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Home>Global Machine Condition Monitoring Sensors Market Report 2017-2021 - Research and Markets

Global Machine Condition Monitoring Sensors Market Report 2017-2021 - Research and Markets

Global Machine Condition Monitoring Sensors Market Report 2017-2021 - Research and Markets

10/05/2017

Global Machine Condition Monitoring Sensors Market Report 2017-2021 - Research and Markets

The "Global Machine Condition Monitoring Sensors Market 2017-2021" report has been added to Research and Markets' offering.

The global machine condition monitoring sensors market to grow at a CAGR of 6.52% during the period 2017-2021.

Global Machine Condition Monitoring Sensors Market 2017-2021, 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 theKey vendors operating in this market. To calculate the market size, the report considers the sales and replacement market.

Machine condition monitoring sensors are devices that are used for condition-based maintenance and monitoring of machines and industrial assets. They help in timely detection of machine damage, thereby reducing the operational expense for an organization. The global machine condition monitoring sensors market is segmented based on type, namely vibration, infrared, oil analysis, and other sensors. End-users of this market are oil and gas, power generation, aerospace and defense, chemical and petrochemical, and others.

According to the report, one of the major drivers for this market is Rise in demand for wireless vibration sensors. Wireless sensor technology provides substantial growth and advantages over wired sensors used for machine condition monitoring. The process industries, such as oil and gas, power generation, and chemical and petrochemical, are leading the market and will gain further market growth during the forecast period. The wireless vibration sensors are used for transferring rotational speed data in the industrial applications such as process piping and hydraulic systems.

Key vendors

  • Connection Technology Center
  • Emerson
  • Parker Hannifin
  • Rockwell Automation
  • SKF

Other prominent vendors

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