全球狀態監測設備市場：預測與成長機會，2024-2028

將物聯網和資料分析整合到資產監控中可推動變革性成長

Frost & Sullivan 分析了全球狀態監測設備市場，重點關注三項關鍵技術：振動分析、潤滑劑分析和熱成像技術，以提供行業成長的全面視圖。我們深入研究了這三種類型的市場規模，並提供了北美、拉丁美洲、歐洲、中東和亞太地區等關鍵地區的詳細市場區隔。

2023年，全球狀態監測設備市場規模達23.9億美元，較2022年成長6.2%。預計在 2024 年至 2028 年的預測期內，該市場將以 7.3% 的複合年成長率繼續成長。這一成長是由技術進步、對預測性維護的日益關注以及對工業數位化投資的增加所推動的。

推動狀態監測設備採用的主要趨勢之一是基於狀態的維護 (CBM) 的興起。公司正在從傳統的反應式、基於時間的維護方法轉向 CBM，它利用即時資料來做出明智的維護決策。透過實施狀態監測設備，最終用戶可以大幅降低維護成本，同時提高設備的整體效率，從而提高生產率並延長設備壽命。

該報告還預測到 2028 年所有狀態監測設備技術的市場收益。它還提供了對各種最終用戶行業（包括製造、能源、石油和天然氣）的主要趨勢的洞察，這些行業擴大部署狀態監控設備以保持營運效率。此外，它還提供了最終用戶在選擇狀態監控設備供應商時應考慮的因素的指導，包括可靠性、技術產品和服務支援。

該報告揭示了狀態監測設備供應商的眾多成長機會，特別是隨著越來越多的產業採用數位化和物聯網主導的解決方案。然而，供應商也面臨一些挑戰，包括需要在快速發展的市場中保持競爭力以及需要滿足全球客戶群的多樣化需求。儘管有這些挑戰，但由於狀態監控設備能夠最大限度地減少停機時間並延長工業資產的使用壽命，對狀態監控設備的需求仍在增加。

此外，本報告也分析了狀態監控設備供應商的價格趨勢和策略必要事項。我們介紹市場上的主要企業，並重點介紹他們的創新、策略和產品。對於希望投資產品數位化以幫助客戶利用先進的狀態監控設備最佳化工業資產的設備供應商來說，這種分析尤其有價值。

對於相關人員來說，隨著業界越來越重視預測性維護和先進監測工具的使用，狀態監測設備市場提供了豐富的機會。隨著組織尋求簡化營運和降低成本，狀態監測設備的採用不斷成長，並成為現代工業維護策略的關鍵方面。

希望利用這一不斷擴大的市場的狀態監測設備製造商、投資者和服務供應商將對這份報告感興趣。透過利用所提供的見解，您可以更好地了解狀態監控設備產業的動態，並為自己在未來幾年的成功做好準備。

主要問題

• 誰是參與企業的主要企業？
• 哪些地區預計成長最快？
• 在目前的市場場景下，狀態監控設備供應商存在哪些商機？
• 巨量資料、互聯互通等融合技術有何影響？這些技術將如何影響創新的經營模式？

研究亮點

由於整個產業擴大採用預測性維護策略，全球狀態監測設備市場預計將在 2021 年至 2028 年顯著成長。預計 2023 年至 2028 年複合年成長率為 7.3%，隨著企業優先考慮業務效率、減少停機時間並透過即時資料監控最佳化資產性能，該市場預計將擴大。

狀態監測設備：2021-2028 年全球收益與預測

調查範圍

調查範圍

調查目標區域

世界

調查期間

2021-2028

基準年

2023年

預測期

2024-2028

貨幣單位

美國

影響狀態監測設備市場成長的主要趨勢與技術

在幾個關鍵趨勢和新興技術的推動下，狀態監測設備市場正在經歷顯著成長。這些因素不僅提高了維護過程的效率，而且有助於工業運作的整體最佳化。以下是塑造狀態監測設備市場的一些最具影響力的趨勢和技術：

