Vibration Monitoring Segment to Dominate South Africa Machine Condition Monitoring Market during 2021–2028

According to a new market research study on “South Africa Machine Condition Monitoring Market Forecast to 2028 – COVID-19 Impact and Analysis – by Monitoring Techniques, Offering, Deployment Type, Monitoring Process, and End User,” the market is expected to reach US$ 33.25 million by 2028 from US$ 26.51 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the South Africa machine condition monitoring market along with the drivers and restraints pertaining to the market growth. Increase in adoption of automated solutions in the manufacturing sector is driving the growth of the South Africa machine condition monitoring market. However, the maintenance cost as well as longer lifespan of the systems are restraining the market growth.

The South Africa machine condition monitoring market is segmented based on monitoring techniques, offering, deployment type, monitoring process, and end users. Based on monitoring techniques, the market is segmented into vibration monitoring, thermography, oil analysis, corrosion monitoring, ultrasound emission, and motor current analysis. The vibration monitoring segment held the largest market share in 2021. Based on offering, the market is bifurcated into hardware and software. The hardware segment contributed a significant share in 2021. Based on deployment type, the market is segmented into on-premise and cloud. The South Africa machine condition monitoring market by deployment type is expected to be led by the cloud segment in terms of growth rate. Based on monitoring process, the market is categorized into online condition monitoring and portable condition monitoring. The portable segment is expected to continue dominating the market in terms of market share during the forecast period. Further, the end users of machine condition monitoring in South African market include oil & gas, power generation, automotive, aerospace & defense, transportation & rail, food & beverage, manufacturing, and others. The oil & gas and manufacturing sector holds significant market share in the current scenario, however the transportation/rail segment is expected to be the forerunner in terms of growth rate.

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 leads them to slow down and sometimes result in failure. Pertaining to this, the demand for condition-monitoring techniques is soaring, which is boosting the machine condition monitoring market.

The objective of integrating machinery with machine condition monitoring solutions is to analyze and actively improve the performance of the machinery. The condition monitoring solutions offered by the providers allow the end users to optimize rotating machinery health. Condition monitoring involves the application of specific hardware, software, or a combination of the two to gather and report data about the performance of various machines. The growth in demand for condition monitoring is directly proportional to an increase in manufacturing facilities. This factor is catalyzing the growth of the machine condition monitoring market.

The South African government implemented a nationwide lockdown on March 26, 2020, in accordance with the regulations provided under the NDMA (NDMA Regulations), which consists of five alert levels, each of which restricts movement, social, and business activity to varying degrees. The COVID-19 pandemic has had a drastic impact on the machine condition monitoring market in South Africa. The market players suffered business loss as the year-on-year plunged during the first half of 2020, however as the country re-opened in the second half, the demand for the machine condition monitoring system picked up. This was the result of employee layoffs and the need to continuously monitor the operations of the systems across the end users of machine condition monitoring systems.

Some of the key players operating in the machine condition monitoring market include Honeywell International Inc.; Schaeffler Technologies AG & Co. KG; General Electric; Martec; Machine Condition Monitoring (Pty) Ltd; Rockwell Automation, Inc.; SKF; Quill; ALS Limited; and National Instruments Corporation. The companies are adopting organic growth strategies, such as product launches and expansions, to sustain their position in the dynamic market. For instance, in, 2019, Baker Hughes, a GE company launched next-generation platform, the Orbit 60 Series under its Bently Nevada business. The Orbit 60 Series is the next-generation platform that collects and processes data, equipping operators with the right data and analytics to determine the health of their machines.

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