Market Overview:
The global portable machine condition monitoring system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial automation and the rising need for predictive maintenance across various industries. Based on type, the global portable machine condition monitoring system market is segmented into vibration sensors and analyzers, infrared sensors, spectrometers, ultrasound detectors, spectrum analyzers, corrosion probes and others. Vibration sensors and analyzers are expected to hold a major share of this market during the forecast period owing to their ability to detect minute vibrations in machines that can help identify problems before they become serious. Based on application, the global portable machine condition monitoring system market is segmented into oil & gas production & processing facilities; power generation plants; metals & mining companies; chemical companies; automotive manufacturing plants; aerospace & defense establishments; food & beverage processing units; marine vessels/offshore platforms and others (including semiconductor fabrication plants). Oil & gas production facilities are expected to account for a major share of this market during the forecast period as these facilities require continuous monitoring of equipment in order to avoid any unscheduled downtime or loss in production.
Product Definition:
A Portable Machine Condition Monitoring System (PMCMS) is a device that is used to monitor the condition of machines while they are in operation. The purpose of a PMCMS is to help identify problems with machines before they become serious issues, which can lead to down time and lost productivity.
Vibration Sensors and Analyzers:
Vibration sensors and analyzers are used to measure vibration or displacement in a machine. They are widely used in the condition monitoring system of the portable machines such as milling, drilling, cutting, welding and grinding. The major factor that propels market growth is increasing demand for these systems from industries such as automotive & transportation and food processing & packaging which require high precision condition monitoring systems.
Infrared Sensors:
Infrared sensors are used in portable machine condition monitoring systems to detect the wear and tear of different components such as motors, bearings, belts and other moving parts. These sensors are compact in size and can be easily mounted on a device or attached to the device with adhesive. They send out infrared light which is absorbed by the objects around it; this information is then transferred to an optical fiber for further transmission into a conditioning monitor. Conditioning monitors display various parameters such as temperature, humidity etc.
Application Insights:
The oil & gas segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in drilling activities across various regions, including Africa, Asia Pacific, and Middle East countries. Portable machine condition monitoring systems are used for on-site inspection of pipelines and wells as well as for remote sensing of equipment performance during production operations.
The power generation segment is anticipated to register a notable CAGR over the forecast period owing to increasing demand from industrial users along with residential consumers globally. Growing investments in renewable energy sources have led global companies such as Siemens Energy Technologies and ABB Ltd., among others offer solutions that enable utilities¢â‚¬â„¢ efforts towards becoming more efficient while reducing carbon emissions through advanced analytics capabilities supported by Condition Monitoring Systems (CMS).
Regional Analysis:
Asia Pacific portable machine condition monitoring system market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing investments in infrastructure development and manufacturing facilities, especially in China and India. In addition, rising demand for consumer electronics products such as smartphones and tablets is anticipated to drive the regional market further.
The North America region accounted for a significant share of revenue in 2017 owing to early adoption of technologies by end-users coupled with high disposable income levels among consumers. However, stringent government regulations regarding pollution are expected to hamper the growth over the forecast period. Europe also accounted for a significant share owing its large presence of automotive manufacturers who are increasingly adopting condition monitoring systems across various plants globally including Germany, Russia, Spain Italy among others’ plants which will positively impact market growth during the forecast period –2030 (USD X Million).
Growth Factors:
- Increasing demand for industrial automation and process control across different industries is expected to drive the growth of the portable machine condition monitoring system market.
- Growing awareness about the benefits of using portable machine condition monitoring systems is anticipated to fuel market growth during the forecast period.
- The increasing adoption of Industry 4.0 and IIoT across various industries is projected to boost the demand for portable machine condition monitoring systems in the near future.
