Market Overview

Global Condition Monitoring Services Market 2018-2025: Improved Customer Appreciation of the Benefits of Condition Monitoring is One Major Driver

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Global Condition Monitoring Services Market 2018-2025: Improved Customer Appreciation of the Benefits of Condition Monitoring is One Major Driver

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DUBLIN, July 30, 2018 /PRNewswire/ --

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

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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 Issues Addressed

  • Is the condition monitoring services market growing, how long will it continue to grow and at what rate?
  • What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict growth for this market?
  • Who are the leading participants and their market share? How has the oil price crisis impacted the condition monitoring services market and how does the future look? What are the competitive strategies adopted by service providers to increase their market presence?
  • Which regions are expected to provide the highest growth potential for the future? Can North America sustain its position as a key revenue contributor in the face of rising global competition?
  • What are the impacts of convergence technologies such as Big Data and connectivity? How do these influence innovative business models?
  • Which applications and industries will drive demand for condition monitoring equipment? Will the traditional end-user segments continue to be the largest revenue generators?

Key Topics Covered

1. Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective

2. Market Overview
What, Why, and How of Condition Monitoring
Condition Monitoring for Predictive Maintenance
Market Overview-Introduction
Market Overview-Market Scope and Geographies Covered
Market Definitions
Key Questions this Study will Answer
Market Segmentation

3. Drivers and Restraints-Total Condition Monitoring Services Market
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. Market and Technology Trends
Service Trends
Who is the End User?
Customer Pain Points
Technology Trends
Remote Condition Monitoring

5. Forecasts and Trends-Total Condition Monitoring Services Market
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Product Services Segment
Revenue Forecast by Product Services Segment
Revenue Forecast Discussion by Product Services Segment
Percent Revenue Forecast by Region
Revenue Forecast by Region
Condition Monitoring Service Market-Global Hotspots
NA-Percent Revenue Forecast by Country
NA-Revenue Forecast by Country
Europe-Percent Revenue Forecast by Country
Europe-Revenue Forecast by Country
APAC-Percent Revenue Forecast by Country
APAC-Revenue Forecast by Country
ROW-Percent Revenue Forecast by Region
ROW-Revenue Forecast by Region
Revenue Forecast by Region Discussion
Revenue Forecast by Vertical Market
Revenue Forecast by Vertical Market Discussion
Percent Revenue Forecast by Application
Revenue Forecast by Application
Revenue Forecast Discussion by Application

6. Market Share and Competitive Analysis-Total Condition Monitoring Services Market
Market Share
Market Share Analysis
Competitive Environment
Top Competitors-SWOT Analysis
General Electric Measurement & Control-Bently Nevada
Brel & Kjaer Vibro
Emerson
SKF Condition Monitoring
Rockwell Automation
PRFTECHNIK
Azima DLI
FLIR Systems
Fluke Corporation
Schneider Electric
Parker Kittiwake-Part of Parker Hannifin
Top Competitors-Startups
Competitive Factors and Assessment

7. Growth Opportunities and Companies to Action
Transformation in Condition Monitoring Equipment Industry Ecosystem
Growth Opportunity-Integration of Condition Monitoring with PAM/CMMS
Growth Opportunity-Technology Advancement
Growth Opportunity-Big Data Analytics Improving Production Efficiency
5 Major Growth Opportunities for Condition Monitoring
Strategic Imperatives for Success and Growth

8. Mega Trends and Industry Convergence Implications
Mega Trend Impact on the Condition Monitoring Equipment Market

9. Mega Trend I-Connectivity and Convergence
Connectivity and Convergence
Big Data Analytics
Current Application of Big Data Analytics in Condition Monitoring
Evolution of Big Data in Condition Monitoring Applications
The Next Evolution-Prescriptive Analytics
Snapshot of Manufacturing Versus Other Sectors
Opportunities for Big Data and Industrial Condition Monitoring
Top 3 Trends Driving Big Data in Condition Monitoring
Impact of Big Data on the Global Condition Monitoring Market
Big Data Analytics Competitive Factors and Assessment

10. Mega Trend II-Redefining Condition Monitoring with IIoT
IIoT-Emerging Themes in the Industrial Environment
Need for Real-time Decision-making
Industrial Internet of Things (IIoT)
Future Architecture
The Case for a Unified View
Key Enablers for Advanced Data Analytics in the Condition Monitoring Services Market
Implications for the Condition Monitoring Market
Case Study-Siemens' Remote Maintenance Solution

11. Mega Trend III-Evolving Business Models
Typical Business Models
Taxonomy of B2B Business Models
Service-based Model-Product as a Service, Data as a Service (DaaS), and PaaS
Fee-based Model-Pay Per Use, Renting/Leasing, and Subscription Model (Software as a Service (SaaS))
Evolving Business Models
Case Study-Rolls-Royce

12. Vibration Condition Monitoring Services Segment Analysis
Vibration Condition Monitoring Services-Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
NA-Percent Revenue Forecast by Country
NA-Revenue Forecast by Country
Europe-Percent Revenue Forecast by Country
Europe-Revenue Forecast by Country
APAC-Percent Revenue Forecast by Country
APAC-Revenue Forecast by Country
ROW-Percent Revenue Forecast by Region
ROW-Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Percent Revenue Forecast by Application
Revenue Forecast by Application
Revenue Forecast Discussion by Application Market
Market Share
Market Share Analysis
Competitive Environment

13. Lubricating Oil Analysis Services Segment Analysis
Lubricating Oil Analysis Services-Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
NA-Percent Revenue Forecast by Country
NA-Revenue Forecast by Country
Europe-Percent Revenue Forecast by Country
Europe-Revenue Forecast by Country
APAC-Percent Revenue Forecast by Country
APAC-Revenue Forecast by Country
ROW-Percent Revenue Forecast by Region
ROW-Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Percent Revenue Forecast by Application
Revenue Forecast by Application
Revenue Forecast Discussion by Application
Market Share
Market Share Analysis
Competitive Environment

14. Thermography Services Segment Analysis
Thermography Services-Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
NA-Percent Revenue Forecast by Country
NA-Revenue Forecast by Country
Europe-Percent Revenue Forecast by Country
Europe-Revenue Forecast by Country
APAC-Percent Revenue Forecast by Country
APAC-Revenue Forecast by Country
ROW-Percent Revenue Forecast by Region
ROW-Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Percent Revenue Forecast by Application
Revenue Forecast by Application
Revenue Forecast Discussion by Application
Market Share
Market Share Analysis
Competitive Environment

15. Other Services Segment Analysis
Other Services-Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
NA-Percent Revenue Forecast by Country
NA-Revenue Forecast by Country
Europe-Percent Revenue Forecast by Country
Europe-Revenue Forecast by Country
APAC-Percent Revenue Forecast by Country
APAC-Revenue Forecast by Country
ROW-Percent Revenue Forecast by Region
ROW-Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Percent Revenue Forecast by Application
Revenue Forecast by Application
Revenue Forecast Discussion by Application
Market Share
Market Share Analysis
Competitive Environment

16. The Last Word
The Last Word-4 Big Predictions
Legal Disclaimer

17. Appendix
Market Engineering Methodology
Additional Source of Information on Condition Monitoring
List of Companies in Others
Partial List of Companies Interviewed
List of Exhibits

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

For more information about this report visit https://www.researchandmarkets.com/research/8qdrtq/global_condition?w=5

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