Asia Pacific Machine Condition Monitoring Market
Published On: Aug 2020
Published On: Aug 2020
In terms of monitoring technique, thermography segment is anticipated to be the fastest growing segment APAC machine condition monitoring market during 2020–2027
According to our new market research study on “APAC Machine Condition Monitoring Market to 2027 – Regional Analysis and Forecast by monitoring technique, offering, deployment type, monitoring process, end user, and country,” the market is expected to reach US$ 988.3 million by 2027 from US$ 596.1 million in 2019; it is estimated to grow at a CAGR of 6.7% from 2020 to 2027. Modern machinery operates with the help of numerous smaller parts and components, which wear down, get damaged, and even fail to function over a period. Rotating parts of motors, fans, engines, and several bearing types are common causes of failure. This is because the rotating parts are constantly moving, and their persistent motion is essential for the machine to be operational. However, continually moving and external particles such as dirt or moisture lead them to slow down and sometimes result in failure. Pertaining to this, the demand for condition-monitoring techniques are soaring, which is boosting the machine condition monitoring market.
Thermography helps in identifying and analyzing thermal anomalies for the determination of machine condition monitoring. These thermal anomalies are generally due to such mechanisms as operation, inadequate lubrication, worn components, misalignment, or mechanical loading anomalies. The use of thermometers and thermocouples for contact temperature measurements are most common for several applications. Although the use of infrared sensors for non-contact measurement has gained traction as the desired alternative, numerous infrared techniques are used across the industry. Among them, comparative thermography is the most commonly used technique as it delivers the finest available data instead of ideal or absolute thermal measurements.
SKF, Emerson Electric Co., General Electric Company, National Instrument Corporation, and Rockwell Automation Inc., are among the leading companies in the APAC machine condition monitoring market. The market players present in the machine condition monitoring market are mainly focusing on product enhancements by integrating advanced features and technologies. By signing partnerships, contracts, joint ventures, and inaugurating new offices across the world, companies are trying to increase their market share and brand presence.
The report segments the APAC machine condition monitoring market as follows:
By Monitoring Techniques
By Offering
By Deployment Type
By Monitoring Process
By End User
By Country
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