Condition Monitoring Service Market Is Expected to Witness Gradual Growth Over the Forecast Period 2021-2030

A recent market study published by Future Market Insights (FMI) on the condition monitoring service market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. Our analysts conduct thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.

The global demand for condition monitoring services is projected to surpass the valuation of over US$ 4 Bn by 2030 end. As suggested by a new Future Market Insights (FMI) report, substantial growth in the condition monitoring service market is mainly backed by the growth of the power generation industry, which holds a prominent share of the overall market value, closely followed by the chemical and petrochemical industries.

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Impact of COVID-19 on Industry:

On the flip side, the current global coronavirus pandemic is expected to cost global economy about US$ 1 Tn in 2020, as per the UN Conference on Trade and Development. The automotive, logistics, and petrochemicals industries, in particular, are well within the radar of the potential impact of the virus.  Several business executives have halted their manufacturing operations, given the large-scale lockdowns in majority of countries. As the COVID-19 pandemic spreads, condition monitoring services would see a notable decline in their adoption.

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Condition Monitoring Service Market: Segmentation

Competition Analysis

Some of the market players featured in the report are as SKF, Fuji Electric, Siemens AG, ABB, Honeywell International Inc, Meggit PLC, General Electric, Parker Hannifin Corp., Schaeffler Technologies AG & Co., Kirloskar Brothers Ltd., Emerson Electric Co., and others.

TechniqueVibration AnalysisCorrosion MonitoringInfrared ThermographyUltrasound TestingMotor Condition MonitoringOil Analysis
OperationRoute Based MonitoringPortable Machine DiagnosticsOnline Machine MonitoringOnline Machine ProtectionFactory Assurance Test
End Use IndustryOil & GasPower GenerationAerospace & DefenseAutomotive & TransportationMarineMining & MetalFood & BeverageChemical & Petrochemical
RegionNorth AmericaLatin AmericaEuropeSouth Asia & PacificEast AsiaMiddle East and Africa

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Table Of Content:

Chapter 1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

Chapter 2. Market Overview
Chapter 3. Key Market Trends
Chapter 4. Key Success Factors
Chapter 5. Global Condition Monitoring Service Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
Chapter 6. Market Background
Chapter 7. Global Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030, By Operation
Chapter 8. Global Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030, By Techniques
Chapter 9. Global Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030, By Application
Chapter 10. Global Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030, by Region
Chapter 11. North America Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030
Chapter 12. Latin America Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030
Chapter 13. Europe Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030
Chapter 14. South Asia Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030
Chapter 15. Oceania Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030
Chapter 16. East Asia Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030
Chapter 17. Middle East and Africa Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030
Chapter 18. Emerging Countries Condition Monitoring Service Market Analysis 2015-2019 and Forecast 2020-2030
Chapter 19. Market Structure Analysis
Chapter 20. Competition Analysis
Chapter 21. Assumptions and Acronyms Used
Chapter 22. Research Methodology

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