1. 更採用預測性維護

隨著組織尋求最大限度地減少停機時間和維護成本，預測性維護 (PdM) 正在獲得各行業的認可。狀態監測設備使公司能夠收集有關機器性能的即時資料並主動預測潛在故障。這種從糾正性維護到預測性維護的轉變提高了業務效率並減少了與維護相關的費用。

2. 整合物聯網與巨量資料分析

物聯網 (IoT) 技術和狀態監測設備的整合正在改變預測性維護格局。支援物聯網的設備可以從機器收集大量資料，並使用巨量資料分析工具進行分析。這使企業能夠更深入地了解設備性能、最佳化維護計劃並確定可以提高業務效率的趨勢。物聯網和狀態監測設備的融合正在為高階分析和資料驅動決策創造新的機會。

3.人工智慧和機器學習的進展

人工智慧 (AI) 和機器學習 (ML) 技術正在徹底改變狀態監測設備的功能。透過利用人工智慧演算法，組織可以更有效地分析資料模式並改善預測性維護策略。人工智慧驅動的狀​​態監測設備可以高精度地檢測異常情況並預測設備故障，從而能夠及時干預以提高設備的可靠性和使用壽命。

4. 越來越重視永續性和環境合規性

由於各行業需要遵守環境法規，因此對狀態監測設備以支援永續性工作的需求不斷成長。公司正在尋找不僅能最佳化設備性能，還能減少能源消耗和排放的解決方案。透過實施狀態監測設備，公司可以識別流程效率低下的地方，幫助避免潛在的監管處罰，同時為永續性目標做出貢獻。

雲端基礎的解決方案和遠端監控

透過採用雲端基礎的狀態監控設備解決方案，公司現在可以遠端監控其資產。 COVID-19 大流行加速了這一趨勢，導致許多公司採用遠端操作。雲端基礎的狀態監測設備提供對資料的即時訪問，使工程師能夠隨時隨地分析性能和排除故障。這種靈活性提高了維護效率並支援連續營運，尤其是在資產地理位置分散的行業中。

6.模組化和可自訂解決方案的興起

隨著公司尋求客製化解決方案來滿足其特定需求，對模組化和可自訂狀態監控設備的需求不斷增加。這種靈活的系統允許公司根據操作要求整合不同的監控技術（振動分析、油分析、熱成像等）。客製化狀態監測設備的能力增加了其對各行業的適用性，並隨著技術的發展促進升級。

7. 更重視員工培訓和技能發展

隨著狀態監控設備變得越來越複雜，人們越來越重視培訓員工有效利用這些技術。組織正在投資技能發展計劃，以幫助員工最大限度地發揮先進狀態監控設備的優勢。適當的培訓可以增強您解釋資料見解、做出明智決策和實施有效維護策略的能力。

8.加大研發投入

隨著公司尋求創新和增強其產品，狀態監測設備市場的研發 (R&D) 投資不斷增加。這一趨勢導致了新技術的發展、感測器的改進以及更先進的資料分析能力的發展。隨著競爭的加劇，製造商努力透過不斷改進狀態監控設備來獲得優勢，以滿足客戶不斷變化的需求。

依產品類型細分狀態監控設備

狀態監測設備市場分為三大產品類型：油液分析設備、振動監測設備、熱成像設備。每種類型的狀態監控設備在識別機械和工業系統中的潛在問題方面都發揮著重要作用，從而可以進行主動維護並減少停機時間。讓我們仔細看看這些關鍵部分：

1.油品分析儀

油液分析設備是狀態監測設備市場的重要組成部分。此類設備可協助工業界監測機械中潤滑油的狀況，對於識別污染物、磨損顆粒和油劣化至關重要。透過使用油液分析設備，企業可以防止因潤滑不良而導致的設備故障，降低維護成本，並延長機械壽命。在製造、運輸和能源產業，以油液分析為中心的狀態監控設備對於確保平穩且有效率的運作至關重要。