- Rising concerns among end-users about safety and productivity are likely to propel demand for portable machine condition monitoring systems in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Machine Condition Monitoring System Market Research Report
By Type
Vibration Sensors and Analyzers, Infrared Sensors, Spectrometers, Ultrasound Detectors, Spectrum Analyzers, Corrosion Probes, Others
By Application
Oil & Gas, Power Generation, Metals & Mining, Chemicals, Automotive, Aerospace & Defense, Food & Beverages, Marine, Others
By Companies
ALS Limited (Australia), Emerson Electric (US), General Electric (US), Honeywell (US), Meggitt (UK), National Instruments (US), Parker-Hannifin (US), Rockwell Automation (US), Schaeffler (Germany), SKF (Sweden), Azima DLI (US), Bruel & Kjaer (Denmark), Fluke (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Portable Machine Condition Monitoring System Market Report Segments:
The global Portable Machine Condition Monitoring System market is segmented on the basis of:
Types
Vibration Sensors and Analyzers, Infrared Sensors, Spectrometers, Ultrasound Detectors, Spectrum Analyzers, Corrosion Probes, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Power Generation, Metals & Mining, Chemicals, Automotive, Aerospace & Defense, Food & Beverages, Marine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALS Limited (Australia)
- Emerson Electric (US)
- General Electric (US)
- Honeywell (US)
- Meggitt (UK)
- National Instruments (US)
- Parker-Hannifin (US)
- Rockwell Automation (US)
- Schaeffler (Germany)
- SKF (Sweden)
- Azima DLI (US)
- Bruel & Kjaer (Denmark)
- Fluke (US)
Highlights of The Portable Machine Condition Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vibration Sensors and Analyzers
- Infrared Sensors
- Spectrometers
- Ultrasound Detectors
- Spectrum Analyzers
- Corrosion Probes
- Others
- By Application:
- Oil & Gas
- Power Generation
- Metals & Mining
- Chemicals
- Automotive
- Aerospace & Defense
- Food & Beverages
- Marine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Machine Condition Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Portable Machine Condition Monitoring System (PMCS) is a type of machine monitoring system that can be used to remotely monitor and diagnose the health and status of industrial machines. PMCSs are typically portable, allowing them to be easily transported to different locations.
Some of the major companies in the portable machine condition monitoring system market are ALS Limited (Australia), Emerson Electric (US), General Electric (US), Honeywell (US), Meggitt (UK), National Instruments (US), Parker-Hannifin (US), Rockwell Automation (US), Schaeffler (Germany), SKF (Sweden), Azima DLI (US), Bruel & Kjaer (Denmark), Fluke (US).
The portable machine condition monitoring system market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Machine Condition Monitoring System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Portable Machine Condition Monitoring System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Machine Condition Monitoring System Market - Supply Chain
4.5. Global Portable Machine Condition Monitoring System Market Forecast
4.5.1. Portable Machine Condition Monitoring System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Machine Condition Monitoring System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Machine Condition Monitoring System Market Absolute $ Opportunity
5. Global Portable Machine Condition Monitoring System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Portable Machine Condition Monitoring System Market Size and Volume Forecast by Type
5.3.1. Vibration Sensors and Analyzers
5.3.2. Infrared Sensors
5.3.3. Spectrometers
5.3.4. Ultrasound Detectors
5.3.5. Spectrum Analyzers
5.3.6. Corrosion Probes
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Machine Condition Monitoring System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Portable Machine Condition Monitoring System Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Power Generation
6.3.3. Metals & Mining
6.3.4. Chemicals
6.3.5. Automotive
6.3.6. Aerospace & Defense
6.3.7. Food & Beverages
6.3.8. Marine
6.3.9. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Machine Condition Monitoring System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Portable Machine Condition Monitoring System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Portable Machine Condition Monitoring System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Portable Machine Condition Monitoring System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Portable Machine Condition Monitoring System Demand Share Forecast, 2019-2026
9. North America Portable Machine Condition Monitoring System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Portable Machine Condition Monitoring System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Portable Machine Condition Monitoring System Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Power Generation
9.4.3. Metals & Mining
9.4.4. Chemicals
9.4.5. Automotive
9.4.6. Aerospace & Defense
9.4.7. Food & Beverages
9.4.8. Marine
