 growing at a CAGR of 8.6%.

Development of a secure cloud computing platform, increased use of
wireless communication technology for condition monitoring of equipment
and inclination of end users towards predictive maintenance are the
factors fueling the market growth. However, factors such as lack of
trained technical resources for data analysis and lack of trust in
prediction capabilities of machine condition monitoring technology are
restricting the market growth.

Machine condition monitoring allows maintenance to be scheduled, or
other actions to be taken to prevent consequential damages and avoid its
consequences. Machine condition monitoring techniques is used in
rotating electric motors, internal combustion engines, presses equipment
and pumps.

Amongst monitoring processes, online and portable segment accounted for
the largest market share in the global market. Online machine condition
monitoring offers real time data to operators at the plant and is the
most preferred monitoring process in significant services that effort
continuously and are highly level to defects.

Companies Mentioned

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Machine Condition Monitoring Market, By Monitoring Technique

6 Global Machine Condition Monitoring Market, By Offering

7 Global Machine Condition Monitoring Market, By Deployment Type

8 Global Machine Condition Monitoring Market, By Monitoring Process

9 Global Machine Condition Monitoring Market, By End User

10 Global Machine Condition Monitoring Market, By Geography

11 Key Developments

12 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/72d8r3/global_machine?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180618005541/en/