Lewes, DE -- (SBWIRE) -- 02/13/2018 -- Report forecast the global machine condition monitoring market to grow at a CAGR of 4.20% during the period 2018-2022.

Machine condition monitoring is the process of monitoring the condition of a machine to predict mechanical wear and failure for the machine. The report considers machine condition monitoring systems used in or for plant equipment and machinery in a plant, plant facility, or field. The key vendors in the report are considered based on product offerings, latest development, new contracts, revenue, brand value, and industry offering. The end-user market segment includes power, cement and metal, oil and gas, chemical and petrochemical, pulp and paper, automotive, and other industries.

The report covers the present scenario and the growth prospects of the global machine condition monitoring market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in the market is wireless communication gaining momentum in industries.

Further, the report states that one challenge in the market is limited battery life for wireless devices.

Global Machine Condition Monitoring Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global machine condition monitoring market: Emerson Electric, General Electric, Honeywell International, National Instruments, Rockwell Automation, and SKF.

Market driver
- Wireless communication gaining momentum in industries
- For a full, detailed list, view our report

Market challenge
- Limited battery life for wireless devices
- For a full, detailed list, view our report

Market trend
- Improvement in sensor technology
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 125 pages "Global Machine Condition Monitoring Market 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Market Segmentation By Transportation Type, Customer Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.

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