9.4.9. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Machine Condition Monitoring System Market Size and Volume Forecast by Type
9.7.1. Vibration Sensors and Analyzers
9.7.2. Infrared Sensors
9.7.3. Spectrometers
9.7.4. Ultrasound Detectors
9.7.5. Spectrum Analyzers
9.7.6. Corrosion Probes
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Portable Machine Condition Monitoring System Demand Share Forecast, 2019-2026
10. Latin America Portable Machine Condition Monitoring System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Portable Machine Condition Monitoring System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Portable Machine Condition Monitoring System Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Power Generation
10.4.3. Metals & Mining
10.4.4. Chemicals
10.4.5. Automotive
10.4.6. Aerospace & Defense
10.4.7. Food & Beverages
10.4.8. Marine
10.4.9. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Machine Condition Monitoring System Market Size and Volume Forecast by Type
10.7.1. Vibration Sensors and Analyzers
10.7.2. Infrared Sensors
10.7.3. Spectrometers
10.7.4. Ultrasound Detectors
10.7.5. Spectrum Analyzers
10.7.6. Corrosion Probes
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Portable Machine Condition Monitoring System Demand Share Forecast, 2019-2026
11. Europe Portable Machine Condition Monitoring System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Portable Machine Condition Monitoring System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Portable Machine Condition Monitoring System Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Power Generation
11.4.3. Metals & Mining
11.4.4. Chemicals
11.4.5. Automotive
11.4.6. Aerospace & Defense
11.4.7. Food & Beverages
11.4.8. Marine
11.4.9. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o- Growth Projections by Application
11.7. Europe Portable Machine Condition Monitoring System Market Size and Volume Forecast by Type
11.7.1. Vibration Sensors and Analyzers
11.7.2. Infrared Sensors
11.7.3. Spectrometers
11.7.4. Ultrasound Detectors
11.7.5. Spectrum Analyzers
11.7.6. Corrosion Probes
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Portable Machine Condition Monitoring System Demand Share, 2019-2026
12. Asia Pacific Portable Machine Condition Monitoring System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Portable Machine Condition Monitoring System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Portable Machine Condition Monitoring System Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Power Generation
12.4.3. Metals & Mining
12.4.4. Chemicals
12.4.5. Automotive
12.4.6. Aerospace & Defense
12.4.7. Food & Beverages
12.4.8. Marine
12.4.9. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Machine Condition Monitoring System Market Size and Volume Forecast by Type
12.7.1. Vibration Sensors and Analyzers
12.7.2. Infrared Sensors
12.7.3. Spectrometers
12.7.4. Ultrasound Detectors
12.7.5. Spectrum Analyzers
12.7.6. Corrosion Probes
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Portable Machine Condition Monitoring System Demand Share, 2019-2026
13. Middle East & Africa Portable Machine Condition Monitoring System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Portable Machine Condition Monitoring System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Portable Machine Condition Monitoring System Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Power Generation
13.4.3. Metals & Mining
13.4.4. Chemicals
13.4.5. Automotive
13.4.6. Aerospace & Defense
13.4.7. Food & Beverages
13.4.8. Marine
13.4.9. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Machine Condition Monitoring System Market Size and Volume Forecast by Type
13.7.1. Vibration Sensors and Analyzers
13.7.2. Infrared Sensors
13.7.3. Spectrometers
13.7.4. Ultrasound Detectors
13.7.5. Spectrum Analyzers
13.7.6. Corrosion Probes
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Portable Machine Condition Monitoring System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Machine Condition Monitoring System Market: Market Share Analysis
14.2. Portable Machine Condition Monitoring System Distributors and Customers
14.3. Portable Machine Condition Monitoring System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ALS Limited (Australia)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Emerson Electric (US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Electric (US)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell (US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Meggitt (UK)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. National Instruments (US)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Parker-Hannifin (US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rockwell Automation (US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Schaeffler (Germany)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SKF (Sweden)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Azima DLI (US)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bruel & Kjaer (Denmark)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fluke (US)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
&nb