2.振動監測裝置

振動監測設備是應用最廣泛的狀態監測設備之一。您可以追蹤馬達、幫浦和渦輪機等旋轉機械的振動等級。異常振動模式通常表示有機械問題，例如不對中、不平衡或軸承故障。透過使用振動監測設備，公司可以及早發現這些問題，避免代價高昂的故障，並在最佳時間安排維護。對提供振動分析的狀態監測設備的需求正在迅速增加，特別是在發電、石油和天然氣以及重型設備等行業。

3.熱成像裝置

熱成像設備是狀態監測設備市場的另一個重要部分。該設備使用熱成像技術來監測機械部件的溫度。過熱可能表示有摩擦、電氣問題或組件故障等問題。基於熱成像的狀態監控設備在依賴連續運作的產業（例如製造和能源生產）中特別有用。透過使用熱成像設備，公司可以識別因過熱而導致的潛在故障，並確保機器在安全溫度範圍內運作。

狀態監測設備的最終用戶產業細分

狀態監測設備市場按各個最終用戶行業進行細分，這些行業將大大受益於該技術的使用。各行業依靠狀態監測設備來提高營運效率、最大限度地減少停機時間並提高整體設備可靠性。狀態監測設備市場的主要最終用戶產業詳細資訊如下：

1. 石油和天然氣

石油和天然氣產業是狀態監測設備的最大消費者之一。該行業的公司依靠狀態監測設備來監測泵浦、壓縮機和渦輪機等關鍵機械的運作狀況。透過狀態監控設備實施預測性維護策略，操作員可以防止代價高昂的設備故障、確保安全合規性並最佳化生產流程。

2、發電

在發電領域，狀態監測設備對於維持渦輪機、發電機和其他關鍵零件的可靠性至關重要。透過採用先進的狀態監測設備，發電廠可以及早發現異常情況並確保在故障發生之前進行維護。這種主動方法提高了整體效率並降低了營運風險，使狀態監控設備在該行業中具有無價的價值。

3. 金屬/礦業

金屬和採礦業嚴重依賴狀態監測設備來確保挖土機、破碎機和輸送機等機械的可靠性。狀態監測設備使公司能夠追蹤設備性能、減少意外故障並延長資產的使用壽命。這對於設備故障可能導致重大生產損失的行業尤其重要。

4. 化學

在化學工業中，狀態監測裝置用於監測各種製程和設備，例如反應器、攪拌機和幫浦。透過採用該設備，企業可以確保其設備安全且有效率地運作。狀態監測設備有助於在潛在問題升級之前發現問題，從而提高操作安全性和法規遵循。

5、汽車業

汽車業依靠狀態監測設備來改善生產機械的維護和性能。透過使用狀態監控設備，汽車製造商可以確保組裝平穩運作，機器以最佳狀態運行，最終減少生產延誤並降低與設備故障相關的成本。

航太/國防

在航太和國防領域，設備的可靠性極為重要。狀態監控設備用於監測飛機引擎、航空電子系統和地面支援設備。該技術使營運商能夠保持高安全標準並確保其飛機正常運作。

7.一般製造業

一般製造業也是狀態監測設備的重要最終用戶。各種製造過程受益於狀態監測設備提供的即時資料，以改善維護計劃並減少停機時間。狀態監測設備使製造商能夠最佳化生產效率並維持較高的產品品質。

8. 海洋

船舶工業利用狀態監測設備來監測船舶和海上結構的性能。該設備有助於識別引擎、推進系統和其他關鍵部件的潛在故障，確保船舶安全高效的運作。在海洋領域使用狀態監測設備對於遵守安全法規和最大限度地降低環境風險至關重要。

9. 其他

「其他」包括可以從狀態監測設備中受益的各種行業，包括紙漿和造紙、製藥、食品和飲料、紡織、水和用水和污水處理以及電子和半導體。這些產業都採用狀態監測設備來提高流程效率、確保符合業界標準並最佳化維護。例如，在食品和飲料行業，狀態監測設備有助於維持設備衛生和性能，而在製藥業，它們可確保製造過程的可靠性，這對於產品品質和安全至關重要。

