Global Equipment Monitoring Market is expected to reach USD 5.26 Billion by 2026 from USD XX Billion in 2018 at a CAGR of XX % (Detailed analysis of the market CAGR is provided in the report).

Global Equipment Monitoring Market

The Global Equipment Monitoring Market based on monitoring type is segmented into vibration monitoring, lubrication monitoring, thermal monitoring, corrosion monitoring, motor current monitoring, noise monitoring, GPS tracking and alarm monitoring. The vibration monitoring is expected to be the major contributor for the market during the forecast period. Vibration monitoring is widely used as it is capable of detecting a fault before any repair at an early stage and also identifying the exact location of the fault. The Global Equipment Monitoring Market based on monitoring processes, the online equipment monitoring process is expected to grow at a high rate during the forecast period. Online equipment monitoring delivers real-time data to plant operators than portable equipment monitoring. The market for oil & gas industry is expected to hold large shares of the market during the forecast period. Oil & gas companies are accentuated to increase productivity and minimize operating cost. Equipment monitoring safeguards uninterrupted operations of production machinery with minimized downtime, which helps to reduce maintenance cost and increase the efficiency of machinery.

Geographically, the Global Equipment Monitoring Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to be largest market for equipment monitoring during the forecast period. This is due to the increasing focus on optimal asset utilization; stringent government regulations for workplace and personal safety; and increasing awareness regarding quality in oil & gas, chemicals, and food & beverages industries.

The years that have been considered for the study are:

• Base year – 2018
• Estimated year – 2019
• Forecast period – 2019 to 2026

Key Highlights:

• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Global Equipment Monitoring Market during the forecast period
• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Global Equipment Monitoring Market analysis and comprehensive segmentation with respect to the monitoring type, monitoring process, deployment type, industry and geography to assist in strategic business planning
• Global Equipment Monitoring Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions

Research Methodology:

The Global Equipment Monitoring Market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get unbiased idea of the market. This exercise was done at country level to get fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at global market value for Global Equipment Monitoring Market.

Global Equipment Monitoring marketplace is growing with the presence of major companies holding a large market share.

The objective of the report is to present comprehensive Global Equipment Monitoring Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Equipment Monitoring Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Global Equipment Monitoring Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Equipment Monitoring Market North America for Asia Pacific make the report investor’s guide.
Key Players of the Global Equipment Monitoring Market:

• General Electric
• Emerson Electric
• Honeywell
• SKF
• National Instruments
• Parker Hannifin
• Siemens
• Rockwell Automation
• Yokogawa
• Flir Systems
• Pruftechnik Dieter Busch
• SPM Instrument
• Fluke Corporation
• Analog Devices
• PCB Piezotronics

Key Target Audience:

• Manufacturers of components such as accelerometers, IR detectors, eddy current sensors, ultrasonic detectors and other devices used for equipment monitoring
• Maintenance personnel, manufacturers and suppliers of equipment monitoring solutions
• Associations and regulatory authorities associated to plant maintenance
• Government bodies
• Research institutes and organizations
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The Scope of the Global Equipment Monitoring Market:

The research report segments the Global Equipment Monitoring Market based on monitoring type, monitoring process, deployment type, industry, and geography
Global Equipment Monitoring Market, By Monitoring Type:

• Vibration Monitoring
• Lubrication Monitoring
• Thermal Monitoring
• Corrosion Monitoring
• Motor Current Monitoring
• Noise Monitoring
• GPS Tracking
• Alarm Monitoring
Global Equipment Monitoring Market, By Monitoring Process:

• Online Equipment Monitoring
• Portable Equipment Monitoring
Global Equipment Monitoring Market, By Deployment Type:

• On-premise
• Cloud
Global Equipment Monitoring Market, By Industry:

• Oil & Gas
• Metals & Mining
• Power Generation
• Chemicals
• Aerospace & Defense
• Automotive
• Marine
• Food & Beverages
• Others
Global Equipment Monitoring Market, By Geography:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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