Market Overview

Global Condition Monitoring Services Market Forecast to 2025: A $4.8 Billion Opportunity -


The "Global
Condition Monitoring Services Market, Forecast to 2025"
has been added to's offering.

This report identifies key opportunities for growth while detailing key
challenges and possible threats. The base year for this study is 2017
and the forecast period is from 2018 to 2025.

The condition monitoring services market will undergo a significant
transformation over the next 5-8 years with the advent of new
technologies changing customer requirements in connectivity and
analytics, and with evolving business models featuring among other
services specifications.

From $1.92 billion in 2017, the market revenues are expected to reach
$4.8 billion by 2025 at a CAGR of 12.3%, although the revenue trajectory
varies among different service segments.

Improved customer appreciation of the benefits of condition monitoring,
wider leverage of standards and certification, reduced condition
monitoring equipment prices, and the demand for analytics will underpin
growth. Customers are looking to derive actionable insights from their
condition monitoring data and require assistance with integrating
disparate data and leveraging analytics.

The global condition monitoring equipment market is going through an
evolutionary phase. Advancements in connectivity solutions, data
processing, analytics, and cloud computing underline the need for
integrated service providers. This need is expected to give rise to
opportunities for market convergence, as companies that are experienced
in areas such as analytics or condition monitoring software may impact
the competitive dynamics in this market.

Recovery in oil and gas prices and other key technology changes have
pushed service vendors to rethink and reinvent. Despite these
challenges, pockets of opportunities across the industry and increased
awareness among end users about condition monitoring have helped the
market surge ahead.

Key Topics Covered

1. Executive Summary

2. Market Overview

3. Drivers and Restraints - Total Condition Monitoring Services Market

4. Market and Technology Trends

5. Forecasts and Trends - Total Condition Monitoring Services Market

6. Market Share and Competitive Analysis - Total Condition Monitoring
Services Market

7. Growth Opportunities and Companies to Action

8. Mega Trends and Industry Convergence Implications

9. Mega Trend I - Connectivity and Convergence

10. Mega Trend II - Redefining Condition Monitoring with IIoT

11. Mega Trend III - Evolving Business Models

12. Vibration Condition Monitoring Services Segment Analysis

13. Lubricating Oil Analysis Services Segment Analysis

14. Thermography Services Segment Analysis

15. Other Services Segment Analysis

16. The Last Word

Companies Featured

  • NEC Avio Infrared
  • Parker Kittiwake
  • Allied Reliability
  • I-Care
  • Siemens
  • SPM Instruments
  • Schneider Electric
  • Spectro Scientific
  • Emerson
  • Azima DLI
  • PerkinElmer
  • Thermoteknix
  • SKF
  • ABB
  • Pepperl + Fuchs
  • Bruel & Kjaer
  • ALS Global
  • Pruftechnik
  • Valmet
  • Fluke
  • GasTOPS
  • Schaeffler
  • GE Measurement & Control (Bently Nevada)
  • Thermo Fisher Scientific
  • FLIR
  • National Instruments
  • Testo
  • Rockwell Automation

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