競爭環境

參賽人數

銷售額超過1000萬美元的企業約100家

競爭因素

性能、支援、可靠性、價格

按主要最終用戶行業

石油和天然氣、發電、化學品、石化產品

主要競爭對手

SKF、艾默生、貝克休斯（本特利內華達）、舍弗勒

前 5 名公司的銷售佔有率（2023 年）

54%

其他著名競爭對手

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

流通結構

該行業既可以直接營運，也可以透過分銷商營運。取決於計劃的大小。振動分析透過零售和直銷進行分銷。

值得注意的收購和合併

2022 年，西門子收購了 Brightly Software，這是一家雲端基礎的資產和維護管理軟體供應商。同年，艾默生與 Aspen Tech（軟體）簽訂了價值 110 億美元的合併協議。這佔艾默生 2023 年全球年銷售額的 7%。 2023年，艾默生以82億美元股權收購美國國家儀器公司。同年，Fluke Reliability（Fortive Corporation）收購了基於訂閱的遠端監控解決方案 AZIMA DLI。

目錄

狀態監測設備產業的成長機會：研究範圍

• 分析範圍
• 區域細分
• 最終用戶產業定義

成長環境：狀態監測設備領域的變革

• 為什麼成長如此困難？
• The Strategic Imperative 8（TM）
• 三大戰略重點對狀態監測設備產業的影響

狀態監測設備領域的生態系統

• 競爭環境
• 主要競爭對手

成長環境：行動中的公司（C2A）、狀態監控設備產業

• 公司簡介 - 主要狀態監控設備供應商
• 其他主要狀態監控設備供應商

狀態監測設備領域的成長要素

• 主要成長指標
• 生長促進因子
• 成長抑制因素
• 市場參與企業摘錄
• 預測考慮因素
• 收益預測
• 收益預測分析
• 按產品類型分類的銷售額比例
• 按產品類型分類的收益預測
• 按產品類型分類的收益分析
• 各地區銷售額比例
• 按地區分類的收益預測
• 監控流程的銷售率
• 透過監控流程進行收益預測分析
• 最終用戶的收益預測
• 按最終用戶分類的銷售比例
• 最終用戶收益預測分析
• 競品分析
• 影響市場成長的關鍵趨勢與技術

成長要素價格分析

• 狀態監測設備市場波特分析
• 價格分析：狀態監測設備市場
• 按產品提供的收益分析
• 適用於每種應用的狀態監測設備

成長要素：北美

• 北美主要成長指標
• 北美收益預測
• 北美收益分析
• 北美收益預測：依最終用戶分類
• 北美收益分析：依最終用戶分類

成長要素：拉丁美洲

• 拉丁美洲的主要成長指標
• 拉丁美洲收益預測
• 拉丁美洲收益預測分析
• 拉丁美洲收益預測：按最終用戶分類
• 拉丁美洲收益分析：依最終用戶分類

成長要素：歐洲

• 歐洲主要成長指標
• 歐洲收益預測
• 歐洲收益預測分析
• 歐洲收益預測：依最終用戶分類
• 歐洲收益分析：依最終用戶分類

成長要素：中東和非洲

• 中東和非洲的主要成長指標
• 中東/非洲收益和預測
• 中東/非洲收益和預測分析
• 中東和非洲收益和預測：按最終用戶分類
• 中東和非洲收益預測分析：按最終用戶分類

成長要素：亞太地區

• 亞太地區主要成長指標
• 亞太地區收益預測
• 亞太地區收益預測分析
• 亞太地區收益預測：依最終用戶分類
• 亞太地區收益預測分析：依最終用戶分類

成長機會領域

• 成長機會 1：透過整合狀態監控系統和人工智慧分析來改善預測性維護
• 成長機會 2：開發產業專用的狀態監控系統以滿足新的最終用戶需求
• 成長機會3：在價值鏈中建立夥伴關係和靈活性以實現長期生存

附錄與後續步驟

• 成長機會的好處和影響
• 下一步
• 附件清單
• 免責聲明

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